Income Tax Deduction cannot be denied due to wrong classification in ITR: ITAT [Read Order]

The ITAT set aside the finding of the CIT (A) and directed the AO to delete the addition made by him.

The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that deduction under the Income Tax Act cannot be denied due to wrong classification in Income Tax return ( ITR ). National Contracting Company, the appellant/assessee the assessee filed its return of income on 18.12.2020 declaring a total income of Rs.38,10,910/-. The…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1599 + GST for 1 year

Subscribe Now