80C Deduction cannot be denied Solely due to Incorrect Filing of ITR-5 Instead of ITR-2: ITAT [Read Order]

Prescribed Form for filing income tax is irrelevant to denying any deduction, as long as the correct tax is collected from the correct assessee for the correct year
By Kavi Priya - On September 9, 2024 3:25 pm - 2 mins read
ITAT - Income Tax Appellate Tribunal - Filing of ITR - ITR - Income Tax Return - Section 80C - Section 80C Income Tax Act - TAXSCAN

The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that the deduction under Section 80C of Income Tax Act, 1961 cannot be denied solely due to incorrect filing in ITR Form-5 instead of ITR Form-2. Pashiben Prajapati Family Trust (assessee) filed its income tax return for the assessment year 2021-22…

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.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader