Gratuity tax deduction of ₹79.25 lakh denied over wrong ITR schedule, ITAT Chennai rules in taxpayer’s favour(Soban News)

A ₹79.25 lakh gratuity deduction was initially denied after the taxpayer reported it under the wrong ITR schedule and omitted it from Form 3CD. ITAT Chennai ruled that a genuine Section 43B claim cannot be denied merely because of an inadvertent reporting error.

​A ₹79.25 lakh gratuity deduction was initially denied after the taxpayer reported it under the wrong ITR schedule and omitted it from Form 3CD. ITAT Chennai ruled that a genuine Section 43B claim cannot be denied merely because of an inadvertent reporting error. by Soban News (international And National News)