ITAT ignores clerical error

The Income Tax Appellate Tribunal (ITAT), Nagpur Bench, has held that a genuine deduction under Section 80P cannot be denied merely because the assessee inadvertently selected the wrong clause while filing its income tax return. 

The Tribunal reaffirmed that substantive tax benefits cannot be defeated by a technical or clerical error, particularly where the eligibility for deduction is otherwise undisputed.