https://www.taxtmi.com/caselaws?id=259195 The Tribunal upheld the CIT(A)'s decision, allowing the assessee's deduction under Section 54 despite initially claiming it under the wrong section. The Tribunal emphasized that clerical errors should not deny rightful relief to taxpayers and referred to CBDT Circular No.14, requiring officers to assist taxpayers in claiming deductions. The appeal by the Revenue was dismissed, affirming the CIT(A)'s order and rejecting the AO's disallowance of the deduction under Section 54. en-us Fri, 23 Jan 2015 00:00:00 +0530 Mon, 04 May 2015 06:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259195 The Tribunal upheld the CIT(A)'s decision, allowing the assessee's deduction under Section 54 despite initially claiming it under the wrong section. The Tribunal emphasized that clerical errors should not deny rightful relief to taxpayers and referred to CBDT Circular No.14, requiring officers to assist taxpayers in claiming deductions. The appeal by the Revenue was dismissed, affirming the CIT(A)'s order and rejecting the AO's disallowance of the deduction under Section 54. Case-Laws Income Tax Fri, 23 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259195