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

The ITAT ruled that a taxpayer cannot be denied the benefit of deductions under Section 80C merely due to the incorrect filing of ITR-5 instead of ITR-2. The tribunal emphasized that the technical error should not override the taxpayer’s substantive right to claim the deduction, provided the conditions of Section 80C are met. This decision underlines the importance of focusing on the merits of a case rather than procedural lapses, ensuring fair treatment of taxpayers.