Bombay High Court Allows Tax Appeal in Income Tax Case — CIT(A) Has Power to Adjudicate Fresh Claims Not Raised in Revised Return or During Assessment. The court held that the CIT(A) under sections 246A and 250 of the Income Tax Act, 1961 can entertain fresh claims even if not made in revised return or during assessment, and the ITAT erred in holding otherwise.
5 Feb 2020The appellant, M/s. Siva Equipment Pvt. Ltd., filed its return for assessment year 2009-2010 declaring nil income. The Assessing Officer (AO) passed a...
