Restriction Imposed on AO in Accepting New Claim otherwise than Through Return or Revised Return of Income not Applicable to Higher Appellate Authorities: ITAT Allows Deduction u/s 54 of Income Tax Act [Read Order]

By Fathima Karama A.M - On August 21, 2023 6:00 am - 2 mins read
Restriction Imposed on AO in Accepting New Claim otherwise than Through Return - Revised Return of Income - Higher Appellate Authorities - ITAT Allows Deduction - Income Tax Act - Income Tax - taxscan

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has allowed the deduction under Section 54 of the Income Tax Act holding that the restrictions on AO in accepting new claims otherwise than through the return of income or revised return of income would not be applicable to higher appellate authorities. The deceased assessee, Gurdip…

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