Set-off not claimed in return can be claimed during assessment

IN THE ITAT HYDERABAD BENCH ‘A’ Smt. Girija Reddy V/s. Income-tax Officer IT Appeal No. 297 (Hyd.) of 2012 SA No. 56 (Hyd.) of 2012 [Assessment year 2008-09] May 25, 2012 ORDER Chandra Poojari, Accountant Member This appeal by the assessee is directed against the order of the CIT(A)-IV, Hyderabad dated 31.1.2012 for assessment year 2008-09. 2. The assessee raised the following grounds of appeal: “1.  The order of the learned CIT(A) is not only erroneous both on facts and in law but is perverse.  2.  The learned CIT(A) erred in holding that there is a trans...