HC directs tribunal to accept additional ground even if raised by way of oral request

VMT Spinning Co. Ltd. Vs. CIT (Punjab & Haryana High Court) The present appeal under section 260-A of the Income Tax Act, 1961 (for short ‘the Act’), which pertains to the assessment year 2007-08, is at the instance of the assessee impugning therein the order passed by the Income Tax Appellate Tribunal, Division Bench, Chandigarh (for short ‘the Tribunal’). The appeal is admitted on the following substantial questions of law — “(i) Whether in facts and circumstances of the case, the Income Tax Appellate Tribunal was correct in law in holding that the Grounds of Appeal r...