Appellate Authorities can accept Additional Claim under Section 54

Smt. Monika Jain Vs ITO (ITAT Delhi) The issue under consideration is whether the additional claim (section 54 exemption Claim) will be allowed to be presented in front of appellate authorities? ITAT states that, the Assessing Officer has been barred from accepting any new claims, but no such bar has been imposed on the appellate authorities, including the first appellate authority. The assessee is in second round of the litigation and claim of the assessee for deduction under section 54 of the Act has not been decided properly and its evidence of investment or booking has not been examined in...