Additional claim can be entertained by appellate authority

Manoj Valjibhai Bhayani Vs ITO (ITAT Surat) ITAT Surat held that Assessing Officer is not entitled to admit or entertain additional claim during the assessment proceedings, however the appellate authority has such jurisdiction to admit such additional claim. Facts- Assessee is an individual and engaged in the diamond brokerage business in diamond market at Surat. The case of assessee was reopened for assessment year 2008-09 on the basis of information that assessee made a share transaction of Rs.21,09,876/- in Religare Securities Pvt. Limited. AO was having reason to believe that income of ass...