Appellate authority entitled to entertain fresh claim: ITAT Rajkot

Illaben Jayantkumar Doshi vs ITO (ITAT Rajkot) ITAT Rajkot held that appellate authorities have power to entertain fresh claim and accordingly, claim of erroneously addition to computation of income accepted and direction given to AO to determine taxable income of assessee afresh. Facts- Vide the present appeal, the appellant contested disallowance of proportionate interest u/s. 14A of the Income Tax Act. However, the appellant further contented that it is entitled to claim the deduction before the appellate authorities which was not claimed in the original or revised income-tax return but was...