Appellate authorities have jurisdiction to entertain new claim: ITAT Ahmedabad

Arvind Limited Vs DCIT (ITAT Ahmedabad) ITAT Ahmedabad held that appellate authority has jurisdiction to entertain new claim. Accordingly, additional claim for deduction on account of ESOP is allowed. Accordingly, appeal allowed to that extent. Facts- The assessee is engaged in the business of textile, brands, retail, engineering, water treatment, telecom and advanced materials sectors, amongst others. The assessee had filed revised return on 30.03.2019, declaring total income at Rs.243,07,47,560/- under normal provision of the Act and Book profit u/s 115JB of the Act for Rs.268,92,45,043/-. T...