Assesse must satisfy the appellate authority that ground now raised was bona fide and could not have been raised earlier for good reasons

1] This appeal under Section 260A of the Income Tax Act, 1961 (hereinafter referred to as the Act) challenges the order dated 20th February, 2014 of the Income Tax Appellate Tribunal (hereinafter referred to as the Tribunal). The assessment year involved is A.Y. 2008-­09.

2] The appellant assessee has urged only the following question of law for our consideration :­

Whether on the facts and in the circumstances of the case and in law, the Tribunal erred in refusing to admit the additional ground of the appellant of claim of deduction under Section 80IA of  the Act on  the income earned  by the Appellant on operation and maintenance of the Jetty / Port?

3] On 29th  March, 2017, at the request of the parties, the Court while adjourning the appeal had recorded  the fact that the appeal itself  could  be disposed of finally at the stage of admission.

4] We admit the above question at paragraph no.2 above as giving rise to substantial question of law. At the instance and request of the parties, we take up the appeal itself for final disposal.

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