Assessee Can Raise new Claims Before AO Even After Revised Return Deadline

Jamshedpur Transport Co. Ltd. Vs ITO (ITAT Kolkata) Assessee filed its return of income and the  the assessment framed u/s 143(3),  resulting in an addition of Rs.55,000/- to the declared income. While framing the assessment order, no specific issue was discussed by the AO regarding the addition  madeto the total income of the assessee.  the assessment order is silent on disallowance relating to Rs.55,000/- as made by the AO. During the course of assessment proceedings, the assessee stated by a letter   that expenditure on account of club entrance fees of Rs.11.80 lakhs had been added ba...