CIT(A) Can Entertain Fresh Legal Claims if Legally Sustainable: Delhi HC

International Tractors Ltd Vs DCIT (LTU) & Anr (Delhi High Court) In a significant ruling for corporate taxpayers, the Delhi High Court has set aside an order by the Income Tax Appellate Tribunal (ITAT) that had remanded the claims of International Tractors Ltd. back to the Assessing Officer (AO). The High Court reinstated the decision of the Commissioner of Income Tax (Appeals) [CIT(A)], which had allowed deductions under Section 80JJAA of the Income Tax Act, 1961, and for prior period expenses for Assessment Year (AY) 2007-08. The judgment, delivered by the Delhi High Court, reinforces t...