New claim cannot be entertained by AO without a revised return: SC

Goetze (India) Ltd. Vs CIT (Supreme Court of India) The Supreme Court of India has addressed a procedural question under income tax law, ruling that an assessee cannot typically make a claim for a deduction during assessment proceedings simply by sending a letter to the Assessing Officer, without filing a revised return. Also Read: Assessee Can Raise new Claims Before AO Even After Revised Return Deadline The case, involving Goetze (India) Ltd. and the Commissioner of Income Tax (CIT), stemmed from the assessment year 1995-96. According to the court’s order, the appellant company had fi...