Consider new claims of Assessee made before Appellate Authorities without revising Return: ITAT directs AO

Tolani Shipping Co. Ltd. Vs DCIT (ITAT Mumbai)

The issue under consideration is whether the assessee is seeking change in Income Tax Return by way of raising additional grounds of appeal in front of the tribunal and not filing Revised return will be entertained by the Tribunal?

ITAT states that, in additional grounds of appeal, the assessee is seeking exclusion of all the above stated items while computing book profits Please become a Premium member. If you are already a Premium member, login here to access the full content.