S. 254 Tribunal can consider the plea not raised before CIT (A)

Brief of the case Delhi High Court has held In the case of Fast Booking (I) Pvt. Ltd. Vs. DCIT that Under Section 254 Tribunal has inherent power to entertain alternative plea of which was not urged before CIT(A). High Court Directed the Tribunal to consider the Plea of the Assessee that in case he is denied benefit under section 10B than he should be allowed the same under section 10A of which he is satisfying the conditions. High Court Relied on the Delhi High Court Judgments in the case of CIT v. Edward Keventer (Successors) Pvt. Ltd. (1980) 123 ITR 200 & on Supreme Court Judgment in th...