https://www.taxtmi.com/caselaws?id=63202 The Tribunal upheld the denial of relief under section 80-O of the IT Act, 1961, due to non-compliance with approval requirements. The appeal was dismissed as the additional grounds raised by the assessee, including investment allowance and treatment of income from sale of import entitlements, were found to lack factual support and were not raised at earlier stages of the proceedings. The Tribunal emphasized the importance of having material on record to support claims and ruled that without such support, additional grounds cannot be considered at the appellate stage. en-us Tue, 13 Dec 1988 00:00:00 +0530 Fri, 28 Jan 2011 13:40:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63202 The Tribunal upheld the denial of relief under section 80-O of the IT Act, 1961, due to non-compliance with approval requirements. The appeal was dismissed as the additional grounds raised by the assessee, including investment allowance and treatment of income from sale of import entitlements, were found to lack factual support and were not raised at earlier stages of the proceedings. The Tribunal emphasized the importance of having material on record to support claims and ruled that without such support, additional grounds cannot be considered at the appellate stage. Case-Laws Income Tax Tue, 13 Dec 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63202