https://www.taxtmi.com/caselaws?id=69982 The Tribunal denied the assessee's claim for deduction under sec. 35B in reassessment proceedings. While some expenses were deemed eligible, the Tribunal emphasized the importance of timely claim submission and rejected the claim not raised during the original assessment. The reassessment process allows for a fresh assessment of total income, but the claim for deduction must be made within prescribed timelines. The Tribunal upheld the Revenue's objection, highlighting the failure to drop reassessment proceedings by showing correct tax liability, ultimately denying the full deduction claim under sec. 35B. en-us Fri, 09 Sep 1988 00:00:00 +0530 Wed, 13 Apr 2011 12:03:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69982 The Tribunal denied the assessee's claim for deduction under sec. 35B in reassessment proceedings. While some expenses were deemed eligible, the Tribunal emphasized the importance of timely claim submission and rejected the claim not raised during the original assessment. The reassessment process allows for a fresh assessment of total income, but the claim for deduction must be made within prescribed timelines. The Tribunal upheld the Revenue's objection, highlighting the failure to drop reassessment proceedings by showing correct tax liability, ultimately denying the full deduction claim under sec. 35B. Case-Laws Income Tax Fri, 09 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69982