https://www.taxtmi.com/caselaws?id=253130 The court held that the rejection of additional grounds of appeal regarding market development expenses by the Income Tax Appellate Tribunal was erroneous. It concluded that the omission to claim the expenses was not willful or unreasonable, allowing the appellant, a cement manufacturing company, to raise the additional ground. The court emphasized the appellate authority's power to consider new grounds affecting the tax liability of the assessee. The order of the Tribunal was set aside, and the matter was remanded to the Commissioner of Income Tax (Appeals) for reconsideration, ultimately ruling in favor of the appellant. en-us Wed, 17 Sep 2014 00:00:00 +0530 Thu, 13 Aug 2015 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253130 The court held that the rejection of additional grounds of appeal regarding market development expenses by the Income Tax Appellate Tribunal was erroneous. It concluded that the omission to claim the expenses was not willful or unreasonable, allowing the appellant, a cement manufacturing company, to raise the additional ground. The court emphasized the appellate authority's power to consider new grounds affecting the tax liability of the assessee. The order of the Tribunal was set aside, and the matter was remanded to the Commissioner of Income Tax (Appeals) for reconsideration, ultimately ruling in favor of the appellant. Case-Laws Income Tax Wed, 17 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253130