https://www.taxtmi.com/caselaws?id=8349 The High Court held that the Appellate Assistant Commissioner (AAC) has jurisdiction to entertain claims related to items of income or deductions subjected to the assessment process by the Income-tax Officer (ITO). The AAC's powers extend to revising these items, even if not raised before the ITO. In this case, the AAC should have entertained the claim for exemption under Section 84, as the profit portion in question was part of the assessed subject-matter. The Court directed the Commissioner to bear the costs of the reference to the assessee. en-us Mon, 13 Sep 1971 00:00:00 +0530 Fri, 10 Apr 2009 16:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8349 The High Court held that the Appellate Assistant Commissioner (AAC) has jurisdiction to entertain claims related to items of income or deductions subjected to the assessment process by the Income-tax Officer (ITO). The AAC's powers extend to revising these items, even if not raised before the ITO. In this case, the AAC should have entertained the claim for exemption under Section 84, as the profit portion in question was part of the assessed subject-matter. The Court directed the Commissioner to bear the costs of the reference to the assessee. Case-Laws Income Tax Mon, 13 Sep 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8349