https://www.taxtmi.com/caselaws?id=345757 The Court held that the Tribunal was justified in excluding deemed Capital Gain Income of the Trust from Total Income without the Trust claiming such exclusion in its Return of Income or filing a Revised Return. The Court emphasized that Assessees can raise additional claims before Appellate Authorities without revising returns, as established in precedent cases. As the genuineness of transactions was not disputed and no adverse findings were made during Assessment, the Court found no substantial question of law and dismissed the appeal without costs. en-us Mon, 17 Jul 2017 00:00:00 +0530 Wed, 26 Jul 2017 08:16:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345757 The Court held that the Tribunal was justified in excluding deemed Capital Gain Income of the Trust from Total Income without the Trust claiming such exclusion in its Return of Income or filing a Revised Return. The Court emphasized that Assessees can raise additional claims before Appellate Authorities without revising returns, as established in precedent cases. As the genuineness of transactions was not disputed and no adverse findings were made during Assessment, the Court found no substantial question of law and dismissed the appeal without costs. Case-Laws Income Tax Mon, 17 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345757