https://www.taxtmi.com/caselaws?id=11275 The Appellate Tribunal allowed the assessee to raise an additional ground challenging the Commissioner of Income-tax (Appeals)' finding on profits under section 41(2). The Tribunal correctly exercised its discretion in permitting this. The court found that the Commissioner's findings are not binding on the Assessing Officer due to statutory provisions. The court ruled in favor of the assessee regarding the deletion of Rs. 55,21,856 from the total income for the assessment year 1972-73, stating that the amount should be taxed in the following year when it became due, emphasizing the importance of the amount being ascertained and enforceable. en-us Fri, 21 Mar 2003 00:00:00 +0530 Tue, 04 Aug 2009 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11275 The Appellate Tribunal allowed the assessee to raise an additional ground challenging the Commissioner of Income-tax (Appeals)' finding on profits under section 41(2). The Tribunal correctly exercised its discretion in permitting this. The court found that the Commissioner's findings are not binding on the Assessing Officer due to statutory provisions. The court ruled in favor of the assessee regarding the deletion of Rs. 55,21,856 from the total income for the assessment year 1972-73, stating that the amount should be taxed in the following year when it became due, emphasizing the importance of the amount being ascertained and enforceable. Case-Laws Income Tax Fri, 21 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11275