https://www.taxtmi.com/caselaws?id=20621 HC held that the Tribunal lacked jurisdiction to entertain, at second-appeal stage, a new additional ground challenging chargeability of capital gains that had been admitted and never disputed before the Appellate Assistant Commissioner, absent any justification for the earlier omission. Consequently, the Tribunal could not reopen or grant relief on that item of assessment, and the question of the correct year of taxability of capital gains did not arise for consideration. However, HC reaffirmed the earlier Division Bench ruling that interest on enhanced compensation for the relevant year was not taxable, thereby sustaining relief to the assessee on that limited issue. en-us Wed, 21 Apr 1993 00:00:00 +0530 Fri, 12 Dec 2025 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20621 HC held that the Tribunal lacked jurisdiction to entertain, at second-appeal stage, a new additional ground challenging chargeability of capital gains that had been admitted and never disputed before the Appellate Assistant Commissioner, absent any justification for the earlier omission. Consequently, the Tribunal could not reopen or grant relief on that item of assessment, and the question of the correct year of taxability of capital gains did not arise for consideration. However, HC reaffirmed the earlier Division Bench ruling that interest on enhanced compensation for the relevant year was not taxable, thereby sustaining relief to the assessee on that limited issue. Case-Laws Income Tax Wed, 21 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20621