Assessee may claim expenses for abandoned project in appeals if justified; liberal interpretation of "could not have been raised.

Assessee may claim expenses for abandoned project in appeals if justified; liberal interpretation of "could not have been raised. https://www.taxtmi.com/highlights?id=51626 Additional ground - Claim of expenditure incurred on abundant project - assessee could not inadvertently make the aforesaid claim in the return of income - The words 'could not have been raised' must be construed liberally and not strictly. There may be several factors justifying the raising of a new plea in an appeal and each case must be considered on its own facts. en-us Fri, 07 Feb 2020 10:50:17 +0530 Fri, 07 Feb 2020 10:50:17 +0530 TaxTMI RSS Generator Assessee may claim expenses for abandoned project in appeals if justified; liberal interpretation of "could not have been raised. https://www.taxtmi.com/highlights?id=51626 Additional ground - Claim of expenditure incurred on abundant project - assessee could not inadvertently make the aforesaid claim in the return of income - The words 'could not have been raised' must be construed liberally and not strictly. There may be several factors justifying the raising of a new plea in an appeal and each case must be considered on its own facts. Highlights Income Tax Fri, 07 Feb 2020 10:50:17 +0530 https://www.taxtmi.com/highlights?id=51626