https://www.taxtmi.com/caselaws?id=289949 In reassessment under section 147 of the Income-tax Act, an assessee may raise an alternative claim for deduction under section 10A in respect of income already linked to an earlier section 10B claim, because reassessment is confined to escaped income and the assessee may contest the taxability of that same item. The earlier failure to claim section 10A in the original return does not by itself bar examination of the statutory benefit if it directly relates to the escaped income. The Assessing Officer must fairly consider the material supporting the deduction claim and examine it afresh. en-us Tue, 27 Feb 2018 00:00:00 +0530 Thu, 14 Nov 2024 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289949 In reassessment under section 147 of the Income-tax Act, an assessee may raise an alternative claim for deduction under section 10A in respect of income already linked to an earlier section 10B claim, because reassessment is confined to escaped income and the assessee may contest the taxability of that same item. The earlier failure to claim section 10A in the original return does not by itself bar examination of the statutory benefit if it directly relates to the escaped income. The Assessing Officer must fairly consider the material supporting the deduction claim and examine it afresh. Case-Laws Income Tax Tue, 27 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289949