https://www.taxtmi.com/caselaws?id=409685 Assessment under section 153A is not a de novo proceeding, so an assessee cannot ordinarily raise a fresh deduction or expenditure claim for the first time if it was not made in the original completed assessment. Applying that principle and following Jai Steels, the HC upheld the Tribunal's refusal to entertain the new claim and decided the issue in favour of the Revenue. The court also found no error in the Tribunal's confirmation of the disallowance under section 14A and held that no substantial question of law arose for interference, again in favour of the Revenue. en-us Tue, 06 Jul 2021 00:00:00 +0530 Wed, 14 Jul 2021 06:28:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409685 Assessment under section 153A is not a de novo proceeding, so an assessee cannot ordinarily raise a fresh deduction or expenditure claim for the first time if it was not made in the original completed assessment. Applying that principle and following Jai Steels, the HC upheld the Tribunal's refusal to entertain the new claim and decided the issue in favour of the Revenue. The court also found no error in the Tribunal's confirmation of the disallowance under section 14A and held that no substantial question of law arose for interference, again in favour of the Revenue. Case-Laws Income Tax Tue, 06 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409685