https://www.taxtmi.com/caselaws?id=410438 The Tribunal allowed the appeal for statistical purposes, directing the Assessing Officer to re-examine the additional claim of exemption under section 54B. The Tribunal held that appellate authorities have the power to admit additional claims even without a revised return of income, citing relevant legal precedents. The decision emphasized the importance of due process, granting the assessee an opportunity to provide necessary information and evidence in support of the claim during a virtual court hearing. en-us Fri, 16 Jul 2021 00:00:00 +0530 Mon, 02 Aug 2021 09:03:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410438 The Tribunal allowed the appeal for statistical purposes, directing the Assessing Officer to re-examine the additional claim of exemption under section 54B. The Tribunal held that appellate authorities have the power to admit additional claims even without a revised return of income, citing relevant legal precedents. The decision emphasized the importance of due process, granting the assessee an opportunity to provide necessary information and evidence in support of the claim during a virtual court hearing. Case-Laws Income Tax Fri, 16 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410438