https://www.taxtmi.com/caselaws?id=412610 The Tribunal upheld the CIT(A)'s directive for the Assessing Officer to accept revised income through revised computation without the need for filing a revised return. Relying on the 'Goetze India Ltd.' case, the Tribunal clarified that the power to entertain such claims lies with the Assessing Authority, not the Tribunal. The Department's argument that a revised computation should be accompanied by a revised return was dismissed, with the Tribunal emphasizing the distinction in powers between the Assessing Officer and the Appellate Authority. Consequently, the Department's appeal was dismissed, affirming the CIT(A)'s decision. en-us Tue, 14 Sep 2021 00:00:00 +0530 Wed, 22 Sep 2021 09:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412610 The Tribunal upheld the CIT(A)'s directive for the Assessing Officer to accept revised income through revised computation without the need for filing a revised return. Relying on the 'Goetze India Ltd.' case, the Tribunal clarified that the power to entertain such claims lies with the Assessing Authority, not the Tribunal. The Department's argument that a revised computation should be accompanied by a revised return was dismissed, with the Tribunal emphasizing the distinction in powers between the Assessing Officer and the Appellate Authority. Consequently, the Department's appeal was dismissed, affirming the CIT(A)'s decision. Case-Laws Income Tax Tue, 14 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412610