https://www.taxtmi.com/caselaws?id=417975 The Tribunal upheld the CIT(A)'s decision to allow the deduction under Section 54B, despite not being claimed in the return, based on the assessee's bona fide belief. The revenue's appeal was dismissed, affirming the appellate authorities' jurisdiction to consider new claims. The assessee's cross-objection was also dismissed. en-us Wed, 02 Feb 2022 00:00:00 +0530 Sat, 05 Feb 2022 08:26:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417975 The Tribunal upheld the CIT(A)'s decision to allow the deduction under Section 54B, despite not being claimed in the return, based on the assessee's bona fide belief. The revenue's appeal was dismissed, affirming the appellate authorities' jurisdiction to consider new claims. The assessee's cross-objection was also dismissed. Case-Laws Income Tax Wed, 02 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417975