https://www.taxtmi.com/caselaws?id=424725 The Tribunal condoned the delay in filing the appeal due to the pandemic and admitted it for disposal on merits. The case revolved around the claim of exemption u/s.54B of the Income-tax Act, where the Tribunal clarified the authority of the AO and appellate authorities in considering claims made outside the return. Despite the claim being made during assessment proceedings, the Tribunal found it eligible and determined that the assessment order was not erroneous, leading to the appeal being allowed. en-us Tue, 05 Jul 2022 00:00:00 +0530 Thu, 07 Jul 2022 09:06:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424725 The Tribunal condoned the delay in filing the appeal due to the pandemic and admitted it for disposal on merits. The case revolved around the claim of exemption u/s.54B of the Income-tax Act, where the Tribunal clarified the authority of the AO and appellate authorities in considering claims made outside the return. Despite the claim being made during assessment proceedings, the Tribunal found it eligible and determined that the assessment order was not erroneous, leading to the appeal being allowed. Case-Laws Income Tax Tue, 05 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424725