https://www.taxtmi.com/caselaws?id=37904 Permission to raise an additional ground before the Tribunal is discretionary, and may be refused where the point depends on fresh factual inquiry or material not already on record; here, the refusal was justified because the assessee sought to rely on departmental records not before the Tribunal. Under the Indian Income-tax Act, 1922, the completed assessment of partners on their shares of profit does not bar a later assessment of the firm, because the statutory scheme, including the rectification mechanism in section 35(5), contemplates adjustment of partner assessments after the firm's assessment. The firm's assessment was therefore valid in law, and the challenge failed. en-us Mon, 05 Aug 1974 00:00:00 +0530 Thu, 01 Apr 2010 16:46:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37904 Permission to raise an additional ground before the Tribunal is discretionary, and may be refused where the point depends on fresh factual inquiry or material not already on record; here, the refusal was justified because the assessee sought to rely on departmental records not before the Tribunal. Under the Indian Income-tax Act, 1922, the completed assessment of partners on their shares of profit does not bar a later assessment of the firm, because the statutory scheme, including the rectification mechanism in section 35(5), contemplates adjustment of partner assessments after the firm's assessment. The firm's assessment was therefore valid in law, and the challenge failed. Case-Laws Income Tax Mon, 05 Aug 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37904