https://www.taxtmi.com/caselaws?id=38700 A revisional authority exercising wide statutory powers under section 34 of the Kerala Agricultural Income-tax Act, 1950 must examine an exemption claim on its merits where the item is statutorily exempt, and cannot refuse relief merely because the claim was not made before the original assessing authority. Life insurance premia were specifically exempt under section 10(1)(e), so the omission to claim the exemption earlier did not confer taxability or defeat revisional jurisdiction to correct an assessment involving an item not liable to tax. The authority was therefore bound to reconsider the assessment on the basis that a statutory exemption may be raised at the revisional stage. en-us Mon, 28 Mar 1977 00:00:00 +0530 Thu, 08 Apr 2010 13:43:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38700 A revisional authority exercising wide statutory powers under section 34 of the Kerala Agricultural Income-tax Act, 1950 must examine an exemption claim on its merits where the item is statutorily exempt, and cannot refuse relief merely because the claim was not made before the original assessing authority. Life insurance premia were specifically exempt under section 10(1)(e), so the omission to claim the exemption earlier did not confer taxability or defeat revisional jurisdiction to correct an assessment involving an item not liable to tax. The authority was therefore bound to reconsider the assessment on the basis that a statutory exemption may be raised at the revisional stage. Case-Laws Income Tax Mon, 28 Mar 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38700