https://www.taxtmi.com/caselaws?id=461159 ITAT Bangalore held that CIT(A) lacked jurisdiction to entertain assessee's new claim for deduction u/s 10(23C)(vi) during reassessment proceedings. The tribunal ruled that reassessment u/s 147-148 only addresses income that escaped assessment, not new claims prejudicial to revenue interests. CIT(A) erroneously applied first proviso to section 143(3) and exceeded jurisdiction by admitting additional grounds. Following Sun Engineering Works precedent, concluded items unconnected with income escapement cannot be reviewed in reassessment. Matter remanded to CIT(A) for deciding merits of AO's additions. en-us Thu, 06 Apr 2023 00:00:00 +0530 Tue, 18 Mar 2025 10:20:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461159 ITAT Bangalore held that CIT(A) lacked jurisdiction to entertain assessee's new claim for deduction u/s 10(23C)(vi) during reassessment proceedings. The tribunal ruled that reassessment u/s 147-148 only addresses income that escaped assessment, not new claims prejudicial to revenue interests. CIT(A) erroneously applied first proviso to section 143(3) and exceeded jurisdiction by admitting additional grounds. Following Sun Engineering Works precedent, concluded items unconnected with income escapement cannot be reviewed in reassessment. Matter remanded to CIT(A) for deciding merits of AO's additions. Case-Laws Income Tax Thu, 06 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461159