https://www.taxtmi.com/caselaws?id=768429 ITAT Mumbai upheld CIT(A)'s decision allowing deduction u/s 54F despite assessee not claiming it in original return or filing revised return. Tribunal relied on SC precedent in National Thermal Power Co. Ltd. establishing that appellate authorities can consider fresh claims tenable in law when relevant material is available on record. Revenue's appeal against allowing the deduction was dismissed, with tribunal finding no infirmity in CIT(A)'s approach to entertain and allow the claim. en-us Thu, 07 Nov 2024 00:00:00 +0530 Mon, 07 Apr 2025 19:03:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768429 ITAT Mumbai upheld CIT(A)'s decision allowing deduction u/s 54F despite assessee not claiming it in original return or filing revised return. Tribunal relied on SC precedent in National Thermal Power Co. Ltd. establishing that appellate authorities can consider fresh claims tenable in law when relevant material is available on record. Revenue's appeal against allowing the deduction was dismissed, with tribunal finding no infirmity in CIT(A)'s approach to entertain and allow the claim. Case-Laws Income Tax Thu, 07 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768429