https://www.taxtmi.com/caselaws?id=469492 An appellate authority cannot entertain fresh claims for treating income as short-term capital gains and seeking consequential set-off or recomputation when those claims were not made in the return, during assessment, or by revised return. The principle allowing an additional ground in appeal does not extend to a debatable claim requiring factual investigation, especially where it was not part of the assessment record and no change in law or circumstances is shown. On these facts, the appellate authority exceeded its jurisdiction by admitting the new claims, and the Revenue succeeded on the issue. en-us Fri, 11 Apr 2014 00:00:00 +0530 Fri, 19 Jun 2026 12:03:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469492 An appellate authority cannot entertain fresh claims for treating income as short-term capital gains and seeking consequential set-off or recomputation when those claims were not made in the return, during assessment, or by revised return. The principle allowing an additional ground in appeal does not extend to a debatable claim requiring factual investigation, especially where it was not part of the assessment record and no change in law or circumstances is shown. On these facts, the appellate authority exceeded its jurisdiction by admitting the new claims, and the Revenue succeeded on the issue. Case-Laws Income Tax Fri, 11 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469492