https://www.taxtmi.com/caselaws?id=470399 Appellate authorities may admit an additional ESOP-expenditure deduction claim not made in the return or revised return where examining it is necessary to determine the correct tax liability and does not require factual inquiry beyond the record. The restriction on an Assessing Officer admitting a fresh claim without a revised return does not limit appellate jurisdiction. The ESOP deduction issue is to be reconsidered on merits. Interest for deferment of advance tax under section 234C is to be computed with reference to tax chargeable on the total income declared in the return, after prescribed reductions. en-us Wed, 19 Mar 2025 00:00:00 +0530 Sat, 25 Jul 2026 15:29:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470399 Appellate authorities may admit an additional ESOP-expenditure deduction claim not made in the return or revised return where examining it is necessary to determine the correct tax liability and does not require factual inquiry beyond the record. The restriction on an Assessing Officer admitting a fresh claim without a revised return does not limit appellate jurisdiction. The ESOP deduction issue is to be reconsidered on merits. Interest for deferment of advance tax under section 234C is to be computed with reference to tax chargeable on the total income declared in the return, after prescribed reductions. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470399