https://www.taxtmi.com/caselaws?id=800110 Section 254 appellate jurisdiction permits the Tribunal to admit a Section 54F deduction claim not made in the reassessment return or before the Assessing Officer; the revised-return restriction applies to the Assessing Officer, not the Tribunal. A reasonable explanation supported admission because the assessee had initially disputed taxability of the capital gain and had not raised the alternative deduction claim. As factual eligibility and statutory conditions had not been examined, the Section 54F claim was remitted for verification of supporting evidence and adjudication in accordance with law. en-us Wed, 23 Sep 2026 00:00:00 +0530 Thu, 01 Oct 2026 07:40:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800110 Section 254 appellate jurisdiction permits the Tribunal to admit a Section 54F deduction claim not made in the reassessment return or before the Assessing Officer; the revised-return restriction applies to the Assessing Officer, not the Tribunal. A reasonable explanation supported admission because the assessee had initially disputed taxability of the capital gain and had not raised the alternative deduction claim. As factual eligibility and statutory conditions had not been examined, the Section 54F claim was remitted for verification of supporting evidence and adjudication in accordance with law. Case-Laws Income Tax Wed, 23 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800110