Fresh appellate tax claims cannot be rejected for lack of revised return; agricultural-land exemption remitted for merits review.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....A fresh claim for exemption on sale of agricultural land cannot be rejected merely because it was not made through a revised return. The Tribunal treated Goetze (India) as confined to the Assessing Officer's power and held that an appellate authority may examine a fresh claim already supported by material on record; the exemption issue was remitted for decision on merits. On the housing project deduction, the direction to verify whether the flats met the 1,500 sq. ft. built-up area condition was upheld as a limited compliance check.....