1

Commissioner (A) is not empowered to enhance income a new source of income vide 82ITR 9Trib) 176
1

It is assessee’s choice to select a method for determining FMV of shares vide 81 ITR (Trib) (SN) 78
1

No TP adjustment of trade receivables in case of a debt-free company vide 81ITR (Trib) (SN) 94
1

To accord registration as a charitable institution under income tax dominant purpose must be charitable and satisfies the conditions laid down us 2(15) vide 426ITR108 despite having non charitable ancillary objects meant to achieve the dominant purpose
1

Transactions with dubious entities is reason enough for case reopening vide 421ITR624

Fresh claims

ByCA Gopal Nathani

Jul 15, 2021

The Commissioner of Income-tax (Appeals) has powers to entertain fresh claims even when one misses on a claim in the return, reaffirms High Court in [2021] 435 ITR 85 (Del).

Once a fresh claim is admitted by the CIT(A) there is no going back to the AO and the CIT(A) can verify the material placed before him before allowing the claim.

In this case the High Court turned down the ITAT order of remand to the AO after the CIT(A) order admitting and adjudicatinga fresh claim made before him.