Dismissing the appeal of the revenue the Court held that the Tribunal had rightly dealt with claims of assessee on merits and had rightly allowed deduction even though same was not claimed in original return and there was no need to remand matter as claim was not adjudicated earlier. (AY. 2002-03)
CIT v. Shaw Wallace Distilleries Ltd. (2021) 278 Taxman 67 (Karn.) (HC)
S. 37(1) : Business expenditure-Claim not made in original return-Prior period expenses-Allowable as deduction-Issue not to be remitted back to the Assessing Officer. [S. 43B, 254(1), R. 46A(3)]