Tribunal held that even if no revised return filed, Assessee can claim exemption before appellate authorities. Claim under section 54F which was made first time before Appellate Authority ,admitted and directed the Assessing Officer to allow the claim in accordance with law . ( AY.2006-07)
Thimmareddy Krishnareddy v. ITO (2021) 85 ITR 22 (SN)(Bang) (Trib)
S. 254(1) : Appellate Tribunal- Powers-Even if no revised return filed, Assessee can claim exemption before appellate authorities — Claim under section 54F which was made first time before Appellate Authority ,admitted and directed the Assessing Officer to allow the claim in accordance with law [ S.54F ]