2006 (3) TMI 75 - SUPREME COURT

Whether the appellant assessee could make a claim for deduction other than by filing a revised return - held that the power of the Tribunal under section 254, is to entertain for the first time a point of law provided the fact on the basis of which the issue of law can be raised before the Tribunal. The decision does not in any way relate to the power of the AO to entertain a claim for deduction otherwise than by filing a revised return - appeal is dismissed