Fresh Verification of New Deduction claim

The Income Tax Appellate Tribunal, Mumbai Bench restored the assessee's claim for deduction under Section 32AC of the Income-tax Act to the Assessing Officer for fresh verification. 

The Tribunal held that after admitting an additional claim during appellate proceedings, the CIT(A) cannot subsequently reject it solely on grounds of delay or the assessee's conduct. 

The Tribunal also upheld the principle that disallowance under Section 14A cannot exceed the exempt income earned during the relevant assessment year. The decision strengthens taxpayers' right to raise legitimate statutory claims before appellate authorities.