Goetze (India) Ltd. vs Cit

The Supreme Court held that the assessing officer is not empowered to entertain a claim for deduction made outside the scope of a revised return under the Income Tax Act, 1961. The Court clarified that while the Income Tax Appellate Tribunal has the authority to consider new points of law under Section 254, this does not extend to allowing deductions not claimed in a revised return. Consequently, the appeal was dismissed, affirming the Tribunal's decision to uphold the assessing officer's disallowance of the deduction claim.