Income Tax Act, 1961

--Appeal [Tribunal]--Additional not ground Admissibility--Assessee had not shown its bona fides and good reasons in not raising plea in assessment and lower appellate authority in case of validity of reopening of assessment. It was found from cognant evidence that assessee was very well aware of its right to raise objection since very beginning and it had not preferred to exercise same, it was not entitled to seek leave for challenging legality of reopening of assessment and more so, in second appeal before this Tribunal.

Income Tax Act, 1961, Section 254(3)

ITAT Rules, 1961, Rule 46A

Income Tax Act, 1961

--Business deduction under section 36(1)(vii)--Bad debts Requirement under section 36(2)--

Income Tax Act, 1961, Sections 36(1)(vii), 36(2)(viia)

Income Tax Act, 1961

--Business income--Profits chargeable under section 41(1) Stale draft amount--

Income Tax Act, 1961, Section 41(1)

Income Tax Act, 1961

--Business income--Profit chargeable to tax under section 41(1) Surplus in auction of jewellery--

Income Tax Act, 1961, Section 41(1)

Income Tax Act, 1961

--Income --Addition Cash in excess--

Income Tax Act, 1961, Section 4

Income Tax Act, 1961

--Business expenditureAllowability Provision for depreciation--

Income Tax Act, 1961, Section 37(1)

Income Tax Act, 1961

--Business expenditure--Disallowance under section 14A Expenditure against exempt dividend income--

Income Tax Act, 1961, Section 14A

Income Tax Act, 1961

--Business expenditure--Pension Pension paid directly to pensioners, ex-employees of assessee bank --

Income Tax Act, 1961, Sections 36(1)(iv), 37(1)