Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2012 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (8) TMI 388 - AT - Income TaxAdmission of additional evidence - requirements of Rule 46A – Held that:- new evidence filed by the assessee from the government agency and the same are essential for disposal of the appeal - CIThas considered the new evidence and the facts and circumstances of the case in entirety and validly, after recording reasons, admitted the new evidences Addition on account of unexplained addition to capital account – Held that:- copy of the capital account is available wherein amount on account of remittance from LIC of India and amount on account of constituency allowance received by the assessee is mentioned - addition has been deleted on the basis of corroborative evidence – against revenue Unexplained cash credit –Held that:- Assessee establish the identity & creditworthiness of the investor and genuineness of the transaction - Shri Gurdip Singh is assessed to income tax and he has confirmed the loan granted to the assessee and further quoted his PAN number – addition deleted
|