Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2012 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (10) TMI 849 - AT - Income TaxIn genuine brokerage - CIT(A) allowed the claim on admitting additional evidence u/r 46A - Held that:- On perusal of the record, it is found that AO has issued notice u/s 143(2) on 16.09.2009. He completed the assessment on 21.12.2009, meaning thereby the proceeding was alive only for a period of three months. The assessee has submitted before the AO that parties may not be easily accessible after a time gap. With one party, it had dealt with only once. Thus taking into consideration this aspect observed that assessee was prevented by sufficient reasons for not producing the evidence its case falls within the ambit of Rule I of Rule 46A. No reason to interfere in the order of CIT(A)and thereafter rightly deleted the addition - in favour of assessee.
|