Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2017 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (8) TMI 29 - AT - Income TaxAddition on account of interest on nonperforming assets - admission of additional evidence rejected - Held that:- As decided in the case of Sh. Shanker Khandsari Sugar Mills versus CIT [1991 (3) TMI 74 - KARNATAKA High Court] the appellate authority should have accepted the material produced by the assessee as clarificatory in nature and considered the same to test the fairness and propriety of the estimate of income made by the income tax officer. Though it was about belated production of very relevant material, no prejudice (in its legal sense) would have resulted to the revenue by considering the material produced by the assessee. We deem it fit to restore the issue to the file of the AO to decide the issue afresh after considering the relevant documents to be filed by the assessee and after giving due opportunity of being heard to the assessee.
|