2023 (3) TMI 722 - AT - Income Tax

Assessment of trust - Addition of corpus donation - Second round of litigation before the AO, the assessee has not produced any new material or evidence, therefore, the AO once again made the addition - HELD THAT:- Since the assessee has not brought any fresh evidence/material before the AO or before the CIT(A) and also before us. Considering the fact that in compliance of the Tribunal’s order the report was submitted by the AO after considering all the contentions of the assessee in the rejoinder, the order has been passed by the AO and in the absence of any new material brought before us, we do not find any infirmity or error in the findings of the lower authorities. Accordingly, the grounds of appeal of the assessee failed and the appeal filed by the assessee is dismissed.