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2021 (2) TMI 786 - ITAT DELHINon admission of additional evidence of evidence by CIT-A - Unexplained credit u/s. 68 - unsecured loans - As argued there was no fresh loans raised by the appellant in the instant year and therefore the sum outstanding at the close of the year on account of purchases made by the appellant could neither in law and nor on fact be regarded as unexplained credit u/s. 68 - AR submitted that the CIT(A) erred in not admitting the additional evidence filed by the assessee under Rule 46 A read with Section 250(4) - HELD THAT:- It is pertinent to note that the CIT(A) without assigning any particular reasons has rejected the additional evidence which goes to the root of the matter. We therefore, direct the CIT(A) to admit the additional evidence and to decide the issue afresh after taking cognizance of the evidences filed by the assessee. Needless to say, the assessee be given opportunity of hearing by following principles of natural justice. The appeal of the assessee is partly allowed for statistical purpose.
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