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2021 (5) TMI 210 - AT - Income TaxUnexplained bank deposits - admission of additional evidences - assessee explained the source of cash deposits as sale proceeds of the property sold in the capacity of GPA holder - assessee filed a petition for admission of additional evidence along with a copy of sale deed - HELD THAT:- We are of the view that the assessee's request for admission of additional evidence needs to be considered favourably. Accordingly, we admit the additional evidence and remit the matter back to the file of the Ld. CIT(A) to decide the appeal on merits after considering the additional evidence submitted by the assessee. The assessee is directed to submit the necessary information and cooperate with Ld. CIT(A) in disposing the appeal. We may clarify that in case of further failure or default by the assessee before the Ld. Commissioner then in that eventuality the assessee shall not be entitled for any leniency and the Ld. Commissioner shall be at liberty to decide the appeal of the assessee in accordance with law, while considering the peculiar facts and circumstances of the case. - Assessee appeal allowed for statistical purpose.
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