Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2022 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (8) TMI 627 - AT - Income TaxRevision u/s 263 - addition u/s 68 - unexplained cash credit - AO was of the opinion that the agricultural income shown by the assessee is not actually representing from the agricultural operations and therefore the same was treated as unexplained cash credit - Submission of additional evidences - additional evidence cannot be placed by the assessee for the admission before the Tribunal as a matter of right - HELD THAT:- Additional evidences were collected from the 3rd parties and the assessee has put lot of efforts in obtaining the same from the concern parties. Furthermore, we note that these additional documents filed by the assessee go to the root of the matter and therefore in the interest of justice and fair play, the consideration of these documents at the end of the AO is necessary. Accordingly, we exercise our power granted under rule 29 of ITAT rules and admit these additional evidences and set aside the issue to the file of the AO for fresh adjudication as per the provisions of law and in the light of the additional evidences as discussed above. Hence the ground of appeal of the assessee is allowed for the statistical purposes.
|