https://www.taxtmi.com/caselaws?id=204765 The High Court upheld the admission of additional evidence by the Commissioner of Income-tax (Appeals) in a case involving a charitable trust's reassessment under section 68 of the Income-tax Act. The court directed the case to be remitted back to the Assessing Officer for verification of the documents, emphasizing a balance between allowing the trust to rely on the additional evidence and providing the Assessing Officer an opportunity to verify the evidence. The Assessing Officer was instructed to examine the veracity of the evidence and the trust's explanation regarding the repayment of unsecured loans, with acceptance of explanations leading to the disposal of the appeal. en-us Wed, 18 May 2011 00:00:00 +0530 Tue, 18 Dec 2012 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204765 The High Court upheld the admission of additional evidence by the Commissioner of Income-tax (Appeals) in a case involving a charitable trust's reassessment under section 68 of the Income-tax Act. The court directed the case to be remitted back to the Assessing Officer for verification of the documents, emphasizing a balance between allowing the trust to rely on the additional evidence and providing the Assessing Officer an opportunity to verify the evidence. The Assessing Officer was instructed to examine the veracity of the evidence and the trust's explanation regarding the repayment of unsecured loans, with acceptance of explanations leading to the disposal of the appeal. Case-Laws Income Tax Wed, 18 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204765