https://www.taxtmi.com/caselaws?id=206609 The court upheld the admission of fresh evidence under Rule 46A by the CIT(A) due to insufficient opportunity for the assessee, leading to no substantial question of law. The deletion of addition for unexplained investment in shares and debentures was affirmed once the source was explained. The Tribunal's deletion of an addition by the ACIT on peak credit was upheld for consistency. The challenge to the ITAT's order as perverse was dismissed, as lower authorities' decisions were deemed legally sound, resulting in the dismissal of appeals. en-us Wed, 30 Mar 2011 00:00:00 +0530 Fri, 07 Aug 2026 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206609 The court upheld the admission of fresh evidence under Rule 46A by the CIT(A) due to insufficient opportunity for the assessee, leading to no substantial question of law. The deletion of addition for unexplained investment in shares and debentures was affirmed once the source was explained. The Tribunal's deletion of an addition by the ACIT on peak credit was upheld for consistency. The challenge to the ITAT's order as perverse was dismissed, as lower authorities' decisions were deemed legally sound, resulting in the dismissal of appeals. Case-Laws Income Tax Wed, 30 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206609