https://www.taxtmi.com/caselaws?id=236839 Additional evidence before the ITAT was refused because the material was fresh, belatedly produced, and no sufficient cause was shown under Rule 29. The Tribunal remitted the cash-credit issue for verification where the alleged source was disputed and double taxation concerns arose, while upholding the computation of block-period expenditure at the figure supported by seized material and the trial balance. Additions based on CD/DVD, satellite, overseas and 16MM rights were sustained because the agreement and seized documents supported the receipts. The deletion of unexplained expenditure under section 69C was reversed, as such deemed income cannot be reduced by a second deduction, and source credits were allowed only where supported or directed for verification. en-us Fri, 22 Feb 2013 00:00:00 +0530 Tue, 10 Sep 2013 06:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236839 Additional evidence before the ITAT was refused because the material was fresh, belatedly produced, and no sufficient cause was shown under Rule 29. The Tribunal remitted the cash-credit issue for verification where the alleged source was disputed and double taxation concerns arose, while upholding the computation of block-period expenditure at the figure supported by seized material and the trial balance. Additions based on CD/DVD, satellite, overseas and 16MM rights were sustained because the agreement and seized documents supported the receipts. The deletion of unexplained expenditure under section 69C was reversed, as such deemed income cannot be reduced by a second deduction, and source credits were allowed only where supported or directed for verification. Case-Laws Income Tax Fri, 22 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236839