https://www.taxtmi.com/caselaws?id=263350 The case involved issues related to the rejection of additional evidence under Rule 46A of the Income Tax Rules, disallowance of taxi running expenses, and addition of undisclosed investment under Section 69B of the Income Tax Act. The Income Tax Appellate Tribunal (ITAT) ordered further investigation into the undisclosed investment matter, reduced the disallowance of taxi expenses from Rs. 11,893 to Rs. 5,000, and upheld the rejection of additional evidence. The decision emphasizes the significance of timely and sufficient evidence in tax assessments. en-us Tue, 11 Aug 2015 00:00:00 +0530 Tue, 01 Sep 2015 07:33:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263350 The case involved issues related to the rejection of additional evidence under Rule 46A of the Income Tax Rules, disallowance of taxi running expenses, and addition of undisclosed investment under Section 69B of the Income Tax Act. The Income Tax Appellate Tribunal (ITAT) ordered further investigation into the undisclosed investment matter, reduced the disallowance of taxi expenses from Rs. 11,893 to Rs. 5,000, and upheld the rejection of additional evidence. The decision emphasizes the significance of timely and sufficient evidence in tax assessments. Case-Laws Income Tax Tue, 11 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263350