https://www.taxtmi.com/caselaws?id=270560 The Tribunal upheld the addition under sec. 68 of the Income-tax Act, 1961, due to the assessee's failure to explain certain deposits. The CIT(A) did not admit additional evidence submitted by the assessee under Rule 46A, leading to discrepancies in treatment of explained deposits. The Tribunal partially allowed the appeal, directing deletion of certain additions and further verification by the Assessing Officer. The judgment emphasized the importance of fair consideration of evidence and thorough assessment processes. en-us Mon, 19 Oct 2015 00:00:00 +0530 Sun, 10 Jan 2016 20:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270560 The Tribunal upheld the addition under sec. 68 of the Income-tax Act, 1961, due to the assessee's failure to explain certain deposits. The CIT(A) did not admit additional evidence submitted by the assessee under Rule 46A, leading to discrepancies in treatment of explained deposits. The Tribunal partially allowed the appeal, directing deletion of certain additions and further verification by the Assessing Officer. The judgment emphasized the importance of fair consideration of evidence and thorough assessment processes. Case-Laws Income Tax Mon, 19 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270560