https://www.taxtmi.com/caselaws?id=325629 Where additions for alleged unexplained investments and cash rested on ACB material and a panchnama, the later acquittal in corruption proceedings was treated as materially relevant because it the evidentiary basis for the source-of-assets explanation. As the assessment records did not reflect the same clinching material examined in the criminal trial, the matter was not finally concluded on the existing record. The proper course was remand to the Assessing Officer for fresh adjudication in accordance with law, after considering the criminal court findings and giving the assessee an opportunity to be heard. en-us Mon, 08 Feb 2016 00:00:00 +0530 Fri, 25 Mar 2016 09:34:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325629 Where additions for alleged unexplained investments and cash rested on ACB material and a panchnama, the later acquittal in corruption proceedings was treated as materially relevant because it the evidentiary basis for the source-of-assets explanation. As the assessment records did not reflect the same clinching material examined in the criminal trial, the matter was not finally concluded on the existing record. The proper course was remand to the Assessing Officer for fresh adjudication in accordance with law, after considering the criminal court findings and giving the assessee an opportunity to be heard. Case-Laws Income Tax Mon, 08 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325629