https://www.taxtmi.com/caselaws?id=337809 The Tribunal remitted the case back to the CIT(A) for proper consideration, allowing the appellant the right to submit additional evidence. The claim for set off of trading losses on share business was denied due to lack of proof and failure to disclose income in tax returns. The assessed income was enhanced from Rs. 7,00,779 to Rs. 36,76,800, but the Tribunal found a statutory mistake in not considering the admissibility of additional evidence. The rejection of explanation for credits in bank accounts was remitted back to the CIT(A) for further review to provide a fair opportunity for the appellant to present their case. en-us Thu, 12 Jan 2017 00:00:00 +0530 Wed, 18 Jan 2017 08:45:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337809 The Tribunal remitted the case back to the CIT(A) for proper consideration, allowing the appellant the right to submit additional evidence. The claim for set off of trading losses on share business was denied due to lack of proof and failure to disclose income in tax returns. The assessed income was enhanced from Rs. 7,00,779 to Rs. 36,76,800, but the Tribunal found a statutory mistake in not considering the admissibility of additional evidence. The rejection of explanation for credits in bank accounts was remitted back to the CIT(A) for further review to provide a fair opportunity for the appellant to present their case. Case-Laws Income Tax Thu, 12 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337809