https://www.taxtmi.com/caselaws?id=345942 The Court upheld the Tribunal's decision to allow the submission of additional evidence but emphasized that the Assessing Officer must verify the authenticity of entries before making a fresh assessment. The Court ruled that the Tribunal exceeded its authority by directing income computation solely based on the books of accounts. It directed the Assessing Officer to independently assess all aspects of the case, including unaccounted investments and deductions, ensuring transparency by providing the material relied upon to the assessee before issuing any order. The appeals were disposed of with these instructions. en-us Wed, 26 Jul 2017 00:00:00 +0530 Mon, 31 Jul 2017 08:14:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345942 The Court upheld the Tribunal's decision to allow the submission of additional evidence but emphasized that the Assessing Officer must verify the authenticity of entries before making a fresh assessment. The Court ruled that the Tribunal exceeded its authority by directing income computation solely based on the books of accounts. It directed the Assessing Officer to independently assess all aspects of the case, including unaccounted investments and deductions, ensuring transparency by providing the material relied upon to the assessee before issuing any order. The appeals were disposed of with these instructions. Case-Laws Income Tax Wed, 26 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345942