https://www.taxtmi.com/caselaws?id=273618 The Tribunal justified deleting additions under Section 69 of the Income Tax Act based on new evidence, admitted under Rule 29. Despite objections, the court upheld the Tribunal's decision to entertain additional evidence. The burden of proof was shifted to the department, and discrepancies in evidence were noted. The Tribunal found the investment in land was from legitimate sources, deleting the addition confirmed by the CIT(A). The court upheld this decision, rejecting claims of perversity and violation of natural justice. The appeals were dismissed in favor of the assessee, affirming the Tribunal's findings. en-us Tue, 30 May 2017 00:00:00 +0530 Thu, 05 Jul 2018 06:20:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273618 The Tribunal justified deleting additions under Section 69 of the Income Tax Act based on new evidence, admitted under Rule 29. Despite objections, the court upheld the Tribunal's decision to entertain additional evidence. The burden of proof was shifted to the department, and discrepancies in evidence were noted. The Tribunal found the investment in land was from legitimate sources, deleting the addition confirmed by the CIT(A). The court upheld this decision, rejecting claims of perversity and violation of natural justice. The appeals were dismissed in favor of the assessee, affirming the Tribunal's findings. Case-Laws Income Tax Tue, 30 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273618