https://www.taxtmi.com/caselaws?id=389499 The High Court set aside the ITAT's judgment on the issue of deemed unexplained expenditure under Section 69C of the Income Tax Act, 1961. It remanded the case for fresh adjudication, directing the ITAT to consider the appellant's application for additional evidence in accordance with Rule 29 of the Income Tax (Appellate Tribunal) Rules, 1963. The Court emphasized the importance of allowing both parties a fair hearing and considering all contentions openly. en-us Fri, 06 Dec 2019 00:00:00 +0530 Wed, 19 Aug 2020 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389499 The High Court set aside the ITAT's judgment on the issue of deemed unexplained expenditure under Section 69C of the Income Tax Act, 1961. It remanded the case for fresh adjudication, directing the ITAT to consider the appellant's application for additional evidence in accordance with Rule 29 of the Income Tax (Appellate Tribunal) Rules, 1963. The Court emphasized the importance of allowing both parties a fair hearing and considering all contentions openly. Case-Laws Income Tax Fri, 06 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389499