https://www.taxtmi.com/caselaws?id=406892 The Appellate Tribunal remitted the matter back to the Assessing Officer for fresh consideration after the appeal against the order of the Commissioner of Income Tax (Appeals) for the assessment year 2006-07 was dismissed. The key issue was the failure of the Commissioner to consider the assessee's claim that the investment was made from a loan. Despite the submission of supporting documents, including an affidavit and confirmation letter, the Commissioner did not take them into account, leading to the Tribunal's decision to allow the assessee to present additional evidence for a new assessment. en-us Fri, 16 Apr 2021 00:00:00 +0530 Mon, 26 Apr 2021 10:21:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406892 The Appellate Tribunal remitted the matter back to the Assessing Officer for fresh consideration after the appeal against the order of the Commissioner of Income Tax (Appeals) for the assessment year 2006-07 was dismissed. The key issue was the failure of the Commissioner to consider the assessee's claim that the investment was made from a loan. Despite the submission of supporting documents, including an affidavit and confirmation letter, the Commissioner did not take them into account, leading to the Tribunal's decision to allow the assessee to present additional evidence for a new assessment. Case-Laws Income Tax Fri, 16 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406892