https://www.taxtmi.com/caselaws?id=408307 The tribunal affirmed the addition of Rs. 1,25,00,000 in the appellant's assessment for AY.2011-12, rejecting new evidence presented during appellate proceedings. The appellant's failure to establish a reasonable cause for delayed submission led to the dismissal of the appeal. Disputes over property payment contributions and interpretation of the agreement between co-vendees resulted in the confirmation of the assessment addition. The tribunal emphasized the importance of timely evidence submission and upheld the decision based on insufficient supporting documentation and lack of clarity in payment arrangements. en-us Fri, 28 May 2021 00:00:00 +0530 Mon, 07 Jun 2021 08:36:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408307 The tribunal affirmed the addition of Rs. 1,25,00,000 in the appellant's assessment for AY.2011-12, rejecting new evidence presented during appellate proceedings. The appellant's failure to establish a reasonable cause for delayed submission led to the dismissal of the appeal. Disputes over property payment contributions and interpretation of the agreement between co-vendees resulted in the confirmation of the assessment addition. The tribunal emphasized the importance of timely evidence submission and upheld the decision based on insufficient supporting documentation and lack of clarity in payment arrangements. Case-Laws Income Tax Fri, 28 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408307