https://www.taxtmi.com/caselaws?id=417425 Appellate evidence may be admitted under Rule 46A when the assessee lacked adequate opportunity during assessment and the material is relevant, especially if the Assessing Officer is allowed remand examination. The notes also state that section 11 exemption cannot be denied for alleged breach of the Bombay Public Trust Act unless the factual violation is established, and that deposits in disclosed or undisclosed bank accounts are not taxable as unexplained money or investment where remand proceedings verify members' contributions, related disbursements, and separate books for a mutual self-help activity. The disabling provisions in sections 13(1)(b), 13(1)(c) and 13(2) are described as inapplicable absent proof of a trust created for a particular community or any special benefit to specified persons. en-us Wed, 19 Jan 2022 00:00:00 +0530 Sat, 22 Jan 2022 08:49:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417425 Appellate evidence may be admitted under Rule 46A when the assessee lacked adequate opportunity during assessment and the material is relevant, especially if the Assessing Officer is allowed remand examination. The notes also state that section 11 exemption cannot be denied for alleged breach of the Bombay Public Trust Act unless the factual violation is established, and that deposits in disclosed or undisclosed bank accounts are not taxable as unexplained money or investment where remand proceedings verify members' contributions, related disbursements, and separate books for a mutual self-help activity. The disabling provisions in sections 13(1)(b), 13(1)(c) and 13(2) are described as inapplicable absent proof of a trust created for a particular community or any special benefit to specified persons. Case-Laws Income Tax Wed, 19 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417425