https://www.taxtmi.com/caselaws?id=417932 The Tribunal upheld the decision of the CIT(A) to admit additional evidence under Rule 46A, allowing the appeal and deleting a significant portion of additions made by the AO on unsecured loans and interest disallowance. The Tribunal found that the AO had verified the evidence provided by the assessee, establishing its authenticity. Despite allegations of Rule 46A violation, the Tribunal concluded that the CIT(A) had not erred in granting relief based on the verified evidence. Consequently, the Revenue's appeal was dismissed. en-us Thu, 03 Feb 2022 00:00:00 +0530 Fri, 04 Feb 2022 07:02:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417932 The Tribunal upheld the decision of the CIT(A) to admit additional evidence under Rule 46A, allowing the appeal and deleting a significant portion of additions made by the AO on unsecured loans and interest disallowance. The Tribunal found that the AO had verified the evidence provided by the assessee, establishing its authenticity. Despite allegations of Rule 46A violation, the Tribunal concluded that the CIT(A) had not erred in granting relief based on the verified evidence. Consequently, the Revenue's appeal was dismissed. Case-Laws Income Tax Thu, 03 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417932