https://www.taxtmi.com/caselaws?id=434891 The Tribunal allowed the Revenue's appeal, setting aside the CIT(A)'s order and remanding the case to the Assessing Officer for fresh examination. The delay in filing the appeal was condoned due to the COVID-19 pandemic. Additional evidence admitted by the CIT(A) under Rule 46A was deemed inadmissible as proper justification was lacking. Unexplained investments in mutual funds and the source of investments in the name of the assessee's husband were disputed. The Tribunal emphasized the need for proper verification and adherence to Rule 46A exceptions, directing a reevaluation with the opportunity for the assessee to provide adequate evidence. en-us Mon, 12 Dec 2022 00:00:00 +0530 Sat, 04 Mar 2023 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434891 The Tribunal allowed the Revenue's appeal, setting aside the CIT(A)'s order and remanding the case to the Assessing Officer for fresh examination. The delay in filing the appeal was condoned due to the COVID-19 pandemic. Additional evidence admitted by the CIT(A) under Rule 46A was deemed inadmissible as proper justification was lacking. Unexplained investments in mutual funds and the source of investments in the name of the assessee's husband were disputed. The Tribunal emphasized the need for proper verification and adherence to Rule 46A exceptions, directing a reevaluation with the opportunity for the assessee to provide adequate evidence. Case-Laws Income Tax Mon, 12 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434891