Assessee's Delay in Submitting Evidence Leads to Confirmed Additions to Taxable Income Under Tribunal Review.

Assessee's Delay in Submitting Evidence Leads to Confirmed Additions to Taxable Income Under Tribunal Review. https://www.taxtmi.com/highlights?id=72775 Undisclosed debit entries in the impounded books - investment in advances for properties - No such evidence furnished before the CIT(A). It is for the first time, the assessee filed such affidavit before this Tribunal, in our opinion, is only to protract the litigation. The assessee ought to have filed the same before the AO during the course of assessment proceedings in 2016 and as well before the CIT(A) in 2017. - Additions confirmed - AT en-us Sat, 28 Oct 2023 13:27:17 +0530 Sat, 28 Oct 2023 13:27:17 +0530 TaxTMI RSS Generator Assessee's Delay in Submitting Evidence Leads to Confirmed Additions to Taxable Income Under Tribunal Review. https://www.taxtmi.com/highlights?id=72775 Undisclosed debit entries in the impounded books - investment in advances for properties - No such evidence furnished before the CIT(A). It is for the first time, the assessee filed such affidavit before this Tribunal, in our opinion, is only to protract the litigation. The assessee ought to have filed the same before the AO during the course of assessment proceedings in 2016 and as well before the CIT(A) in 2017. - Additions confirmed - AT Highlights Income Tax Sat, 28 Oct 2023 13:27:17 +0530 https://www.taxtmi.com/highlights?id=72775