https://www.taxtmi.com/caselaws?id=311489 The ITAT Delhi dismissed the Revenue's appeal challenging the CIT(A)'s deletion of additions made for over-reporting of time deposits. The CIT(A) had admitted additional evidence and found that the actual time deposits were Rs. 9,50,00,000/- from overseas remittances earned by the assessee as a US resident. The ITAT held that the CIT(A) properly exercised statutory powers to examine necessary evidence, particularly since the assessee lacked fair opportunity before the AO. The Revenue failed to provide contrary material to challenge the CIT(A)'s factual findings, making the Rule 46A violation allegation insufficient to reverse the decision. en-us Fri, 17 Feb 2023 00:00:00 +0530 Thu, 28 Dec 2023 20:51:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311489 The ITAT Delhi dismissed the Revenue's appeal challenging the CIT(A)'s deletion of additions made for over-reporting of time deposits. The CIT(A) had admitted additional evidence and found that the actual time deposits were Rs. 9,50,00,000/- from overseas remittances earned by the assessee as a US resident. The ITAT held that the CIT(A) properly exercised statutory powers to examine necessary evidence, particularly since the assessee lacked fair opportunity before the AO. The Revenue failed to provide contrary material to challenge the CIT(A)'s factual findings, making the Rule 46A violation allegation insufficient to reverse the decision. Case-Laws Income Tax Fri, 17 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311489