https://www.taxtmi.com/caselaws?id=752806 The ITAT Delhi set aside the CIT(A)'s decision to admit additional evidence regarding a trust's section 11 exemption claim for accumulated income investments. The tribunal found that CIT(A) violated Rule 46A of the Income Tax Rules, 1962, specifically sub-rule (3), which requires giving the AO reasonable opportunity to examine and rebut additional evidence before admission. Despite the assessee trust providing proof of investments in prescribed instruments under section 11(5), the procedural violation rendered CIT(A)'s action invalid. The matter was restored to the AO for fresh consideration after proper examination of the additional evidence. en-us Mon, 04 Mar 2024 00:00:00 +0530 Sun, 19 May 2024 06:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752806 The ITAT Delhi set aside the CIT(A)'s decision to admit additional evidence regarding a trust's section 11 exemption claim for accumulated income investments. The tribunal found that CIT(A) violated Rule 46A of the Income Tax Rules, 1962, specifically sub-rule (3), which requires giving the AO reasonable opportunity to examine and rebut additional evidence before admission. Despite the assessee trust providing proof of investments in prescribed instruments under section 11(5), the procedural violation rendered CIT(A)'s action invalid. The matter was restored to the AO for fresh consideration after proper examination of the additional evidence. Case-Laws Income Tax Mon, 04 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752806