https://www.taxtmi.com/caselaws?id=458369 The ITAT dismissed the Revenue's appeal against the CIT(A)'s deletion of an addition under Section 68, referencing the Delhi HC's Kabul Chawla decision, which invalidates additions absent incriminating material. The Assessee's appeal was allowed for statistical purposes, with the ITAT remanding the case to CIT(A) for reconsideration of additional evidence under Rule 46A, ensuring compliance with procedural requirements and providing the Assessing Officer a fair opportunity to review any newly admitted evidence. en-us Thu, 15 Oct 2020 00:00:00 +0530 Wed, 23 Oct 2024 19:36:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458369 The ITAT dismissed the Revenue's appeal against the CIT(A)'s deletion of an addition under Section 68, referencing the Delhi HC's Kabul Chawla decision, which invalidates additions absent incriminating material. The Assessee's appeal was allowed for statistical purposes, with the ITAT remanding the case to CIT(A) for reconsideration of additional evidence under Rule 46A, ensuring compliance with procedural requirements and providing the Assessing Officer a fair opportunity to review any newly admitted evidence. Case-Laws Income Tax Thu, 15 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458369