https://www.taxtmi.com/caselaws?id=766034 ITAT Kolkata set aside both AO and CIT(A) orders regarding unexplained investment under section 69 and denial of exemption under section 10(26AAA). The tribunal found CIT(A) improperly admitted additional evidence without following Rule 46A procedures and denied AO opportunity to be heard. Matter remitted to AO for fresh assessment allowing assessee to present all evidence supporting exemption claim under section 10(26AAA), which requires both Sikkimese status and income source from within Sikkim state. Both assessee and Revenue appeals allowed for statistical purposes. en-us Thu, 13 Feb 2025 00:00:00 +0530 Sat, 15 Feb 2025 08:00:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766034 ITAT Kolkata set aside both AO and CIT(A) orders regarding unexplained investment under section 69 and denial of exemption under section 10(26AAA). The tribunal found CIT(A) improperly admitted additional evidence without following Rule 46A procedures and denied AO opportunity to be heard. Matter remitted to AO for fresh assessment allowing assessee to present all evidence supporting exemption claim under section 10(26AAA), which requires both Sikkimese status and income source from within Sikkim state. Both assessee and Revenue appeals allowed for statistical purposes. Case-Laws Income Tax Thu, 13 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766034