https://www.taxtmi.com/caselaws?id=790322 Admission of additional evidence at the first appellate stage did not infringe Rule 46A because the EPCG licence documents and working papers were already before the Assessing Officer and no fresh material was relied on for the appellate decision. The government grant credited in books for EPCG-related customs duty savings was also not separately taxable, as the related asset cost had already been adjusted for tax purposes and depreciation computed on that basis. A further addition would have taxed the same economic effect twice, so the deletion of the addition was sustained on merits. en-us Fri, 17 Apr 2026 00:00:00 +0530 Thu, 23 Apr 2026 09:45:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790322 Admission of additional evidence at the first appellate stage did not infringe Rule 46A because the EPCG licence documents and working papers were already before the Assessing Officer and no fresh material was relied on for the appellate decision. The government grant credited in books for EPCG-related customs duty savings was also not separately taxable, as the related asset cost had already been adjusted for tax purposes and depreciation computed on that basis. A further addition would have taxed the same economic effect twice, so the deletion of the addition was sustained on merits. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790322