https://www.taxtmi.com/caselaws?id=790851 The first appellate authority must follow Rule 46A before relying on additional evidence, including giving the Assessing Officer a reasonable opportunity to examine and rebut the material and, where required, considering a remand report. The power of further inquiry under Section 250(4) is distinct from the procedure for admitting fresh evidence, and admission of documents such as share purchasers' returns, share certificates, bank statements and earlier balance sheets cannot replace that safeguards-based process. The matter was therefore remanded to ensure Rule 46A compliance and obtain the Assessing Officer's remand report. en-us Wed, 29 Apr 2026 00:00:00 +0530 Fri, 01 May 2026 10:14:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790851 The first appellate authority must follow Rule 46A before relying on additional evidence, including giving the Assessing Officer a reasonable opportunity to examine and rebut the material and, where required, considering a remand report. The power of further inquiry under Section 250(4) is distinct from the procedure for admitting fresh evidence, and admission of documents such as share purchasers' returns, share certificates, bank statements and earlier balance sheets cannot replace that safeguards-based process. The matter was therefore remanded to ensure Rule 46A compliance and obtain the Assessing Officer's remand report. Case-Laws Income Tax Wed, 29 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790851