https://www.taxtmi.com/caselaws?id=56506 The court upheld the deletion of the addition of Rs. 7,38,000 by the CIT(A) in a case involving a partnership firm dealing in jute goods. The disallowance of Rs. 4,200 as proportionate interest on money advanced to M/s. Manoj Enterprises was also deleted. The court found the admission of fresh evidence by the CIT(A) to be within his powers but suggested further investigation to establish the genuineness of the transactions. The matter was remanded to the Assessing Officer for additional inquiries. en-us Tue, 20 Dec 1994 00:00:00 +0530 Sat, 04 Dec 2010 11:03:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56506 The court upheld the deletion of the addition of Rs. 7,38,000 by the CIT(A) in a case involving a partnership firm dealing in jute goods. The disallowance of Rs. 4,200 as proportionate interest on money advanced to M/s. Manoj Enterprises was also deleted. The court found the admission of fresh evidence by the CIT(A) to be within his powers but suggested further investigation to establish the genuineness of the transactions. The matter was remanded to the Assessing Officer for additional inquiries. Case-Laws Income Tax Tue, 20 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56506