ITAT Restores Assessment to AO for Fresh Consideration of Additional Evidence

Simmi Madan Vs ITO (ITAT Delhi) In the case of Simmi Madan v. ITO (ITAT Delhi), the Income Tax Appellate Tribunal (ITAT) addressed an appeal by the assessee, challenging the assessment order passed under Section 144 r.w.s. 147 of the Income Tax Act for the assessment year 2012-13. The Assessing Officer (AO) had computed the assessee’s income at Rs. 65,50,000, a substantial increase over the Nil income declared by the assessee. The assessee filed an appeal before the Commissioner of Income Tax (Appeals) [CIT(A)], submitting additional evidence under Rule 46A of the Income Tax Rules, 1962....