AO Directed to Grant Fair Hearing & Pass Reasoned Order on All Evidence including additional documents

Mihir Bhoj Post Graduate College Vs ITO (ITAT Delhi) The case involves Mihir Bhoj Post Graduate College appealing against an addition of ₹34,81,180/- to its taxable income by the Income Tax Officer (Exemption) Ghaziabad, which was upheld by the Commissioner of Income Tax (Appeals) National Faceless Appeal Centre (NFAC), New Delhi. The addition was based on unexplained cash deposits, and the college had filed an application for additional evidence under Rule 46A of the Income Tax Act to support its case. However, the CIT(A) rejected the application, as the college had failed to comply with ea...