Addition Remanded as New Evidence Admitted Under Rule 29

Lata Gupta Vs ITO (ITAT Delhi) When Crucial Evidence Surfaces Late – ITAT Allows Rule 29 Application – ITAT Remands ₹2.38 Cr Addition for Fresh Examination Assessment was completed on 27.12.2018 by adding Rs.2,38,50,000 as unexplained income from undisclosed sources. CIT(A) dismissed the appeal on 29.10.2019. In second appeal, Assessee moved an application u/s Rule 29 of ITAT Rules seeking admission of additional documents placed in the paper book. Assessee submitted that the amounts received from various entities were in connection with proposed property purchase & were subseque...