Additional Evidence Admitted Post Death – ₹7.79 Cr Addition Restored for Fresh Verification

Abdul Gafar Abdul Karim Nadiadwala Vs ACIT (ITAT Mumbai) Mumbai ITAT admitted additional evidence under Rule 29 and restored the matter to the AO where substantial additions were made due to lack of earlier explanation, caused by the death of the assessee. The Tribunal noted: Additions of ₹7.79 crore u/s 69A (bank credits) and ₹57.90 lakh (capital gains) were made for want of evidence The legal heir explained inability to produce records earlier due to lack of knowledge and late discovery of transactions Fresh documentary evidence (loan confirmations, PAN, bank statements, ITRs, etc.) was...