ITAT Order Quashed as Fresh Evidence Was Accepted Without Following Rule 46A

PCIT Vs Kamraz Rural Bank (Jammu And Kashmir High Court) The Jammu & Kashmir and Ladakh High Court allowed a Revenue appeal under Section 260-A of the Income Tax Act, 1961 against an order of the Income Tax Appellate Tribunal (ITAT) relating to Assessment Year 2006-07. The appeal raised two substantial questions of law concerning the admission of additional evidence by the Commissioner of Income Tax (Appeals) [CIT(A)] under Rule 46A of the Income Tax Rules without granting the Assessing Officer (AO) an opportunity to examine or rebut the evidence and without recording reasons in writing fo...