Non-mention of Rule 46A not a ground to reject evidence; fresh adjudication directed

Munireddy Prakashreddy Vs ITO (ITAT Chennai) Income Tax Appellate Tribunal (ITAT) Chennai bench has set aside an order by the Commissioner of Income Tax (Appeals) [CIT(A)] and remanded a case involving an unexplained cash deposit of ₹23.08 lakh for fresh adjudication. The ITAT ruled that the mere non-mention of Rule 46A of the Income Tax Rules, which governs the admission of additional evidence, by the assessee was not a valid ground for the CIT(A) to reject the evidence presented. The appeal was filed by Munireddy Prakashreddy against the CIT(A)’s order for the assessment year 2012-13...