No revision of Voluntarily filed returns was possible through additional evidence under rule 29 of ITAT Rules

Sravan Kumar Neela Vs ACIT (Kerala High Court) Conclusion: Since voluntarily filed returns could not be revised through additional evidence under Rule 29 of the ITAT Rules (Income Tax (Appellate Tribunal) Rules, 1963) and additional evidence was inadmissible and that the seized cash was rightly treated as unexplained income under Section 69A, taxable under Section 115BBE. Held: Excise officials at Muthanaga Check Post seized Rs. 2,39,57,500 from three passengers travelling from Hyderabad to Kozhikode. The cash was taken over by the Income Tax Department under the provisions of the Income Tax ...