Tribunal is duty bound to consider application seeking leave to produce additional evidence at appellate stage

Braganza Construction (P.) Ltd. Vs ACIT (Bombay High Court) The issue under consideration is that Whether on the facts and in the circumstances of the case the ITAT was justified in holding that the said amount of Rs.80 lakhs is deemed to be unexplained expenditure under proviso, to section 69C, of the IT Act, without considering the evidence/ material placed on record by the assessee, justifying that the said amount was expended by assessee from bank account ? It is quite clear that the ITAT does have the power to permit production of additional evidence before the Tribunal if the case for th...