Held that where assessee sought to file additional evidences before Commissioner (Appeals) to substantiate its claim that addition made under section 56(2)(viib) in respect of share premium received on issue of equity shares was not sustainable, said additional evidences being crucial to disposal of issue on merits, were to be admitted and remanded back to Assessing Officer for consideration after admitting additional evidence. (AY. 2015-16)
ADM Agro Industries Kota & Akola (P.) Ltd. v. DCIT (2024) 208 ITD 238 (Delhi) (Trib.)
S. 254(1) : Appellate Tribunal-Powers-Additional evidence-Share premium-The matter is remanded back to Assessing Officer for consideration after admitting additional evidence.[S. 56(2)(viib)]
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