Tribunal held that the CIT (A) has admitted the additional evidence and deleted the addition without giving sufficient time to the Assessing Officer to file the reply . Matter remanded to the Assessing Officer , relied on Bharat Fire and General Insurance Ltd. v. CIT (1964) 53 ITR 108 (SC) and CIT v. Allahabad Bank L td. (1969) 73 ITR 745 (SC).( AY.2009-10)
Dy. CIT v. Pipal Tree Ventures Pvt. Ltd. (2021) 85 ITR 78/199 DTR 129 (SN)(Mum) (Trib)
S. 68 : Cash credits – Share Premium — Additional evidence – Assessing Officer was not given sufficient time – Matter remanded [ S.133 (6) R.46A ]