High Wings Construction (P.) Ltd. v. ITO (2021) 190 ITD 673 (Delhi)(Trib.)

S. 56 : Income from other sources-Share capital and share premium-Additional evidence-Matter remanded. [S.56(2)(viib), Rule 11UA]

Held that full relevant details, arguments and case law decisions produced by assessee before Tribunal were not produced before Assessing Officer and Commissioner (Appeals).In interest of justice, matter was to be remanded to file of Assessing Officer with a direction to grant one more opportunity to assessee to substantiate its case.  (AY. 2014-15)