In a recent case on the issue of validity of additional evidence against addition made under section 68 of the Income Tax Act, 1961, the Kerala High Court posted the matter for disposal on October 21 of this year.
Sravan Kumar Neela, the petitioner was represented by Advs. M/S.Abraham Joseph Markos, Isaac Thomas, P.G.Chandapillai Abraham, John Vithayathil & Alexander Joseph Markos. The respondent was represented by Advs. M/S.Navaneeth.N.Nath ( Cgc ) & Susie B Varghese,
How to Compute Income from Salary with Tax Planning, Click Here
The Income Tax Appeal having come up by the substantial questions of law whether on the facts and in the circumstances of the case, the Income Tax Appellate Tribunal was right in confirming the assessment of Rs.1,62,47,500/- in the name of the Appellant?
Before the court it was also questioned that the Appellate Tribunal was right in refusing to accept the additional evidence filed by the Appellant before the Commissioner of Income Tax (Appeals) and the Income Tax Appellate Tribunal under Rule 29 of the Income Tax Appellate Tribunal Rules?
The petitioner also raised the question that whether the Appellate Tribunal was right in confirming the assessment of the cash seized as unexplained income under Section 69A of the Income Tax Act instead of under Section 56 as income from other sources?
How to Compute Income from Salary with Tax Planning, Click Here
A division bench of Justice Dr. A.K.Jayasankaran Nambiar and Justice Syam Kumar V.M. posted the case on 21.10.2024 for disposal.
Subscribe Taxscan Premium to view the JudgmentSupport our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates
