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3 orders · Page 1 of 1
The CIT(Appeals) partly allowed the appeal, dismissing the addition of unsecured loans but restricting the disallowance of interest. The Tribunal found that the CIT(Appeals) erred by not considering additional evidence filed by the assessee, and decided to remit the matter back for re-examination of the evidence.
The Tribunal noted that the CIT(Appeals) dismissed the appeal due to the assessee's failure to substantiate claims with documentary evidence, despite multiple opportunities. The assessee's counsel argued for a remand to the CIT(Appeals) to allow the legal heir to present evidence.
The Tribunal remanded the matter back to the CIT(E) to provide the assessee with another opportunity to be heard and make necessary compliance. The impugned order was set aside to this extent.