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M/S. Ntpc Limited, New Delhi vs Addl.Cit, New Delhi on 5 August, 2022

In the light of the judgment of the Hon'ble Supreme Court in NTPC Ltd. v. CIT (229 ITR 383), the Tribunal has broad powers to admit a new ground or evidence which goes to the root of the matter and where all relevant facts are already on record. Respectfully following this principle, we admit the additional evidence and consider it and proper to remit the matter back to the file of the Assessing Officer for de novo adjudication after verifying the same. Accordingly, appeal of the Assessee stands allowed for statistical purposes.
Income Tax Appellate Tribunal - Delhi Cites 64 - Cited by 131 - Full Document
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