2001 (3) TMI 57 - HC - Income Tax

Summary

The High Court of Delhi declined to answer a question regarding the refusal of the Inspecting Assistant Commissioner to entertain fresh evidence in a case related to cash credit. The dispute was about the addition of Rs. 20,000 in the assessment year 1975-76. The Tribunal did not address the issue of whether fresh evidence could be admitted in a proceeding under section 144B(4). The court found that the question did not arise from the Tribunal's order and declined to provide an answer. The references were returned unanswered.