CIT(A) deletes additions on Unsecured Loans after considering additional evidence: ITAT set asides order for violation of Rule 46A

CIT(A) has deleted additions on unsecured loans after considering additional evidence, following ITAT's order setting aside the initial decision due to violation of Rule 46A. This highlights the importance of adhering to procedural norms and considering all evidence. The ITAT's ruling ensures a fair assessment process. The decision underscores the need for thorough investigation. This outcome provides relief to the taxpayer.