Issue on Acceptance of Additional Evidence against Addition u/s 68 of the Income Tax Act: Kerala HC posts

The Kerala High Court is currently hearing a case regarding the acceptance of additional evidence in an appeal concerning Section 68 of the Income Tax Act. The section deals with unexplained cash credits, and the appellant seeks to provide additional evidence to challenge the tax authority's addition. The court has scheduled the case for disposal on October 21, 2024. This case will address the extent to which taxpayers can introduce new evidence at the appellate stage, a matter of great interest to tax practitioners and businesses facing similar disputes under Section 68.