Rejection of Additional Evidence by weighted Deduction u/s 35(2AB): ITAT directs Re-adjudication Admitting Evidences

The Income Tax Appellate Tribunal (ITAT) directed re-adjudication of a case involving additional evidence under Section 35(2AB) of the Income Tax Act. The Tribunal found that the Assessing Officer (AO) had improperly rejected the additional evidence submitted by the taxpayer, which was crucial for claiming weighted deductions. The ITAT ruled that the evidence should be reconsidered, emphasizing the need for a thorough review of all relevant documents to ensure fair adjudication of tax claims.