https://www.taxtmi.com/caselaws?id=201784 The High Court allowed the condonation of delay in filing and refiling appeals subject to a payment of costs. The Court upheld the CIT (Appeal) decision to delete unexplained deposits of Rs.18.00 lakhs under Section 68 of the Income Tax Act, emphasizing the proper procedures followed by the assessee. The High Court dismissed the Revenue's appeal, ruling in favor of the assessee and setting aside the Tribunal's decision, restoring the CIT (Appeal) ruling. Both appeals were disposed of based on evidence and legal principles, with the High Court favoring the assessee. en-us Mon, 17 Jan 2011 00:00:00 +0530 Thu, 03 Feb 2011 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201784 The High Court allowed the condonation of delay in filing and refiling appeals subject to a payment of costs. The Court upheld the CIT (Appeal) decision to delete unexplained deposits of Rs.18.00 lakhs under Section 68 of the Income Tax Act, emphasizing the proper procedures followed by the assessee. The High Court dismissed the Revenue's appeal, ruling in favor of the assessee and setting aside the Tribunal's decision, restoring the CIT (Appeal) ruling. Both appeals were disposed of based on evidence and legal principles, with the High Court favoring the assessee. Case-Laws Income Tax Mon, 17 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201784