https://www.taxtmi.com/caselaws?id=246193 The ITAT upheld the CIT(A)'s decision to delete the addition of unexplained opening balance, emphasizing the Assessing Officer's inability to make such additions without seized material. The assessment under section 153A was deemed valid despite a delayed cross objection, which was dismissed by the ITAT for lack of condonation. The delay was not accepted, leading to the dismissal of the cross objection without consideration of its merits. Both the Revenue's appeal and the assessee's cross objection were ultimately dismissed by the ITAT. en-us Thu, 20 Feb 2014 00:00:00 +0530 Thu, 03 Apr 2014 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246193 The ITAT upheld the CIT(A)'s decision to delete the addition of unexplained opening balance, emphasizing the Assessing Officer's inability to make such additions without seized material. The assessment under section 153A was deemed valid despite a delayed cross objection, which was dismissed by the ITAT for lack of condonation. The delay was not accepted, leading to the dismissal of the cross objection without consideration of its merits. Both the Revenue's appeal and the assessee's cross objection were ultimately dismissed by the ITAT. Case-Laws Income Tax Thu, 20 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246193