https://www.taxtmi.com/caselaws?id=252779 The Tribunal dismissed the assessee's Cross Objection (CO) due to a time-barred delay of 683 days, rejecting the plea for condonation. The application under Rule 27 of the ITAT Rules, 1963, was deemed not maintainable as the issues were not raised before the CIT(A). The addition of Rs. 50,00,000/- as unexplained cash credit was reinstated, as the assessee failed to prove the identity of creditors, with the Tribunal upholding the AO's proper inquiry into the non-existence of the entities. The appeal by the Revenue was allowed, and the CO filed by the assessee was dismissed. en-us Thu, 30 Oct 2014 00:00:00 +0530 Sat, 01 Nov 2014 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252779 The Tribunal dismissed the assessee's Cross Objection (CO) due to a time-barred delay of 683 days, rejecting the plea for condonation. The application under Rule 27 of the ITAT Rules, 1963, was deemed not maintainable as the issues were not raised before the CIT(A). The addition of Rs. 50,00,000/- as unexplained cash credit was reinstated, as the assessee failed to prove the identity of creditors, with the Tribunal upholding the AO's proper inquiry into the non-existence of the entities. The appeal by the Revenue was allowed, and the CO filed by the assessee was dismissed. Case-Laws Income Tax Thu, 30 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252779