https://www.taxtmi.com/caselaws?id=262415 The court allowed the application for condonation of delay in refiling the appeal. The assessment under Section 143(3) of the Income Tax Act, 1961 was upheld, with the court finding no infirmity in the Assessing Officer's actions. The Tribunal's decision to uphold the assessment order by CIT (Appeals) without independent findings was upheld, and the appeal was dismissed. The addition made under Section 68 based on credits not in the regular books of accounts was upheld, as was the addition based on individual creditor's peak credit. The court dismissed the appeal challenging additions made on suspicion without corroborative material. en-us Mon, 03 Aug 2015 00:00:00 +0530 Mon, 10 Aug 2015 05:58:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262415 The court allowed the application for condonation of delay in refiling the appeal. The assessment under Section 143(3) of the Income Tax Act, 1961 was upheld, with the court finding no infirmity in the Assessing Officer's actions. The Tribunal's decision to uphold the assessment order by CIT (Appeals) without independent findings was upheld, and the appeal was dismissed. The addition made under Section 68 based on credits not in the regular books of accounts was upheld, as was the addition based on individual creditor's peak credit. The court dismissed the appeal challenging additions made on suspicion without corroborative material. Case-Laws Income Tax Mon, 03 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262415