https://www.taxtmi.com/caselaws?id=267723 The Tribunal allowed the condonation of delay in filing appeals due to compelling circumstances. Penalties were upheld for the addition of rental income, as concealment was found. However, penalties for unexplained sundry loans were deleted, as the genuineness was not adequately explained. Similarly, the penalty for unexplained silver articles was deleted, as mere addition did not prove concealment. The addition of an advance payment for a property was upheld due to lack of satisfactory explanation, resulting in dismissal of some appeals and partial allowance of others. en-us Wed, 30 Sep 2015 00:00:00 +0530 Fri, 13 Nov 2015 15:53:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267723 The Tribunal allowed the condonation of delay in filing appeals due to compelling circumstances. Penalties were upheld for the addition of rental income, as concealment was found. However, penalties for unexplained sundry loans were deleted, as the genuineness was not adequately explained. Similarly, the penalty for unexplained silver articles was deleted, as mere addition did not prove concealment. The addition of an advance payment for a property was upheld due to lack of satisfactory explanation, resulting in dismissal of some appeals and partial allowance of others. Case-Laws Income Tax Wed, 30 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267723