https://www.taxtmi.com/caselaws?id=328407 The High Court upheld the Tribunal's decision in a tax appeal case, where the delay in refiling the appeal was condoned under Section 260A of the Income Tax Act, 1961. The addition of unexplained credits under Section 68 was upheld due to the appellant's failure to prove the identity of creditors and genuineness of transactions. The Tribunal rejected additional evidence, leading to the dismissal of the appeal. The Court found no legal errors and dismissed the appeal, as the appellant did not establish any illegality or perversity in the Tribunal's decision. en-us Mon, 23 May 2016 00:00:00 +0530 Fri, 03 Jun 2016 12:09:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328407 The High Court upheld the Tribunal's decision in a tax appeal case, where the delay in refiling the appeal was condoned under Section 260A of the Income Tax Act, 1961. The addition of unexplained credits under Section 68 was upheld due to the appellant's failure to prove the identity of creditors and genuineness of transactions. The Tribunal rejected additional evidence, leading to the dismissal of the appeal. The Court found no legal errors and dismissed the appeal, as the appellant did not establish any illegality or perversity in the Tribunal's decision. Case-Laws Income Tax Mon, 23 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328407