https://www.taxtmi.com/caselaws?id=340462 The Tribunal accepted the reasons for the 10-day delay in filing the appeal, condoning it and proceeding to hear the appeal on merits. Regarding the addition of unexplained cash credit under section 68, the Tribunal reversed the lower authorities' decision, finding that the assessee had provided necessary details and ledgers. The disallowance of advances made by creditors was partially upheld based on creditworthiness. The burden of proof on the assessee was considered discharged through detailed submissions and ledger copies. The Tribunal found the lower authorities' decisions unsustainable and allowed the appeal, emphasizing the need for supporting details. en-us Fri, 17 Mar 2017 00:00:00 +0530 Wed, 22 Mar 2017 08:12:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340462 The Tribunal accepted the reasons for the 10-day delay in filing the appeal, condoning it and proceeding to hear the appeal on merits. Regarding the addition of unexplained cash credit under section 68, the Tribunal reversed the lower authorities' decision, finding that the assessee had provided necessary details and ledgers. The disallowance of advances made by creditors was partially upheld based on creditworthiness. The burden of proof on the assessee was considered discharged through detailed submissions and ledger copies. The Tribunal found the lower authorities' decisions unsustainable and allowed the appeal, emphasizing the need for supporting details. Case-Laws Income Tax Fri, 17 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340462