https://www.taxtmi.com/caselaws?id=357655 The High Court allowed the restoration of an appeal dismissed in default and for non-prosecution. The case involved a substantial question of law regarding the addition under section 68 of the Income Tax Act, concerning a cash deposit in a bank account. The court rejected the Assessing Officer's reasoning and emphasized the need to consider the entire explanation and material on record. Ultimately, the High Court ruled in favor of the appellant, directing the deletion of the addition and concluding the matter due to its age and the amount involved, with no order as to costs. en-us Tue, 13 Mar 2018 00:00:00 +0530 Tue, 03 Mar 2026 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357655 The High Court allowed the restoration of an appeal dismissed in default and for non-prosecution. The case involved a substantial question of law regarding the addition under section 68 of the Income Tax Act, concerning a cash deposit in a bank account. The court rejected the Assessing Officer's reasoning and emphasized the need to consider the entire explanation and material on record. Ultimately, the High Court ruled in favor of the appellant, directing the deletion of the addition and concluding the matter due to its age and the amount involved, with no order as to costs. Case-Laws Income Tax Tue, 13 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357655