https://www.taxtmi.com/caselaws?id=359666 The delay in filing the appeal was condoned due to a reasonable explanation provided by the assessee. Regarding unexplained credits in the bank account, a portion of the amount was explained as loans, but the remaining unexplained sum was added under section 68. The Tribunal found the explanations unsatisfactory and referred the matter back to the Assessing Officer for further investigation. The disallowance under section 40A(3) was dismissed during the hearing, with the Tribunal setting aside the additions and instructing the Assessing Officer to reexamine the issues in line with the law. en-us Thu, 22 Mar 2018 00:00:00 +0530 Thu, 03 May 2018 06:34:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359666 The delay in filing the appeal was condoned due to a reasonable explanation provided by the assessee. Regarding unexplained credits in the bank account, a portion of the amount was explained as loans, but the remaining unexplained sum was added under section 68. The Tribunal found the explanations unsatisfactory and referred the matter back to the Assessing Officer for further investigation. The disallowance under section 40A(3) was dismissed during the hearing, with the Tribunal setting aside the additions and instructing the Assessing Officer to reexamine the issues in line with the law. Case-Laws Income Tax Thu, 22 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359666