https://www.taxtmi.com/caselaws?id=361031 Delay in filing the appeal was justified by the assessee due to legal advice, leading to a 60-day delay, which was condoned. The treatment of undisclosed bank accounts involved considering the peak balance of all accounts, with the assessee's explanation being crucial. Repayment of a loan to a financial institution was accepted as legitimate. The Tribunal focused on the grounds of appeal, allowing the deletion of additions made by the Income Tax Officer. The appeal was partially allowed, emphasizing legitimate income sources and proper explanations for transactions and loan repayments. en-us Wed, 23 May 2018 00:00:00 +0530 Mon, 28 May 2018 10:14:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361031 Delay in filing the appeal was justified by the assessee due to legal advice, leading to a 60-day delay, which was condoned. The treatment of undisclosed bank accounts involved considering the peak balance of all accounts, with the assessee's explanation being crucial. Repayment of a loan to a financial institution was accepted as legitimate. The Tribunal focused on the grounds of appeal, allowing the deletion of additions made by the Income Tax Officer. The appeal was partially allowed, emphasizing legitimate income sources and proper explanations for transactions and loan repayments. Case-Laws Income Tax Wed, 23 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361031