https://www.taxtmi.com/caselaws?id=283383 The Tribunal condoned the delay in filing the appeal due to the assessee's medical reasons. However, the Tribunal rejected the additional grounds challenging the reopening of assessment under s. 147/148, emphasizing the need for timely raising of legal issues. The Tribunal upheld the addition of Rs. 1,50,000 on account of an unexplained gift, as the assessee failed to prove the genuineness of the gift. The appeal was ultimately dismissed, with the Tribunal concluding that the gift was not genuine and was merely an arranged affair for accommodation entry. en-us Tue, 29 Jan 2013 00:00:00 +0530 Mon, 19 Jul 2021 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283383 The Tribunal condoned the delay in filing the appeal due to the assessee's medical reasons. However, the Tribunal rejected the additional grounds challenging the reopening of assessment under s. 147/148, emphasizing the need for timely raising of legal issues. The Tribunal upheld the addition of Rs. 1,50,000 on account of an unexplained gift, as the assessee failed to prove the genuineness of the gift. The appeal was ultimately dismissed, with the Tribunal concluding that the gift was not genuine and was merely an arranged affair for accommodation entry. Case-Laws Income Tax Tue, 29 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283383