https://www.taxtmi.com/caselaws?id=390226 The delay in filing appeals was condoned. The addition of Rs. 50 lakhs as unexplained cash credit under Section 68 was deleted. The addition of Rs. 23.25 lakhs as unexplained cash credit under Section 68 was also deleted. The total addition of Rs. 73.25 lakhs as unexplained cash credit under Section 68 was deleted. The addition of Rs. 1.25 lakhs as unexplained cash credit under Section 68 was sustained. The addition of Rs. 50 lakhs as deemed dividend under Section 2(22)(e) was affirmed. en-us Mon, 23 Dec 2019 00:00:00 +0530 Thu, 26 Dec 2019 07:05:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390226 The delay in filing appeals was condoned. The addition of Rs. 50 lakhs as unexplained cash credit under Section 68 was deleted. The addition of Rs. 23.25 lakhs as unexplained cash credit under Section 68 was also deleted. The total addition of Rs. 73.25 lakhs as unexplained cash credit under Section 68 was deleted. The addition of Rs. 1.25 lakhs as unexplained cash credit under Section 68 was sustained. The addition of Rs. 50 lakhs as deemed dividend under Section 2(22)(e) was affirmed. Case-Laws Income Tax Mon, 23 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390226