https://www.taxtmi.com/caselaws?id=391446 The Tribunal condoned the delay in filing the appeal due to the assessee's reasonable cause, admitting the appeal for merits consideration. The addition of Rs. 45,00,000 as unexplained income under Section 69A of the Income Tax Act was upheld, as the assessee failed to provide satisfactory explanations or evidence for the cash deposits. The Tribunal granted the assessee an opportunity to produce relevant documents to substantiate the source of the deposits, remitting the case back to the Assessing Officer for fresh consideration. The appeal was partly allowed for statistical purposes. en-us Mon, 27 Jan 2020 00:00:00 +0530 Tue, 28 Jan 2020 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391446 The Tribunal condoned the delay in filing the appeal due to the assessee's reasonable cause, admitting the appeal for merits consideration. The addition of Rs. 45,00,000 as unexplained income under Section 69A of the Income Tax Act was upheld, as the assessee failed to provide satisfactory explanations or evidence for the cash deposits. The Tribunal granted the assessee an opportunity to produce relevant documents to substantiate the source of the deposits, remitting the case back to the Assessing Officer for fresh consideration. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Mon, 27 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391446