https://www.taxtmi.com/caselaws?id=285992 The appeal was partly allowed for statistical purposes. The Tribunal condoned the delay in filing the appeal due to inadvertent misplacement of documents. However, additions on account of alleged suppression of sales of cloth and remission of liabilities were confirmed as the assessee failed to provide satisfactory explanations. The issue regarding the amount payable to ex-partners was remanded for fresh consideration, emphasizing the need for a reasonable opportunity for the assessee to be heard. The disallowance of unabsorbed depreciation was also remanded for further review. en-us Thu, 11 Feb 2016 00:00:00 +0530 Fri, 07 Feb 2020 09:41:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285992 The appeal was partly allowed for statistical purposes. The Tribunal condoned the delay in filing the appeal due to inadvertent misplacement of documents. However, additions on account of alleged suppression of sales of cloth and remission of liabilities were confirmed as the assessee failed to provide satisfactory explanations. The issue regarding the amount payable to ex-partners was remanded for fresh consideration, emphasizing the need for a reasonable opportunity for the assessee to be heard. The disallowance of unabsorbed depreciation was also remanded for further review. Case-Laws Income Tax Thu, 11 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285992