https://www.taxtmi.com/caselaws?id=400803 The Tribunal condoned the delay in filing the appeal due to reasonable reasons not attributable to the assessee. Despite lack of concrete evidence, unexplained cash deposits in the bank account were treated as unaccounted income, with a portion added to the assessment. The Tribunal considered the cash deposits as representing undisclosed turnover of the firm and attributed a specific amount as unaccounted income. The delay in pronouncing the order was justified by the Tribunal due to the Covid-19 lockdown situation, and the appeal was partly allowed based on the circumstances and evidence presented. en-us Wed, 08 Jul 2020 00:00:00 +0530 Thu, 19 Nov 2020 09:05:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400803 The Tribunal condoned the delay in filing the appeal due to reasonable reasons not attributable to the assessee. Despite lack of concrete evidence, unexplained cash deposits in the bank account were treated as unaccounted income, with a portion added to the assessment. The Tribunal considered the cash deposits as representing undisclosed turnover of the firm and attributed a specific amount as unaccounted income. The delay in pronouncing the order was justified by the Tribunal due to the Covid-19 lockdown situation, and the appeal was partly allowed based on the circumstances and evidence presented. Case-Laws Income Tax Wed, 08 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400803