https://www.taxtmi.com/caselaws?id=402224 The appeal filed by the assessee was partially allowed. The addition of Rs. 50,000 under Section 41(1) of the Income Tax Act was vacated as the conditions for invoking the section were not met. The matter concerning the addition of Rs. 6,98,007 was remanded for fresh adjudication due to lack of proper verification by the authorities. The procedural delay in pronouncing the order beyond the 90-day period was justified by the Tribunal due to the COVID-19 pandemic, with the lockdown period excluded from the computation of the 90-day limit. en-us Tue, 30 Jun 2020 00:00:00 +0530 Sat, 26 Dec 2020 11:18:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402224 The appeal filed by the assessee was partially allowed. The addition of Rs. 50,000 under Section 41(1) of the Income Tax Act was vacated as the conditions for invoking the section were not met. The matter concerning the addition of Rs. 6,98,007 was remanded for fresh adjudication due to lack of proper verification by the authorities. The procedural delay in pronouncing the order beyond the 90-day period was justified by the Tribunal due to the COVID-19 pandemic, with the lockdown period excluded from the computation of the 90-day limit. Case-Laws Income Tax Tue, 30 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402224