https://www.taxtmi.com/caselaws?id=407188 The Tribunal condoned the delay in filing the appeal due to professional pressure and admitted it for hearing. Regarding the addition of Rs. 15 lakhs under section 68 of the Act, the Tribunal found the Assessing Officer did not adequately consider the appellant's explanations and solely relied on a statement without allowing cross-examination. The order of Ld. CIT(A) was set aside, and the issue was remanded to the A.O. for fresh examination with directions to provide the appellant with an opportunity for cross-examination if requested. The appeal was treated as allowed for statistical purposes, emphasizing the importance of due process and examination of facts. en-us Fri, 16 Apr 2021 00:00:00 +0530 Mon, 03 May 2021 08:17:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407188 The Tribunal condoned the delay in filing the appeal due to professional pressure and admitted it for hearing. Regarding the addition of Rs. 15 lakhs under section 68 of the Act, the Tribunal found the Assessing Officer did not adequately consider the appellant's explanations and solely relied on a statement without allowing cross-examination. The order of Ld. CIT(A) was set aside, and the issue was remanded to the A.O. for fresh examination with directions to provide the appellant with an opportunity for cross-examination if requested. The appeal was treated as allowed for statistical purposes, emphasizing the importance of due process and examination of facts. Case-Laws Income Tax Fri, 16 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407188