https://www.taxtmi.com/caselaws?id=408841 The Tribunal condoned the delay in filing the appeal by the Assessee, attributing it to a genuine belief based on incorrect advice. The Tribunal directed the Assessing Officer to delete the protective addition of income from undisclosed sources made in the hands of the Assessee, as the substantive addition had been settled and accepted by M/s Saheli Developers. Verification of the settlement by M/s Saheli Developers was ordered, leading to the deletion of the protective addition. The decision favored the Assessee, allowing the appeal for statistical purposes. en-us Tue, 15 Jun 2021 00:00:00 +0530 Wed, 23 Jun 2021 10:10:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408841 The Tribunal condoned the delay in filing the appeal by the Assessee, attributing it to a genuine belief based on incorrect advice. The Tribunal directed the Assessing Officer to delete the protective addition of income from undisclosed sources made in the hands of the Assessee, as the substantive addition had been settled and accepted by M/s Saheli Developers. Verification of the settlement by M/s Saheli Developers was ordered, leading to the deletion of the protective addition. The decision favored the Assessee, allowing the appeal for statistical purposes. Case-Laws Income Tax Tue, 15 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408841