https://www.taxtmi.com/caselaws?id=412188 The Tribunal condoned the delay of 364 days in filing the appeal due to credible reasons provided by the assessee, including the impact of the Covid-19 pandemic on limitations for filing suits. The appeal was allowed to be decided on merits. Regarding the addition on account of out of books sales, the Tribunal directed the Assessing Officer to restrict the addition to the profit element, considering the average sale price of the Silver items as recorded in the books of accounts. As a result, the appeal of the assessee was partly allowed. en-us Mon, 06 Sep 2021 00:00:00 +0530 Mon, 13 Sep 2021 09:21:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412188 The Tribunal condoned the delay of 364 days in filing the appeal due to credible reasons provided by the assessee, including the impact of the Covid-19 pandemic on limitations for filing suits. The appeal was allowed to be decided on merits. Regarding the addition on account of out of books sales, the Tribunal directed the Assessing Officer to restrict the addition to the profit element, considering the average sale price of the Silver items as recorded in the books of accounts. As a result, the appeal of the assessee was partly allowed. Case-Laws Income Tax Mon, 06 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412188