https://www.taxtmi.com/caselaws?id=415818 The Tribunal condoned the delay in filing the appeal due to a genuine reason, allowing it to be heard on merits. The addition made under Section 68 of the Income Tax Act was deemed unjustified as the specific section was not mentioned, and bank statements were not considered as books of accounts. Consequently, the Tribunal directed the deletion of the addition. The same findings were applied to appeals for subsequent assessment years, resulting in all appeals being allowed. en-us Tue, 02 Nov 2021 00:00:00 +0530 Wed, 15 Dec 2021 09:27:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415818 The Tribunal condoned the delay in filing the appeal due to a genuine reason, allowing it to be heard on merits. The addition made under Section 68 of the Income Tax Act was deemed unjustified as the specific section was not mentioned, and bank statements were not considered as books of accounts. Consequently, the Tribunal directed the deletion of the addition. The same findings were applied to appeals for subsequent assessment years, resulting in all appeals being allowed. Case-Laws Income Tax Tue, 02 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415818