https://www.taxtmi.com/caselaws?id=421186 The Tribunal allowed the appeal for statistical purposes, remanding the issues of unexplained cash deposits and treatment of net profit from the used car business back to the Assessing Officer for fresh examination and consideration in accordance with the law. The delay in filing the appeal was condoned due to the appellant's reasonable grounds, admitting the appeal for adjudication. The Tribunal directed a re-examination of the source of cash deposits and provided the appellant with an opportunity to justify the business receipts, setting aside the CIT(A)'s order. en-us Mon, 11 Apr 2022 00:00:00 +0530 Mon, 18 Apr 2022 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421186 The Tribunal allowed the appeal for statistical purposes, remanding the issues of unexplained cash deposits and treatment of net profit from the used car business back to the Assessing Officer for fresh examination and consideration in accordance with the law. The delay in filing the appeal was condoned due to the appellant's reasonable grounds, admitting the appeal for adjudication. The Tribunal directed a re-examination of the source of cash deposits and provided the appellant with an opportunity to justify the business receipts, setting aside the CIT(A)'s order. Case-Laws Income Tax Mon, 11 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421186