https://www.taxtmi.com/caselaws?id=424706 The tribunal held that the assessment order was validly passed within the prescribed time limit despite being received after the deadline. Regarding the addition of Rs. 17,01,000 to the assessee's income, the tribunal accepted most explanations but upheld an addition of Rs. 1,96,779 due to insufficient evidence. The tribunal set aside the first appellate order and directed the Assessing Officer to delete the addition except for the specified amount. The appeal was partly allowed, with the decision pronounced in open court on 23.06.2022. en-us Thu, 23 Jun 2022 00:00:00 +0530 Thu, 07 Jul 2022 09:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424706 The tribunal held that the assessment order was validly passed within the prescribed time limit despite being received after the deadline. Regarding the addition of Rs. 17,01,000 to the assessee's income, the tribunal accepted most explanations but upheld an addition of Rs. 1,96,779 due to insufficient evidence. The tribunal set aside the first appellate order and directed the Assessing Officer to delete the addition except for the specified amount. The appeal was partly allowed, with the decision pronounced in open court on 23.06.2022. Case-Laws Income Tax Thu, 23 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424706