https://www.taxtmi.com/caselaws?id=424766 The appeal filed by the assessee against the NFAC's order confirming the addition made by the AO was initially dismissed due to a delay of 50 days. However, the delay was condoned upon the assessee filing a condonation application. The Tribunal noted the non-appearance of the assessee before the authorities, leading to ex parte orders, and directed the issue to be restored to the AO for a final opportunity for the assessee to substantiate their case. The appeal was allowed for statistical purposes, emphasizing the importance of timely appeals, providing explanations for financial transactions, and appearing before authorities in tax assessment proceedings. en-us Wed, 29 Jun 2022 00:00:00 +0530 Fri, 08 Jul 2022 09:33:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424766 The appeal filed by the assessee against the NFAC's order confirming the addition made by the AO was initially dismissed due to a delay of 50 days. However, the delay was condoned upon the assessee filing a condonation application. The Tribunal noted the non-appearance of the assessee before the authorities, leading to ex parte orders, and directed the issue to be restored to the AO for a final opportunity for the assessee to substantiate their case. The appeal was allowed for statistical purposes, emphasizing the importance of timely appeals, providing explanations for financial transactions, and appearing before authorities in tax assessment proceedings. Case-Laws Income Tax Wed, 29 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424766