https://www.taxtmi.com/caselaws?id=425881 The Tribunal upheld the addition of Rs. 5,00,000 under Section 69 of the Income Tax Act, as the assessee failed to provide evidence to refute the AO's findings. The delay in filing the appeal was condoned, allowing the case to be heard on merits. The reassessment proceedings were deemed valid, with the Tribunal finding no merit in the assessee's arguments. The appeal was dismissed, affirming the CIT(A)'s order and pronouncing the decision on 13th July 2022. en-us Wed, 13 Jul 2022 00:00:00 +0530 Wed, 03 Aug 2022 08:55:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425881 The Tribunal upheld the addition of Rs. 5,00,000 under Section 69 of the Income Tax Act, as the assessee failed to provide evidence to refute the AO's findings. The delay in filing the appeal was condoned, allowing the case to be heard on merits. The reassessment proceedings were deemed valid, with the Tribunal finding no merit in the assessee's arguments. The appeal was dismissed, affirming the CIT(A)'s order and pronouncing the decision on 13th July 2022. Case-Laws Income Tax Wed, 13 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425881