https://www.taxtmi.com/caselaws?id=427711 The Tribunal allowed both appeals, remanding the cases to the CIT(A) for fresh adjudication. The delay in filing the appeal was condoned due to non-receipt of notices, leading to an ex-parte order. The reopening of assessment and addition of unexplained cash deposits were remanded for procedural lapses. The penalty under Section 271(1)(c) was also remanded for fresh decision post the quantum assessment review. The Tribunal emphasized fair hearings, compliance with procedural requirements, and advised the assessee to be vigilant in future proceedings. en-us Mon, 12 Sep 2022 00:00:00 +0530 Thu, 15 Sep 2022 07:51:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427711 The Tribunal allowed both appeals, remanding the cases to the CIT(A) for fresh adjudication. The delay in filing the appeal was condoned due to non-receipt of notices, leading to an ex-parte order. The reopening of assessment and addition of unexplained cash deposits were remanded for procedural lapses. The penalty under Section 271(1)(c) was also remanded for fresh decision post the quantum assessment review. The Tribunal emphasized fair hearings, compliance with procedural requirements, and advised the assessee to be vigilant in future proceedings. Case-Laws Income Tax Mon, 12 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427711