https://www.taxtmi.com/caselaws?id=429807 The Tribunal accepted the condonation of a 17-day delay in filing the appeal due to an office assistant's oversight. Despite multiple notices, the assessee failed to appear, resulting in an ex parte adjudication based on available material. The Tribunal confirmed the addition of Rs. 23,49,50,000 under section 68 of the Income Tax Act, 1961, for unexplained cash credits, as the assessee could not prove the source, identity of shareholders, or genuineness of transactions. The appeal was dismissed due to insufficient explanations and evidence provided by the assessee, upholding the addition. en-us Thu, 29 Sep 2022 00:00:00 +0530 Sat, 05 Nov 2022 08:29:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429807 The Tribunal accepted the condonation of a 17-day delay in filing the appeal due to an office assistant's oversight. Despite multiple notices, the assessee failed to appear, resulting in an ex parte adjudication based on available material. The Tribunal confirmed the addition of Rs. 23,49,50,000 under section 68 of the Income Tax Act, 1961, for unexplained cash credits, as the assessee could not prove the source, identity of shareholders, or genuineness of transactions. The appeal was dismissed due to insufficient explanations and evidence provided by the assessee, upholding the addition. Case-Laws Income Tax Thu, 29 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429807