https://www.taxtmi.com/caselaws?id=431671 The Appellate Tribunal accepted the condonation application for delay in filing the appeal but dismissed all grounds raised by the assessee. The tribunal confirmed the addition of share premium as unexplained cash credit and disallowance of expenses, emphasizing the assessee's failure to comply with notices and provide necessary explanations. The appeal was rejected, affirming the lower authorities' decisions and underscoring the significance of complying with statutory requirements to avoid adverse consequences under the Income Tax Act. en-us Wed, 07 Dec 2022 00:00:00 +0530 Mon, 19 Dec 2022 09:16:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431671 The Appellate Tribunal accepted the condonation application for delay in filing the appeal but dismissed all grounds raised by the assessee. The tribunal confirmed the addition of share premium as unexplained cash credit and disallowance of expenses, emphasizing the assessee's failure to comply with notices and provide necessary explanations. The appeal was rejected, affirming the lower authorities' decisions and underscoring the significance of complying with statutory requirements to avoid adverse consequences under the Income Tax Act. Case-Laws Income Tax Wed, 07 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431671