https://www.taxtmi.com/caselaws?id=437184 The Supreme Court condoned the delay in filing appeals and cross objections due to the pandemic. Assessing Officer's addition of unexplained cash deposits was reduced from Rs. 1,00,53,000 to Rs. 5,21,199. Rs. 2.35 crores added under Section 68 was accepted as genuine after assessee provided necessary documents. The Tribunal upheld the dismissal of Revenue's appeals and allowed the assessee's cross objections for the assessment years 2014-15 and 2015-16 on April 26, 2023. en-us Wed, 26 Apr 2023 00:00:00 +0530 Mon, 01 May 2023 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437184 The Supreme Court condoned the delay in filing appeals and cross objections due to the pandemic. Assessing Officer's addition of unexplained cash deposits was reduced from Rs. 1,00,53,000 to Rs. 5,21,199. Rs. 2.35 crores added under Section 68 was accepted as genuine after assessee provided necessary documents. The Tribunal upheld the dismissal of Revenue's appeals and allowed the assessee's cross objections for the assessment years 2014-15 and 2015-16 on April 26, 2023. Case-Laws Income Tax Wed, 26 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437184