https://www.taxtmi.com/caselaws?id=440407 The Tribunal upheld the Pr. CIT's order under Section 263, emphasizing the importance of proper verifications in determining the source of cash deposits. The appeal by the assessee was dismissed, with the Tribunal finding the Assessing Officer's failure to verify the source of cash deposits as erroneous and supporting the Pr. CIT's decision for re-adjudication. The delay in filing the appeal was partially condoned for genuine reasons, totaling 21 days, with the Tribunal attributing the delay to bona fide reasons without intentional lapse by the assessee. en-us Fri, 14 Jul 2023 00:00:00 +0530 Mon, 17 Jul 2023 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440407 The Tribunal upheld the Pr. CIT's order under Section 263, emphasizing the importance of proper verifications in determining the source of cash deposits. The appeal by the assessee was dismissed, with the Tribunal finding the Assessing Officer's failure to verify the source of cash deposits as erroneous and supporting the Pr. CIT's decision for re-adjudication. The delay in filing the appeal was partially condoned for genuine reasons, totaling 21 days, with the Tribunal attributing the delay to bona fide reasons without intentional lapse by the assessee. Case-Laws Income Tax Fri, 14 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440407