https://www.taxtmi.com/caselaws?id=440773 The Tribunal condoned the delay in filing the appeal to ensure justice and proceeded to address the merits. The assessee's appeal against the Principal Commissioner's order under section 263 of the Income Tax Act was dismissed. The Tribunal upheld the Principal Commissioner's decision to remand the case to the Assessing Officer for further verification of cash deposits made during the demonetization period. The Assessing Officer was directed to verify the source of cash deposits, and if satisfied, no addition would be made; otherwise, the deposits would be treated according to the law. The decision was pronounced on July 21, 2023. en-us Fri, 21 Jul 2023 00:00:00 +0530 Wed, 31 Jan 2024 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440773 The Tribunal condoned the delay in filing the appeal to ensure justice and proceeded to address the merits. The assessee's appeal against the Principal Commissioner's order under section 263 of the Income Tax Act was dismissed. The Tribunal upheld the Principal Commissioner's decision to remand the case to the Assessing Officer for further verification of cash deposits made during the demonetization period. The Assessing Officer was directed to verify the source of cash deposits, and if satisfied, no addition would be made; otherwise, the deposits would be treated according to the law. The decision was pronounced on July 21, 2023. Case-Laws Income Tax Fri, 21 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440773