https://www.taxtmi.com/caselaws?id=443403 The delay in filing the appeal was condoned due to the Covid Pandemic, reducing the effective delay to 42 days. The challenge against the reopening of the case under Section 148 was rejected as the reasons recorded were deemed valid and based on tangible material. The addition of Rs. 39,05,000 as unexplained money was overturned in favor of the assessee, supported by evidence of the cash deposits being from the sale of agricultural land. The appeal was allowed in favor of the assessee. en-us Fri, 07 Jul 2023 00:00:00 +0530 Fri, 22 Sep 2023 09:12:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443403 The delay in filing the appeal was condoned due to the Covid Pandemic, reducing the effective delay to 42 days. The challenge against the reopening of the case under Section 148 was rejected as the reasons recorded were deemed valid and based on tangible material. The addition of Rs. 39,05,000 as unexplained money was overturned in favor of the assessee, supported by evidence of the cash deposits being from the sale of agricultural land. The appeal was allowed in favor of the assessee. Case-Laws Income Tax Fri, 07 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443403