https://www.taxtmi.com/caselaws?id=444105 The court condoned the delay in filing and re-filing the appeal, allowing it to proceed. The additions made under Section 68 of the Income Tax Act for the Assessment Year 2012-13 were deleted by the CIT(A) and upheld by the Tribunal. The court found the investments in line with RBI guidelines and dismissed the appellant's arguments regarding the genuineness of the investments. Additionally, the disallowance of travelling expenses was overturned as the expenses were deemed to have a business nexus. The appeal was closed with no substantial question of law for consideration. en-us Mon, 04 Sep 2023 00:00:00 +0530 Tue, 10 Oct 2023 08:28:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444105 The court condoned the delay in filing and re-filing the appeal, allowing it to proceed. The additions made under Section 68 of the Income Tax Act for the Assessment Year 2012-13 were deleted by the CIT(A) and upheld by the Tribunal. The court found the investments in line with RBI guidelines and dismissed the appellant's arguments regarding the genuineness of the investments. Additionally, the disallowance of travelling expenses was overturned as the expenses were deemed to have a business nexus. The appeal was closed with no substantial question of law for consideration. Case-Laws Income Tax Mon, 04 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444105