https://www.taxtmi.com/caselaws?id=773578 The Tribunal condoned a 63-day delay in filing appeal due to assessee's wife's serious illness requiring hospitalization. The primary issue concerned cash deposits of Rs. 25,22,500 made during FY 2016-17 being wrongly added as unexplained cash credit under section 68 for AY 2015-16. The Tribunal held that additions must correspond to the correct assessment year and deleted the addition since deposits pertained to AY 2017-18, not 2015-16. The assessee's appeal was allowed. en-us Tue, 06 May 2025 00:00:00 +0530 Wed, 25 Jun 2025 09:23:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773578 The Tribunal condoned a 63-day delay in filing appeal due to assessee's wife's serious illness requiring hospitalization. The primary issue concerned cash deposits of Rs. 25,22,500 made during FY 2016-17 being wrongly added as unexplained cash credit under section 68 for AY 2015-16. The Tribunal held that additions must correspond to the correct assessment year and deleted the addition since deposits pertained to AY 2017-18, not 2015-16. The assessee's appeal was allowed. Case-Laws Income Tax Tue, 06 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773578