https://www.taxtmi.com/caselaws?id=774361 ITAT Pune condoned 172-day delay in filing appeal, adopting liberal approach where merits outweigh technical limitations, citing SC precedent allowing 1537-day delay. Court found reasonable cause prevented timely filing. Regarding adhoc disallowance of 50% cash purchases from unregistered dealers, ITAT deleted addition noting assessee maintained proper quantitative records and audited books for jewelry business. AO's verification was incomplete, making adhoc disallowance unsustainable when no defects found in maintained records. Appeal allowed. en-us Fri, 27 Jun 2025 00:00:00 +0530 Tue, 08 Jul 2025 08:36:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774361 ITAT Pune condoned 172-day delay in filing appeal, adopting liberal approach where merits outweigh technical limitations, citing SC precedent allowing 1537-day delay. Court found reasonable cause prevented timely filing. Regarding adhoc disallowance of 50% cash purchases from unregistered dealers, ITAT deleted addition noting assessee maintained proper quantitative records and audited books for jewelry business. AO's verification was incomplete, making adhoc disallowance unsustainable when no defects found in maintained records. Appeal allowed. Case-Laws Income Tax Fri, 27 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774361