Monday, November 12, 2018

ITAT dismissed appeal as assessee failed to provide sufficient reasons for condonation of delay

IT : Where assessee, a scheduled bank, filed appeal with an unreasonable delay and there was no proper explanation offered by it for delay except stating that delay was due to transfer of concerned officer in branch with whom papers were pending for preparation of appeals, it was to be concluded that assessee had failed to give sufficient reasons to condone such delay and, therefore, appeal filed by it was to be dismissed being barred by limitation

from www.taxmann.com Latest Case Laws https://ift.tt/2PrGAa5

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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