ITAT Cuts Demonetisation Addition After Finding Books Reliable

Jai Prakash Vs ITO (ITAT Chandigarh) Audited Books & Consistent Sales Save the Day – ITAT Chandigarh Cuts Demonetisation Addition to Bare Minimum The appeal was filed with a delay of 457 days, explained by Assessee through an affidavit stating that, due to lack of legal knowledge, he mistakenly re-filed appeal before CIT(A) instead of Tribunal. Tribunal held that the cause was bona fide, & applying principles of substantial justice & exclusion of time spent before wrong forum, condoned the delay u/s 253(5). On merits, Assessee, a trader in cattle & animal feed with audite...