Delay Condoned for 81-Year-Old, Capital Gains Reassessment Restored

Jhansi Lakshmi Ramanadham Vs ITO (ITAT Hyderabad) Age, dependence & apparent injustice matter: ITAT condones delay & restores capital-gains assessment of 81-year-old assessee Hyderabad ITAT condoned a delay of 292 days in filing the appeal & set aside the ex-parte order, restoring the matter to the file of AO for fresh adjudication. Tribunal noted that the assessee was an 81-year-old lady, unfamiliar with online procedures, dependent on her consultant, & frequently travelling abroad to visit her children settled in the USA. It was found that she became aware of dismissal of her...