Technical Delay Can’t Defeat Substantive Justice: ITAT Pune

Shrivardhan Biotech Private Limited Vs ITO (ITAT Pune) Technical Delay Can’t Defeat Substantive Justice: NFAC Dismissal Set Aside & Appeal Restored Pune ITAT set aside the ex-parte dismissal by CIT(A)/NFAC and restored the matter for fresh adjudication on merits, holding that procedural delay should not override substantial justice. The Assessee had filed its return declaring NIL taxable income and agricultural income of ₹2.07 crore, which was accepted in scrutiny u/s 143(3). However, while completing assessment, AO erroneously computed tax liability of ₹71.47 lakh and assessed taxab...