Scrap Business Has No Fixed Pattern; Section 68 Addition Deleted Under 44AD: ITAT Agra

Anand Kumar Jain Vs ITO (ITAT Agra) The assessee filed an appeal against the order dated 23.10.2024 passed by the Commissioner of Income-tax (Appeals), NFAC, Delhi for Assessment Year 2017-18. There was a delay of 196 days in filing the appeal before the Tribunal. The assessee submitted an application for condonation of delay supported by an affidavit, stating that the delay occurred due to the demise of his counsel, Shri P.N. Agarwal, and that he was unaware of the appellate order. Upon consulting a new counsel, he immediately proceeded to file the appeal. The Tribunal observed that there was...