Delay Caused by Pending Section 154 Rectification Deserves Condonation: Bangalore ITAT

Advertisement Smt. Srujana Padma Vs ITO (ITAT Bangalore) Filing Rectification U/s 154 First Is Valid Reason for Delay – Bangalore ITAT Revives Appeal in Demonetisation SBN Deposit Case The Bangalore ITAT held that pursuing a rectification application u/s 154 before filing an appeal constitutes a valid and bona fide reason for delay in filing appeal before the CIT(A). Accordingly, the Tribunal condoned a 73-day delay and restored the matter back to the CIT(A) for adjudication on merits. The assessee’s case had been selected for limited scrutiny to examine cash deposits during the dem...