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

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 demonetisation perio...