ITAT Condoned 134-Day Delay: Waiting for Section 154 Outcome Held a Bona Fide Reason

Next Automotive Era Pvt. Ltd. Vs ITO (ITAT Delhi) ITAT Condoned 134-Day Delay: Waiting for Section 154 Outcome Held a Bona Fide Reason The Delhi ITAT held that a 134-day delay in filing an appeal before the CIT(A) deserved to be condoned where the assessee had first pursued a rectification application under Section 154 and was awaiting its disposal. The assessee had filed a rectification application immediately after receiving the assessment order and reasonably believed that if the mistakes were rectified, there would be no necessity to file an appeal. Only after the Assessing Officer rejecte...