ITAT Condones 233-Day Delay, Restores Appeal on ₹53.24 Lakh LTCG Addition

Advertisement Babai Krushana Ghule Vs ITO (ITAT Pune) The ITAT Pune considered an appeal against the order dated 20.03.2025 passed by the CIT(A)/NFAC for AY 2013-14. The Tribunal first condoned a delay of 233 days in filing the appeal after being satisfied that the assessee had shown sufficient cause, supported by an affidavit. The assessment had been reopened under Section 147 of the Income-tax Act after the assessee, along with four others, entered into a joint development agreement for a property at Satara with a total consideration of ₹3,32,01,500, comprising cash and built-up area. S...