ITAT Chennai: Appeals Allowed, Cost Imposed for Non-Appearance

Bhandari Foils and Tubes Ltd Vs DCIT (ITAT Chennai) Introduction: The Income Tax Appellate Tribunal (ITAT) in Chennai recently passed an order in the case of Bhandari Foils and Tubes Ltd vs. DCIT, involving assessment years 2009-10 to 2011-12. The appeals were filed by the assessee against the orders of the Commissioner of Income Tax (Appeals) and pertained to a delay in filing the appeals. This article provides a detailed analysis of the case, including the background, legal arguments, and the tribunal’s decision. Detailed Analysis: 1. Background: The appellant company had filed its inc...