ITAT Condoned 140-Day Delay in Appeal Filing Due to Incorrect Tax Consultant Advice

Chowlor Matada Swamy Vs DCIT (ITAT Bangalore) In the case of Chowlor Matada Swamy vs DCIT, the Income Tax Appellate Tribunal (ITAT) in Bangalore addressed an appeal regarding a significant delay in filing with the CIT(A). The delay of 140 days was attributed to the assessee’s misunderstanding about the prerequisites for filing the appeal. Initially, the assessee believed that a 20% deposit of the tax demand was necessary before lodging the appeal. This belief was compounded by the seizure of ₹24.50 lakhs in cash during a search at the assessee’s premises, leaving him without avai...