ITAT Mumbai Restores Tax Appeal Due to Covid Delay Exemption

Ivan Santosh Fernandes Vs DCIT (ITAT Mumbai) In the case Ivan Santosh Fernandes vs. Deputy Commissioner of Income Tax (ITAT Mumbai), the assessee appealed against the reassessment order and a penalty imposed for Assessment Year (AY) 2012-13. The case stemmed from the reopening of Mr. Fernandes’ assessment, which resulted in a revised income of ₹2,46,88,933, significantly higher than his originally filed amount. The appeal to the Commissioner of Income Tax (Appeals) [CIT(A)] was initially dismissed due to a delay, as CIT(A) found the appellant’s reasons unconvincing, citing that he fa...