Delay Miscalculated, NFAC Must Rehear Appeal on Grants, Interest Income

Madhya Gujarat Vij Co. Ltd. Vs DCIT (ITAT Ahmedabad) Income Tax Appellate Tribunal (ITAT) Ahmedabad bench has partly allowed and remanded two appeals filed by Madhya Gujarat Vij Company Limited (MGVCL), a wholly-owned subsidiary of Gujarat Urja Vikas Nigam, back to the National Faceless Appeal Centre (NFAC). The ITAT’s decision on one appeal notably highlighted that the due date for filing an appeal should be calculated from the date the assessment order is served on the assessee, not merely from its issuance date. Appeal for Assessment Year 2017-18 (ITA No. 109/Ahd/2025) For Assessment ...