Case Law Details
United Tropican Veneers Private Limited Vs. ACIT (ITAT Cochin)
These appeals were filed by the ex-Directors of the assessee-company with a delay of 329 days. Petitions for condonation of delay were filed by the ex-Directors along with affidavits of the ex-Managing Directors stating therein that the quantum assessments and penalty orders were passed subsequent to their retirement and was not aware of the assessments and penalty proceedings till the ex-Directors received the recovery notices for penalty imposition u/s 271(1)(c) of the I.T.Act. At the insistence of the Bench, the present management of the assessee-company filed revised Form No.36 along with condonation petitions and affidavits of the present Managing Directors stating the reason of financial crises, labour unrest etc. for belated filing of appeals.
ITAT has perused the material on record and heard the rival submissions on the delayed condonation petition. We are of the view the delay in filing these appeals are on account of difficulties faced by the assessee-company such as financial crises, labour unrest etc. These facts are borne out from the material placed on record. Therefore, no latches can be attributed to the assessee-company for the belated filing of these appeals. Hence, the delay in filing these appeals are condoned and we proceed to dispose of the same on merits
FULL TEXT OF THE ITAT JUDGEMENT
These appeals at the instance of the assessee are directed against five orders of the CIT(A), all dated 19.01.2018. The relevant assessment years are 2000-2001 to 2014-2015. The orders of the CIT(A) arise out of the orders passed u/s 271(1)(c) of the I.T.Act.
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