632-Day Delay Rejected; Appeal Time-Barred; U/s 271(1)(c) Penalty Quashed for No Satisfaction – ITAT Hyderabad

Srimad Virat Pottuluri Veera Vs ITO (ITAT Hyderabad)

Delay of 632 Days Not Condoned – Appeal Dismissed as Time-Barred; Penalty u/s 271(1)(c) Quashed for Lack of Satisfaction in Assessment Order – ITAT Hyderabad

In the first appeal, a religious trust sought condonation of 632-day delay citing death of founder, internal disputes and takeover by Endowment Authority. ITAT held that “sufficient cause” must show circumstances beyond control and mere internal iss

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