Condonation allowable for non-deliberate delay in filing of Form 27C declaration U/s. 206C(1A)

Eid Mohammad Nizamuddin Vs ITO (ITAT Jaipur) Conclusion: Delay in filing declarations in Form 27C being a technical breach was thus condoned and the same were being admitted as there was substantial compliance with the requirement of filing the declarations. The matter was set-aside to the file of AO for verification of declarations so filed by assessee in Form 27C and examination of claim of the assessee u/s 206C(IA) afresh in accordance with law. Held: During the course of survey proceedings, it was found that assessee firm had sold Tendu Leaves to various parties which fell under the catego...