Covid & Wrong Advice Justify Delay: ITAT Calls for De-Novo Hearing on 153A Assessment

Pusa Nanda Kumar Vs DCIT (ITAT Hyderabad) Wrong CA Advice & Covid Delay Accepted—Tribunal Orders De-Novo Examination of 153A Addition with No Incriminating Material Assessee filed appeal with 868-day delay against CIT(A)’s order sustaining addition of ₹1,17,50,000/- u/s 50C in search assessment u/s 153A. Delay-condonation petition & affidavit explained that earlier CA wrongly advised not to appeal; later Assessee attempted settlement under Vivad-se-Vishwas which was rejected due to prosecution u/s 276C(2); Covid-19 period further contributed to delay. Tribunal held that wrong...