Delay of 1473 days cannot be condoned for Illness of MD of Company

Kanodia Investments Private Limited Vs DCIT (ITAT Allahabad)

ITAT held that Even if it is assumed MD was ill which incapacitated him for continuously four years , the assessee could have entrusted the task to other Directors/officers of the assessee (very heavy onus on assessee to prove with cogent evidence of MD being incapacitated for four years which assessee failed to bring on record, and then reasons for continuing with the MD if he was so incapacitated for a long period of four years) , as the issue involved on merit touching upon

Please become a Premium member. If you are already a Premium member, login here to access the full content.