Delay of around 6 years condoned since bonafide belief is sufficient cause: ITAT Bangalore

Sivarama Krishnaiah Gumpena Vs ITO (ITAT Bangalore)

ITAT Bangalore condoned delay of around 6 years in filing of an appeal since the delay was not deliberate and held that bonafide belief of an assessee is sufficient cause for not filing the appeal within prescribed time limit.

Facts- The case of the assessee was selected for scrutiny. AO completed the assessment by making additions towards Interest from Bank Deposits of Rs.18,714, unexplained cash deposits into bank for Rs.5,00,000 and difference in salary income declared and as per Form 26AS to the tune of

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