Delay in filing of an appeal condoned due to reasonable cause shown: ITAT Pune

Ecoboard Industries Ltd. Vs DCIT (ITAT Pune) ITAT Pune held that delay in filing of an appeal before CIT(A) condoned due to company’s financial position and non-pursuing of appeals by tax consultant. Accordingly, matter remitted to file of CIT(A) for denovo adjudication. Facts- The assessee is a company engaged in the business as manufacturer of particle Boards which are made from Bagasse (dry waste from sugar factory). The case of the assessee was selected for complete scrutiny and various additions/ disallowances were made. AO also initiated proceedings u/s.270A(2) of the Act and issued sh...