Delay in filing of an appeal condoned as sufficient cause shown: ITAT Kolkata

Manali Properties & Finance Pvt. Ltd. Vs DCIT (ITAT Kolkata) ITAT Kolkata held that condonation of delay in filing of an appeal is liable to be allowed as sufficient cause shown. Accordingly, order of CIT(A) set aside and matter restored back for fresh adjudication. Facts- The assessee is engaged in the business of trading, dealing, investment in shares and securities. The case of the assessee has been selected for scrutiny by the AO and the AO has added the sum of 6,14,83,565/- to the income of the assessee as income from other sources. CIT(A) wherein the appeal of the assessee has been d...