Delay in filing cross-objection condoned and Tribunal directed to hear cross-objection

Bhagwanjibhai N. Delwadia Vs ACIT (Gujarat High Court) Gujarat High Court held that denial to condoned delay in filing cross-objections without adequate reasoning is not justifiable. Accordingly, order is quashed and delay in filing cross-objection condoned. Facts- A search was carried out at the residence and business premises of the petitioner on 16.2.1999. An Assessment Order dated 30.3.2001 was passed u/s. 158BC of the Income Tax Act, 1961. Being aggrieved by the Assessment Order, the petitioner preferred an appeal before the Commissioner of Income Tax (Appeals) who by order dated 31.7.20...