Delay in filing quantum appeal and penalty appeal condoned on demonstrating sufficient cause

Ravindrabhai Lakshmanrav Mane Vs ITO (ITAT Ahmedabad) ITAT Ahmedabad condoned delay of 326 days in filing quantum appeal and delay of 1 day in filing penalty appeal as assessee demonstrated sufficient cause for the delay. Facts- Assessee has preferred present appeal against appellate order passed by the CIT(A) confirming levy of penalty under section 271(1)(c) of the Income Tax Act. Notably, there is a delay of 326 days in filing quantum appeal and delay of 1 day in filing penalty appeal. Conclusion- The assessee has demonstrated a reasonable cause for not filing the appeals within the statuto...