Exclusion of COVID-19 pandemic period from appeal filing limitation

SVP Industries Limited Vs DCIT (ITAT Delhi) In a recent development, the Income Tax Appellate Tribunal (ITAT) in Delhi ruled in the case of SVP Industries Ltd. Vs Deputy Commissioner of Income Tax (DCIT). The verdict concluded that the period affected by the COVID-19 pandemic should not count towards the limitation period for filing appeals, thereby condoning the delay in filing. The case revolved around the appeal by SVP Industries Ltd. against the Commissioner of Income Tax (Appeal)’s decision not to condone the delay in filing. The company argued that the Commissioner of Income Tax (...