Hon’ble Bombay High Court Condones 8 years delay in filing appeal against penalty Orders

Anatek Services Pvt Ltd. Vs ACIT (Bombay High Court) The Hon’ble Bombay High Court by Order dated 11.02.2022, Friday condoned delay of about 8 years in filing Appeals against penalty Orders, quashing the Orders of Hon’ble ITAT and Ld. CIT (A) rejecting to condone the delay. The delay was condoned on the grounds that the Ld. CIT (A) has not observed that the Income Tax has launched prosecution against the assessee after delay of 8-9 years and hence the same benefit should be passed on to the assesee. The Income Tax Department had launced massive prosecutions in the past against the ...