Imposition of ₹2k cost for unexplained delay in filing appeal and matter remanded for fresh adjudication

Udai Lal Mahabir Prasad HP Petrol Pump Vs ITO (ITAT Jaipur) Conclusion: Tribunal had imposed a cost of ₹2,000 on M/s. Udai Lal Mahabir Prasad for failing to explain the delay in filing its appeal and remanded the disallowance issue to the Assessing Officer (AO) for fresh adjudication. Held: Assessee had appealed an order passed under section 143(1). CIT(A) dismissed the appeal as time barred, noting a delay of 1,401 days in filing. CIT(A) recorded that assessee had failed to furnish sufficient cause for condonation of delay, particularly for the period from 18.11.2022 to 30.03.2023, and had ...