ITAT Agra Quashes Reassessment for initiation on a Non-Existent PAN

Guru Shoes Tech Pvt. Ltd Vs ITO (ITAT Agra) The Income Tax Appellate Tribunal (ITAT), Agra Bench, partly allowed the assessee’s appeal for Assessment Year 2016-17 arising from an order passed by the National Faceless Appeal Centre against the assessment order framed under Sections 147 read with 144 of the Income-tax Act, 1961. At the outset, the Tribunal considered a delay of 535 days in filing the appeal before it. After examining the reasons stated in the condonation petition, the Tribunal held that the assessee had been prevented by sufficient cause from filing the appeal within the p...