ITAT Bangalore Condones Appeal Delay Due to Assessee Filing Returns Under New PAN

Hunnur Souhard Credit Sahakari Sangh Niyamit Hunnur Vs ITO (ITAT Bangalore) The assessee, a co-operative society, filed appeals against the orders of the National Faceless Appeal Centre (NFAC) for Assessment Years 2015-16 and 2016-17. The Assessing Officer (AO) reopened the assessments under Section 147 on the ground that substantial cash deposits had been made into the assessee’s bank account and no return of income had been filed. Notices under Sections 148 and 142(1), followed by a show-cause notice under Section 144, were issued. As the assessee did not respond, the AO treated the cash d...