ITAT Condones 45-Day Delay, Favors Substantial Justice Over Technicalities

Shrirang Dattatraya Altekar Vs ITO (ITAT Pune) The case of Shrirang Dattatraya Altekar vs. Income Tax Officer (ITAT Pune) centered on an appeal against the CIT(A)’s order, which dismissed the assessee’s appeal due to a delay in filing. The underlying issue stemmed from an Assessing Officer’s addition of Rs. 20 lakhs to the assessee’s income, deemed an unexplained fixed deposit. The initial assessment arose from information received by the Income Tax Department indicating that the assessee had sold property and made significant fixed deposits. The Assessing Officer, beli...