ITAT Condones 972-Day Delay Citing Bona Fide Belief & Age of 71-Year-Old Assessee

Kirtikumar Champaklal Bhimani Vs ITO (ITAT Mumbai) The appeal was filed by the assessee against the order dated 24 April 2025 passed by the CIT(A)-2, Jaipur, dismissing the appeal against the intimation issued under Section 143(1) of the Income Tax Act, 1961, for Assessment Year (AY) 2021–22. The intimation order dated 4 July 2022 determined the assessee’s total income at ₹21,40,950 and raised a tax demand of ₹3,50,980. The assessee challenged the addition of ₹12,75,750 made to his income, contending that this represented rental income which was already offered under the head “Inco...