ITAT Condones Delay in Appeal Filing, Says Delay Explanation Acceptance Should Be Rule

Sekhari Ganna Vikas Samiti Ltd Vs ITO (ITAT Delhi) In the case of Sekhari Ganna Vikas Samiti Ltd vs. Income Tax Officer (ITO), the Income Tax Appellate Tribunal (ITAT) Delhi condoned a 236-day delay in filing an appeal. Sekhari Ganna Vikas Samiti, a cooperative society, had initially filed a return showing no taxable income for the assessment year 2020-21 after claiming a deduction under Section 80P of the Income Tax Act. However, the Assessing Officer (AO) disallowed a part of the Section 80P deduction, specifically ₹12,18,305 in interest income, and added ₹24,000 in rental income. Follow...