ITAT allows one more opportunity to appellant under liquidation to substantiate its case before CIT(A)

Integrated Finance Company Limited Vs ACIT (ITAT Chennai)

The ld. Counsel for the assessee has submitted that the assessee company, being under liquidation, was under strenuous pressure of running behind the Hon’ble High Court and public depositors as well as bond holders for consolidation and recover the dues with lack of sufficient staff and thereby could not put appearance before the ld. CIT(A) and prayed for one more opportunity of being heard to the assessee to substantiate its claim before the ld. CIT(A).

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