ITAT Pune condone Delay in Filing Audit Report as valid reason is provided

Roshan A Kudalkar Vs ITO (ITAT Pune)

Income Tax Appellate Tribunal (ITAT) Pune ruled in favor of the deceased assessee, Roshan A Kudalkar, in an appeal against an order by the Commissioner of Income Tax (Appeals) – National Faceless Appeal Centre (NFAC) for Assessment Year 2015-16. The key dispute revolved around an addition of ₹28,57,681 made by the Assessing Officer (AO) based on a perceived discrepancy in closing stock. The tribunal found that the AO had merely calculated the difference between the closing stock of two assessment years without properly considering the assess

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