ITAT Quashes Sec. 271(1)(c) Penalty on Bank Credit Entries, Condones 1607-Day Delay

Biren Dhirajlal Shah Vs ITO (ITAT Ahmedabad)

A. Whether the delay of 1607 days in filing the appeal deserves to be condoned? 

The Income Tax Appellate Tribunal (ITAT) Ahmedabad addressed the condonation of a significant delay of 1607 days in filing an appeal by Biren Dhirajlal Shah against the Income Tax Officer (ITO), alongside the validity of a penalty imposed under Section 271(1)(c) of the Income Tax Act pertaining to the Assessment Year 2008-09. Regarding the delay, the Tribunal emphasized that the length of the delay is secondary to the existence of a

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