ITAT Remands Assessment as AO Rejected Mandatory Section 50C(2) DVO Reference

Tapan Das Vs ITO (ITAT Kolkata) The Income Tax Appellate Tribunal (ITAT), Kolkata, considered an appeal against the order of the National Faceless Appeal Centre (NFAC) for the Assessment Year 2014-15. The appeal was filed with a delay of 118 days, which the assessee attributed to health issues. Relying on the principle laid down by the Supreme Court in Collector, Land & Acquisition vs. Mst. Katiji & Others, the Tribunal held that delays supported by sufficient cause should be viewed liberally in the interest of substantial justice and accordingly condoned the delay. The assessee had or...