Mere affidavits of CAs not sufficient to Condone Delay in Filing Appeal

M/s. Astec Lifesciences Ltd. Vs DCIT (ITAT Mumbai)

The assessee is well aware of the fact of its case and accordingly taken a conscious decision not to file appeal against the addition made by the AO on the basis of information received from DGIT (Inv) which suggests obtaining bogus purchase bills from hawala operators and this fact was further supported by the statement recorded from the Director of the company during the course of survey proceedings.

When the assessee has taken a conscious decision not to file appeal against the order passed by the AO, there is no valid re

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