Portal issues & Festive holidays: ITAT Patna Allows Delay Condonation

Chinmastika Sidhartha (JV) Vs ITO (ITAT Patna) The Income Tax Appellate Tribunal (ITAT), Patna, has remitted the case of Chinmastika Sidhartha (JV) vs. ITO back to the Assessing Officer (AO), directing a fresh examination of the assessee’s books of account. The decision provides the assessee, a joint venture, with a new opportunity to present evidence after the lower authorities had rejected its books and estimated its income. The dispute arose during the Assessment Year 2015-16. The assessee, a joint venture company, had filed a tax return showing a total income of nil. The case was sel...