Section 56(2)(x)(b) Addition Remanded for DVO Reference Examination: ITAT Chennai

Advertisement Palaniappan Manonmani Vs ITO (ITAT Chennai) The ITAT Chennai considered the assessee’s appeal against the order of the Commissioner of Income Tax (Appeals), NFAC, for Assessment Year 2018-19. The Tribunal first condoned a delay of 273 days in filing the appeal after accepting the assessee’s explanation that, being a senior citizen with limited knowledge of the digital environment, coupled with medical ailments requiring treatment and bed rest, she could not attend to the income-tax proceedings. The Tribunal noted that the assessee acted promptly after becoming awar...