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

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 aware of the proceedi...