ITAT Condoned 140-Day Delay, Says Substantial Justice Must Prevail Over Technicalities The ITAT Bangalore condoned a 140-day delay in filing the appeal, holding that substantial justice should prevail over technical limitations. Observing the assessment was high-pitched, the Tribunal set aside the CIT(A)’s order and remanded the matter for fresh adjudication on merits after hearing the…
ITAT: Validates Cash Deposits During Demonetisation Sourced From Assessee’s Deceased Mother; Deletes Sec. 69A Addition The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has allowed an appeal filed by Jamshed Naval Karanjia against the Commissioner of Income Tax for Assessment Year 2017-18 and deleted an addition of Rs 6.70 lakh made in respect of…
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