ITA No. 573/Mum/2024 (A.Y: 2018-19)

Parties Involved

Facts Summary

The appellant, Monterossa Premises Co-operative Society Limited, filed its return of income for the assessment year 2018-19 on 31.10.2018, declaring an income of Rs. 10,31,990/-. The return was processed under section 143(1) on 12.07.2019, and the Assessing Officer disallowed a claim under section 80P (2)(cii) amounting to Rs. 50,000/-. The appellant filed an appeal before the Commissioner of Income Tax (Appeals) along with an application for condonation of delay, which was dismissed by the CIT(A) as not maintainable due to the late filing of the appeal. The appellant then filed an appeal before the ITAT, Mumbai Bench, challenging the order of the CIT(A).…

Legal Issues

• 1. Whether the grounds for condonation of delay were sufficient to warrant the acceptance of the appeal?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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