M/s. Aashna Investments Private Limited vs The Assistant Commissioner of Income Tax

Parties Involved

Facts Summary

The appeal by the assessee, M/s. Aashna Investments Private Limited, arises from an order passed by the Commissioner of Income Tax (Appeals) National Faceless Appeal Centre (NFAC), Delhi for the assessment year 2017-18. The assessment was completed by the ACIT, Central Circle-2(1), Chennai under section 143(3) of the Income Tax Act, 1961. The assessee filed an appeal against the assessment order on 08.05.2021, which was 644 days late. The assessee attributed the delay to the severe health issues of their Chartered Accountant, Mr. Narendradas Mohnot, and the COVID-19 pandemic lockdown. The CIT(A) dismissed the appeal for the inordinate delay without considering the reasons provided by the assessee.…

Legal Issues

• 1. Whether the delay in filing the appeal can be condoned?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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