MD AFSCS Ltd Poodur vs. Income Tax Officer

Parties Involved

Facts Summary

The assessee, MD AFSCS Ltd Poodur, filed its return of income on 28/10/2017 declaring NIL income after claiming deduction under Chapter VIA i.e. u/s 80P amounting to Rs.2,24,868/-. The assessment was taken up for scrutiny under CASS and the Assessing Officer issued various notices u/s 142(1) of the I.T. Act, 1961. The assessee neither appeared nor filed any details. Therefore, the Assessing Officer passed best judgment assessment order u/s 144 of the I.T. Act, 1961 on 29/12/2019 and determined the total income at Rs.13,27,84,178/-. The assessee carried the matter in appeal before the first appellate authority but the appeal was delayed by 7 days. The appellant has filed the petition for condonation of delay explaining the reasons therein. The learned CIT (A) after considering the relevant reasons given by the assessee for delay in filing of the appeal, rejected the reasons given by the assessee and dismissed the appeal filed by the assessee without condoning the delay.…

Legal Issues

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

Judgment Outcome

Decided in favour of Assessee.

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