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On finding that the assessee has failed to make out a case of reasonable cause much less sufficient cause for an abnormal delay of more than six years in filing the appeal, the Indore ITAT declined to condone the inordinate delay in filing of appeal and consequently dismissed the appeal filed against the revision order passed u/s 263 of Income …

Delay

Irrespective of the delay occurred in filing fresh application for final approval u/s 80G of Income tax Act, the Kolkata ITAT directed the CIT to treat the application of assessee for final registration as 'filed within the time limit prescribed' and also pointed that the time consumed by the assessee in filing the revised application will not be taken into …

Supreme Court Case Title: Herbicides India Limited verses ACIT While setting aside the Rajasthan High Court orders, the Supreme Court restored the assessee's appeals by condoning the delay in filing the paper-book before High Court and observed that the assessee is entitled to have his appeals heard on merits. Madras High Court Case Title: Anamallais Bus Transports P. Ltd verses …

Delay By State To Issue Necessary Certificates: ITAT Quashes Revision Order

Supreme Court Small Tax Effect: Monetary Limit To Prefer An Appeal Before The Supreme Court Is Rs. Bombay High Court Case Title: The Principal Commissioner of Income Tax Versus M/s. Bombay High Court Case Title: M/s Bhatewara Associates Versus Union Of India The Bombay High Court has condoned a year-long delay in filing the Income Tax Return over "genuine hardships." …

The Mumbai Bench of the Income Tax Appellate Tribunal has deleted the addition made by the Centralised Processing Centre towards employees' contributions to the Provident Fund based on the tax auditor's statement reporting the delay in employee contribution remittances.The two-member bench of Aby T. Varkey and M. Balaganesh has observed. The Mumbai Bench of the Income Tax Appellate Tribunal has …

Non- Deliberate Delay In Late Filing SFT Return : ITAT Quashes Penalty

The Delhi Bench of the Income Tax Appellate Tribunal has quashed the penalty on the grounds that the delay in the late filing of the Statement of Financial Transaction return was not deliberate. A show cause notice was issued on 08.09.2017 by the Director of Income Tax, Chandigarh, calling upon the assessee to explain the reason for not filing a …

SBI Cannot Escape Tax Implication On Grounds Of Change Of Branch Manager: ITAT Refuses To Condone The Delay In Filing Appeal

The Bangalore Bench of the Income Tax Appellate Tribunal has refused to condone the delay in filing the appeal on the grounds that even during the period of COVID-19, the ITAT was functioning and banking facilities were provided by the State Bank of India. The Branch intended to prefer an appeal before the Income Tax Appellate Tribunal, Bangalore, against the …

Delayed Audit Report Due To the Delay By Statutory Auditors: ITAT Deletes Penalty

The Cuttack Bench of the Income Tax Appellate Tribunal has deleted the penalty where the assessee has sufficient and reasonable cause for delay in obtaining the audit report. The two-member bench of George Mathan and Arun Khodpia has observed that the delay in submitting the audit report was on account of a delay in obtaining the audit report from the …

Delay In Filing Appeal Based On COVID-19 Reasons: ITAT Imposes Penalty Of Rs.25,000

The Chennai Bench of the Income Tax Appellate Tribunal headed by Mahavir Singh and Manoj Kumar Aggarwal has imposed a penalty of Rs. 25,000 on the assessee for the delay of 1217 days in filing the appeal due to COVID-19. The appellant/assessee has challenged the order of CIT in the matter of assessment framed by AO under section 143 of …

Delay Itat Cit

Foreign Tax Credit Cannot Be Denied For Delay In Filing Form 67: Bangalore ITAT

The Bangalore Bench of ITAT has ruled that Foreign Tax Credit cannot be denied to the assessee for delay in filing Form 67. The Bench, consisting of members Beena Pillai and Chandra Poojari has ruled that Rule 128 of the Income Tax Rules which requires the assessee to submit Form 67 before filing the income tax return for claiming Foreign …

Reducing Delay In Revenue Litigation : Supreme Court Directs Integration Of ITAT, CETSTAT & Other Tribunals With Technology Adopted