Delay in getting Signature of MD of Company is a ‘Sufficient Cause’ for Condonation of Delay: ITAT [Read Order]

The Hyderabad bench of the Income Tax Appellate Tribunal ( ITAT ), while condoning a delay of 92 days in filing Cross Objection filed by a Company, held that there was a delay in getting the signatures of the Managing Director which is a ‘sufficient cause’ to allow a delay condonation application.

The Tribunal held that “we find that there was a delay of 92 days in filing this C.O. by the assessee, for which an application for condonation of delay was filed by the assessee, wherein, inter-alia, the assessee stated that since there was a delay in getting the signatures of the MD of the company who is functioning at Vizag as well as Saturday & Sunday and the festival Sriramanavami fell before filing of the C.O., the delay occurred, which may be condoned as the reasons for delay are bona fide and not intentional.”

“As the assessee was prevented by sufficient cause for not filing the CO within the due date, we condone delay and admit the CO for adjudication,” the Tribunal said.