Delay due to Liquidation Proceedings constitute ‘Reasonable Cause’: ITAT directs CIT(A) to consider Appeal [Read Order]

Liquidation Proceedings - Reasonable Cause - ITAT - CIT(A) - taxscan

The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the delay in filing appeal due to liquidation process pending before various forums and Courts would amount to “reasonable cause” for delay in filing income tax appeal. The assessee, M/s. Integrated Finance Company filed its return of income for the assessment year 2006-07 on…

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