ITAT condones Delay of 4 Years in filing Rectification Application u/s 154 of Income Tax Act [Read Order]

ITAT - Rectification Application - Income Tax Act - Taxscan

The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has recently condoned a delay of four years in filing a rectification application under section 154 of the Income Tax Act, 1961 finding that there is a ’reasonable cause’ for such delay. The assessee has challenged an addition of Rs. 7,22,991/- conteding that the Director…

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