No Cogent and Satisfactory Explanation u/s 5 of Limitation Act: ITAT Refuses to Condone Delay of 781 Days [Read Order]

Cogent and Satisfactory Explanation - Limitation Act - ITAT - ITAT Refuses to Condone Delay of 781 Days - Condone Delay - taxscan

The Amritsar Bench of Income Tax Appellate Tribunal (ITAT) has refused to condone a delay of 781 days holding that cogent and satisfactory explanation were not furnished by the assessee as per Section 5 of the Limitation Act, 1963. The appellant Nitin Sehgal had been given many opportunities of being heard by fixing hearing on…

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