Rs. 44.5 cr Addition made on Incorrect Reporting by Auditor: ITAT directs CIT(A) to condone delay of 484 days [Read Order]
The bench, by recognizing the principle of substantial justice over technicalities, directed the CIT(A) to condone the delay and review the appeal on its merits
In a recent ruling, the Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) held that the addition of 44.5 crores was made based on incorrect reporting by the auditor and directed the Commissioner of Income Tax (Appeals) [CIT(A)] to condone a delay of 484 days. In this case, the assessee, ABS Fujitsu…
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