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2016 (5) TMI 419 - AT - Income TaxCondonation of delay - Held that:- Delay in filing the appeal was not wanton as per condonation petition filed in appellate proceedings. Further on perusal of record of the events from the assessment proceedings to the Tribunal, the company seems to be passing through serious business irregularities and also Managing Director was detained. The submissions of ld. Authorised Representative on genuine and sufficient reasons for delay can not be ignored. The Managing of Director was detained by the Andhra Pradesh Police and ld. Authorised Representative produced copy of order of Metropolitan Sessions Judge, Vijayawada dated 30th May, 2014 as supportive evidence of dentation. So, considering the reasons and also detention of the Managing Director during the period of assessment, we find there is sufficient cause in the factual circumstances. We condone the delay and direct the ld.Commissioner of Income Tax (Appeals) to adjudicate appeal on merit.
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