Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2017 (4) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (4) TMI 472 - AT - Income TaxCondonation of delay - Held that:- It can be seen from the said order of the Hon' ITAT that the assessee company's grievance about the quantum of deduction under chapter VIA in respect of 80HH, 80I & 80IA continues and had remained to be addressed. We found that the assessee company was prevented by a sufficient and reasonable cause for the delay on account of pursuit of the alternative remedy up to the date of receipt of the Hon'ble ITAT's order on 08.02.2012 involving the adjudication of the same issue that was under dispute and was under a bonafide belief that it had not to file a separate appeal against order dt. 27.03.2003 for giving effect to appellate order. If delay is not condoned, the assessee company will have no other option to seek remedy under law and would be deprived of natural justice. Even if appeal is admitted the same would be decided on the merits of the case and therefore admission of the same would not prejudice the interest of the revenue department.
|