Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
Insolvency and BankruptcyAugust 2, 2024Case LawsAT
Delay of 466 days in filing appeal deemed inordinate and unexplained. Financial crunch cited as ground for delay not accepted as satisfactory, given appellant received substantial amount u/s 36(4)(a)(iii). Adjudicating authority rightly rejected plea for condonation of delay. Appeal dismissed by Appellate Tribunal on ground of limitation, not warranting interference.
Delay of 466 days in filing appeal deemed inordinate and unexplained. Financial crunch cited as ground for delay not accepted as satisfactory, given appellant received substantial amount u/s 36(4)(a)(iii). Adjudicating authority rightly rejected plea for condonation of delay. Appeal dismissed by Appellate Tribunal on ground of limitation, not warranting interference.
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