Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
