Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
The ITAT dismissed the condonation petition filed by the assessee for a delay of 2655 days in filing an appeal. The assessee's contention of handing over appeal papers to an advocate and chartered accountant for filing was held insufficient to establish due diligence. The assessee's failure to appear before the AO and CIT(Appeals) despite twelve notices further demonstrated lack of diligence. The inordinate delay of 2655 days was attributable solely to the assessee's negligence, rendering it an unfit case for condonation of delay.
The ITAT dismissed the condonation petition filed by the assessee for a delay of 2655 days in filing an appeal. The assessee's contention of handing over appeal papers to an advocate and chartered accountant for filing was held insufficient to establish due diligence. The assessee's failure to appear before the AO and CIT(Appeals) despite twelve notices further demonstrated lack of diligence. The inordinate delay of 2655 days was attributable solely to the assessee's negligence, rendering it an unfit case for condonation of delay.
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