Transaction value under s.15(1) governs unrelated sales; valuation between related parties per Rule 28; consignment note required for unregistered rec...
ITAT condoned a 110-day delay in filing the first appeal, accepting the assessee's illiteracy, engagement in vegetable vending and unawareness of statutory notices as sufficient cause; it emphasized that substantial justice supersedes technical forfeiture. ITAT held that a forum lacks jurisdiction to decide the merits of an appeal unless the delay is first condoned; a prior refusal to admit time-barred appeal renders any merit adjudication invalid. Consequently, ITAT set aside the impugned order to the extent it addressed merits without jurisdiction, directed the CIT(A) to treat the appeal as duly admitted, and to adjudicate afresh on merits after granting the assessee an opportunity to present submissions.
ITAT condoned a 110-day delay in filing the first appeal, accepting the assessee's illiteracy, engagement in vegetable vending and unawareness of statutory notices as sufficient cause; it emphasized that substantial justice supersedes technical forfeiture. ITAT held that a forum lacks jurisdiction to decide the merits of an appeal unless the delay is first condoned; a prior refusal to admit time-barred appeal renders any merit adjudication invalid. Consequently, ITAT set aside the impugned order to the extent it addressed merits without jurisdiction, directed the CIT(A) to treat the appeal as duly admitted, and to adjudicate afresh on merits after granting the assessee an opportunity to present submissions.
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