https://www.taxtmi.com/caselaws?id=386458 The delay in filing the appeal before the ITAT was condoned after 2107 days due to the assessee's health issues and oversight by the Chartered Accountant. The ITAT relied on principles of substantial justice to admit the appeal for adjudication. Regarding the disallowance u/s.40(a)(ia) of the Income Tax Act, the ITAT held that the payment made by the assessee was a one-time non-refundable premium for gold purchase, not commission, and could not be disallowed in rectification proceedings. Consequently, the ITAT allowed the appeal of the assessee. en-us Wed, 21 Aug 2019 00:00:00 +0530 Sat, 28 Sep 2019 09:12:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386458 The delay in filing the appeal before the ITAT was condoned after 2107 days due to the assessee's health issues and oversight by the Chartered Accountant. The ITAT relied on principles of substantial justice to admit the appeal for adjudication. Regarding the disallowance u/s.40(a)(ia) of the Income Tax Act, the ITAT held that the payment made by the assessee was a one-time non-refundable premium for gold purchase, not commission, and could not be disallowed in rectification proceedings. Consequently, the ITAT allowed the appeal of the assessee. Case-Laws Income Tax Wed, 21 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386458