https://www.taxtmi.com/caselaws?id=400116 The delay in filing the appeal was condoned by the Supreme Court as the assessee provided a valid explanation for the 51-day delay. The denial of the depreciation claim was remanded back to the CIT(A) for a fresh decision due to the assessee's failure to appear and offer any explanation. The ITAT emphasized the importance of both parties participating in the proceedings and receiving a fair opportunity to present their case, setting aside the ex-parte order issued by the CIT(A). en-us Thu, 22 Oct 2020 00:00:00 +0530 Wed, 28 Oct 2020 10:01:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400116 The delay in filing the appeal was condoned by the Supreme Court as the assessee provided a valid explanation for the 51-day delay. The denial of the depreciation claim was remanded back to the CIT(A) for a fresh decision due to the assessee's failure to appear and offer any explanation. The ITAT emphasized the importance of both parties participating in the proceedings and receiving a fair opportunity to present their case, setting aside the ex-parte order issued by the CIT(A). Case-Laws Income Tax Thu, 22 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400116