https://www.taxtmi.com/caselaws?id=295670 The ITAT Bangalore upheld the PCIT's decision to set aside the assessment orders for Assessment Years 2009-10 and 2010-11 under section 263 of the Income Tax Act. The Tribunal dismissed the appeals filed by the assessee due to significant delays in filing, rejecting condonation petitions citing lack of reasonable cause beyond the assessee's control. The Tribunal emphasized the importance of substantial and justifiable reasons for condoning delays in such matters, ultimately leading to the dismissal of the appeals for those assessment years. en-us Fri, 11 Jan 2019 00:00:00 +0530 Tue, 15 Jun 2021 07:47:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295670 The ITAT Bangalore upheld the PCIT's decision to set aside the assessment orders for Assessment Years 2009-10 and 2010-11 under section 263 of the Income Tax Act. The Tribunal dismissed the appeals filed by the assessee due to significant delays in filing, rejecting condonation petitions citing lack of reasonable cause beyond the assessee's control. The Tribunal emphasized the importance of substantial and justifiable reasons for condoning delays in such matters, ultimately leading to the dismissal of the appeals for those assessment years. Case-Laws Income Tax Fri, 11 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295670