https://www.taxtmi.com/caselaws?id=441789 The court allowed the application for condonation of a 56-day delay in filing the appeal, stating that the reasons provided by the appellant/revenue were sufficient to justify the delay. Regarding the deletion of the addition made by the Assessing Officer under Section 80IA of the Income Tax Act, the court disagreed with the Karnataka High Court's view and agreed with the Madras High Court's interpretation, ruling in favor of the respondent/assessee and disposing of the appeal in their favor. en-us Mon, 20 Feb 2023 00:00:00 +0530 Wed, 16 Aug 2023 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441789 The court allowed the application for condonation of a 56-day delay in filing the appeal, stating that the reasons provided by the appellant/revenue were sufficient to justify the delay. Regarding the deletion of the addition made by the Assessing Officer under Section 80IA of the Income Tax Act, the court disagreed with the Karnataka High Court's view and agreed with the Madras High Court's interpretation, ruling in favor of the respondent/assessee and disposing of the appeal in their favor. Case-Laws Income Tax Mon, 20 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441789