https://www.taxtmi.com/caselaws?id=448463 The appeal against the NFAC's order regarding the computation of business income for the assessment year 2014-15 was partly allowed by the ITAT. The initial computation by the CPC was contested, with the assessee's appeal dismissed by the CIT(A) due to a 2929-day delay. The ITAT condoned the delay, acknowledging the assessee's efforts to rectify the situation and the reasonable cause for the delay. The case was remanded back to the CIT(A) for proper adjudication, ensuring adherence to the principles of natural justice. en-us Wed, 17 Jan 2024 00:00:00 +0530 Fri, 19 Jan 2024 08:51:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448463 The appeal against the NFAC's order regarding the computation of business income for the assessment year 2014-15 was partly allowed by the ITAT. The initial computation by the CPC was contested, with the assessee's appeal dismissed by the CIT(A) due to a 2929-day delay. The ITAT condoned the delay, acknowledging the assessee's efforts to rectify the situation and the reasonable cause for the delay. The case was remanded back to the CIT(A) for proper adjudication, ensuring adherence to the principles of natural justice. Case-Laws Income Tax Wed, 17 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448463