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    <title>2024 (1) TMI 1074 - ITAT DELHI</title>
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    <description>The Tribunal condoned the 418-day delay in filing the appeal in ITA No. 2164/Del/2018 for AY 2007-08, finding the reasons sufficient. The rectification application rejection led to a common order for related appeals. The Tribunal restored the quantum appeal to the CIT(A) for re-adjudication, as the CIT(A) failed to consider the remand report on the disallowance of interest on borrowed funds. The appeal in ITA No. 2165/Del/2018 was allowed for statistical purposes, while ITA No. 2164/Del/2018 was dismissed as infructuous. The order was pronounced on 23/01/2024.</description>
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      <link>https://www.taxtmi.com/caselaws?id=448675</link>
      <description>The Tribunal condoned the 418-day delay in filing the appeal in ITA No. 2164/Del/2018 for AY 2007-08, finding the reasons sufficient. The rectification application rejection led to a common order for related appeals. The Tribunal restored the quantum appeal to the CIT(A) for re-adjudication, as the CIT(A) failed to consider the remand report on the disallowance of interest on borrowed funds. The appeal in ITA No. 2165/Del/2018 was allowed for statistical purposes, while ITA No. 2164/Del/2018 was dismissed as infructuous. The order was pronounced on 23/01/2024.</description>
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