https://www.taxtmi.com/caselaws?id=773505 The Tribunal condoned a 568-day delay in filing appeal, finding it unintentional due to company being struck off ROC and notices going to spam folder. The CIT(A)'s ex parte order was set aside for violating natural justice principles under section 250(6) by not providing hearing opportunity. The appeal was restored to CIT(A) for fresh adjudication on all grounds including section 56(2)(viib) addition of Rs. 72,80,326 for alleged excess share premium to angel investors, DCF valuation validity, and procedural lapses, with directions to hear the assessee properly. en-us Mon, 26 May 2025 00:00:00 +0530 Tue, 24 Jun 2025 08:25:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773505 The Tribunal condoned a 568-day delay in filing appeal, finding it unintentional due to company being struck off ROC and notices going to spam folder. The CIT(A)'s ex parte order was set aside for violating natural justice principles under section 250(6) by not providing hearing opportunity. The appeal was restored to CIT(A) for fresh adjudication on all grounds including section 56(2)(viib) addition of Rs. 72,80,326 for alleged excess share premium to angel investors, DCF valuation validity, and procedural lapses, with directions to hear the assessee properly. Case-Laws Income Tax Mon, 26 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773505