https://www.taxtmi.com/caselaws?id=786727 Assessee's 287 day delay in filing appeal was condoned on grounds of personal hardship and confusion, permitting adjudication. Where the assessee failed to file returns, participate in assessment or furnish particulars, the Tribunal applied presumptive taxation principles to estimate income; it reduced the Assessing Officer's assumed net profit rate from 18% to 8% of gross receipts and deleted the addition of the specified amount. The decision affirms that reasonable cause justifies condonation and that, absent material, a reasonable presumptive rate may be applied to determine taxable income. en-us Mon, 16 Feb 2026 00:00:00 +0530 Wed, 18 Feb 2026 08:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786727 Assessee's 287 day delay in filing appeal was condoned on grounds of personal hardship and confusion, permitting adjudication. Where the assessee failed to file returns, participate in assessment or furnish particulars, the Tribunal applied presumptive taxation principles to estimate income; it reduced the Assessing Officer's assumed net profit rate from 18% to 8% of gross receipts and deleted the addition of the specified amount. The decision affirms that reasonable cause justifies condonation and that, absent material, a reasonable presumptive rate may be applied to determine taxable income. Case-Laws Income Tax Mon, 16 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786727