2025 (5) TMI 1082

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....ash, Sr. DR ORDER This appeal is filed by the Assessee against the order of the Ld. CIT(Appeals)-28, New Delhi dated 25.03.2022 for the AY 2015-16 in sustaining the disallowance of Rs. 10 lakhs out of expenses debited to profit and loss account on ad hoc basis. This appeal is filed with a delay of 640 days and the assessee has furnished petition along with affidavit explaining the reasons fo....

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....e for challenging the same for appeal proceedings. 5. The aforesaid inaction for the pendency of appeal not having been filed came to knowledge on dt. 22.02.2024 when penalty notice was received. At that time, it was revealed that the appeal challenging the order dt. 25.03.2022 has not been filed and whereupon the case papers namely the impugned order had been given to the Ld. Consultant ....

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....case in the interest of substantial justice for decision in accordance with law." On hearing both the sides and perusing the reasons for delay in filing the appeal it is found that assessee has sufficient cause in filing the appeal with delay. Therefore, the same is condoned and appeal is admitted. 2. Coming to the merits of the case briefly stated the facts are that while completing assessm....