2025 (5) TMI 2036

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....rder of the NFAC, Delhi in Appeal No. ITBA/NFAC/S/250/2024-25/1064936602(1) order dated 16.05.2024. 2. At the threshold, it is noted that there is a delay of 100 days in filing the appeal before the Tribunal. In this regard, assessee has filed the Application for Condonation of Delay supporting with his Affidavit stating therein that the delay was occurred due to incorrect advise given by his Cha....

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.... filing the belated appeal, hence, I condone the delay in dispute in filing the appeal before the Tribunal. 3. Briefly stated, facts are that asssessee filed return of income on 29.12.2021, declaring total income of Rs. 4,40,550/-. The case of the assessee was scrutinized for complete scrutiny through CASS. The AO noted that the assessee made imports to the tune of Rs. 1,20,19,368/- and total sal....

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....rn u/s 139(8A) on 12.01.2023. The assessment in the case of the appellant was completed on 27.12.2022. After going through the Balance Sheet of the appellant, it is noticed that the appellant has furnished Balance Sheet and P&L Account dated 30.12.2022. It is clear from the above that the appellant disclosed his business income only after completion of assessment proceeding. The provision of secti....