2026 (9) TMI 1873

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....l. CIT) - Ld. Sr. DR ORDER MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. Aforesaid appeal by assessee for Assessment Year (AY) 2011-12 arises out of an order of learned Commissioner of Income Tax (Appeals)-1, Amritsar [CIT(A)] dated 22.07.2016 in the matter of an assessment framed by Ld. Assessing Officer [AO] u/s 143(3) of the Act on 14.03.2014. 2. The registry has noted delay of 2747 d....

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.... served on the assessee. We find that though the delay is substantial, however, the assessee has furnished reasonable cause for filing the appeal with a delay. Keeping in mind the guiding principles laid down by Hon'ble Supreme Court in the case of Collector, Land Acquisition vs. Mst. Katiji & Ors. (1987; (2) TMI 61 SC) as well as keeping in mind the principles of natural justice, We condone the d....

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....rges is that the assessee furnished audited statement of account along with audit report. The assessee furnished books of accounts and purchase / sales bills for verification also. The assessee carried out sales of Rs. 25.29 Lacs. In support of business, the assessee also furnished confirmed copy of account from creditor. The statement of Shri Raj Kumar Sharma, partner of M/s Mahesh Textile was re....