Pendency of Appeal w.r.t. Joint Development Agreement: ITAT Condones Delay of 395 Days to Avoid Double Addition [Read Order]

ITAT noted that the Department's representative did not raise any significant objection to the condonation of the delay, bolstering the assessee's case
Pendency of Appeal - Joint Development Agreement - ITAT Condones Delay - Avoid Double Addition - taxscan

In a recent decision, the Income Tax Appellate Tribunal (ITAT) condoned a 395-day delay in the filing of an appeal by the assessee/appellant, M/s Khoday Ehshwarsa and Sons. The case involved a Joint Development Agreement and the income declared for the assessment year 2020-21. The appeal had initially been dismissed by the Commissioner of Income…

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