BABUGARI KAREEM BASHA,KURNOOL vs. INCOME TAX OFFICER, WARD-1, NANDYAL
Facts
The assessee, an individual, failed to file a return of income for AY 2014-15. Based on a suspicious transaction report, it was observed that a sum of Rs.1,10,69,622/- was credited to the assessee's bank account. The Assessing Officer treated this as unexplained money as the assessee provided no valid explanation.
Held
The Tribunal noted that the assessee had a delay of 314 days in filing the appeal and failed to provide sufficient cause or supporting evidence for this delay. Citing various Supreme Court judgments, the Tribunal held that delay cannot be condoned without adequate and convincing reasons and that the assessee displayed a casual approach and negligence in pursuing the case.
Key Issues
Whether the delay in filing the appeal by the assessee can be condoned, given the lack of sufficient cause and evidence, and the assessee's negligent conduct.
Sections Cited
147, 142(1), 69A, 249(3), 253(5)
AI-generated summary — verify with the full judgment below
Income Tax Appellate Tribunal, Hyderabad “A” Bench, Hyderabad
आदेशकी प्रनतनलनप अग्रेनर्त/ Copy of the order forwarded to:- 1. निर्धाररती/The : Shri Babugari Kareem Basha, 16-100, Degalapeta (Vill.), Sirivella (Post), Allagadda, Assessee Kurnool 2. रधजस्व/ : The Income Tax Officer, Ward-1, Nandyal The Revenue 3. The Principal Commissioner of Income Tax, Kurnool 4. नवभधगीयप्रनतनिनर्, आयकर अपीलीय अनर्करण, हैदरधबधद / DR, ITAT, Hyderabad 5. गधर्ाफ़धईल / Guard file
आदेशधिुसधर / BY ORDER
Sr. Private Secretary ITAT, Hyderabad