M/S THE REGIONAL AGRO INDUSTRIAL DEVELOPMENT COOPERATIVE OF KERALA LTD,KANNUR vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1, KANNUR RANGE

Bench: The Tribunal Within The Time Prescribed. Accordingly, The Delay Of 69 Days In Filing The Present Appeal Is Condoned.

transfer facilities. Faced with this limitation, the Assessee had to withdraw cash from its account with the co- operative bank and deposit the same in the suppliers' bank account, in order to ensure uninterrupted supply of goods and fulfilment of its contractual obligations. This situation clearly constituted a business exigency, driven by urgent operational requirements and systemic banking constraints, compelling