DIPAK KUMAR SINGH & SONS HUF,PATNA vs. INCOME TAX OFFICER WARD 6(2), PATNA

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: the Ld. CIT(A), the assessee claimed that the delay was on account of ignorance of law and the assessee was alerted for filing the appeal only when they received a notice proposing levy of penalty u/s 271(1)(c) of the Act. Thereafter, the Ld. CIT(A) has discussed the issue of delayed filing with the help of several authorities on the subject and has declined to condone the said delay due to which the appeal was dismissed. 3.1 Further aggrieved with the action of Ld. CIT(A), the assessee is

2 I.T.A. No. 324/Pat/2018 Amit Kumar Singh small flats on the same floor comprising of a single residential unit only which also qualified for exemption under Section 54F of the Act. 6. For that the learned assessing officer erred in computing income from capital gains solely on the basis of the development agreement without taking notice of Section