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HomeDirect TaxWrong Legal Advice Justifies 543-Day Delay; But ITAT Upholds PCIT’s Section 263...

Wrong Legal Advice Justifies 543-Day Delay; But ITAT Upholds PCIT’s Section 263 Revision Over Demonetisation Cash Deposits

Direct Tax

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By Mariya Paliwala
Wrong Legal Advice Justifies 543-Day Delay; But ITAT Upholds PCIT’s Section 263 Revision Over Demonetisation Cash Deposits

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The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has condoned a substantial delay of 543 days in filing an appeal against a revisionary order passed under Section 263 of the Income Tax Act, 1961, accepting the assessee’s plea of wrong professional advice.  The bench of Suchitra Kamble (Judicial Member) and Annapurna Gupta (Accountant…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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