Absence Of Diligence On Part Of Applicant Would Disentitle It To Benefit Of Condonation Of Delay As Per Sec 249(2): Pune ITAT

In a recent ruling by the Pune ITAT, the tribunal addressed the issue of condonation of delay under Section 249(2) of the Income Tax Act. The case involved an applicant who sought relief for a delay in filing an appeal. The tribunal emphasized the need for diligence and proper justification when requesting an extension for filing. It noted that the applicant must provide valid reasons and demonstrate that the delay was not due to negligence. The decision underscores the importance of adhering to procedural deadlines and the rigorous standards expected by tax authorities.