Appeal Filing Delayed By 729 Days Due To Death Of Counsel And Illness: ITAT Condones Delay, Remands LTCG Addition To CIT For Fresh Adjudication

In a case where appeal was filed 729 days late owing to death of counsel and illness, the ITAT exercised discretion to condone the delay. It remanded the issue relating to long-term capital gains (LTCG) addition back to the CIT for fresh adjudication. The tribunal weighed the merits and causes for delay, emphasizing that procedural lapses should not override substantive justice where sufficient cause is shown.