Gross Negligence of Accountant Not a Ground for Condonation: ITAT Dismisses Income Tax Appeal with 477-Day Delay

The ITAT (Income Tax Appellate Tribunal) has dismissed an income tax appeal with a 477-day delay, ruling that "gross negligence of an accountant is not a ground for condonation." The tribunal emphasized that while some delays due to a professional's oversight might be condoned, a prolonged delay stemming from "gross negligence" on the part of the accountant or the assessee's lack of diligence cannot be excused. This decision underscores the importance of taxpayers taking reasonable care and being diligent in complying with statutory timelines, holding them accountable for significant delays.