ITAT orders Condonation of 1809-Day Delay in FTC Disallowance Appeal After Verification of Form 67

The Income Tax Appellate Tribunal (ITAT) has granted condonation of a delay of 1,809 days in filing an appeal regarding FTC disallowance. The delay was caused by the taxpayer's failure to verify Form 67 within the required time frame. However, after the verification of the form, the ITAT acknowledged the taxpayer’s genuine reason for the delay and accepted the appeal. The decision highlights the importance of timely filing and the flexibility granted by tribunals in cases of genuine lapses, provided proper documentation is presented. The ruling ensures that taxpayers facing similar delays in submitting forms or documents have a chance for their appeals to be heard and adjudicated.