Dismising the appeal of the assessee the Tribunal held that, an assessee supported by large number of CAs & Advocates cannot seek condonation of delay on the ground that the officer handling the issue was transferred. A party cannot sleep over its rights and expect its appeal to be entertained. The fact that the issue on merits is covered in favour of the assessee makes no difference to the aspect of condonation of delay.(ITA. Nos. 341 to 380/Coch/2018 dt. 08.10.2018) (AY. 2013-14, 2014-15)
Catholic Syrian Bank Ltd. v. DCIT (2018) 173 ITD 384 (Cochin)(Trib.), www.itatonline.org
S. 253 : Appellate Tribunal-Condonation of delay-An assessee supported by large number of CAs & Advocates cannot seek condonation of delay on the ground that the officer handling the issue was transferred-A party cannot sleep over its rights and expect its appeal to be entertained. The fact that the issue on merits is covered in favour of the assessee makes no difference to the aspect of condonation of delay. [S. 234E]