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Court rejects Revenue's applications for delay in re-filing appeals against ITAT order. The court dismissed the Revenue's applications for condonation of delay in re-filing appeals against the ITAT order for AY 1997-98 and 1998-99. The court ...
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Court rejects Revenue's applications for delay in re-filing appeals against ITAT order.
The court dismissed the Revenue's applications for condonation of delay in re-filing appeals against the ITAT order for AY 1997-98 and 1998-99. The court found the explanations for the delay unsatisfactory, attributing it to lack of prompt action in reallocating cases after the standing counsel's resignation. The delay of nearly three years was deemed unacceptable, resulting in the rejection of the applications and the dismissal of the appeals filed by the Revenue.
Issues: Delay in re-filing appeals by Revenue against ITAT order for AY 1997-98 and 1998-99.
Analysis: The judgment deals with applications seeking condonation of a 940-day delay in re-filing appeals by the Revenue against a common order passed by the Income Tax Appellate Tribunal for the Assessment Years 1997-98 and 1998-99. The Respondent Assessee underwent name changes from Fortis Financial Services Ltd. to Religare Technova Ltd. and then to Dion Global Solutions Ltd. The Revenue attributed the delay to the standing counsel's resignation and subsequent re-allocation of cases. However, the court found the explanation unsatisfactory, noting the lack of effort in re-allocating the cases promptly, resulting in an unjustifiable delay of over eight months.
The court dismissed the applications for condonation of delay, emphasizing the unconvincing and unsatisfactory nature of the explanation provided by the Revenue. The delay of nearly three years was deemed unacceptable, leading to the rejection of the applications. Consequently, the appeals filed by the Revenue against the ITAT order for the respective assessment years were also dismissed by the court.
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