https://www.taxtmi.com/caselaws?id=239480 The High Court dismissed the revision petition under Section 264 of the Income Tax Act against the original order dated 27.11.1998, citing unsatisfactory explanation for the delay and failure to disclose full facts. The application for condonation of delay, involving a delay of 5 years, 4 months, and 6 days, was also rejected for lacking sufficient cause. The Court overturned the Single Judge's decision due to misinterpretation of events, ordering reconsideration of the case on its merits. The judgment emphasized the importance of factual accuracy and timely filings in legal proceedings. en-us Tue, 27 Aug 2013 00:00:00 +0530 Thu, 14 Nov 2013 22:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239480 The High Court dismissed the revision petition under Section 264 of the Income Tax Act against the original order dated 27.11.1998, citing unsatisfactory explanation for the delay and failure to disclose full facts. The application for condonation of delay, involving a delay of 5 years, 4 months, and 6 days, was also rejected for lacking sufficient cause. The Court overturned the Single Judge's decision due to misinterpretation of events, ordering reconsideration of the case on its merits. The judgment emphasized the importance of factual accuracy and timely filings in legal proceedings. Case-Laws Income Tax Tue, 27 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239480