https://www.taxtmi.com/caselaws?id=179395 The Appellate Tribunal dismissed the miscellaneous application filed by the assessee as it was submitted beyond the prescribed four-year time limit under section 254(2) of the Income Tax Act, 1961. The Tribunal held that the statute does not allow petitions filed after four years from the order date. Emphasizing the clear language of the law, the Tribunal ruled that the assessee's lack of diligence over eight years did not justify the delayed application. Citing a previous Supreme Court judgment, the Tribunal distinguished the case and rejected the application, stating it was untimely. en-us Fri, 06 Jul 2012 00:00:00 +0530 Mon, 29 Feb 2016 11:52:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179395 The Appellate Tribunal dismissed the miscellaneous application filed by the assessee as it was submitted beyond the prescribed four-year time limit under section 254(2) of the Income Tax Act, 1961. The Tribunal held that the statute does not allow petitions filed after four years from the order date. Emphasizing the clear language of the law, the Tribunal ruled that the assessee's lack of diligence over eight years did not justify the delayed application. Citing a previous Supreme Court judgment, the Tribunal distinguished the case and rejected the application, stating it was untimely. Case-Laws Income Tax Fri, 06 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179395