https://www.taxtmi.com/caselaws?id=417870 The High Court of Calcutta condoned a delay of 985 days in filing an appeal, allowing it to proceed. The court upheld the Income Tax Appellate Tribunal's decision regarding Section 43B of the Income Tax Act, finding in favor of the assessee. The Tribunal's grant of relief to the assessee in response to the invocation of power under Section 263 of the Act was affirmed, leading to the dismissal of the revenue's appeal. The judgment delves into the interpretation of tax laws and the exercise of discretionary powers in tax matters. en-us Tue, 25 Jan 2022 00:00:00 +0530 Fri, 24 Jun 2022 16:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417870 The High Court of Calcutta condoned a delay of 985 days in filing an appeal, allowing it to proceed. The court upheld the Income Tax Appellate Tribunal's decision regarding Section 43B of the Income Tax Act, finding in favor of the assessee. The Tribunal's grant of relief to the assessee in response to the invocation of power under Section 263 of the Act was affirmed, leading to the dismissal of the revenue's appeal. The judgment delves into the interpretation of tax laws and the exercise of discretionary powers in tax matters. Case-Laws Income Tax Tue, 25 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417870