2005 (12) TMI 69

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... H.L. Gokhale J.- Heard Mr. Mehta for the petitioner. Mr. Kotangale appears for the respondent. This petition has been admitted way back in the year 1992 and has been pending for final determination. The petition seeks to challenge the order dated January 30, 1992, passed by the Commissioner of Income-tax under section 264 of the Income-tax Act, 1961 rejecting the revision filed by the petitio....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... petitioner filed an appeal and it was allowed by the Commissioner of Income-tax (Appeals) on January 21, 1986. On March 10, 1986, the Assessing Officer gave effect to the order of the Commissioner of Income-tax (Appeals) dated January 21, 1986. As per the said order dated March 10, 1986, the petitioner was entitled to refund of Rs. 15,45,081. On May 16, 1986, the Assessing Officer issued a refund....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d before us. Two grounds are given in that order. Firstly that there was delay. As far as this aspect is concerned, on the facts which are narrated above, it cannot be said that there was delay and the revision could not be rejected only on that ground. The second ground for rejecting the application was that the amended provisions of section 214(1A) are applicable with effect from April 1, 198....