2016 (8) TMI 1287

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..... Standing Counsel and Sh. Anup Kumar Kesari, Advocate. For the Respondent : Sh. N. Venkataraman, Sr. Advocate with Sh. R. Satish Kumar, Advocate. O R D E R The present appeal against the order dated 08.08.2016 of Income Tax Appellate Tribunal is barred because the revenue has refiled it with a delay of 550 days. On this ground alone, the appeal is liable to be rejected. This Court has conside....

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....y penalty was leviable. The AO's order was set-aside by the ITAT. We have considered the circumstances. The assessee in this case could not, in the opinion of this Court, visualize that out of the twelve comparables furnished, nine would be rejected and the matrix of calculations, as it worked, would radically undergo change. Pertinently, for the previous year 2006-07, the assessee's comparables ....