2019 (2) TMI 176

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....pondent : Mr.Piyush Kaushik, Advocate ORDER CM APPL. 2109/2019 For the reasons stated in the application, delay of 325 days in refilling the appeal is condoned. The application is disposed of. ITA 33/2019 1. The Revenue's grievance in this appeal under Section 260A of the Income Tax Act, 1961, is that the lower Appellate Authorities fell into error in holding that the respondent/....

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....7, having regard to the Audit Report. The CIT(A), on the appeal by the assessee, accepted its plea and held that the turnover stipulations in terms of the investments in the fixed assets by Note 1 of the DIPP circular had been complied with. The ITAT affirmed the decision of the CIT(A). 3. The Revenue highlights the report of the Auditor and submits that since this was the material on record, w....