2020 (7) TMI 307

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....A For the Respondent : Sh. Dhrubajyoti Ray, JCIT. ORDER PER SH. S.S. GODARA, JUDICIAL MEMBER: This Revenue's Miscellaneous Application filed u/s 254(2) of the Income Tax Act, 1961 (in short the 'Act') seeks to recall the tribunal's order dated 28.03.2019 declining the main appeal ITA 914/Kol/2017 for involving lower than the prescribed tax effect of Rs.50 lakhs as per the C....

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....venue's appeal for involving tax effect of Rs.50 lakhs. Its main appeal ITA 914/Kol/2017 is restored to its original number. We now proceed to deal with the main case Revenue's appeal ITA 914/Kol/2017 itself with the consent of both the parties. There is no dispute on the basic fact that the Assessing Officer's order herein dated 10.06.2009 passed u/s 201(1A) r.w.s. 195 of the Act has r....

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....olding the impugned proceedings as time barred. The Assessing Officer's order dated 10.06.2009 stands restored as a necessary corollary. The Revenue's appeal ITA 914/Kol/2017 is allowed. 3. Before parting, it is noted that the order is being pronounced after ninety days of hearing. However, taking note of the extraordinary situation in the light of the COVID-19 pandemic and lockdown,....