2022 (2) TMI 121

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ppeal. We have perused the affidavit filed in support of the petition for condonation delay and we find that there is no satisfactory explanation for condoning such huge delay. Nevertheless, the learned counsel for the parties were agreeable to argue the main appeal, itself, therefore, we exercise discretion and condone the delay. Accordingly the delay in filing the appeal is condoned. The petition for condonation of delay is allowed and disposed of. ITAT 177 of 2021 This appeal by the revenue filed under Section 260A of the Income Tax Act, 1961 (the Act) is directed against the order dated 20th November, 2018 passed by the Income Tax Appellate Tribunal "C" Bench, Kolkata (Tribunal) in ITA/954/Kol/2017 for the assessment year 2012-13. T....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e the due date for submitting the return. Therefore, the Commissioner proposed that the remaining amount of Rs. 5,43,76,924/- was required to be paid back. The assessee submitted reply dated 20th February, 2017. However, the Commissioner was not satisfied with the reply and confirmed the proposal in the show-cause notice issued under Section 263 of the Act, consequently set aside the assessment order dated 30th March, 2015 and directed the assessing officer to pass a fresh assessment order. Pursuant to such direction the assessing officer gave effect to the direction by passing an assessment order dated 17th July, 2017. The learned standing counsel for the appellant/revenue would draw our attention to the giving effect of the order dated 1....