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Documents citing Britannia Industries Ltd, Bangalore vs Pcit-1, Kolkata on 28 March, 2022

Aruna Tiwari, Raipur vs Principal Commissioner Of Income ... on 18 July, 2023

iv) M/s. Grasim Industries Ltd Vs. PCIT in ITA No.1964/Mum/2019 (Date of Order: 24.05.2021) (ITAT Mumba) 4.1.1 Assessee has herself requested for Appellant raised an Objection vide transferring the case to the ITO-2(1), Raipur Letter Dated 19th October, 2016 vide reply dated 19.10.2016. The case was regarding the jurisdiction of ITO-2, further transferred to ITO-4(1), Raipur having Rewa.
Income Tax Appellate Tribunal - Raipur Cites 68 - Cited by 0 - Full Document

Diebold Nixdorf India Pvt Ltd vs Central Board Of Direct Taxes Through ... on 21 April, 2026

14 The second reason given by Respondent No.1 for rejection of the application, that no genuine cause has been shown by the Petitioner for condonation of delay, also cannot be accepted. There is no reason for disbelieving the Petitioner that the delay of 23 days was on account of the COVID-19 pandemic and the termination of employees in the Finance & Accounts Department. The fact that the return of income was filed subsequently on 31st March 2021 on the basis of draft accounts and draft tax computation indeed shows that the Petitioner's hardship was genuine and the delay was bona fide. Further, considering the length of delay, which is hardly 23 days, we are inclined to take a lenient view in the matter particularly bearing in mind that A.Y. 2020-21 was the first year of filing Form 10-IC and therefore a liberal view is required to be taken, which is indeed the reason why CBDT had issued the Circular No.06/2022 for condonation of delay. Our conclusion is supported by the decision of this Court in Rama Industries Ltd. (supra), wherein this Court condoned the delay in filing Form 10-IC for A.Y. 2020-21 being the first year of delay, observing thus:
Bombay High Court Cites 12 - Cited by 0 - B P Colabawalla - Full Document

North Bihar Power Distrubution Co. Ltd, ... vs Pr. Cit-1, Patna on 30 March, 2023

4.4 Ld. Counsel thus, strongly contested that the impugned revisionary proceedings have been initiated solely at the instance of the re venue audit party as affirmed in the report of the Ld. AO called by the Ld. Pr. CIT and thus, it is a case of borrowed satisfaction without any independent application of mind by the Ld. Pr. CIT in arriving at the consideration for invoking the provisions of section 263. Accordingly, the impugned order is ought to be quashed. Ld. Counsel placed reliance on the decision of the Coordinate Bench of ITAT, Mumbai in the case of Grasim Industries Ltd. v. PCIT in ITA No. 1964/Mum/2019 to buttress the submissions made by him. Relevant para 11(c) from the said decision is reproduced below:
Income Tax Appellate Tribunal - Patna Cites 6 - Cited by 0 - Full Document

M/S. Sultanpur Zilla Sahkari Bank ... vs Pr. Commissioner Of Income Tax, ... on 30 September, 2024

In the case of Sahyadri Industries Ltd Vs PCIT ( 2023)149 taxmann.com 202(Kerala), the Hon Kerala High Court has that the Commissioner had the supervisory jurisdiction to find out omission in the assessment order and since issue was not examined by the assessing officer , discretion exercised by Commissioner under section 263 could not be restricted under limited scrutiny under CASS.
Income Tax Appellate Tribunal - Lucknow Cites 9 - Cited by 0 - Full Document

M/S. Shah Industries,, Ahmedabad vs The Pr. Cit-3 , Ahmedabad on 12 July, 2023

2. At the time of hearing of appeal, the Ld. Counsel appearing for the appellant sought permission to withdraw the captioned appeal of the assessee ITA No. 131/Ahd/2022 (M/s. Shah Industries vs. PCIT) A.Y.- 2017-18 -2- by written/oral request. Ld. Departmental Representative for the Revenue did not express any objection in this regard. We, therefore, keeping in view of the particular fact, grant the prayers as sought for.
Income Tax Appellate Tribunal - Ahmedabad Cites 2 - Cited by 0 - Full Document

Income Tax Officer, Matigara vs Matigara Realtors Private Limited, ... on 25 November, 2024

that the Ld. CIT(A) has passed a correct and reasoned order on this issue. The case of the assessee finds support from the several decisions namely (i) CIT Vs Greenfield Hotels and Estate (P) Ltd 2017(389 ITR 68 (Bom) and Britannia Industries Ltd. Vs PCIT 2024(161) taxmann.com 705(Kolkata Tri). Accordingly, we are inclined to dismiss the appeal of the revenue by upholding the order of Ld. CIT(A).
Income Tax Appellate Tribunal - Kolkata Cites 2 - Cited by 0 - Full Document
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