Law of limitation binds not only assessee but also Revenue – ITAT

Brief of the Case:  Kolkata ITAT held In the case of DCIT vs. M/s Presidency Exports & Industries Ltd. that following the order of the Coordinate Bench of this Tribunal in the case of DCIT –vs.- M/s. G.V.N. Fuels Limited in ITA No. 563/Kol/2012, dated 22.05.2015 and that of the Hon’ble Supreme Court in Office of the Chief Post Master General & Another –vs.- Living Media India Limited & Another in Civil Appeal No. 2474-2475 of 2012, dated 24.02.2012 , we are of the view that it is not a case where the Revenue has been prevented by sufficient cause to file the appeal within th...