HC Quashes Appeal as No Incriminating Material Found During Income Tax Search

PCIT Vs Meera Gupta (Delhi High Court) Introduction: The Delhi High Court (HC) recently addressed a series of appeals filed by the Principal Commissioner of Income Tax (PCIT) against Meera Gupta concerning Assessment Years (AY) 2009-10, 2011-12, and 2013-14. These appeals were related to the condonation of delay and the assessment issue already resolved and affirmed by the Supreme Court. The HC’s judgment offers an insight into how appellate courts deal with matters that have been previously adjudicated. Analysis: 1. Condonation of Delay: The appellant/revenue acknowledged an 89-day dela...