Calcutta HC directs PCIT to Investigate 1923-Day Appeal Delay; Denies Condonation

PCIT Vs Peerless General Finance And Investment Co. Ltd (Calcutta High Court) In the case of PCIT vs. Peerless General Finance and Investment Co. Ltd., the Calcutta High Court dismissed an appeal filed by the Income Tax Department due to an unexplained delay of 1923 days. The court reviewed the affidavit provided in support of the condonation petition and found it lacking any substantial reason for the delay. The Tribunal’s order was dated September 7, 2019, and the appeal was filed on May 16, 2024, long after the limitation period had expired. The court expressed concern over the lack o...