HC Dismisses Appeal Due to Lack of Valid Explanation for 227-Day Delay in Filing

PCIT Vs Milestone Gears Private Limited (Himachal Pradesh High Court)

Introduction: In a significant ruling, the Himachal Pradesh High Court dismissed an appeal filed by the Principal Commissioner of Income Tax (PCIT) against Milestone Gears Private Limited. The appeal, concerning a 100% deduction under Section 80IC of the Income Tax Act, 1961, was dismissed due to a substantial delay of 224 days in refiling.

Background of the Case

The case originates from an assessment made by the Income Tax Department on Milestone Gears Pvt. Ltd. fo

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