HC Dismisses Delayed Revenue Appeal Due to Department’s Lack of Diligence in Filing

PCIT Vs Britannia Industries Limited (Calcutta High Court) Introduction: The Calcutta High Court recently ruled on a crucial case involving the Principal Commissioner of Income Tax (PCIT) and Britannia Industries Limited. The court’s decision centered on the dismissal of a delayed revenue appeal, highlighting the importance of adhering to prescribed timelines when filing appeals. Background: The case in question pertained to assessment years 2009-10, 2010-11, and 2011-12, with the initial assessment completed on March 23, 2013. The taxpayer (Britannia Industries Limited) filed an appeal ...