Case Law Details
PCIT Vs H.T.L Ltd (Delhi High Court)
The case of PCIT vs H.T.L Ltd, heard in the Delhi High Court, revolves around the invocation of powers under Section 263 of the Act. This legal provision plays a vital role in the assessment of tax orders, and it’s essential to understand the two critical conditions that must be met for its application.
Delay Condonation Application: The case begins with an application filed by the appellant/revenue to seek the condonation of a delay in re-filing the appeal. After considering the reasons provided, the court condones the delay, setting the stage for the case’s examination.
Assessment Year and Appeal: The appeal concerns Assessment Year (AY) 2014-15, and the appellant/revenue aims to challenge the order passed by the Income Tax Appellate Tribunal (Tribunal) on July 6, 2022.
Background of the Case: To understand the dispute, it’s crucial to review the background:
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