Vivad Se Vishwas Misapplication Corrected in 1592-Day U/s 263 Appeals

B.G.M. Consortium Limited Vs PCIT (ITAT Kolkata)

1592-day delay condoned; s.263 revision restored with cost, VSVS dismissal quashed

Kolkata ITAT condoned an extraordinary delay of 1592 days in filing appeals against s.263 orders, holding that the reasons furnished were bona fide. Since the assessee had not responded to s.263 notices earlier, the Tribunal, in the interest of justice, set aside the revision orders & restored the matters to the PCIT for fresh adjudication, subject to payment of Please become a Premium member. If you are already a Premium member, login here to access the full content.