Computtion of discount on hypothical basis and applied monthly is not permissible because discount is not constant
Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
At the time of hearing the ld.AR for the assessee submitted that the appeal filed by the assessee is barred by limitation by 41 days. It was submitted that the assessee has filed an affidavit for condonation of delay to which revenue has not raised any serious objection. In the circumstances, the delay in filing the appeal is condoned and appeal is disposed on merits.
Citation :
Sri Arun Kumar Paul PAN: AFWPP 0325C (APPELLANT) -Versus-. ITO, Ward 51(3), Kolkata (RESPONDENT)
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CS Bijoy
Published in Income Tax
Views : 1249
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