Tribunal allowed an appeal filed by assessee against order of lower authorities by holding that exercise of section 263 jurisdiction was not warranted. There was delay in filing of appeal. High Court dismissed the appeal on the ground that sufficient cause was not shown. On appeal the delay was condoned and the High Court was directed to hear the appeal on merits.
CIT (C) v. Surya Vinayaka Industries Ltd. (2023) 456 ITR 773 / 294 Taxman 702 /(2024) 337 CTR 375(SC) Editorial : CIT v. Surya Vinayaka Industries Ltd. (2023) 153 taxmann.com 676 (Delhi)(HC)
S. 260A : Appeal-High Court-Delay of 707 days-Sufficient cause-Heavy workload-Lack of man power-Delay was condoned-Directed the High Court to decide on merits.[S. 263, Art. 136]