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 of 707 days in filing of appeal. High Court dismissed the appeal on the ground that sufficient cause was not shown.
CIT v. Surya Vinayaka Industries Ltd. (2023) 153 taxmann.com 676 (Delhi)(HC) Editorial : Delay was condoned and the order of High Court is set aside to decide on merit, CIT (C) v. Surya Vinayaka Industries Ltd. (2023) 456 ITR 773 / 294 Taxman 702 (SC)
S. 260A : Appeal-High Court-Delay of 707 days-Sufficient cause-Heavy workload-Lack of man power-Delay was not condoned-[S. 263, Art. 226]