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Principal Commissioner Of Income Tax-1, Kolkata v. M/S. Tcg Urban Infrastructure Holdings Pvt. Ltd

High Court 01 May 2024 In favour of: Assessee

Forum / Bench

High Court · calcutta_original_side

Parties

Date of order

01 May 2024

Assessment year(s)

—

Outcome

Dismissed

Case summary

In Principal Commissioner Of Income Tax-1, Kolkata v. M/S. Tcg Urban Infrastructure Holdings Pvt. Ltd, the High Court (2024) dismissed the appeal. The decision went in favour of the assessee.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

The order — as passed by the High Court

OD–15 IN THE HIGH COURT AT CALCUTTASPECIAL JURISDICTION (INCOME TAX)ORIGINAL SIDE ITAT/123/2024IA NO: GA/1/2024, GA/2/2024 PRINCIPAL COMMISSIONER OF INCOME TAX-1, KOLKATAVS.M/S. TCG URBAN INFRASTRUCTURE HOLDINGS PVT. LTD. BEFORE : THE HON’BLE THE CHIEF JUSTICE T.S. SIVAGNANAMAndTHE HON’BLE JUSTICE HIRANMAY BHATTACHARYYADate : 1[st] May, 2024 Appearance :Mr. Vipul Kundalia, Adv.Mr.Amit Sharma, Adv. …for appellantMr. Pratyush Jhunjhunwala, Adv.Ms. Sretapa Sinha, Ad.…for respondent The Court : There is a delay of 1457 days in filing the appeal.We have heard the submissions of Mr. Vipul Kundalia, learned standingCounsel appearing for the appellant and Mr. Pratyush Jhunjhunwala, learnedCounsel for the respondent and perused the affidavit filed in respect of thepetition seeking condonation of delay. We find that the delay is inordinate,unexplained and therefore, we are not persuaded to exercise any discretion inthe matter. Accordingly, the application (GA/1/2024) is dismissed. Consequently, theappeal stands rejected. (T.S. SIVAGNANAM)CHIEF JUSTICE (HIRANMAY BHATTACHARYYA, J.) SN.AR(CR)

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