2018 (9) TMI 721 - SCH - Income Tax

Assessment of Non-Performing Assets - accrual of income - Held that - Despite having been granted four weeks time, as a last chance, by the learned Registrar on 6-7-2018, learned counsel appearing for the appellant has not so far filed affidavit of valuation. Finally, two weeks time is granted for the purpose, failing which the Appeal shall stand dismissed without further reference to the Court.

Summary

Summary: The Supreme Court heard an appeal where the appellant was granted four weeks to file an affidavit of valuation. Despite the extension, the appellant's counsel did not comply. The court granted a final two weeks for submission, warning that failure to do so would result in the appeal being dismissed without further reference to the Court.