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2024 (7) TMI 149 - HC - Income Tax


Issues:
Extension of time for compliance with court directions in an income tax case.

Analysis:
The High Court of Bombay heard an interim application for an extension of time filed by the revenue to comply with court directions issued in an income tax case. The original order dated 23 January 2024 directed the Assessing Officer to dispose of objections raised by the petitioner by 30 April 2024. However, the objections were decided on 8 June 2024, beyond the specified deadline. The court was now considering a further extension of time until 30 June 2024 for the completion of assessment proceedings. The Assessing Officer was required to consider objections first and then complete the reassessment proceedings. The court noted the voluminous documents involved and deemed the extension necessary for the assessment process.

The court granted the interim application for an extension of time until 30 June 2024 as requested by the revenue. The court emphasized that the first step of considering objections needed to be completed before the assessment proceedings could be finalized. Given the complexity of the case and the volume of documents to be reviewed, the court found it appropriate to grant the extension. All contentions of the parties were kept open for further consideration.

Additionally, the court addressed an application filed by the petitioner requesting physical verification of documents and books of account due to difficulties in uploading voluminous documents under the faceless assessment procedure. The court permitted the Assessing Officer to consider the application and make a decision within two weeks, communicating the outcome to the petitioner. The application was allowed in these terms, and no costs were imposed on either party.

 

 

 

 

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