2024 (10) TMI 312 - SCH - Income Tax

ITA order suffers from delay and laches - order impugned has been passed in 2020, whereas the ITA has been filed in 2023, and as such, there is delay of more than three years in filing the ITA - as decided by HC 2024 (10) TMI 209 - ORISSA HIGH COURT this Court is not inclined to entertain this ITA at this belated stage, as the ITA suffers from delay and laches HELD THAT- Having regard to the basis of the order passed by the Income Tax Appellate Tribunal 2020 (9) TMI 765 - ITAT CUTTACK and the consent of the assessee towards the assessment of profit, we see no reason to interfere. It is also relevant to notice that the challenge before the High Court was delayed by three years. The Special Leave Petition is accordingly dismissed. Pending application(s), if any, stand closed.

Summary

The Supreme Court dismissed the Special Leave Petition filed by the petitioner - Assessee, as there was no reason to interfere with the order passed by the Income Tax Appellate Tribunal. The challenge before the High Court was delayed by three years. Pending applications stand closed.