2020 (9) TMI 97 - SCH - Income Tax

Addition u/s 41 - cessation or remission of liability - Written back of excess provision made in earlier years - Disallowance of business expenditure Additional expenditure relating to aircrafts taken on finance lease - HELD THAT - Non availability of the court fee during the lock down period, the same could not be deposited within the time granted by the court on 06.03.2020 but will be deposited now within two weeks. In the circumstances, the order for depositing cost of ₹ 4,000/- in default of payment within four weeks, should be recalled. Considering the above, the appellant(s) are granted two weeks time to do the needful, in terms of the office report dated 25.8.2020. Having regard to the circumstances for which the amount was not paid, the order for cost of ₹ 4,000/- in default of payment, stands recalled. It is ordered accordingly.

Summary

The Supreme Court granted the appellant two weeks to deposit the court fee due to lockdown restrictions. The order for depositing a cost of Rs. 4,000 in default was recalled.