9911796707
TMI Blog1995 (2) TMI 60X X X X Extracts X X X X X X X X Extracts X X X X ..... rtner of the firm bearing the name and style of Opal Fine Chemicals Industries, which carries on business at Indore. The firm was constituted on April 28, 1953, and carries on the business of manufacture and sale of cosmetic chemicals. It was assessed to income-tax for the first assessment year, i.e., 1974-75. The firm obtained registration under the relevant provisions of the Income-tax Act. Vari ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for condonation of delay in submitting the appeals for these two years was also rejected by the Commissioner of Income-tax (Appeals). The present petitions under section 264 have been filed on July 27, 1984, and are thus late by nearly four months. The petitioner filed an application dated February 21, 1985, and a written submission dated March 5, 1985. Aggrieved by the order passed by respondent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed that if the order disposing of the application seeking condonation of delay is demolished, then the matter may be left to the discretion of the authority for reconsideration of the application afresh and that the respondents may be left free to object to the prayer of condonation of delay. In Collector, Land Acquisition v. Mst. Katiji [1987] 167 ITR 471 (SC), it is held that the court should ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
