2021 (5) TMI 491

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..... nsidering the petitioner's representation was ongoing and additional time was sought. It is brought to notice today that on 08.04.2021, the Deputy Commissioner of Income Tax, Central Circle -1(2) has conveyed the approval of the Principal Commissioner of Income Tax for release of 5825.59 gms of jewellery and communicated the same to the Assessing Officer. The letter states that the process of .....

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..... eal to the Income Tax Appellate Tribunal and has been remanded. 3.The order of remand passed by the Income Tax Appellate Tribunal on 12.12.2017 was challenged by the revenue in Tax Case (Appeal) No.434 of 2018, dismissed on 15.07.2020 by a Division Bench of this Court. On the assessment has been completed as early as on 31.12.2018, where the Assessing Authority records the position that the e .....

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..... f Income Tax, Central Circle -1(2) has conveyed the approval of the Principal Commissioner of Income Tax for release of 5825.59 gms of jewellery and communicated the same to the Assessing Officer. The letter states that the process of release is underway. This is recorded. The communication of the Assessing Officer is extracted below: The assessee vide his petition dated 03.11.2020 and on othe .....

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