M/S. GRID CORPORATION OF ORISSA LIMITED,BHUBANESWAR vs. DCIT, CIRCLE-1(1), BHUBANSWAR

ITA 34/CTK/2019Status: DisposedITAT Cuttack29 March 2023AY 2013-1419 pages
AI SummaryAllowed

What did the Tribunal hold?

The Tribunal condoned the delay in filing the appeals. It held that the Principal CIT's orders under Section 263 were unsustainable as they were passed without proper inquiry and without considering the assessee's submissions, thus quashing the orders.

What were the facts?

The assessee's appeals were filed beyond the limitation period due to a clerk's oversight. The Principal CIT had invoked Section 263 proceedings, setting aside assessment orders without adequately considering the assessee's replies.

What were the issues?

Whether the Principal CIT's revisionary orders under Section 263 were valid without proper inquiry and consideration of assessee's replies. Whether the delay in filing appeals should be condoned.

Which sections of the Income-tax Act were involved?

Section 263,Section 40(a)(ia),Section 115JB,Section 143(3)

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Cases cited in this judgment(9)Show list

Detected automatically from the text. Citations are also linked where they appear in the judgment. The count shows how many other judgments on BharatTax rely on the same authority.

IN THE INCOME TAX APPELLATE TRIBUNAL, IN THE INCOME TAX APPELLATE TRIBUNAL, IN THE INCOME TAX APPELLATE TRIBUNAL, CUTTACK BENCH, CUTTACK BEFORE BEFORE S/SHRI GEORGE MATHAN, JUDICIAL JUDICIAL MEMBER AND ARUN KHODPIA, ACCOUNTANT MEMBER AND ARUN KHODPIA, ACCOUNTANT MEMBER AND ARUN KHODPIA, ACCOUNTANT MEMBER ITA Nos.34 & 35/CTK/2019 2019 Assessment Assessment Years : 2013-14 & 2014 14 & 2014-15 M/s. Grid Corporation of M/s. Grid Corporation of Vs. DCIT, Circle DCIT, Circle -1(1), Orissa Ltd., GRIDCO House, Orissa Ltd., GRIDCO House, Bhubaneswar. Bhubaneswar. Janpath, Bhubaneswar Janpath, Bhubaneswar. PAN/GIR No. PAN/GIR No.AABCG 5398 P (Appellant (Appellant) .. ( Respondent Respondent)

ITA Nos.324 & 358/CTK/2019 /CTK/2019 Assessment years: 2013 Assessment years: 2013-14 & 2014 2014-15 M/s. Grid Corporation of M/s. Grid Corporation of Vs. DCIT, Corporate Corporate Circle - Orissa Ltd., GRIDCO House, Orissa Ltd., GRIDCO House, 1(1), Janpath, Bhubaneswar Janpath, Bhubaneswar. Bhubaneswar. Bhubaneswar. PAN/GIR No. PAN/GIR No.AABCG 5398 P (Appellant (Appellant) .. ( Respondent Respondent)

ITA Nos.325 & 359/CTK/2019 & 359/CTK/2019 Assessment years: 2013 Assessment years: 2013-14 & 2014 1

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