THE SARDAR GUNJ MERCANTILE CO.OP.BANK LTD.,,PATAN vs. THE DY.CIT, PATAN CIRCLE,, PATAN

This appeal by the Assessee is directed against the order of Ld. CIT(A), Gandhinagar, Ahmedabad dated 27.04.2015 pertaining to A.Y. 2012-13.

The C.I.T.(Appeals) erred in law and on facts in confirming the disallowance of Rs. 15,543/- made by the Assessing Officer by adding profit on sale of plant and machinery.

The C.I.T.(Appeals) erred in law and on facts in confirming the disallowance of Rs.232/- made by the Assessing Officer by adding profit on sale of dead stock.

The appeal is late by 49 days. The assessee has requested for the condonation of the delay. We have carefully considered the reasons given by the assessee. We find that the assessee was prevented by reasonable and sufficient cause for not filing the appeal within the period of limitation. The delay is accordingly condoned. Coming to the merits of the case, the ld. counsel fairly conceded that the grievance raised by the assessee have been decided by the Hon’ble Jurisdictional High Court of Gujarat in favour of the revenue and against the assessee in the case of Rajkot Dist. Co-op Bank Ltd. 43 taxmann.com 161.