PRINCIPAL COMMISSIONER OF INCOME TAX 1 KOLKATA vs. M/S GARDEN REACH SHIPBUILDERS AND ENGINEERS LTD

The appeal is allowed and the order passed by the Tribunal is set aside

Bench: THE HON'BLE THE CHIEF JUSTICE T.S SIVAGNANAM,HON'BLE JUSTICE HIRANMAY BHATTACHARYYA

condonation of delay is allowed. This appeal filed by the revenue under Section 260A of the Income Tax Act, 1961 is directed against the order dated 07.09.2021 passed by the Income Tax Appellate Tribunal “B” Bench, Kolkata in ITAT No. 50/Kol/2020 for the assessment year 2012-13. The respondent has raised the following substantial question of law :- “Whether