BSCPL AURANG TOLLWAY LIMITED,HYDERABAD vs. DCIT., CIRCLE-1(1), HYDERABAD

In the result, the appeal filed by the assessee is dismissed

Bench: the Tribunal. The assessee has filed an affidavit explaining the reasons for the delay, wherein it was submitted that the appeal for the relevant assessment year was required to be filed within 60 days from the date of receipt of the order passed under Section 263 of the Income-tax Act, 1961. However, the

Section 263 of 2 BSCPL Aurang Tollway Limited Income Tax Act, 1961 (for short “the Act”) and pertains to the assessment year 2018-19. 2. The grounds raised by the assessee read as under : “1. Ld. Pr. CIT-1 has wrongly assumed jurisdiction u/s 263 as the AO after scrutinizing all the details, making enquiries, proper verification and consideration

COUNTRY CLUB HOSPITALITY & HOLIDAYS LIMITED,HYDERABAD vs. DCIT., CIRCLE-1(1), HYDERABAD

In the result, the appeal filed by the assessee is partly allowed