DCIT, CIRCLE - 3(1), KOLKATA, KOLKATA vs. M/S. THE PEERLESS GENERAL FINANCE & INVESTMENT CO. LTD.,, KOLKATA

In the result, the appeal of the Revenue is dismissed

Bench: Sri J. Sudhakar Reddy & Sri S.S. Viswanethra Ravii.T.A. No. 901/Kol/2018 Assessment Year: 2006-07 Dcit, Circle-3(1), Kolkata.................…………………….………....………………...…………………….….Appellant M/S The Peerless General Finance & Inv. Co. Ltd.....................................…....….…………..…...Respondent [Pan :Aabct 3043 L ] Appearances By: Shri S. Halder, Sr. Dr, Appearing On Behalf Of The Appellant. Shri S. K. Tulsiyan, Appearing On Behalf Of The Respondent.

condone the delay and admit the appeal. 3. The sole ground of appeal that arises for our adjudication reads as follows: “01. Whether on the facts and in the circumstances of the case and in law, the Ld. CIT(A) is justified in allowing interest u/s 244A ignoring the order passed by the Hon’ble Settlement Commission and ignoring