The Commisioner of Income Tax- 2 Mumbai v. M/S. Gilt Securities Trading Corporation Ltd.
Case brief
What is this about?
The High Court allowed a notice of motion seeking condonation of a 142-day delay in filing an Income Tax Appeal. The court found the reasons for the delay satisfactory and granted relief on the prayer related to condonation.
What did the court decide?
The Notice of Motion is allowed in terms of the prayer clause seeking condonation of delay. The delay of 142 days in filing the appeal is condoned.