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2016 (8) TMI 1444 - HC - Income TaxRevision Application u/s 264 - application time bared - application for condonation of delay - HELD THAT:- It is clear that the above application for condonation of delay merely states that the petitioner inadvertently failed to claim the deduction u/s 80IA(4) during the assessment proceedings leading to the order dated 22nd March, 2013 of the AO. The impugned order holds that there is no explanation provided in the application as to why the delay took place in filing the Revision Application within the time prescribed under Section 264 of the Act. Therefore, rejected the revision application, as time barred. View taken by the CIT cannot be faulted with. This is so as the application for condonation of delay does not even attempt to explain the reason for delay in filing the revision application. It merely sets out the reasons for not claiming relief under Section 80IA of the Act in the assessment proceedings. Petition dismissed.
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