Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2018 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (9) TMI 1471 - MADRAS HIGH COURTCondonation of delay - Revision petition under Section 264 - Held that:- First respondent is totally justified in rejecting the revision, since the reasons stated by the petitioner for the delay is neither convincing nor acceptable, as ignorance of law is no excuse. Petitioner invited this Court's attention to the communication sent by the ICICI Bank to the petitioner on 29.12.2010 to contend that the Assessing Officer has erred in making an addition of ₹ 6,58,237/-. I do not think that the above communication of the ICICI Bank, in any way, would help the petitioner, as the said communication clearly indicates only that no transactions were made for an amount of ₹ 6,80,348/- for the financial year 2007-2008 and not that the total transaction made for the said financial year was not for an amount of ₹ 6,80,348/-. As find that even on merits, the petitioner has not made out a case so as to seek for indulgence before the first respondent for considering the revision, by condoning such enormous delay. No grounds to interfere with the order of the first respondent. W.P. dismissed.
|