2020 (7) TMI 307

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..... jyoti Ray, JCIT. ORDER PER SH. S.S. GODARA, JUDICIAL MEMBER: This Revenue's Miscellaneous Application filed u/s 254(2) of the Income Tax Act, 1961 (in short the 'Act') seeks to recall the tribunal's order dated 28.03.2019 declining the main appeal ITA 914/Kol/2017 for involving lower than the prescribed tax effect of Rs.50 lakhs as per the CBDT Circular No. 17/2019 dated 08.08.2019. .....

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..... Rs.50 lakhs. Its main appeal ITA 914/Kol/2017 is restored to its original number. We now proceed to deal with the main case Revenue's appeal ITA 914/Kol/2017 itself with the consent of both the parties. There is no dispute on the basic fact that the Assessing Officer's order herein dated 10.06.2009 passed u/s 201(1A) r.w.s. 195 of the Act has raised interest payment in issue of Rs.1,02,545/- .....

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..... The Assessing Officer's order dated 10.06.2009 stands restored as a necessary corollary. The Revenue's appeal ITA 914/Kol/2017 is allowed. 3. Before parting, it is noted that the order is being pronounced after ninety days of hearing. However, taking note of the extraordinary situation in the light of the COVID-19 pandemic and lockdown, the foregoing period needs to be excluded. For comi .....

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