Silver Oak Infrastructure & Developers Vs. Commissioner of Income Tax
Case No: ITA No.4177/M/2026
Court: Income Tax Appellate Tribunal, Mumbai
Date: 22 Sep 2026
Parties Involved
appellantSilver Oak Infrastructure & Developers
respondentCommissioner of Income Tax
Facts Summary
The assessee, Silver Oak Infrastructure & Developers, filed an appeal against the order passed by the Commissioner of Income Tax (Appeals) for the assessment year 2012-13. The appeal was filed after a long delay, and the assessee sought condonation of the delay. The assessee provided an affidavit explaining the delay, citing reasons such as the appellate order being misplaced during office shifting, the business being closed, and the COVID-19 pandemic. However, the Tribunal found the explanation inadequate and rejected the application for condonation of delay.…
Decision in favour of
Assessee
Legal Issues
- 1. Disallowance of Rent paid to LESSOR Mr. Kamal Kant Jindal of Rs.421750-
- 2. Disallowance of Unsecured Loan of Rs.199000- u/s 41(1) as ceased ‘LOAN’ Liability:
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
1 precedent cited in this judgement.