The India Thermit Corporation Ltd Vs. The Dy. C.I.T
Case No: ITA No. 4435/DEL/2024
Court: INCOME TAX APPELLATE TRIBUNAL, DELHI ‘E’ BENCH
Date: 3/12/2025
Parties Involved
appellantThe India Thermit Corporation Ltd
respondentThe Dy. C.I.T
Facts Summary
The India Thermit Corporation Ltd filed an appeal against the order of the CIT(A), Noida dated 31.08.2024 for A.Y 2018-19. The assessee raised several grounds of appeal, including the condonation of delay due to Covid-19, the invalidity of the intimation issued under section 143(1)(a) of the Income Tax Act, 1961, and the erroneous determination of income by the Assessing Officer. The assessee argued that once proceedings under section 143(2) had been initiated, no summary proceedings under secti…
Decision in favour of
Assessee
Legal Issues
- 1. Condonation of delay in filing the appeal due to Covid-19
- 2. Validity of intimation issued under section 143(1)(a) after initiation of proceedings under section 143(2)
1 more legal issue analysed in this judgement.
Precedents Relied Upon
2 precedents cited in this judgement.