Dismissing the petition the Hon’ble court has held that the assessee was not vigilant rather negligent and there is lack of bona fide even in explaining the delay. The assessee had failed to demonstrate that there was “sufficient cause” for the delay in filing the Tax Case Appeal and thus the petition is liable to be dismissed.(AY. 2010-11)
Siva Industries and Holdings Ltd. v. Asst. CIT (2024) 461 ITR 133 (Mad)(HC) Editorial : SLP dismissed, Siva Industries and Holdings Ltd. v. Asst. CIT (2024) 461 ITR 142 (SC)
S. 260A: Appeal-High Court-Delay of 2139 days-Absence of sufficient cause-Delay is cannot be condoned.