Taxpayer Entitled to Merit Hearing Despite HC Dismissal for Paper-Book Delay: SC

Herbicides India Limited Vs ACIT (Supreme Court of India) Introduction: In a recent legal development, the Supreme Court of India addressed a crucial issue concerning Herbicides India Limited’s appeals against the Commissioner of Income Tax’s order for Assessment Years 2001-2002 and 2002-2003. The High Court of Rajasthan had dismissed these appeals without delving into the merits due to a delay in filing paper books. Detailed Analysis: For the Assessment Year 2001-2002, the Assessing Officer disallowed interest allowance on 10.03.2004. Subsequent appeals were dismissed by the Commi...