Case Law Details
Egis International S.A. Vs ACIT (ITAT Delhi)
The Income Tax Appellate Tribunal (ITAT) Delhi recently adjudicated a noteworthy case involving Egis International S.A. and Assistant Commissioner of Income Tax (ACIT). The core issue revolved around whether non-compliance with an e-notice, due to the concerned employee leaving the company, could be considered a “reasonable cause.”
The Grounds of Appeal
Egis International raised multiple issues, questioning the legality and fairness of the decisions made by the Commissioner of Income Tax (Appeals) and the Assessing Officer. These ranged from transfer pricing adjustments to the validity of the ex-parte order passed by the Commissioner.
Non-Compliance Due to Employee’s Exit
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