Madras HC Declines to condone 2139-Day Delay Caused by Negligence

Siva Industries and Holdings Ltd. Vs ACIT (Madras High Court) Madras High Court has dismissed a petition filed by Siva Industries and Holdings Ltd. (SIHL) seeking condonation of a 2139-day delay in filing an appeal against the Income Tax Appellate Tribunal (ITAT) order related to the assessment year 2010-11. The court found the reasons provided by the petitioner to be unconvincing and lacking bonafide, ultimately ruling that negligence was the primary cause of the delay. The case underscores the judiciary’s strict stance on procedural delays, particularly in tax matters. SIHL contended that ...