https://www.taxtmi.com/caselaws?id=343238 The Tribunal dismissed the appeals as unadmitted due to a delay of 580 days in filing appeals related to the computation of book profits under section 115JB of the IT Act. The Assessees' argument of being unaware of the need to file appeals until their Chartered Accountant brought it to their attention was not considered a valid reason for the delay, indicating gross negligence. The Tribunal emphasized the importance of adhering to statutory timelines and providing valid explanations for delays to balance substantial justice with procedural requirements. en-us Fri, 19 May 2017 00:00:00 +0530 Mon, 22 May 2017 07:24:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343238 The Tribunal dismissed the appeals as unadmitted due to a delay of 580 days in filing appeals related to the computation of book profits under section 115JB of the IT Act. The Assessees' argument of being unaware of the need to file appeals until their Chartered Accountant brought it to their attention was not considered a valid reason for the delay, indicating gross negligence. The Tribunal emphasized the importance of adhering to statutory timelines and providing valid explanations for delays to balance substantial justice with procedural requirements. Case-Laws Income Tax Fri, 19 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343238