https://www.taxtmi.com/caselaws?id=286003 The Supreme Court reversed the decision on Section 80IB of the Income Tax Act, 1961, leading to a series of rectification applications. The Court found the delay of 1873 days in filing the appeal unacceptable due to lack of diligence by the Applicant in pursuing remedies promptly. Despite arguments for excluding certain periods, the Court emphasized the importance of adhering to limitation laws and dismissed the Notice of Motion, underscoring the significance of timely action in legal proceedings. en-us Fri, 15 Jan 2016 00:00:00 +0530 Fri, 07 Feb 2020 09:41:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286003 The Supreme Court reversed the decision on Section 80IB of the Income Tax Act, 1961, leading to a series of rectification applications. The Court found the delay of 1873 days in filing the appeal unacceptable due to lack of diligence by the Applicant in pursuing remedies promptly. Despite arguments for excluding certain periods, the Court emphasized the importance of adhering to limitation laws and dismissed the Notice of Motion, underscoring the significance of timely action in legal proceedings. Case-Laws Income Tax Fri, 15 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286003