https://www.taxtmi.com/caselaws?id=448212 Madras HC dismissed petition to condone 5318-day delay in filing tax appeal against Rs. 50 lakh undisclosed income addition. Petitioner filed review and rectification petitions before Tribunal in 2010 and 2013, then remained inactive until filing this delayed appeal. Court found petitioner's conduct lacked bona fide, showed negligence and casual approach. Reasons provided were unconvincing and failed to establish sufficient cause for nearly 14-year delay. Court emphasized that discretion to condone delay must be exercised judiciously, and courts assist only vigilant litigants who don't slumber over their rights. en-us Thu, 21 Dec 2023 00:00:00 +0530 Fri, 12 Jan 2024 10:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448212 Madras HC dismissed petition to condone 5318-day delay in filing tax appeal against Rs. 50 lakh undisclosed income addition. Petitioner filed review and rectification petitions before Tribunal in 2010 and 2013, then remained inactive until filing this delayed appeal. Court found petitioner's conduct lacked bona fide, showed negligence and casual approach. Reasons provided were unconvincing and failed to establish sufficient cause for nearly 14-year delay. Court emphasized that discretion to condone delay must be exercised judiciously, and courts assist only vigilant litigants who don't slumber over their rights. Case-Laws Income Tax Thu, 21 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448212