https://www.taxtmi.com/caselaws?id=788050 The appellate order dismissing the appeal for non-prosecution was set aside and the matter restored for de novo adjudication to permit the assessee to substantiate an interest deduction claim under section 57(iii) of the Income Tax Act. The decision applies principles of natural justice, holding that notwithstanding the assessee's failure to effectively prosecute the appeal, a further reasonable opportunity must be afforded to place evidence and submissions. Restoration is made conditional on payment of costs of Rs.10,000 to reflect prior non-prosecution. en-us Thu, 12 Mar 2026 00:00:00 +0530 Mon, 16 Mar 2026 08:42:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788050 The appellate order dismissing the appeal for non-prosecution was set aside and the matter restored for de novo adjudication to permit the assessee to substantiate an interest deduction claim under section 57(iii) of the Income Tax Act. The decision applies principles of natural justice, holding that notwithstanding the assessee's failure to effectively prosecute the appeal, a further reasonable opportunity must be afforded to place evidence and submissions. Restoration is made conditional on payment of costs of Rs.10,000 to reflect prior non-prosecution. Case-Laws Income Tax Thu, 12 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788050