1995 (5) TMI 16 - HC - Income Tax

Summary

The High Court of Delhi ruled in favor of the assessee in a tax case regarding the delay in filing an application for continuation of registration. The court cited a Supreme Court decision in the case of CIT v. Ashoka Engineering Co. [1992] 194 ITR 645 to support its decision. The court held that an appeal is maintainable from an order rejecting such an application filed beyond the deadline if there was no sufficient cause for the delay. The court answered the question of law in the negative, favoring the assessee and disposing of the petition.