C.I.T,MUMBAI vs M/S DARSHAN SECURITIES P.LTD.

The Supreme Court held that the High Court's dismissal of an appeal solely on the grounds of delay was inappropriate given the significance of the legal question and the stakes involved. The Court emphasized that the High Court should have considered the matter for admission and decided it on merits according to law. Consequently, the civil appeal was allowed, directing the High Court to re-evaluate the case.