https://www.taxtmi.com/caselaws?id=220051 The dominant issue was whether the ITAT erred in condoning the delay in filing applications for registration/approval under ss. 12A/12AA and 80G and, consequently, in setting aside the revisional order under s. 263. The HC held that contemporaneous criminal proceedings materials-statements, police complaints (including by the Department), investigation reports, remand orders, and admissions in bail proceedings-constituted cogent evidence of the treasurer's forgery and misrepresentation, and could not be disregarded as lacking evidentiary value. Applying SC principles that refusal to accept a plausible explanation is an exception and that findings cannot rest on conjecture, the HC found the assessee acted promptly on discovery and lacked mala fides or negligence; the ITAT's condonation and setting aside of the s. 263 order were upheld. en-us Fri, 21 Dec 2012 00:00:00 +0530 Sat, 10 Jan 2026 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220051 The dominant issue was whether the ITAT erred in condoning the delay in filing applications for registration/approval under ss. 12A/12AA and 80G and, consequently, in setting aside the revisional order under s. 263. The HC held that contemporaneous criminal proceedings materials-statements, police complaints (including by the Department), investigation reports, remand orders, and admissions in bail proceedings-constituted cogent evidence of the treasurer's forgery and misrepresentation, and could not be disregarded as lacking evidentiary value. Applying SC principles that refusal to accept a plausible explanation is an exception and that findings cannot rest on conjecture, the HC found the assessee acted promptly on discovery and lacked mala fides or negligence; the ITAT's condonation and setting aside of the s. 263 order were upheld. Case-Laws Income Tax Fri, 21 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220051