https://www.taxtmi.com/caselaws?id=367219 A bona fide and sufficient explanation for a 52-day delay in filing the appeal justified condonation, as the assessee had relied on a prior coordinate bench ruling on identical issues and the explanation was neither mala fide nor arbitrary. On the merits, disallowance of deduction under section 10AA in relation to interest earned on fixed deposits was not finally adjudicated because the assessee produced a bank sanction letter as additional evidence showing the deposits were linked to working capital and banking facilities. The matter was remitted to the Assessing Officer for fresh examination of that evidence and the relevant judicial decisions. en-us Mon, 10 Sep 2018 00:00:00 +0530 Mon, 17 Sep 2018 08:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367219 A bona fide and sufficient explanation for a 52-day delay in filing the appeal justified condonation, as the assessee had relied on a prior coordinate bench ruling on identical issues and the explanation was neither mala fide nor arbitrary. On the merits, disallowance of deduction under section 10AA in relation to interest earned on fixed deposits was not finally adjudicated because the assessee produced a bank sanction letter as additional evidence showing the deposits were linked to working capital and banking facilities. The matter was remitted to the Assessing Officer for fresh examination of that evidence and the relevant judicial decisions. Case-Laws Income Tax Mon, 10 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367219