https://www.taxtmi.com/caselaws?id=762567 Revision under section 263 on whether development fees were revenue or corpus income, and whether educational trust income applied for capital expenditure, turned on the need for enquiry before invoking revisional power. The Tribunal's order quashing the revisional order had already been maintained by the HC, and the SC noted that no substantial question of law arose. The Special Leave Petition was then dismissed after rejection of condonation of a 504-day delay in filing, the Court finding no explanation for the delay. en-us Mon, 25 Nov 2024 00:00:00 +0530 Wed, 29 Apr 2026 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762567 Revision under section 263 on whether development fees were revenue or corpus income, and whether educational trust income applied for capital expenditure, turned on the need for enquiry before invoking revisional power. The Tribunal's order quashing the revisional order had already been maintained by the HC, and the SC noted that no substantial question of law arose. The Special Leave Petition was then dismissed after rejection of condonation of a 504-day delay in filing, the Court finding no explanation for the delay. Case-Laws Income Tax Mon, 25 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762567