https://www.taxtmi.com/caselaws?id=773585 The Tribunal allowed the assessee's appeal, setting aside the CIT(A)'s refusal to condone a 15-day delay in filing appeal, finding sufficient cause despite lack of medical certificate for counsel's illness. The Tribunal held the reassessment under sections 147/148/144/144B invalid due to procedural lapses including absence of proper sanction under section 151 and non-compliance with section 151A notifications. The AO's ex parte additions of cash deposits, interest income, and hotel bills totaling over Rs. 3.3 crores were set aside as the assessment failed to consider the assessee's exemption claim under section 10(23C)(iiiab) as an educational institution substantially financed by Government/UGC. The matter was remitted to AO for fresh assessment after due consideration of submissions and compliance with procedural requirements. en-us Mon, 16 Jun 2025 00:00:00 +0530 Wed, 25 Jun 2025 09:23:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773585 The Tribunal allowed the assessee's appeal, setting aside the CIT(A)'s refusal to condone a 15-day delay in filing appeal, finding sufficient cause despite lack of medical certificate for counsel's illness. The Tribunal held the reassessment under sections 147/148/144/144B invalid due to procedural lapses including absence of proper sanction under section 151 and non-compliance with section 151A notifications. The AO's ex parte additions of cash deposits, interest income, and hotel bills totaling over Rs. 3.3 crores were set aside as the assessment failed to consider the assessee's exemption claim under section 10(23C)(iiiab) as an educational institution substantially financed by Government/UGC. The matter was remitted to AO for fresh assessment after due consideration of submissions and compliance with procedural requirements. Case-Laws Income Tax Mon, 16 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773585