https://www.taxtmi.com/caselaws?id=465262 An appeal delay may be condoned where the explanation is plausible and no prejudice is caused to the Revenue; on that basis, an 85-day delay was condoned. An intimation under Section 143(1) treating corpus donation as income cannot be sustained where the statutory requirement of communicating the reasons for adjustment under the first proviso is not met; the impugned intimation was therefore quashed. The matter illustrates that procedural compliance in processing adjustments is mandatory, and non-communication of the basis for an adjustment renders the intimation legally infirm. en-us Tue, 05 Aug 2025 00:00:00 +0530 Fri, 12 Dec 2025 20:19:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465262 An appeal delay may be condoned where the explanation is plausible and no prejudice is caused to the Revenue; on that basis, an 85-day delay was condoned. An intimation under Section 143(1) treating corpus donation as income cannot be sustained where the statutory requirement of communicating the reasons for adjustment under the first proviso is not met; the impugned intimation was therefore quashed. The matter illustrates that procedural compliance in processing adjustments is mandatory, and non-communication of the basis for an adjustment renders the intimation legally infirm. Case-Laws Income Tax Tue, 05 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465262