https://www.taxtmi.com/caselaws?id=466196 Application for condonation of delay under s.264(3) addressed sufficiency of cause for a seven-year delay in preferring a revision after rejection of a rectification request relating to denial of exemption u/s 10(25). The court applied the sufficient cause test, observing the rectification rejection was uploaded on the income tax portal and the institutional assessee was obliged to exercise reasonable diligence; relying on N. Balakrishnan principles, no sufficient cause was found. Consequently the PCIT's rejection stood affirmed and the writ petition was dismissed. en-us Fri, 12 Sep 2025 00:00:00 +0530 Wed, 28 Jan 2026 19:21:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466196 Application for condonation of delay under s.264(3) addressed sufficiency of cause for a seven-year delay in preferring a revision after rejection of a rectification request relating to denial of exemption u/s 10(25). The court applied the sufficient cause test, observing the rectification rejection was uploaded on the income tax portal and the institutional assessee was obliged to exercise reasonable diligence; relying on N. Balakrishnan principles, no sufficient cause was found. Consequently the PCIT's rejection stood affirmed and the writ petition was dismissed. Case-Laws Income Tax Fri, 12 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466196