https://www.taxtmi.com/caselaws?id=786618 Delay of 1,835 days in filing the second appeal was condoned because the assessee had pursued a substantially identical rectification remedy in bonafide precautionary pursuit of alternative appellate relief, and the appeal was admitted. The assessing officer's characterization of certain bank interest as income from other sources and disallowance of deduction was reversed: entitlement to deduction for the cooperative's mutual transactions was allowed in line with binding jurisdictional High Court precedent. Additions treated as unexplained deposits during demonetisation were not adjudicated and are remitted to the lower appellate authority for fresh consideration with opportunity to the assessee. en-us Thu, 12 Feb 2026 00:00:00 +0530 Sat, 14 Feb 2026 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786618 Delay of 1,835 days in filing the second appeal was condoned because the assessee had pursued a substantially identical rectification remedy in bonafide precautionary pursuit of alternative appellate relief, and the appeal was admitted. The assessing officer's characterization of certain bank interest as income from other sources and disallowance of deduction was reversed: entitlement to deduction for the cooperative's mutual transactions was allowed in line with binding jurisdictional High Court precedent. Additions treated as unexplained deposits during demonetisation were not adjudicated and are remitted to the lower appellate authority for fresh consideration with opportunity to the assessee. Case-Laws Income Tax Thu, 12 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786618