https://www.taxtmi.com/caselaws?id=467052 Condonation of delay was granted where an appeal filing delay exceeding 3,000 days was satisfactorily attributed to a bona fide, pending rectification application, the assessee's reasonable expectation of central processing correction, and reliance on external professional assistance due to absence of full time managerial/accounting staff; precedent support was applied. On the principal tax issue, the tribunal applied coordinate bench authority and higher court precedent to hold that interest earned by a cooperative society from investments with cooperative banks falls within the deductible category under the relevant cooperative society deduction provision, resulting in allowance of the claim and deletion of the assessing officer's addition. en-us Mon, 24 Feb 2025 00:00:00 +0530 Wed, 11 Mar 2026 17:22:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467052 Condonation of delay was granted where an appeal filing delay exceeding 3,000 days was satisfactorily attributed to a bona fide, pending rectification application, the assessee's reasonable expectation of central processing correction, and reliance on external professional assistance due to absence of full time managerial/accounting staff; precedent support was applied. On the principal tax issue, the tribunal applied coordinate bench authority and higher court precedent to hold that interest earned by a cooperative society from investments with cooperative banks falls within the deductible category under the relevant cooperative society deduction provision, resulting in allowance of the claim and deletion of the assessing officer's addition. Case-Laws Income Tax Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467052