https://www.taxtmi.com/caselaws?id=792046 Delay in filing an appeal will not be condoned where the explanation is vague, unsupported by material, and discloses negligence or lack of bona fides rather than sufficient cause. On the facts noted, repeated non-compliance and inaction justified refusal to condone the 132-day delay. Revision under section 263 of the Income-tax Act is sustainable where the assessment order is passed without proper enquiry on a material issue; here, failure to verify the source of cash deposits and to reconcile the alleged cash consideration with the registered sale deed rendered the assessment erroneous and prejudicial to the interests of the Revenue. The revisionary order was therefore upheld. en-us Tue, 21 Apr 2026 00:00:00 +0530 Fri, 22 May 2026 07:06:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792046 Delay in filing an appeal will not be condoned where the explanation is vague, unsupported by material, and discloses negligence or lack of bona fides rather than sufficient cause. On the facts noted, repeated non-compliance and inaction justified refusal to condone the 132-day delay. Revision under section 263 of the Income-tax Act is sustainable where the assessment order is passed without proper enquiry on a material issue; here, failure to verify the source of cash deposits and to reconcile the alleged cash consideration with the registered sale deed rendered the assessment erroneous and prejudicial to the interests of the Revenue. The revisionary order was therefore upheld. Case-Laws Income Tax Tue, 21 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792046