https://www.taxtmi.com/caselaws?id=469624 Condonation of delay depends on a bona fide and sufficient explanation, not on the length of delay or the merits of the underlying dispute; on that basis, the 282-day delay in filing the appeal was condoned. Interest income earned by a co-operative society from deposits with co-operative banks was treated as attributable to its credit-facility business, and temporary deployment of surplus funds linked to that activity was held eligible for deduction under section 80P(2)(a)(i). The disallowance was therefore set aside and relief granted to the assessee. en-us Mon, 29 Dec 2025 00:00:00 +0530 Wed, 24 Jun 2026 14:11:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469624 Condonation of delay depends on a bona fide and sufficient explanation, not on the length of delay or the merits of the underlying dispute; on that basis, the 282-day delay in filing the appeal was condoned. Interest income earned by a co-operative society from deposits with co-operative banks was treated as attributable to its credit-facility business, and temporary deployment of surplus funds linked to that activity was held eligible for deduction under section 80P(2)(a)(i). The disallowance was therefore set aside and relief granted to the assessee. Case-Laws Income Tax Mon, 29 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469624