https://www.taxtmi.com/caselaws?id=793935 Delay in filing the appeals was condoned on a liberal, pragmatic view of sufficient cause, where the explanation showed bona fide delay and no mala fides. In the BOT highway project dispute, amortisation of development cost had to be recomputed with reference to the actual concession end date reflected on the record, and the excess depreciation adjustment made in earlier years could not be sustained in the form adopted. Penalty under section 271(1)(c) was deleted because the underlying addition was removed and the issue was debatable. The result was condonation of delay, partial relief on the quantum issue, and deletion of penalty. en-us Tue, 28 Apr 2026 00:00:00 +0530 Fri, 26 Jun 2026 07:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793935 Delay in filing the appeals was condoned on a liberal, pragmatic view of sufficient cause, where the explanation showed bona fide delay and no mala fides. In the BOT highway project dispute, amortisation of development cost had to be recomputed with reference to the actual concession end date reflected on the record, and the excess depreciation adjustment made in earlier years could not be sustained in the form adopted. Penalty under section 271(1)(c) was deleted because the underlying addition was removed and the issue was debatable. The result was condonation of delay, partial relief on the quantum issue, and deletion of penalty. Case-Laws Income Tax Tue, 28 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793935