https://www.taxtmi.com/caselaws?id=799942 Condonation of delay may be warranted where COVID-19 disruption, flood-related relocation, limited staffing and professional default collectively establish sufficient cause. Deduction under section 80P(2)(a)(i) requires examination of annual accounts and identification of income attributable to eligible business activities. Additions for unexplained cash deposits require verification of the assessee's explanation and supporting member KYC particulars after an effective hearing. Quantum and consequential penalty matters require fresh determination on a complete factual record, with penalty consequences dependent on the revised quantum outcome. en-us Fri, 18 Sep 2026 00:00:00 +0530 Tue, 29 Sep 2026 08:34:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799942 Condonation of delay may be warranted where COVID-19 disruption, flood-related relocation, limited staffing and professional default collectively establish sufficient cause. Deduction under section 80P(2)(a)(i) requires examination of annual accounts and identification of income attributable to eligible business activities. Additions for unexplained cash deposits require verification of the assessee's explanation and supporting member KYC particulars after an effective hearing. Quantum and consequential penalty matters require fresh determination on a complete factual record, with penalty consequences dependent on the revised quantum outcome. Case-Laws Income Tax Fri, 18 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799942