2024 (12) TMI 147

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..... evelopment Fund instead of being routed through the income and expenditure account and this was then treated as part of the Revenue and therefore the taxable income u/s 11 (1) - delay in filling SLP - As decided in HC [ 2022 (3) TMI 1497 - ORISSA HIGH COURT] as noted by the ITAT, if only the CIT (E) had undertaken an inquiry, he would have come to the above conclusion and there would have been no .....

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..... kar Jain, Adv. Mr. Nring Chamwibo Zeilang , Adv ORDER UPON hearing the counsel the Court made the following. After having perused the application for condonation of delay, we find that there is absolutely no explanation for a long delay of 504 days in preferring the Special Leave Petition. Hence, the Application seeking condonation of delay in preferring the Special Leave Petition is rejected. Con .....

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