CIT (Exemptions) Vs Kalinga Institute Of Industrial Technology (Supreme Court of India)
The Supreme Court dismissed a Special Leave Petition (SLP) filed by the Commissioner of Income Tax (Exemptions) against Kalinga Institute of Industrial Technology (KIIT). The SLP pertained to a dispute where development fees collected by the educational trust were treated as capital expenditure. The court rejected the application for condonation of a 504-day delay in filing the SLP, citing a lack of adequate explanation for the prolonged delay. Consequently, the SLP was dismissed solely on the grounds of delay. All pending applications related to this matter were also disposed of accordingly.
FULL TEXT OF THE SUPREME COURT JUDGMENT/ORDER
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. Consequently, the Special Leave Petition stands dismissed on the ground of delay.
Pending application stands disposed of accordingly.
