PR. COMMISSIONER OF INCOME TAX-7, DELHI vs. PUNJAB NATIONAL BANK
No AI summary yet for this case.
%
2026 CM APPL. 2547/2026(for exemption)
The instant application has been filed seeking exemption from furnishing typed copies.
For the reasons stated in the application, the exemption of furnishing typed copies is allowed.
Application stands disposed of. CM APPL. 2548/202 (for delay)
The instant application has been filed seeking condonation of delay of 34 days in filing the appeal.
Issue notice.
List on 20.04.2026 ITA 17/2026
Mr. Puneet Rai, learned Senior Standing Counsel for the appellant This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 27/03/2026 at 11:50:47
fairly submits that appeal involves seven issues out of which six have been held against the Revenue and in favour of the assessee, while only one issue relating to disallowance on account of inter office adjustment remains to be decided and the same is pending for consideration in ITA 188/2013 and ITA 194/2024 between the very same parties.
While rejecting the appeal qua remaining issues, the instant appeal is admitted for the following question of law:- “b) Whether in the facts and circumstances of the case and in law, ITAT erred holding that Rs. 7,14,00,803/- transferred to blocked accounts and taken to general reserve through the profit and loss account cannot be taxed as income?”
Admit.
Issue notice.
List this case on 20.04.2026. DINESH MEHTA, J.
VINOD KUMAR, J. JANUARY 15, 2026/MR This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 27/03/2026 at 11:50:47