Delhi High Court Judgments — 2026

The ITAT set aside the CIT(A)'s order, holding that the Supreme Court judgments in Bokaro Steel Ltd. and Karnal Cooperative Sugar Mills Ltd. were not applicable to the appellant's case. It concluded that the interest received was wrongly adjusted against project expenses and was liable to be taxed separately as 'income from other sources'.

The Delhi High Court dismissed the department's appeal, affirming the ITAT's decision on all five questions of law. The court found the issues covered by precedents, confirmed energy tax payable on collection, held interest on security deposits as a statutory liability, and allowed higher depreciation for UPS as integral to computers.