DCIT Central Circle-06, New Delhi vs. Praveen Kumar Jolly, New Delhi
In the result, appeal of the Revenue in No
ITA 1654/DEL/2023[2011-12]Status: DisposedITAT Delhi15 Oct 2025AY 2011-12
Bench: Shri Yogesh Kumar U.S. & Shri Manish Agarwal[Assessment Year : 2011-12] Dcit, Vs Praveen Kumar Jolly, Central Circle-06, 39/1, East Patel Nagar, New Delhi New Delhi-110008. Pan-Aagpj0144C Appellant Respondent
Section 139(1)Section 147Section 148Section 250Section 68
…ismissed in regard to the first question. Insofar as the second question is concerned, the issue, it is common ground, is governed by the decision of this Court in Plastiblends India Limited Vs. Additional Commissioner of Income Tax, Mumbai and Another (2017) 9 SCC 685." 2. [2009] 178 Taxman 135 (Bombay) High Court Of Bombay Commissioner of Income-tax v. Reliance Utilities & Power Ltd. "9. Apart from that we have noted earlier that both in the order of the CIT (Appeals) as also the Appellate Tribunal, a clear finding is recorded that the assessee had interest-free funds of its own which had been generated in the…