ACIT, NEW DELHI vs. M/S. PORBANDAR SOLAR POWER LTD., NEW DELHI
In the result, the appeal of the Revenue is dismissed
ITA 6539/DEL/2015[2012-13]Status: DisposedITAT Delhi30 Aug 2016AY 2012-13
Bench: Shri H.S. Sidhuassessment Year: 2012-13
For Appellant: Shri Sanjeev Kapoor, CAFor Respondent: Sh. FR Meena, Sr. DR
Section 143(1)Section 143(2)Section 143(3)
5O,OO,OOO/- deposited as margin
money for issue of performance security for fulfillment
of obligation under power purchase agreement with
Gujarat Urja Vikas Nigam Ltd. It is the case of the AO
that the said FDRs had been made out surplus fund
available to the appellant and even if the FDRs may be
Inextricably with the business
