2024 (12) TMI 1596

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....h Nangia, Advocates. For the Respondent : Mr S. Krishnan with Mr Harshit Chauhan, Advocates. ORDER CM APPL. 18103/2024 1. For the reasons stated in the application, the delay is condoned. 2. The application is disposed of. ITA 194/2024 3. The Revenue has projected the following questions for consideration of this Court: "a) Whether in the facts and circumstances of th....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... d) Whether in the facts and circumstances of the case and in law, ITAT erred in allowing deduction and consequently deleting addition of Rs. 215,56,00,000/- which was credited to PNB Employees' Pension Fund under section 43B of the IT Act even when the amount was not payable as per terms and conditions of the pension fund? e ) Whether in the facts and circumstances of the case and in ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....her 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? f) Whether in the facts and circumstances of the case and in law, ITAT erred in holding that the nature of profit and loss earned by the assessee from the investment ....