PR. COMMISSIONER OF INCOME TAX -7, DELHI vs PUNJAB AND SIND BANK

IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision : 24.04.2025 ITA 111/2025 PR. COMMISSIONER OF INCOME TAX -7, DELHI .....Appellant Through: Mr Puneet Rai, SSC, Mr Ashvini Kumar and Mr Rishabh Nangia, SCs and Mr Nikhil Jain, Advocate. versus PUNJAB AND SIND BANK .....Respondent Through: Mr Salil Kapoor, Mr Sumit Lalchandani and Ms Ananya Kapoor, Advocates. CORAM: HON'BLE MR. JUSTICE VIBHU BAKHRU HON'BLE MR. JUSTICE TEJAS KARIA VIBHU BAKHRU, J. (ORAL) CM APPL. 23798/2025 (condonation of delay in refiling) 1. For the reasons stated in the application, the delay of 152 days in re- filing the above captioned appeal is condoned. 2. The application stands disposed of. CM APPL. 23797/2025 (condonation of delay in filing) 3. For the reasons stated in the application, the delay of 115 days in filing the above captioned appeal is condoned. 4. The application stands disposed of. CM APPL. 23796/2025 (Exemption) 5. Exemption is allowed, subject to all just exceptions. 6. The application stands disposed of. ITA 111/2025 7. The Revenue has filed the present appeal under Section 260A of the Income Tax Act, 1961 [the Act] impugning an order dated 07.02.2024 [impugned order] passed by the lea