Assessee by Shri Margav Shukla Revenue by Shri Ritesh Misra, CIT DR Date of Hearing 23.06.2025 Date of Pronouncement 04.08.2025 आदेश / ORDER PER SANDEEP GOSAIN, JM:

The present two appeals have been filed by the assessee challenging the impugned order dt. 26.02.2025 & 22.02.2025 passed u/s 250 of the Income Tax Act , 1961 (‘the Act’), by the National Faceless Appeal Centre, Delhi (NFAC) for the assessment years 2017-18 & 2018-19

2. Since all the issues involved in these two appeals are common and identical, therefore, they have been clubbed, heard together and consolidated order is being passed for the sake of convenience and brevity. We shall take ITA No.

2632/Mum/2025, A.Y 2018-19 as lead case and facts narrated therein.

ITA No. 2632/Mum/2025, A.Y 2018-19

3. At the outset, we noticed that the present appeal filed by the assessee is time barred by 351 days and in this regard an application for seeking condonation of delay has been filed by the assessee, wherein it has been mentioned as under:

“We, Incorp Restructuring Services LLP, through our Authorized Representative, Mr. Vithal RV Dahake, in our capacity as the Resolution Professional of Edweena Real Estate Private Jmited, having o