IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCHES ‘B’: NEW DELHI.

BEFORE SHRIS.RIFAUR RAHMAN, ACCOUNTANT MEMBER and SHRI VIMAL KUMAR, JUDICIAL MEMBER (Assessment Year: 2018-19)

Standard Castings Private Limited, vs. ITO, Ward 24(1), A – 3, 3^rd Floor, Phase – I, Delhi.

Mayapuri Industrial Area, Mayapuri, Delhi – 110 064.

(PAN : AABCS0787L)

(APPELLANT) (RESPONDENT)

ASSESSEE BY :Shri Satyen Sethi, Advocate Shri A.T. Panda, Advocate REVENUE BY : Shri Rajesh Kumar Dhanesta, Sr. DR Date of Hearing : 26.08.2025 Date of Order : 19.11.2025

O R D E R

PER S. RIFAUR RAHMAN, ACCOUNTANT MEMBER :

1. The assessee has filed appeal against the order of the Learned Commissioner of Income-tax (Appeals)/National Faceless Appeal Centre (NFAC), Delhi [“Ld. CIT(A)”, for short] dated 17.06.2025 for the Assessment Year 2018-19.

2. Brief facts of the case are, assessee filed its return of income for AY

2018-19 on 21.09.2018 declaring total income at Rs.nil under the normal provisions and declared profit of Rs.5,57,01,251/- as per the provisions of section 115JB of the Income-tax Act,1961 (for short ‘the Act’) The return of income was processed u/s 143(1) of the Act on 21.12.2019, wherein the total income is computed