IN THE INCOME TAX APPELLATE TRIBUNAL DELHI “H” BENCH: NEW DELHI BEFORE SHRI YOGESH KUMAR U.S, JUDICIAL MEMBER &

SHRI MANISH AGARWAL, ACCOUNTANT MEMBER ITA No.2705/Del/2024 (ASSESSMENT YEAR 2011-12)

O R D E R

PER MANISH AGARWAL, AM:

This appeal is filed by the Assessee against the final assessment order dated

31.03.2024 passed u/s 144C r.w.s. 143(3) r.w.s. 254 of the Income Tax Act, 1961 (‘the Act”) arising out of the directions issued by the ld. Dispute Resolution Panel -

1, New Delhi ("ld. DRP") dated 18.09.2023 for Assessment Year 2011-12.

2. Brief facts of the case are that assessee filed its return of income for on 30.11.2011 declaring total income of Rs. 1,27,46,780/-. The case was selected for scrutiny through CASS. Thereafter draft assessment order dated 20.02.2015 was passed proposing adjustment of Rs. 1,93,37,357/- as per order of TPO and further addition of Rs. 82,92,871/- on account of unexplained expenses was proposed.

Against the draft order, assessee filed objections before the ld. DRP. The ld. DRP vide its order dated 30.11.2015 upheld the adjustments and additions proposed in draft assessment order. Accordingly, final assessment order u/s 144C(3) of the Act was passed on 2