IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘A’, NEW DELHI BEFORE SHRI MAHAVIR SINGH, HON’BLE VICE-PRESIDENT &

MRS. RENU JAUHRI, HON’BLE ACCOUNTANT MEMBER ITA No. 2355/DEL/2025; Assessment Year: 2021-22

Allen Petrochemicals Pvt. Ltd Plot No. 835, Acchronda Ind. Estate Partapur Meerut- 250103 Uttar Pradesh	Vs DCIT Central Circle
(APPELLANT)		(RESPONDENT)
PAN No. AACCA4573H

Assessee by : Shri Sanjeev Grover, Shri Viral Jain, CA Revenue by : Shri Jitender Singh, CIT DR Date of Hearing: 07.01.2026 Date of Pronouncement: 29.01.2026 ORDER PER RENU JAUHRI :

The above captioned appeal is preferred before the Tribunal by the assessee against the order dated 27.03.2025, passed by Principal Commissioner Income Tax (for short, PCIT) KNP at Meerut u/s 263(1) of the Income Tax Act, 1961 (hereinafter referred to as, “Act”).

2. The assessee has raised several grounds of appeal which are reproduced as below:

“ 1. That on the facts and circumstances of the case and in law, the order passed by the Ld. Pr. Commissioner of Income-tax (CIT) Central Circle, under section 263 of the Income-tax Act, 1961 ('the Act') setting aside the assessment framed under section 143(3) by Ld. AO as er

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