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

BEFORE SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER and SHRI RAJ KUMAR CHAUHAN, JUDICIAL MEMBER ITA No. 3570/ DEL/2025 (Assessment Year : 2020-21)

Studds Accessories Limited Vs. PCIT Plot No. 918, Sector 68, IMT Faridabad Faridabad 121004 (PAN: AACCS4217Q)

ASSESSEE BY : Sh. Vishal Kalkra, Adv &

Ms. Reema Grewal, CA & Ms. Snigdha Gautam, Adv REVENUE BY : Sh. Avikal Manu, CIT DR Date of Hearing : 09.12.2025 Date of Order : 12.02.2026

O R D E R

PER S. RIFAUR RAHMAN, ACCOUNTANT MEMBER :

1. This appeal is filed by the assessee against the order of Principal Commissioner of Income Tax, (PCIT), Faridabad (hereinafter referred to ‘ld.

PCIT’) dated 31.03.2025 for AY 2020-21.

2. Brief facts of the case are, the assessment in the case of the assessee was completed u/s 143(3) r.w.s. 144B of the Income Tax Act, 1961 (in short ‘Act’) vide order dated 06.09.2022, and assessed the total income at Rs.93,87,13,869/- after making addition of Rs.85,87,129/- on account of disallowance of expenditure on cess.

3. On perusal of the assessment records, Ld. PCIT, Faridabad noticed that that in Form 3CA/3CD assessee has paid fees of Rs. 5,45,71,846/- for