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

SMT. RENU JAUHRI, HON’BLE ACCOUNTANT MEMBER ITA No. 6419/DEL/2025; Assessment Year: 2014-15 Mahaveera Rice World (known Vs DCIT as Mahavira Rice World LLP) Circle 46(1)

5581, Lahori Gate Delhi- 110006 Delhi (APPELLANT) (RESPONDENT)

PAN No. AAUFM7235K Assessee Represented by : Shri S.K Gupta, CA Revenue/Department Represented by : Shri Ajay Kumar Arora, Sr. DR Date of Hearing: 28.01.2026 Date of Pronouncement: 13.02.2026 ORDER PER RENU JAUHRI :

The above captioned appeal is preferred by the assessee against the order dated 24.07.2025, passed by Ld. CIT(A)/NFAC, Delhi u/s 250 of the Income Tax Act, 1961 [hereinafter referred to as, “Act”] for A.Y. 2014-15. Assessment was framed by AO u/s 147 r.w.s 144 r.w.s 144B of the Act., vide order dated

25.05.2023.

2. The assessee has raised following grounds of appeal: “(i) On the facts and circumstances of the case, the authorities below has erred both on facts and in law in upholding the initiation of the reassessment proceedings and consequent impugned order as the same has been initiated by issue of notice u/s 148 and completed u/s