IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI BENCH: ‘H’ NEW DELHI BEFORE SHRI M. BALAGANESH, ACCOUNTANT MEMBER AND SHRI ANUBHAV SHARMA, JUDICIAL MEMBER ITA No. 1160/Del/2024 Assessment Year: 2020-21 Bharti Airtel Limited, Vs. Principal CIT, Airtel Centre, Plot No.16, Delhi-1, Udyog Vihar Phase – IV, Delhi-1100 02 Gurgaon ( Haryana )

PIN: 1220 15 PAN :AAACB2894G (Appellant) (Respondent)

Assessee by : S/Shri Ajay Vohra, Sr. Advocate, Rohit Jain, Deepesh Jain, Advs. & Shri Shivam Gupta, CA Respondent by : Shri S.K. Jhadav, CIT DR Date of hearing : 23.01.2025 Date of pronouncement : 21.02.2025 ORDER PER ANUBHAV SHARMA, JM:

This appeal by the assessee is preferred against the order dated

19.01.2024 passed under section 263 of the Income Tax Act, 1961 [hereinafter referred as ‘the Act’] by the Principal Commissioner of Income Tax (Appeals)- 1, Delhi [hereinafter referred to as Revisional Authority or in short “PCIT”] pertaining to assessment year 2020-21 and arises out of the assessment order dated 10.10.2023, passed u/s 143(3) r.w.s 144C(13) of the Act, by assessing officer, Circle 4(2), New Delhi (here inafter referred in short as ‘AO”)

2. Heard and perused the records. The assessee is engag