IN THE INCOME TAX APPELLATE TRIBUNAL DELHI “E” BENCH: NEW DELHI BEFORE SHRI PRADIP KUMAR KEDIA, ACCOUNTANT MEMBER &

SHRI SUDHIR PAREEK, JUDICIAL MEMBER ITA No.1190/Del/2024 [Assessment Year : 2018-19]

M3M India (P) Ltd. vs ACIT

41st Floor, Tower 1 Central Circle-2 M3M International Financial Faridabad Center, Sector-66 Golf Course Extension Road, Gurgaon-122101.

PAN-AACCT7082Q APPELLANT RESPONDENT ITA No.2033/Del/2024 [Assessment Year : 2018-19]

DCIT vs M3M India (P) Ltd.

Central Circle-2 6th Floor, Paras Twin Towers Faridabad Tower-B, Golf Link Road Gurgaon, Haryana-122002 PAN-AACCT7082Q APPELLANT RESPONDENT Appellant by Shri Gautam Jain, Adv.

Shri Lalit Mohan, CA Shri Ankit Kumar, Adv. &

Shri Malay Chaturvedi, AR Respondent by Ms. Baljeet Kaur, CIT DR Date of Hearing 28.02.2025 Date of Pronouncement 26.03.2025 ORDER PER PRADIP KUMAR KEDIA-AM :

Both assessee and revenue have filed cross-appeals arising out from the first appellate order dated 16.02.2024 passed under s. 250 of the Income Tax Act, 1961 [“the Act”] by CIT-3, Gurugram arising from the assessment order dated 30.09.2021 passed by the DCIT, Central Circle-2, Faridabad under s. 143(3) of the Act pertaining to assessment year 2018-