IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI ‘E’ BENCH, NEW DELHI BEFORE MS. MADHUMITA ROY, JUDICIAL MEMBER, AND SHRI NAVEEN CHANDRA, ACCOUNTANT MEMBER ITA No. 2711/DEL/2024 [A.Y. 2018-19]

Erstwhile United Bank of India Vs. The Dy. C.I.T Now Punjab National Bank Circle -19(1)

New Delhi Delhi PAN – AAACU 5624 P (Applicant) (Respondent)

Assessee By : Shri Vivek Gupta, CA Department By : Shri Rishipal Bedi, CIT- DR Date of Hearing : 05.03.2025 Date of Pronouncement : 26.03.2025

ORDER

PER NAVEEN CHANDRA, A.M:-

This appeal by the assessee is preferred against the order of the NFAC, Delhi dated 29.03.2024 for A.Y 2018-19.

2. The assessee has raised the following grounds of appeal:

“1. That on the facts and circumstances of the case and provisions of the law, the order passed u/s 143(3) dated 26.08.2021 by the Ld. Assessing Officer (AO) and confirmed by the Ld. CIT(A)/National Faceless Appeal Centre, being passed in the name of non existent assessee, is void ab initio and therefore, the same needs to be quashed.

2. That without prejudice to ground no. 1 above, on the facts and circumstances of the case and provisions of the law, the learned CIT(A) erred in confirming addition of Rs. 37,08,18,000/-