IN THE INCOME TAX APPELLATE TRIBUNAL DELHI “B” BENCH: NEW DELHI BEFORE SHRI MAHAVIR SINGH, VICE PRESIDENT &

SHRI MANISH AGARWAL, ACCOUNTANT MEMBER [Assessment Year : 2017-18]

Hotspot Sales & Solutions vs Pr.CIT, Pvt. Ltd., C/o- 19A-19B, Noida S Global Knowledge Park, Sector-125, Noida-201301 PAN-AADCH8839A APPELLANT RESPONDENT Appellant by Shri Parikshit Aggarwal, CA Respondent by Shri Surender Pal, CIT DR Date of Hearing 18.03.2025 Date of 29.04.2025 Pronouncement ORDER PER MANISH AGARWAL, AM :

The present appeal has been filed by the assessee seeking to assail the order u/s 263 of the Income Tax Act, 1961 [“the Act”] dated 27.03.2022 of Ld. Pr. Commissioner of Income Tax, Noida [“Ld. Pr. CIT”] arising from the assessment order dated 20.12.2019 passed u/s 143(3) of the Act pertaining to Assessment Year 2017-18.

2. Brief facts of the case are that the assessee is a Private Limited Company and return for year under appeal was filed on 07.11.2017 declaring loss of INR 34,95,88,004/-. The case was selected for complete scrutiny under CASS and the order was passed under section 143(3) of the Act by making addition under section 68 of the Act at INR 1,49,35,290/- on account of cash deposits