IN THE INCOME TAX APPELLATE TRIBUNAL INDORE BENCH, INDORE BEFORE SH. BHAGIRATH MAL BIYANI, ACCOUNTANT MEMBER AND SH. UDAYAN DASGUPTA, JUDICIAL MEMBER I.T.A. No. 371/Ind/2024 Assessment Year: 2018-19 Infobeans Technologies Ltd., Vs. The Principal Commissioner of

1^st and 2^nd Floor, Crystal IT Park, Income Tax, Indore-1, Indore, Indore, (M. P.), 452001 M.P.

[PAN: AACCI5864K]

(Respondent)

(Appellant)

Appellant by : S/Sh.SN Agrawal & Ritesh Jain, ARs Respondent by : Sh. Ram Kumar Yadav,CIT-DR Date of Hearing : 30.01.2025 Date of Pronouncement : 29.04.2025

ORDER

Per Udayan Dasgupta, J.M.:

This appeal is filed by the assessee against the order of the ld. PCIT-1, Indore passed u/s 263 of the Income Tax Act,1961 (henceforth the Act) dated 27.03.2024 which has emanated from the order of the Assessing Officer, NEAC, Delhi passed u/s 143(3) dated15.04.2021.

2. The grounds of appeal taken by the assessee in Form 36 are as follows:

1. That on the facts and in the circumstances of the case and in law, the Ld Pr. CIT erred in setting-aside the order as passed by the assessing officer under section 143(3) r.w.s 143(3A) and 143(3B) of the Income-tax Act, 1961 by invoking the provisions of section 263 of the