IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI ‘F’ BENCH, NEW DELHI BEFORE SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER, AND SHRI NAVEEN CHANDRA, ACCOUNTANT MEMBER ITA No. 4074/DEL/2024 [A.Y 2014-15]

The A.C.I.T Vs. Veolia India Pvt Ltd Circle - 25(1) B-1, Marble Arch New Delhi Prithviraj Road, New Delhi PAN: AABCV 7389 R (Appellant) Respondent)

Assessee By : None Department By : Ms. Nimisha Singh, CIT- DR Date of Hearing : 08.05.2025 Date of Pronouncement : 08.05.2025

ORDER

PER NAVEEN CHANDRA, AM :-

This appeal by the Revenue is directed against the order of the ld.

NFAC, New Delhi dated 25.06.2024 for A.Y 2014-15.

2. The grounds raised by the Revenue read as under:

1. "Whether the Ld. CIT(A) has erred in law and on the facts case, in deleting the addition of Rs. 12,00,46,611/- on account of contract revenue under Accounting Standard [AS]-7 [Construction contracts] in respect of various contracts undertaken by the assessee.

2. The appellant craves to be allowed to add any fresh ground(s) of appeal and/or delete or amend any of the ground(s) of appeal.”

3. None appeared on behalf of the assessee. We decided to proceed ex-parte. The ld. DR was heard at length. Case records carefully perused.

4. At