आयकर अपीलीय अिधकरण िद(cid:671)ी पीठ “डी”, िद(cid:671)ी

(cid:373)ी िवकास अव(cid:830)थी, (cid:586)ाियक सद(cid:735) एवं

मनीष अ(cid:356)वाल, लेखाकार सद(cid:735) के सम(cid:407)

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “D”, DELHI BEFORE SHRI VIKAS AWASTHY, JUDICIAL MEMBER &

SHRI MANISH AGARWAL, ACCOUNTANT MEMBER आअसं.1478/िद(cid:671)ी/2025(िन.व. 2022-23)

ITA No.1478/DEL/2025 (A.Y.2022-23)

Celestial Aviation Trading 15 Ltd., Aviation House, Shannon Co Clare, Ireland C/o DMD Advocates, 30, Nizamuddin East, New Delhi 110013 PAN: AAJCC-3534-D ...... अपीलाथ(cid:7278)/Appellant बनाम Vs.

Assistant Commissioner of Income Tax, International Taxation, Circle 1(2)(1), Civic Centre, Minto Road, New Delhi 110002 ..... (cid:7079)ितवादी/Respondent आअसं.1476/िद(cid:671)ी/2025(िन.व. 2022-23)

ITA No.1476/DEL/2025 (A.Y.2022-23)

Celestial Aviation Trading 32 Ltd., Aviation House, Shannon Co Clare, Ireland C/o DMD Advocates, 30, Nizamuddin East, New Delhi 110013 PAN: AAJCC-3531-G ...... अपीलाथ(cid:7278)/Appellant बनाम Vs.

Assistant Commissioner of Income Tax, International Taxation, Circle 1(2)(1), Civic Centre, Minto Road, New Delhi 110002 ..... (cid:7079)ितवादी/Respondent आअसं.1477/िद(cid:671)ी/2025(िन.व. 2022-23)

ITA No.1477/DEL/2025 (A.Y.2022-23)

Celestial Aviation Trading 38 Ltd., Aviation House, Shannon Co Clare, Ireland C/o DMD Advocates, 30, Nizamuddin East, New Delhi 110013 PAN: AAKCC-6845-L ...... अपीलाथ(cid:7278)/Appellant बनाम Vs.

Assistant Commissioner of Income Tax, International Taxation, Circle 1(2)(1), Civic Centre, Minto Road, New Delhi 110002 ..... (cid:7079)ितवादी/Respondent आअसं.1493/िद(cid:671)ी/2025(िन.व. 2022-23)

ITA No.1493/DEL/2025 (A.Y.2022-23)

Einn Volant Aircraft Leasing Ireland 1 Ltd., Aviation House, Shannon Co Clare, Ireland C/o DMD Advocates, 30, Nizamuddin East, New Delhi 110013 PAN: AAGCE-3759-B ...... अपीलाथ(cid:7278)/Appellant बनाम Vs.

Assistant Commissioner of Income Tax, International Taxation, Circle 1(2)(2), Civic Centre, Minto Road, New Delhi 110002 ..... (cid:7079)ितवादी/Respondent आअसं.1616/िद(cid:671)ी/2025(िन.व. 2022-23)

ITA No.1616/DEL/2025 (A.Y.2022-23)

Celestial Aviation Trading 100 Ltd., Aviation House, Shannon Co Clare, Ireland C/o DMD Advocates, 30, Nizamuddin East, New Delhi 110013 PAN: AAICC-6623-Q ...... अपीलाथ(cid:7278)/Appellant बनाम Vs.

Assistant Commissioner of Income Tax, International Taxation, Circle 1(2)(1), Civic Centre, Minto Road, New Delhi 110002 ..... (cid:7079)ितवादी/Respondent Assessee by : Shri Sachit Jolly, Sr. Advocate with Ms. Disha Jham, S/Shri Devansh Jain, Hardeep Singh Chawla, Sohum Dua & Soumya Singh, Advocates Department by : Ms. Prajna Paramita, CIT-DR सुनवाई क(cid:7409) ितिथ/ Date of hearing : 29/04/2025 घोषणा क(cid:7409) ितिथ/ Date of pronouncement : : 25/07/2025 आदशे /ORDER PER VIKAS AWASTHY, JM:

These five appeals by different assessee's for AY 2012-13 are taken up together for adjudication as identical issues are involved in all these appeals.

2. For the sake of convenience, the appeal in ITA No 1478/Del/2025 is taken up as lead case and facts are narrated from said appeal.

ITA No. 1478/Del/2025 for AY 2022-23

3. The facts of the case in brief as emanating from records are: The assessee company was incorporated in Ireland and is a Tax Resident of Ireland. The assessee is engaged in the business of leasing of aircrafts. During the period relevant to assessment year under appeal, the assessee had allegedly leased three aircrafts bearing Manufacturer Serial No. (MSN) 10689, 9382 & 9561 to M/s. Inter Globe Aviation Ltd. (Indigo) on an operating lease basis. The assessee filed its return of income for the impugned assessment year with residential status of ‘Non-Resident’ declaring NIL income. The case of the assessee was selected for scrutiny on the basis of CASS and notice u/s. 143(2) of the Income Tax Act, 1961(hereinafter referred to as the 'the Act') dated 31.05.2023 was issued and served upon the assessee.

3.1. During the Financial Year ended on 31.03.2022, the assessee had received l