IN THE INCOME TAX APPELLATE TRIBUNAL DELHI (DELHI BENCH ‘D’ NEW DELHI)

BEFORE S. RIFAUR RAHMAN, ACCOUNTANT MEMBER AND SHRI YOGESH KUMAR U.S., JUDICIAL MEMBER ITA No. 5334/Del/2015 (A.Y. 2007-08) ITA No. 5335/Del/2015 (A.Y. 2008-09)

DCIT Vs Newbury Holding Ltd.

Central Circle-19, Room C/o Sandeep Chilana, Adv.

No. 362, ARA Centre, E-2, Chilana & Chilana Law Jhandewalan Extension, Offices, Advocate for the New Delhi respondent, C-56, LGF, Jangpura Extension, New Delhi-110014 PAN: AAECN8377N Appellant Respondent C.O No. 349/Del/2015 (in ITA No.5334/Del/2015) C.O No.350/Del/2016 (in ITA No. 5335/Del/2015)

Newbury Holding Ltd. Vs DCIT, Central Circle- C/o Sandeep Chilana, Adv. 19, Room No. 362, Chilana & Chilana Law Offices, ARA Centre, E-2, Advocate for the respondent, C-56, Jhandewalan LGF, Jangpura Extension, Extension, New Delhi New Delhi-110014 PAN: AAECN8377N Appellant Respondent Assessee by Sh. Amit Goel, CA,Sh. Pranav Yadav, Adv., Sh. Mohit Jain, CA, Sh. Sandeep Chilana, Adv.& Ms. Anjali Jain, Adv.

Revenue by Sh. M. S. Vijay B. Vastana, CIT, DR Date of Hearing 20/08/2025 Date of Pronouncement 19/09/2025 ORDER PER YOGESH KUMAR, U.S. JM:

The above two appeals and two Cross Objections are