IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘B’: NEW DELHI BEFORE SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER and SHRIS.RIFAUR RAHMAN, ACCOUNTANT MEMBER (Assessment Year: 2017-18)

DCIT, Circle 7 (1), vs. FMI Automotive Components Private Limited, Delhi. Plot No.1, Subplot 4, 5, 8 and 9 MSIL, Supplier Park, Phase 3A, IMT Manesar, Gurgaon – 1222 050 (Haryana).

(PAN :AABCF1682P)

(APPELLANT) (RESPONDENT)

ASSESSEE BY :Shri S.K. Agarwal, CA REVENUE BY :Shri Rajesh Kumar Dhanesta, Sr. DR Date of Hearing : 24.06.2025 Date of Order : 22.09.2025

O R D E R

PER S. RIFAUR RAHMAN, ACCOUNTANT MEMBER :

1. The Revenue has filed appeal against the order of the Learned Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre (NFAC), Delhi [“Ld. CIT(A)”, for short] dated 30.05.2024 for the Assessment Year 2017-18 raising following grounds of appeal :-

“1. Whether on the facts and circumstances of the case and in law, the Ld NFAC has erred in allowing the appeal of the assessee by deleting the addition made by the AO amounting to Rs.5,90,59,019/- on account of disallowance of foreign exchange loss on account of plant and machinery.

2. Whether on the facts and circumstances of the case and in la