IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH “F”, NEW DELHI BEFORE SHRI MAHAVIR SINGH, VICE PRESIDENT AND SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER ITA No.8259/DEL/2019 (Assessment Year : 2016-17)

DCIT, Circle 13 (2), vs. M/s. JUS Scriptum Magnus Pvt. Ltd., New Delhi. B-13, Metro View Apartments, Sector 13, Dwarka, New Delhi – 110 075.

(PAN : AABCV8198A)

(APPELLANT) (RESPONDENT)

ASSESSEE BY: Shri Pramod Jain, CA REVENUE BY : Shri Harpreet Kaur Hansra, Sr. DR Date of Hearing : 07.07.2025 Date of Order : 26.09.2025

O R D E R

PER S. RIFAUR RAHMAN, AM :

1. The assessee has filed appeal against the order of the Learned Commissioner of Income-Tax (Appeals)-5, New Delhi [“Ld. CIT(A)”, for short] dated 30.07.2019 for the Assessment Year 2016-17.

2. Brief facts of the case are, assessee company was incorporated on

06.10.2003 and is engaged in the business of publishing. The return of income was filed for AY 2016-17 on 17.10.2016 declaring loss of Rs.1,36,05,019/-. The case was selected for limited scrutiny under CASS for the reason “Large share premium received during the year in order to verify applicability of section 56(2)(viib) of the Income-tax Act, 1961 (for short ‘the Act’). Accordingly,