IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘A’: NEW DELHI BEFORE SHRI YOGESH KUMAR U.S., JUDICIAL MEMBER AND SHRI MANISH AGARWAL, ACCOUNTANT MEMBER ITA No.2526/Del/2024 (ASSESSMENT YEAR 2016-17)

Amarendra Financial Private Pr. CIT, Limited, (Central) KNP at Meerut.

14/5, Basement, Old Rajinder Vs.

Nagar, Shaheed Hemu Kalani Marg, New Delhi-110060.

PAN-AAHCA0512D (Appellant) (Respondent)

Assessee by Smt. Rano Jain, Adv., Ms. Mansi Jain, CA and Shri Pranshu Singhal, CA Department by Sh. Jitender Singh, CIT- DR Date of Hearing 08/07/2025 Date of Pronouncement 26/09/2025

O R D E R

PER MANISH AGARWAL, AM:

This appeal is filed by the assessee against the order of Ld. Principal Commissioner of Income Tax (Central), KNP at Meerut [PCIT, in short] passed u/s

263 of the Income Tax Act, 1961 dated 31.03.2024 for Assessment Year 2016-17.

2. Brief facts of the case are that return of income was e-filed by the assessee on 16.10.2016, declaring total income at Rs.28,69,100/-. A search and seizure action was carried on 11.10.2018 at the premises of the group company cases wherein it was found that certain information/documents were belonged to assessee and therefore, proceedings u/s 153C of the Act w