IN THE INCOME TAX APPELLATE TRIBUNAL DELHI “B” BENCH: NEW DELHI BEFORE SHRI ANUBHAV SHARMA, JUDICIAL MEMBER &

SHRI MANISH AGARWAL, ACCOUNTANT MEMBER [Assessment Year : 2018-19]

DCIT vs Bright Buildtech Pvt.Ltd.

Central Circle-1 Flat No.14, Ground Floor A.R.T.O Complex DDA MIG, Suraj Sector-33, Noida Apartment, Pul Pehlad Pur New Delhi-110044 PAN-AACCB7981J APPELLANT RESPONDENT Revenue by Shri Rajesh Chandra, CIT DR Assessee by Shri Rohit Kapoor, Adv. &

Shri Veersain Aggarwal, CA Date of Hearing 14.08.2025 Date of Pronouncement 31.10.2025 ORDER PER MANISH AGARWAL, AM :

The captioned appeal is filed by Revenue against the order dated 20.11.2024 passed by Ld. Commissioner of Income Tax (A)-3, Noida [“Ld.CIT(A)”] in Appeal No.CIT (Appeal), NFAC/2017- 18/10088227 u/s 250 of the Income Tax Act, 1961 [“the Act”] arising out of assessment order dated 01.06.2021 passed u/s 143(3) r.w.s 144B of the Act pertaining to assessment year 2018-19.

2. Brief facts of the case are that the assessee company is engaged in the business of a real estate developer primarily covering residential projects, identification and acquisition of land, to the planning, execution and marketing of the projects. It had fil