IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘C’: NEW DELHI BEFORE SHRI S.RIFAUR RAHMAN, ACCOUNTANT MEMBER and SHRI ANUBHAV SHARMA, JUDICIAL MEMBER (Assessment Year: 2008-09)

ACIT, Circle 5 (1) vs. M/s. KCT Papers Limited, New Delhi. Thapar House, 124, Janpath, New Delhi – 110 001.

(PAN : AACCK4937D)

(APPELLANT) (RESPONDENT)

ASSESSEE BY : Shri Rohit Jain, Advocate Shri Deepesh Jain, Advocate Shri Tavish Verma, Advocate REVENUE BY : Shri Kailash Dan Ratnoo, CIT DR Date of Hearing : 10.09.2025 Date of Order : 05.12.2025

O R D E R

PER S.RIFAUR RAHMAN, ACCOUNTANT MEMBER :

1. This appeal is filed by the assessee against the order of ld. Commissioner of Income-tax (Appeals)-VIII, New Delhi [hereinafter referred to as ‘ld. CIT (A)] dated 21.03.2014for Assessment Year 2008-09.

2. Brief facts of the case are, the assessee company belongs to the Thapar Group established by Late Lala Karam Chand Thapar. There was a family settlement between the various constituents of the Karam Chand Thapar family as a result of which Revenue-organization/restructuring of the group companies had taken place by virtue of Memorandum of family settlement dated 27^th April, 2001. The re-organization of the Group Com