IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘F’: NEW DELHI BEFORE SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER AND SHRI SUDHIR KUMAR, JUDICIAL MEMBER ITA No.5136 /Del./1998, A.Y. 1992-93 ACIT Vs Shri Prem Prakash Circle 25(1), . B-I/43, Ashok Vihar New Delhi Phase-II, New Delhi PAN: AADCC7557J (Appellant) (Respondent)

Assessee by Shri Ajay Vohra, Sr. Advocate Shri Rohit Jain, Advocate Ms. Deepashree Rao, Advocate Shri Tavish Verma, Adv.

Revenue by Ms. Monika Singh, CIT-DR Date of Hearing 06/01/2026 Date of Pronouncement 06/03/2026 ORDER PER S. PRIFAUR RAHMAN, AM The Revenue has filed appeal against the order of the Learned Commissioner of Income Tax (Appeals)-I, New Delhi [“Ld. CIT(A)”, for short] dated 23.07.1998 for the Assessment Year 1992-93.

2. The brief facts of the case are that the respondent-assessee is an individual who was, during the relevant assessment year 1992-93, a salaried employee of M/s Madan Mohan Lal Shri Ram Private Limited ("MMLSR"), a DCM Group company, where he held the position of Director. His declared income for AY 1992-93 was Rs. 1,13,000 from salary alone. The assessee's source of income was entirely salaried employment; he was not engaged in any self-em