IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH ‘E’, NEW DELHI BEFORE SHRI SUDHIR KUMAR, JUDICIAL MEMBER AND SHRI MANISH AGARWAL, ACCOUNTANT MEMBER ITA No. 1017/DEL/2025 (Assessment Year : 2015-16)

JCIT (OSD), JHANDEWALAN, vs. NARENDRA AGGARWAL, DELHI H.NO. 467, SECTOR-21-A, FARDIDABAD, HARYANA (PAN: AAGPA1441D)

(APPELLANT) (RESPONDENT)

ASSESSEE BY : Dr.Rakesh Gupta, Adv., Sh. Somil Agarwal, Adv., Saksham Agarwal, CA & Deepesh Garg, Adv.

REVENUE BY : Ms. Amisha S. Gupt, CIT DR Date of Hearing : 04.11.2025 Date of Order : 19.12.2025

O R D E R

PER SUDHIR KUMAR, JM :

This appeal is preferred by the Revenue against the order of ld.

Commissioner of Income-tax (Appeals)-26, New Delhi (hereinafter referred to ‘Ld.

CIT (A)’) dated 28.11.2024 for AY 2015-16.

2. Heard and perused the grounds. The brief facts giving rise in this appeal are that the assessee is an individual and filed his return of income u/s. 139(1) of the Act for AY 2015-16 on 20.8.2015 at total income of Rs. 6,20,97,150/-. Pursuant to a Warrant Authorization issued by the Director of Income Tax (Inv.), Delhi a search operation u/s. 132 of the Act was carried out in Sh. Puneet Kulthia by the Investigation Wing, Delhi on 08.03.2017