IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI BENCH: ‘E’ NEW DELHI BEFORE SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER AND SHRI AMITABH SHUKLA, ACCOUNTANT MEMBER Assessment Year: 2015-16 ACIT, Vs. M/s. Hindustan Thermal Circle-10(1), Projects Ltd., New Delhi 616A (16A, Sixth Floor), Devika Tower, Nehru Place, South Delhi PAN: AAFCM6703L (Appellant) (Respondent)

Assessee by Sh. A.T. Panda, Adv.

Department by Ms. Amish S. Gupt., CIT(DR)

Date of hearing 21.01.2026 Date of pronouncement 21.01.2026

ORDER

PER SATBEER SINGH GODARA, JM This Revenue’s appeal for assessment year 2015-16, arises against the Commissioner of Income Tax (Appeals)/National Faceless Appeal Centre [in short, the “CIT(A)/NFAC”], Delhi’s DIN and order no. ITBA/NFAC/S/250/2025-26/1078041135(1), dated 30.06.2025 involving proceedings under section 143(3) of the Income-tax Act, 1961 (hereinafter referred to as ‘the Act’).

Heard both the parties. Case file perused.

2. Coming to the Revenue’s sole substantive grievance raised in the instant appeal that the CIT(A) has erred in law and on fact in reversing the assessment findings invoking section 36(1)(iii) interest disallowance of Rs.35 lakhs thereby alleging diversion of interest-b