IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH, ‘H’: NEW DELHI BEFORE SHRI ANUBHAV SHARMA, JUDICIAL MEMBER AND SHRI BRAJESH KUMAR SINGH, ACCOUNTANT MEMBER ITA No.2745/Del/2024 [Assessment Year: 2017-18]

Assistant Commissioner of M/s Oriental Insurance Co. Ltd., Income Tax, A-25/27, Oriental House, Asaf Ali Circle-10(1), Vs Road, New Delhi New Delhi-110002 PAN- AAACT0627R Revenue Assessee Assessee by Shri Tarandeep Singh, CA Revenue by Shri Amit Katoch, Sr. DR Date of Hearing 28.10.2024 Date of Pronouncement 24.01.2025

ORDER

PER BRAJESH KUMAR SINGH, AM, This appeal filed by the Revenue is directed against the order dated

26.03.2024 of the National Faceless Appeal Centre (NFAC)/Ld. Commissioner of Income Tax (Appeals), Delhi, arising out of order dated 30.09.2021 under section 143(3) r.w.s. 144B of the Income Tax Act, 1961 (hereinafter referred as ‘the Act’) relating to Assessment Year 2017-18.

2. The grounds of appeal raised by the Revenue are as under:-

1) "Whether on the facts and in the circumstances of the case and in law, the Ld. CIT(A) has erred, in deleting the addition of Rs. 1103,09,03,443/- on account of profit on sale of investment (normal provision)?

2) Whether on the facts