IN THE INCOME TAX APPELLATE TRIBUNAL DELHI “B” BENCH: NEW DELHI BEFORE SHRI ANUBHAV SHARMA, JUDICIAL MEMBER &

SHRI MANISH AGARWAL, ACCOUNTANT MEMBER [Assessment Year : 2015-16]

ITO vs M/s Ecosphere Agrofarms Ward-8(1) Pvt. Ltd., 921A, 9th Floor, New Delhi Devika Tower, Nehru Place, New Delhi-110019. PAN-AACCE9290R APPELLANT RESPONDENT Revenue by Ms. Indu Bala Saini, Sr.DR Assessee by Shri V.K.Aggarwal, AR Date of Hearing 21.01.2026 Date of Pronouncement 10.04.2026

ORDER

PER MANISH AGARWAL, AM :

The present appeal is filed by Revenue against the order dated

26.03.2019 by Ld. Commissioner of Income Tax (A)-3, New Delhi [“Ld. CIT(A)”] in Appeal No.3/10187/2017-18 passed u/s 250 of the Income Tax Act, 1961 [“the Act”] arising out of assessment order dated 18.12.2017 passed u/s 143(3) of the Act pertaining to Assessment Year 2015-16.

2. Brief facts of the case are that assessee has filed return of income on 26.09.2015, declaring NIL income. The case was selected for limited scrutiny for the reason large share premium receipt.

Notice u/s 142(1) of the Act alongwith questionnaires were issued from time to time. The assessee has issued shares at a premium of INR 990/- per share having face value