IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH, ‘E’: NEW DELHI BEFORE SHRI MAHAVIR SINGH, VICE PRESIDENT AND SHRI AMITABH SHUKLA, ACCOUNTNAT MEMBER ITA No.3500/DEL/2025 [Assessment Year: 2018-19]

Kshitiz Impex Pvt. Ltd. PCIT, Delhi-4, Plot No.8 & 9, 2^nd Floor, Local ARA Centre, Shopping Centre, Vs Delhi-110005 Furniture Block Kirti Nagar, New Delhi-110015 PAN-AABCK5719J Appellant Respondent Appellant/Assessee by Shri Pranav Yadav, Adv.

Respondent/Revenue by Ms. Suman Malik, CIT-DR Date of Hearing 05.02.2026 Date of Pronouncement 05.02.2026

ORDER

PER AMITABH SHUKLA, AM, This appeal by the assessee is directed against the order of Principal Commissioner of Income Tax, Delhi-4 [hereinafter referred to as ‘ld. PCIT] dated 10.03.2025 arising out of assessment order dated 15.03.2023 passed under section 147 of the Income Tax Act, 1961, for the Assessment Year 2018-19.

The word ‘Act’ herein this order would mean Income Tax Act, 1961.

2. The assessee has raised following grounds of appeal:-

1. On the facts and circumstances of case and in law, the Id.

PCIT - 4, New Delhi erred in initiating proceedings under section 263 of Income Tax Act, 1961 (Act) by wrongly assuming jurisdiction under sectio