In this paper, we investigate a Bianchi type I exact Universe by taking into account the cosmological constant as the source of energy at the present epoch. We have performed a [Formula: see text] test to obtain the best fit values of the model parameters of the Universe in the derived model. We have used two types of data sets, viz., (i) 31 values of the Hubble parameter and (ii) the 1048 Pantheon data set of various supernovae distance moduli and apparent magnitudes. From both the data sets, we have estimated the current values of the Hubble constant, density parameters [Formula: see text] and [Formula: see text]. The dynamics of the deceleration parameter shows that the Universe was in a decelerating phase for redshift [Formula: see text]. At a transition redshift [Formula: see text], the present Universe entered an accelerating phase of expansion. The current age of the Universe is obtained as [Formula: see text] Gyrs. This is in good agreement with the value of [Formula: see text] calculated from the Plank collaboration results and WMAP observations.