CRESCENT AMITY REALTORS PRIVATE LIMITED,MUMBAI vs. INCOME TAX OFFICER WARD 9(2)3, MUMBAI

ITA 8332/MUM/2025Status: DisposedITAT Mumbai31 July 2026AY 2017-188 pages

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Income Tax Appellate Tribunal, “C” BENCH MUMBAI

Before: SHRI NARENDER KUMAR CHOUDHRY & SHRI ARUN KHODPIA

For Appellant: Shri Satya Prakash Singh, Ld. CA
For Respondent: Shri Ajay Soneji, Ld. Sr. DR
Hearing: 29.06.2026Pronounced: 06.08.2026

PER NARENDER KUMAR CHOUDHRY, JM: This appeal has been preferred by the Assessee against the order dated 06.10.2025 impugned herein passed by the National Faceless Appeal Centre (NFAC), Delhi/Ld. Commissioner of Income Tax (Appeals) [in short “Ld. Commissioner] u/s 250 of the Income Tax Act, 1961 [in short “the Act”] for the A.Y 2017-18. 2. The Assessee a private limited company during the AY under consideration was engaged in the business of builders and developers and thus filed its return of income on 30.10.2017 declaring a total loss of Rs.1,30,005/-. The case was selected for scrutiny and the assessment was completed u/s 143(3

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