DCIT-3(1)(1), MUMBAI, AAYAKAR BHAVAN vs. GANITA TECHNOLOGIES AND SERVICES PRIVATE LIMITED, NARIMAN POINT

ITA 2468/MUM/2026Status: DisposedITAT Mumbai08 July 2026AY 2010-113 pages

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IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI “G” BENCH, MUMBAI BEFORE SHRI OM PRAKASH KANT, ACCOUNTANT MEMBER & SHRI PAWAN SINGH, JUDICIAL MEMBER (Physical hearing) DCIT-3(1)(1), Mumbai Ganita Technologies and 607/6th Floor, Aayakar Bhavan, Vs Services Private Limited. Mumbai 400020. 72-A, Mittal Tower, 210 Free PAN: AABCG0166D Press Road, Nariman Point, Mumbai 400021. Appellant /Revenue Respondent /Assessee

Assessee by Shri. Satish Kumar, CA Revenue by Shri. RajgopalParthasarathi – Sr. DR Date of hearing 08.07.2026 Date of pronouncement 08.07.2026

Order under section 254(1) of Income Tax Act

PER PAWAN SINGH, JUDICIAL MEMBER:

1.

This appeal by the revenue is directed against the order of ld.

Commissioner of Income Tax (Appeals)[for short “Ld.CIT(A)”] dated

18.12.

2025, for the assessment year 2010-11. The revenue has raised following grounds of appeal.

“1.Whether on the facts, and in the circumstances of the case and in law, the Ld. CIT(A) erred in deleting the penalty levied u/s 271(1)(c) of the act without appreciating the fact that the addition u/s 68 of the Act were made after the directors statement was recorded u/s 132(4) of the act that they were providing accommodatio

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