IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 1430 OF 2018 Principal Commissioner of Income Tax-15, Mumbai Aayakar Bhavan, M.K. Road, Mumbai 400020 …Appellant Versus Galaxy Surfactants Ltd.

C-49/2, TTC Industrial Area, Pawne, Navi Mumbai 400 703 PAN : AAACG1539P AY 2009-10 …Respondent Mr. Akhileshwar Sharma, Advocate for the Appellant.

Mr. Nitesh Joshi, a/w Atul Jasani, Advocates for Respondent-

Assessee.

CORAM : G. S. KULKARNI &

SOMASEKHAR SUNDARESAN, JJ.

RESERVED ON : AUGUST 09, 2024 PRONOUNCED ON : SEPTEMBER 24, 2024 JUDGEMENT: (Per, Somasekhar Sundaresan J.)

1. The captioned Appeal is a challenge to an order dated April 3, 2017 (“Impugned Order”) passed by the Income Tax Appellate Tribunal, Mumbai, (“ITAT”) allowing an appeal filed by Galaxy Surfactants Ltd., Digitally signed by ASHWINI ASHWINI JANARDAN the Respondent-Assessee, setting aside the concurrent view of the JANARDAN VALLAKATI VALLAKATIDate:

2024.09.24 +0530 Assessing Officer (“AO”) and the Commissioner of Income Tax Appeal (“CIT-A”) in relation to the interpretation of Section 43A of the Income- tax Act, 1961 (“the Act”), and allowing a certain expense as revenue expendi