IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI BEFORE SHRI OM PRAKASH KANT, AM AND MS. KAVITHA RAJAGOPAL, JM ITA No. 1665/Mum/2025 (Assessment Year: 2023-24)

(Assessment Year: 2023-24)

(Assessment Year: 2023-24)

(Assessment Year: 2023-24)

(Assessment Year: 2023-24)

(Assessment Year: 2023-24)

(Assessment Year: 2023-24)

Assessee by : Shri Manish Agarwal(virtually appeared)

Respondent by : Shri Annavaram Kosuri, Sr. DR Date of Hearing : 17.10.2025 Date of Pronouncement : 12.01.2026 O R D E R Per Kavitha Rajagopal, J M:

This appeal has been filed by the assessee, challenging the order of the learned Commissioner of Income Tax (Appeals) ADDL/JCIT (A)-2 Chandigarh (‘ld. CIT(A)’ for short), passed u/s.250 of the Income Tax Act, 1961 (‘the Act'), pertaining to the Assessment Year (‘A.Y.’ for short) 2023-24.

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

“1. On the facts and in the circumstances of the case and in law, the CIT(A) erred in dismissing the appeal filed by the Appellant and thereby upholding the levy of tax and surcharge at 25% and 12%, respectively, instead of 22% and 10%, respectively, as prescribed under Section 115BAA of the Act.

1.1 On the facts and in the circums