IN THE INCOME TAX APPELLATE TRIBUNAL “G” BENCH, MUMBAI BEFORE SHRI SAKTIJIT DEY, VICE PRESIDENT AND SHRI ARUN KHODPIA, ACCOUNTANT MEMBER (Assessment Year: 2018-19)

Zebra Networks Private Limited Income Tax Officer Unit No.4, Peninsula Corporate Park, Assessment Unit, Peninsula Chamber, G. K. Marg, Vs. Income Tax Department, Mumbai-400 013 Mumbai – 400 020 PAN/GIR No. AABCI 6267 P (Appellant) : (Respondent)

Appellant by : Shri Ketan L Vajani Respondent by : Shri Swapnil Choudhary – Sr.AR Date of Hearing : 28.01.2026 Date of Pronouncement : 28.01.2026 O R D E R Per Saktijit Dey, Vice President:

This is an appeal by the assessee against order dated 19.09.2025, passed by National Faceless Appeal Centre (‘NFAC’ for short), Delhi for the assessment year (A.Y. for short) 2018-19, confirming the penalty imposed of Rs.76,45,696/- u/s. 271AAC(1) of the Income Tax Act, 1961 (‘the Act’ for short).

2. We have heard the parties and perused the materials on record. Briefly the facts are, the assessee is a resident corporate entity. For the assessment year under dispute, the assessee had filed its return of income on 30.10.2018, declaring loss of Rs.59,17,484/-. The return of income so filed by the as