IN THE INCOME TAX APPELLATE TRIBUNAL “E” BENCH MUMBAI BEFORE SHRI ANIKESH BANERJEE, JUDICIAL MEMBER &

SHRI MAKARAND VASANT MAHADEOKAR, ACCOUNTANT MEMBER ITA No. 7439/Mum/2025 (Assessment Year: 2023-24)

Edelweiss Crossover ITO Ward 22(1)(1), Opportunities Fund Dr. SS Rao Marg, Edelweiss House, Off CST Vs. Parel, Mumbai-

Road, Kalina, Santacruz 400 012 east, Mumbai-400 098 PAN/GIR No. AAATE8456C (Applicant) (Respondent) Assessee by Shri Madhur Agarwal, Ld. AR Revenue by Shri Ritesh Misra, Ld. DR Date of Hearing 29.01.2026 Date of Pronouncement 03.02.2026 आदेश / ORDER PER MAKARAND VASANT MAHADEOKAR, AM:

This appeal by the assessee is directed against the order passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi [hereinafter referred to as “CIT(A)”], dated 04.11.2025, arising out of the assessment order passed under section 143(3) read with section 144B of the Income-tax Act, 1961[hereinafter referred to as “the Act”], dated 18.03.2025, for the Assessment Year 2023–24.

Facts of the Case

2. The assessee is stated to be Edelweiss Crossover Opportunities Fund, described as a scheme of Edelweiss Alternative Investment Opportunities Trust. The assessee file