IN THE INCOME TAX APPELLATE TRIBUNAL, ‘SMC’ BENCH, MUMBAI BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER AND SHRI OMKARESHWAR CHIDARA,ACCOUNTANT MEMBER आयकरअपीलसं./ITA No. 6970/Mum/2024 (AY 2017-18)

(Physical court hearing)

Bellevista Co-op. HSG Society Ltd., ITO Ward 28(1)(1), th Plot No. 46, 47, 48, Sector 15, बनाम Income Tax Office, 4 floor, CBD Belapur, Tower No. 6, Vashi Railway Vs Navi Mumbai-400614. Station Complex, [PAN : AAABB 0518 Q] Navi Mumbai-400703.

अपीलाथ५/Appellant ঋ(cid:529)थ५ /Respondent िनधा१ौरतीकीओरसे /Assessee by Ms. Vidya Jaya Kumar राज(cid:738)कीओरसे /Revenue by Sh. Anil Gupta SR DR सुनवाईकीतारीख Date of hearing 27.02.2025 /

उद्घोषणाकीतारीख/Date of pronouncement 27.02.2025 Order under section 254(1) of Income Tax Act PER PAWAN SINGH JUDICIAL MEMBER;

1. This appeal by assessee is directed against the order of National Faceless Appeal Centre, Delhi [for short to as “NFAC/Ld.CIT(A)”] dated 22.10.2024for assessment year (AY) 2017-18. Though, the assessee has raised multiple grounds of appeal, however in our considered view the substantial grounds of appeal relate to disallowance under section 80P(2)(d) of Income Tax Act (Act).

2. Rival submissions of both the parties have be