(cid:1)

IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI VIKRAM SINGH YADAV, AM AND MS. KAVITHA RAJAGOPAL, JM (Assessment Year: 2017-18)

Mr. Rajesh Saluja, Office of the Deputy A-4201, Lodha Bellissimo, Commissioner of Income Tax, Near Apollo Mills Compound, Circle 6(1)(2), Vs.

N.M. Joshi Marg, Aayakar Bhavan, Mahalaxmi, Maharishi Karve Road, Mumbai- 400011 Mumbai – 400 020 PAN: ANEPS5070P (Appellant) : (Respondent Assessee by : Shri Malik Girish Anand , AR Respondent by : Shri Annavaram Kosuri, Sr. AR Date of Hearing : 12.02.2026 Date of Pronouncement : 23.02.2026

O R D E R

Per Kavitha Rajagopal, JM:

This appeal has been filed by the assessee, challenging the order of the Learned Commissioner of Income Tax (Appeals) [‘Ld. CIT(A)’ for short], National Faceless Appeal Centre (“NFAC” for short) passed u/s. 250 of the Income Tax Act, 1961 (‘the Act'), pertaining to the Assessment Year (‘A.Y.’ for short) 2017-18. The assessee has challenged the order of the Ld. CIT(A) in upholding the disallowance of exemption u/s 54F of the Act made by the Learned Assessing Officer (“Ld. AO” for short).

2. Brief facts of the case are that the assessee is an individual and an employee in M