IN THE INCOME TAX APPELLATE TRIBUNAL ‘B’ BENCH : BANGALORE BEFORE SHRI PRASHANT MAHARISHI, VICE – PRESIDENT AND SHRI SOUNDARARAJAN K., JUDICIAL MEMBER Assessment Year : 2016-17 M/s. S.B. Manghnani Charitable Trust, The Income Tax No. 202, VRR Midtown, Officer, No. 18, 18^th Main, Exemptions Off 80 Ft Road, Ward – 3, New Tippasandra, Vs. Bangalore.

Bangalore – 560 038.

PAN: AADTS9138G APPELLANT RESPONDENT Assessee by : Ms. Ema Bindu, Advocate Revenue by : Shri Subramanian .S, JCIT-DR Date of Hearing : 03-12-2025 Date of Pronouncement : 02-03-2026

ORDER

PER SOUNDARARAJAN K., JUDICIAL MEMBER This is an appeal filed by the assessee challenging the order of the NFAC, Delhi dated 12/06/2024 in respect of the A.Y. 2016-17 and raised the following grounds:

“1. The order passed by the learned Commissioner of Income Tax (Appeal), NFAC under section 250 of the Act in so far as it is against the Appellant is opposed to law, weight of evidence, probabilities, facts and circumstances of the Appellant's case.

2. The appellant denies itself to be assessed at an income of Rs. 1,24,32,110/- as against the returned income of Rs.

NIL/-, on the facts and circumstances of the case.

3. Grounds on disallowance of