IN THE INCOME TAX APPELLATE TRIBUNAL, ‘F’ BENCH MUMBAI BEFORE: SHRI AMARJIT SINGH, ACCOUNTANT MEMBER &

SHRI SUNIL KUMAR SINGH, JUDICIAL MEMBER ITA No. 4070/MUM/2024 (Assessment Year : 2014–15 Unimax Chemicals V. Income Tax Officer, Private Limited Ward 4(3)(1), RSC 14/18, Room No. 648, Plot No. 32, 6^th Floor, Ground floor, Aayakar Bhavan, Near Sulochana Maharshi Karve Road, Hospital, New Marine Lines, Sector 2 Charkop, Churchgate, Kandivali(West), Mumbai-400020.

Mumbai-400067.

PAN/GIR No. AAACU0789M (Appellant) .. (Respondent Assessee by Shri. Rashmikant Modi/ Ms.

Ketkaki Rajshirke Revenue by Shri. Nishant Somaiya, Sr. DR Date of Hearing 09/12/2024 Date of Pronouncement 15/01/2025 आदेश / O R D E R PER SUNIL KUMAR SINGH (J.M):

1.

Tax Act, 1961 [hereinafter referred to as "Act"] for the Assessment year [A.Y.] 2014-15, wherein learned CIT(A) has dismissed assessee's first appeal.

2. The facts giving rise to this appeal may be summarised as that the appellant assessee is a private limited company and is engaged in the business of manufacturing and exporting pharmaceutical products. The appellant e-filled it's return of income for A.Y. 2014-15 on 29.09.2014, declaring total income of Rs. 2,53,