IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI BEFORE SHRI SANDEEP SINGH KARHAIL, JUDICIAL MEMBER SHRI BIJAYANANDA PRUSETH, ACCOUNTANT MEMBER ITA No. 1070/Mum./2026 (Assessment Year : 2020-21)

Madhur Bajaj Charitable Trust, Bajaj Bhawan, 2^nd Floor, Jamnalal Bajaj Marg, 226, Nariman Point, Mumbai - 400021 ……………. Appellant PAN : AAATM2527N v/s Income Tax Officer, Ward – 25(2)(1)

Kautilya Bhavan,, Mumbai – 400051 ……………. Respondent Assessee by : Ms. Vasanti Patel Shri M.A. Gohel Revenue by : Shri Vikas Chandra, Sr.DR Date of Hearing – 20/04/2026 Date of Order – 11/05/2026

O R D E R

PER SANDEEP SINGH KARHAIL, J.M.

The assessee has filed the present appeal against the impugned order dated 31.12.2025, passed under section 250 of the Income Tax Act, 1961 (“the Act”) by the learned Additional / Joint Commissioner of Income Tax (Appeals) – 4, Hyderabad [“learned Addl./Joint CIT(A)”], which in turn arose from the intimation issued under section 143(1) of the Act, for the assessment year 2020-21.

2. In this appeal, the assessee has raised the following grounds: -

“I. INTEREST UNDER SECTION 234A, 234B AND 234C OF THE ACT:

1.1 On the facts and in circumstances of the case and in law, the learne