Bajaj Auto Ltd. vs. The Principal Commissioner of Income-tax-3
Case No: ITA No. 2666/MUM/2025
Court: Income Tax Appellate Tribunal, Mumbai Bench ‘B’
Date: 1/23/2026
Parties Involved
appellantBajaj Auto Ltd.
respondentThe Principal Commissioner of Income-tax-3
Facts Summary
Bajaj Auto Ltd., an Indian company engaged in the business of development, manufacture, and distribution of automobiles, filed its return of income for the assessment year 2019-2020 declaring a total income of ₹5312,50,59,250/-. The return was selected for scrutiny, and the Assessing Officer made a reference to the Transfer Pricing Officer for determination of the Arm’s Length Price. The final assessment order was passed on 27.05.2022 under section 143(3) read with section 144C(3) of the Income-…
Decision in favour of
Partly Assessee / Partly Revenue
Legal Issues
- 1. Disallowance of Year-end Provisions – Validity of Revision under Section 263
- 2. Deduction of Education Cess – Scope of Revisional Direction
1 more legal issue analysed in this judgement.
Precedents Relied Upon
18 precedents cited in this judgement.