Macwear Vs. DCIT
Case No: ITA No.6189/M/2025
Court: INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCH ‘C’, MUMBAI
Date: 1/21/2026
Parties Involved
AppellantMacwear
RespondentDCIT, Circle 22(1)
Facts Summary
This appeal has been preferred by the Assessee, Macwear, against the order dated 05.08.2025, passed by the Ld. Commissioner of Income Tax (Appeals) under Section 250 of the Income Tax Act, 1961 for the Assessment Year 2017-18. The Assessing Officer (AO) had made an addition of Rs.13,01,267/- being 1% of the average investments of Rs.13,01,26,690/-, mainly on the reason that the Assessee failed to provide calculation/submissions and did not disallow any expenditure attributable to the earning of …
Decision in favour of
Assessee
Legal Issues
- 1. Whether the Assessee provided the necessary calculation and submissions under Section 14A of the Act.
- 2. Whether the addition made by the AO was justified.
Precedents Relied Upon
2 precedents cited in this judgement.