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Case Law Details

Case Name : Pegasus Properties (P.) Ltd. Vs DCIT (ITAT Mumbai)
Related Assessment Year : 2015-16
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Pegasus Properties (P.) Ltd. Vs DCIT (ITAT Mumbai)

Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has dismissed an appeal filed by M/s Pegasus Properties (P.) Ltd. for the assessment year 2015-16. The appeal, directed against an order dated March 16, 2021, passed by the Commissioner of Income Tax (Appeals) (CIT(A))-48, Mumbai, was not decided on its merits but was instead deemed “infructuous” by the Tribunal due to a procedural issue.

The core of the dispute involved several additions made by the Assessing Officer (AO) to the total income of Pegasus Properti

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