ITAT Mumbai Sets Aside Assessment as Adequate Hearing Opportunity Was Not Granted

Mahindra and Mahindra Financial Services Ltd Vs DCIT (ITAT Mumbai) The appeal was filed against the order of the Commissioner of Income-tax (Appeals), National Faceless Appeal Centre, dated 16 July 2025 for Assessment Year 2019-20. The assessee, a registered NBFC engaged in financial services, challenged the assessment order and the appellate order on grounds including lack of adequate opportunity of hearing, violation of principles of natural justice, disallowance of sales promotion expenses, disallowance under Section 14A, disallowance of club expenses, and denial of deduction under Section ...