PRAGATI AROMA OIL DISTILLERS PVT.LTD. vs THE DEPUTY COMMISSIONER OF INCOME TAX-14(2)

2026:BHC-OS:10531-DB Bhogale 3.itxa-502-2015.odt IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.502 OF 2015 Pragati Aroma Oil Distillers Private Ltd. (formerly known as M/s. Hindustan Essential Oil Company) A company incorporated under The Companies Act, 1956 Having its office at R. No.6, 2nd Floor, Anand, Bhanva, 17, Babu Genu Road, Mumbai-400021 … Appellant Versus The Deputy Commissioner of Income Tax-14(2) Having his office at Room No.302, 3rd Floor, Earnest House, Nariman Point, Mumbai-400 021 .… Respondent **** Adv. Naresh Jain a/w Adv. Mansvi Singh, Adv. Priyanshi Jain and Adv. Bhavesh Bhatia, for the appellant. Adv. Sushma Nagaraj (through VC) a/w Adv. Abhinav Palshikar, for the respondent. **** CORAM : M. S. KARNIK & S. M. MODAK, JJ. DATE : 23rd APRIL, 2026 JUDGMENT (PER M. S. KARNIK, J.) : 1. This is an appeal filed under Section 260A of the Income Tax Act, 1961 (“the IT Act”, for short), preferred by the appellant- 1 Bhogale 3.itxa-502-2015.odt assessee challenging the order dated 25th November 2014 passed by the Income Tax Appellate Tribunal (“ITAT”, for short), in ITA No.873/Mum/2013 for the Assessment Year (“AY”, for