THE PR. COMMISSIONER OF CENTRAL TAX - 1 -, ,ARJUN GUPTA vs BNY MELLON INTERNATIONAL OPERATIONS (INDIA) PVT.LTD. Advocate - cyril amarchand mangaldas — ITXA/54/2020

Case under Income Tax Act, 1961 Section 260A. Next hearing: : -.

Next hearing —

CNR: HCBM020271462019

Filing Number

ITXA/2411/2019

Filing Date

07-Nov-2019

Registration No

ITXA/54/2020

Registration Date

04-Jan-2020

Judge

Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice Firdosh Phiroze Pooniwalla

Coram

Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice Firdosh Phiroze Pooniwalla

Bench Type

Division

Category

DIRECT TAXES ( 10 )

Judicial Branch

Original

Last updated 07-May-2026

Acts & Sections

Income Tax Act, 1961 Section 260A

Petitioner(s)

  1. 1.THE PR. COMMISSIONER OF CENTRAL TAX - 1 -, ,ARJUN GUPTA

Respondent(s)

  1. 1.BNY MELLON INTERNATIONAL OPERATIONS (INDIA) PVT.LTD. Advocate - cyril amarchand mangaldas

Case History

  1. —

    Next hearingPending

  2. 22-Apr-2026

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice Firdosh Phiroze PooniwallaView PDF

    Summary: The High Court of Bombay admitted Income Tax Appeal No. 54 of 2020 filed by the Principal Commissioner of Income Tax against the Income Tax Appellate Tribunal's May 7, 2019 order, which had partly allowed the assessee's appeal by excluding "Excel Infoways Ltd" as a comparable on grounds of fluctuating margins for Assessment Year 2013-14. The court found arguable questions of law were raised regarding whether the ITAT's rejection was perverse and whether a comparable can be rejected solely based on fluctuating margins without evidence of abnormal business conditions. The appeal was admitted for hearing on these two substantial questions of law, with the Registry directed to call for records and proceedings. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 22-Apr-2026

    For Admission

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice Firdosh Phiroze Pooniwalla

  4. 15-Apr-2026

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice Firdosh Phiroze PooniwallaView PDF

  5. 15-Apr-2026

    For Admission

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice Firdosh Phiroze Pooniwalla

  6. 08-Apr-2026

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice Firdosh Phiroze PooniwallaView PDF

  7. 08-Apr-2026

    For Admission

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice Firdosh Phiroze Pooniwalla

  8. 01-Apr-2026

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice Firdosh Phiroze PooniwallaView PDF

  9. 01-Apr-2026

    For Admission

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice Firdosh Phiroze Pooniwalla

  10. 25-Mar-2026

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice Firdosh Phiroze PooniwallaView PDF

  11. 25-Mar-2026

    For Admission

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice Firdosh Phiroze Pooniwalla

  12. 18-Mar-2026

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice Firdosh Phiroze PooniwallaView PDF

  13. 18-Mar-2026

    For Admission

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice Firdosh Phiroze Pooniwalla

  14. 11-Mar-2026

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice Firdosh Phiroze PooniwallaView PDF

  15. 11-Mar-2026

    For Admission

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice Firdosh Phiroze Pooniwalla

  16. 04-Mar-2026

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice Firdosh Phiroze PooniwallaView PDF

  17. 04-Mar-2026

    For Admission

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice Firdosh Phiroze Pooniwalla

  18. 18-Feb-2026

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice Firdosh Phiroze PooniwallaView PDF

  19. 18-Feb-2026

    For Admission

    Hon'ble Shri Justice B.P. Colabawalla , Hon'ble Shri Justice Firdosh Phiroze Pooniwalla

  20. 04-Feb-2026

    Hon'ble Shri Justice B.P. Colabawalla,hon'ble Shri Justice Firdosh Phiroze PooniwallaView PDF

  21. 25-Nov-2020

    First hearing

    Initial hearing scheduled

  22. 07-Nov-2019

    Case filed

    Registration No. ITXA/54/2020

casestatus.in Summary

Summary: The High Court of Bombay admitted Income Tax Appeal No. 54 of 2020 filed by the Principal Commissioner of Income Tax against the Income Tax Appellate Tribunal's May 7, 2019 order, which had partly allowed the assessee's appeal by excluding "Excel Infoways Ltd" as a comparable on grounds of fluctuating margins for Assessment Year 2013-14. The court found arguable questions of law were raised regarding whether the ITAT's rejection was perverse and whether a comparable can be rejected solely based on fluctuating margins without evidence of abnormal business conditions. The appeal was admitted for hearing on these two substantial questions of law, with the Registry directed to call for records and proceedings. This case analysis is maintained by casestatus.in based on publicly available court records.

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