IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER ITA No.4669/MUM/2025 (Assessment Year:2011-2012)

Mukesh Vaikunthlal Mehta

1^st Floor, Tulsi Niwas, Dadabhai Road, Vile Parle Estate, Mumbai – 400056. Maharashtra.

[PAN:AFAPM5229C] …………. Appellant Vs Income Tax Officer Ward 34(2)(1), Mumbai Kautilya Bhavan, Mumbai - 400051 Maharashtra. …………. Respondent Appearance For the Appellant/Assessee : Ms. Sailee Gujrathi For the Respondent/Department : Shri Annavaran Kosuri Date Conclusion of hearing : 15.10.2025 Pronouncement of order : 01.01.2026

O R D E R

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Per Rahul Chaudhary, Judicial Member:

1. The present appeal preferred by the Assessee is directed against the order, dated 31/05/2025, passed by the National Faceless Appeal Centre (NFAC), Delhi [hereinafter referred to as ‘the CIT(A)’ whereby the Ld. CIT(A) had dismissed the appeal against the Assessment Order, dated 30/12/2016, passed under Section 143(3) read with Section 147 of the Income Tax Act, 1961 for the Assessment Year 2011-2012.

2. The Assessee has raised following grounds of appeal :

“1. On the facts and the circumstances of the case, and in law, th