IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH MUMBAI BEFORE SHRI AMIT SHUKLA, JUDICIAL MEMBER &

SHRI MAKARAND VASANT MAHADEOKAR, ACCOUNTANT MEMBER ITA No. 7219/Mum/2025 (Assessment Year: 2016-17)

(Assessment Year: 2016-17)

(Assessment Year: 2016-17)

(Assessment Year: 2016-17)

(Assessment Year: 2016-17)

(Assessment Year: 2016-17)

(Assessment Year: 2016-17)

Assessee by Shri Rakesh Joshi, Ld. AR Revenue by Shri Surendra Mohan, Ld. DR Date of Hearing 14.01.2026 Date of Pronouncement 19.01.2026 आदेश / ORDER PER MAKARAND VASANT MAHADEOKAR, AM:

This appeal is filed by the assessee against the order passed by the Commissioner of Income-tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [hereinafter referred to as “CIT(A)”], dated 19.09.2025, passed under section 250 of the Income-tax Act, 1961[hereinafter referred to as “the Act”], for the assessment year 2016–17arising out of assessment framed by way of an order dated 28.12.2018 passed by the Assistant Commissioner of Income Tax, Circle 22(1), Mumbai [hereinafter referred to as “Assessing Officer”] under section 143(3) of the Act.

2. The brief facts of the case are that the assessee is an individual. He filed his return of income for th