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IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI BEFORE SHRI OM PRAKASH KANT, AM AND MS. KAVITHA RAJAGOPAL, JM ITA No. 3416/Mum/2025 (Assessment Year: 2020-21)

(Assessment Year: 2020-21)

(Assessment Year: 2020-21)

(Assessment Year: 2020-21)

(Assessment Year: 2020-21)

(Assessment Year: 2020-21)

(Assessment Year: 2020-21)

Assessee by : Shri Manish Trivedi Respondent by : Shri Vivek Perampurna (CIT-DR)

Date of Hearing : 07.11.2025 Date of Pronouncement : 30.01.2026

O R D E R

Per Kavitha Rajagopal, J M:

This appeal has been filed by the assessee, challenging the order of the learned Principal Commissioner of Income Tax, PCIT, Mumbai – 8 (‘ld. PCIT’ for short), passed u/s.263 of the Income Tax Act, 1961 (‘the Act'), pertaining to the Assessment Year (‘A.Y.’ for short) 2020-21.

2. It is observed that the assessee has filed the present appeal with a delay of 5 days beyond the period of limitation for which the assessee has filed an application along with affidavit for condoning the said delay. On perusal of the same, we deem it fit to condone the delay for the reason that the assessee had ‘sufficient cause’ for the said delay. Delay condoned.

3. The assessee has raised the following gro