IN THE INCOME TAX APPELLATE TRIBUNAL “G” BENCH, MUMBAI BEFORE SHRI SAKTIJIT DEY, VICE PRESIDENT AND SHRI JAGADISH, ACCOUNTANT MEMBER (Assessment Year: 2022-23)

Suken Suresh Mehta, Income Tax Officer, A-28, Sterling Apartments, 19(3)(1), 38, Peddar Road, Mumbai Cumballa Hills, Vs.

Mumbai- 400026 (Appellant) : (Respondent)

PAN NO. ALGPM 7763H Appellant by : Shri Vijay Mehta, CA And Shri Tarang Mehta, Advocate Respondent by : Shri Anil Kanti Datta, CIT-DR (Appellant) (Respondent)

Date of Hearing : 18.12.2025 Date of Pronouncement : 14.01.2026 O R D E R Per Saktijit Dey, Vice President:

This is an appeal by the assessee against an order dated 09.10.2025 of National Faceless Appeal Centre (NFAC), Delhi pertaining to Assessment Year 2022-23.

2. The assessee has raised four grounds in the Memorandum of Appeal. However, at the outset, learned counsel appearing for the assessee, on instructions, did not press Ground Nos. 1 and 2. Accordingly, these two grounds are dismissed as not pressed.

3. In Ground No.3, assessee has challenged the disallowance of Rs.39,80,263/-

claimed towards indexed cost of acquisition of land.

4. Briefly the facts are, the assessee acquired 18,443 sq.ft. of land in Coimbato