IN THE INCOME TAX APPELLATE TRIBUNAL “K(SMC)” BENCH, MUMBAI BEFORE SHRI SANDEEP SINGH KARHAIL, JUDICIAL MEMBER SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER ITA No.2412/MUM/2024 (Assessment Year : 2013–14)

SAMEER SUBHASH HOSMANI, Flat no. 1, Shreenath Dham, W.S. Road, Opp. Jana Seva Bank, Dahisar East, Mumbai - 400068 ……………. Appellant Maharashtra PAN: ADIPH3121L v/s ITO, Ward 35(3)(1), Mumbai Kautilya Bhavan, Bandra Kurla Complex, Mumbai - 400051 ……………. Respondent Maharashtra Assessee by : Ms. Rakhi Dholakiya, CA Revenue by : Shri Kiran Unavekar, Sr. DR Date of Hearing – 13/02/2025 Date of Order – 14/02/2025

O R D E R

PER SANDEEP SINGH KARHAIL, J.M.

The present appeal has been filed by the assessee challenging the impugned order dated 05/03/2024, passed under section 250 of the Income Tax Act, 1961 (“the Act”) by the learned Additional/Joint Commissioner of Income Tax (Appeals)-1, Gurugram [“learned Addl./Joint CIT(A)”], for the Assessment Year 2013-14.

2. In this appeal, the assessee has raised the following grounds: -

“1. The learned CIT(A) has erred in law and on facts in upholding the assessment order passed by the Assessing Officer.

2. The learned CIT(A) has erred in confirming the additio