IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI “C” BENCH, MUMBAI BEFORE SHRI NARENDER KUMAR CHOUDHRY, JM AND SHRI PRABHASH SHANKAR, AM आयकर अपील सं./ITA No.5255/MUM/2024 (िनधा(cid:5)रण वष(cid:5) / Assessment Year :2022-23)

DCIT 2, 3, 1 Vs. Oceanic Trade Minerals Aayakar Bhavan, M. K. Road, Pvt. Ltd.

Churchgate, Mumbai, 1207, Remi Comercio, Off Maharashtra-400020 Veer Desai Road, Shah Industrial Estate, Andheri Railway Station S.O, Maharashtra-400058 (cid:11)थायी लेखा सं./PAN No. : AACCO9091J (अपीलाथ(cid:16) /Appellant) .. ((cid:17)(cid:18)थ(cid:16) / Respondent)

िनधा(cid:22)(cid:23)रती की ओर से /Assessee by : Ms. Neha Paranjpe (Proxy Counsel)

राज(cid:26) की ओर से /Revenue by : Shri Mahesh Pamnani (Sr. DR)

सुनवाई की तारीख / Date of Hearing : 10/02/2025 घोषणा की तारीख/Date of Pronouncement : 28/02/2025 आदेश / O R D E R PER NARENDER KUMAR CHOUDHRY:

This appeal has been preferred by the assessee against the order dated 30.07.2024, impugned herein, passed by the National Faceless Appeal Center (NFAC)/ Ld. Commissioner of Income Tax (Appeals) (in short Ld. Commissioner) under section 250 of the Income Tax Act, 1961 (in short ‘the Act’) for the A.Y. 2022-2023.

2. At the outset, it is observed that