IN THE INCOME TAX APPELLATE TRIBUNAL "D” BENCH, MUMBAI SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER (Assessment Year: 2015-2016)

Rakesh Mulchand Kothari A-28, Kamgar Nagar, S.G.Barve Marg, Kurla (East) Mumbai – 400024. Maharashtra.

[PAN: AADPK9088M] …………. Appellant Vs Income Tax Officer Ward 26(2)(5), Mumbai Kautilya Bhavan, Bandra Kurla Complex, Mumbai – 400051. Maharashtra. …………. Respondent Appearance For the Appellant/Assessee : Shri Prakash Jhunjhunwala For the Respondent/Department : Smt. Mamta Nair Date Conclusion of hearing : 06.02.2025 Pronouncement of order : 28.02.2025

O R D E R

Per Rahul Chaudhary, Judicial Member:

1. The present appeal preferred by the Assessee is directed against the order, dated 10/12/2024, passed by the Commissioner of Income Tax (Appeals) – 51, Mumbai [hereinafter referred to as ‘the CIT(A)’] under Section 250 of the Income Tax Act, 1961[hereinafter referred to as ‘the Act’] whereby the Ld. CIT(A) had dismissed the appeal against the Assessment Order, dated 29/12/2017, passed under Section 143(3) read with Section 147 of the Act, for the Assessment Year 2015-2016.

2. The Assessee has raised following grounds of appeal : “1