IN THE INCOME-TAX APPELLATE TRIBUNAL “E” BENCH, MUMBAI BEFORE SHRI NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER &

SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER ITA No. 123/MUM/2025 (A.Y. 2008-09)

M/s. Exquisite Jewellery v/s. Income Tax Officer –

G-7, Gem and Jewellery बनाम

16(3)(3), Piramal Chambers, Complex II, Seepz, Andheri, Lalbaug, Mumbai-400012, Mumbai-400 096, Maharashtra Maharashtra स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AABFE2622D Appellant/अपीलार्थी .. Respondent/प्रतिवादी

Appellant by : Shri Rahul Sarda, AR Respondent by : Shri Manish Ajudiya (Sr. DR)

Date of Hearing 05.03.2025 Date of Pronouncement 19.03.2025 आदेश / O R D E R PER PRABHASH SHANKAR [A.M.] :-

The present appeal arising from the appellate order dated

21.11.2024 is filed by the assessee against the order passed by the Learned Commissioner of Income-tax (Appeal)/CIT(A)-56, Mumbai [hereinafter referred to as “CIT(A)”] pertaining to order u/s. 154 of the Income-tax Act, 1961 [hereinafter referred to as “Act”] dated 12.11.2014 as passed by the Income Tax Officer - 16(3)(3), Mumbai for the Assessment Year [A.Y.] 2008-09.

2. The grounds of appeal are as under:-

1. The Ld. AO and Ld. CIT(A) - 56 erred in law and in facts in charging