IN THE INCOME-TAX APPELLATE TRIBUNAL “A” BENCH, MUMBAI BEFORE SHRI SANDEEP GOSAIN, JUDICIAL MEMBER &

SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER ITA 2646/MUM/2024 (A.Y. 20 18-19)

Apurva Natvar Parikh & v/s. The Principal Commissioner Co. Pvt. Limited,411B, बनाम of Income Tax(Central), Hemu Kalani Marg, Near Mumbai - 6, Room No. 501, Bhakti Bhavan, Chembur, 5^th Floor, Aayakar Bhavan, Mumbai-400071, Maharashtra M.K. Road, Mumbai -

400020, Maharashtra स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AAACN2937Q Appellant/अपीलार्थी .. Respondent/प्रतिवादी

Appellant by : Shri Madhur Agarwal, AR Respondent by : Dr. K.R. Subhash, (CIT-DR)

Date of Hearing 08.04.2025 Date of Pronouncement 01.05.2025 आदेश / O R D E R PER PRABHASH SHANKAR [A.M.] :-

The present appeal filed by the assessee emanates from the Revision order u/s 263 of the Income-tax Act, 1961 [hereinafter referred to as “Act”] dated 12.03.2024 passed by the Principal Commissioner of Income-tax, (Central),Mumbai - 6 [hereinafter referred to ‘PCIT’] pertaining to assessment order passed u/s. 143(3)of the Income-tax Act, 1961 [hereinafter referred to as “Act”] dated 07.04.2021 for the Assessment Year [A.Y.] 2018-19.

2. The grounds of the appeal are as