IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH, MUMBAI BEFORE SHRI SAKTIJIT DEY, VP &

MS PADMAVATHY S, AM I.T.A. No. 2849/Mum/2024 (Assessment Year: 2014-15)

Savita Homemakers LLP ACIT, Central Circle-2(2), 1003, 10^th Floor, Raheja Centre Mumbai.

Premises, Free Press Journal Marg, Vs.

Nariman Point, Maharashtra-400021.

PAN: ABYFS2195M Appellant) : Respondent Appellant /Assessee by : Shri Piyush Chhajed & Shri Ayush Chhajed, AR Revenue / Respondent by : Shri Rakesh Ranjan- CIT-DR Date of Hearing : 23.04.2025 Date of Pronouncement : 06.05.2025 O R D E R Per Padmavathy S, AM:

This appeal by the assessee is against the order of the Principle Commissioner of Income Tax, Central, Mumbai-1 [In short 'PCIT'] passed under section 263 of the Income Tax Act, 1961 (the Act) dated 21.03.2024 for AY 2014-15. The assessee raised the following grounds of appeal:

“1. The Learned Principal Commissioner of Income Tax erred in issuing notice

Uls 263 of the Act without bringing out the charge as to how was the order

erroneous, so far as it is prejudicial to the interest of revenue, without bringing

out under which clause of Explanation 2 to section 263 the said notice was issued.

2. The order passed U/s 263 purs