IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH, MUMBAI BEFORE SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI SANDEEP SINGH KARHAIL, JUDICIAL MEMBER ITA No.6528/MUM/2024 (Assessment Year : 2012-13 Bhadresh Labhshankar Joshi, 9-2/11, Challenger-4, Tahkur Village, Kandivali (East), Mumbai, Maharashtra – 400101 ............... Appellant PAN : AABPJ5304P v/s DCIT, Central Circle-4(1), Room No.1916, 19^th Floor, Air India Building, ……………… Respondent Nariman Point, Mumbai - 400021 Assessee by : Shri Vijay Mehta Revenue by : Shri Leyaqat Ali, Sr.DR Date of Hearing – 08/04/2025 Date of Order - 09/05/2025

O R D E R

PER SANDEEP SINGH KARHAIL, J.M.

The assessee has filed the present appeal against the impugned order dated 06/11/2024, passed under section 250 of the Income Tax Act, 1961 (“the Act”) by the learned Commissioner of Income Tax (Appeals)-52, Mumbai, [“learned CIT(A)”], for the assessment year 2012-13.

2. In this appeal, the assessee has raised the following grounds: –

“1. On the facts and circumstances of the case and in law, the learned Commissioner of Income Tax, Appeal - 52, Mumbai erred in confirming the addition of Rs. 1,09,74,896/-u/s 50C of the IT Act, 1961. The application of pr