IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH, MUMBAI SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER ITA No. 3527/MUM/2025 (Assessment Year: 2020-2021)

Pavan Vitthal Gaikwad C-704, Nightingle CHS., Opp Try Ice Cream, Behind Saraswat Bank, Mumbai - 400067 [PAN: ANNPG7561J] …………. Appellant Principal Commissioner of Income Tax Vs Room No. 418, Piramal Chamber, Lalbaug, Parel, Mumbai - 400012 …………. Respondent Appearance For the Appellant/Department : None For the Respondent/Assessee : Shri. R. A. Dhyani, CIT DR Date Conclusion of hearing : 25.08.2025 Pronouncement of order : 28.08.2025

O R D E R

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Per Rahul Chaudhary, Judicial Member:

1. The present appeal preferred by the Assessee is directed against the Order, dated 24/03/2025, passed by the Principal Commissioner of Income Tax, Mumbai-20 [hereinafter referred to as ‘the PCIT’] whereby the Assessment Order, dated 09/01/2021, passed under Section 143(3) of the Income Tax Act, 1961 for the Assessment Year 2020-2021 subjected to revision under Section 263 of the Act.

2. The assessee has raised following grounds of appeal :

“1. In law and facts and circumstances of the case, The Principal Commissioner of Inco