IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCHES “G”, MUMBAI Before Justice (Retd.) C V Bhadang, Hon’ble President &

Ms. Padmavathy S, Hon’ble Accountant Member ITA No. 4649/Mum/2018 (Assessment Year : 2012-13)

Supertex Industries Ltd., DCIT Circle 4(3)(2), 45-49 Babu Genu Road, Mumbai.

Vs.

Princess Street, Kalbadevi, Mumbai 400 002. PAN AAACS7274D (Appellant) (Respondent)

Appellant By : Shri Dharan Gandhi Respondent By : Shri Swapnil Choudhary-Sr AR Date of Hearing : 20.08.2025 Date of Pronouncement: 22.10.2025 O R D E R Per Justice (Retd.) C V Bhadang, President:

By this appeal the assessee is challenging the order dated 07.05.2018 passed by the CIT(A)-9, Mumbai, [CIT(A) for short] by which the assessment order passed by the Assessing Officer (AO) u/s. 143(3) r.w.s. 147 of the Act has been confirmed. By order dated 09.03.2015, the Assessing Officer has computed the book profits of the assessee u/s. 115JB at Rs. 10,46,418/- and has levied tax accordingly. The appeal pertains to A.Y. 2012-13.

2. The brief facts are that the assessee is in the business of manufacture, processing, trading, export and import of polyester and synthetic yarns and trading in fabrics. The assessee was declare