IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH, MUMBAI BEFORE SHRI AMIT SHUKLA, JUDICIAL MEMBER AND SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER ITA No. 164/MUM/2025 Assessment Year: 2018-19 Sameer Ramesh Vashi vs The Principal Commissioner

702, Samrock Apartment, C.D. of Income Tax, Barfiwala Road, Andheri-West, Mumbai-17 Mumbai - 400058 [ PAN: AAAPV6356Q]

Appellant Respondent Present for:

Assessee : Dr. K. Shivaram, Sr. Advocate and Shri Rahul Hakani, Advocate Revenue : Shri Satyaprakash R. Singh, CIT DR Date of Hearing : 06.08.2025 Date of Pronouncement : 30.10.2025

O R D E R

PER GIRISH AGRAWAL, ACCOUNTANT MEMBER:

This appeal filed by the assessee is against the revisionary order of PCIT, Mumbai–17, vide order no. ITBA/COM/F/17/2024- 25/1070374871(1), dated 14.11.2024 passed u/s. 263 against the assessment order by National e-Assessment Centre, Delhi, u/s.143(3) r.w.s. 143(3A) and 143(3B) of the Income-tax Act, 1961 (hereinafter referred to as the “Act”), dated 14.03.2023 for AY 2018-19.

2. Grounds taken by the assessee are reproduced as under:

1. The PCIT, Mumbai-17 erred in passing order u/s 263 and holding that order passed u/s 143(3) dt 24-03-2021 is erroneous and prejudicial to the inte