IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH, MUMBAI BEFORE SHRI NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER AND SHRI JAGADISH, ACCOUNTANT MEMBER ITA No. 8315/Mum/2025 Assessment Year: 2020-21 Ashok Lalchand Jain Vs. ITO Ward 12(1)(1)

Shop No.3 Jawan Nagar, SV Room No.129, Aaykar Bhavan, Road, Borivali(West), Mumbai- MK Marg, Mumbai-400020

400092 PAN: BFVPS2543 (Appellant) (Respondent)

Assessee by Shri Vimal Punmiya Department by Shri Surendra Mohan, SR. DR Date of Hearing 17.02.2026 Date of Pronouncement 20.02.2026 ORDER Per: SHRI JAGADISH, A.M.:

1. This appeal filed by the assessee is directed against the order of the Ld. Commissioner of Income Tax (Appeals), Mumbai dated 10.10.2025 for Assessment Year 2020–21 arising out of the assessment framed under section 143(3) r.w.s. 144B of the Income-tax Act, 1961 (in short “the Act”). The assessee filed this appeal on following grounds:-

“1. On the facts and circumstances of case and in law, the Ld. CIT has erred in confirming the Assessment Order passed by the Ld. AO under section 143(3) r.w.s.144B of Income Tax Act which is passed against the principal of natural justice.

2. On the facts and in the circumstances of the case and in law, the L