IN THE INCOME TAX APPELLATE TRIBUNAL “F” BENCH MUMBAI BEFORE SHRI SANDEEP SINGH KARHAIL, JUDICIAL MEMBER &

SHRI MAKARAND VASANT MAHADEOKAR, ACCOUNTANT MEMBER (Assessment Year: 2010-11)

M/s. U. S. Reality Pvt. DCIT-10(3), Ltd. 452, Aaykar Bhavan, M. K. Road, Mumbai-

115-116, J.K. Chambers, Vs.

400 020 Sector No. 17, Vashi, Navi Mumbai-400 705 PAN/GIR No. AAACU8241J (Applicant) (Respondent) Assessee by Shri Madhur Agarwal, Ld. AR Revenue by Shri Vivek Perampurna, Ld. DR Date of Hearing 23.12.2025 Date of Pronouncement 29.12.2025 आदेश / ORDER PER MAKARAND VASANT MAHADEOKAR, AM:

This appeal is filed by the assessee against the order passed by the Commissioner of Income Tax (Appeals)-24, Mumbai [hereinafter referred to as “CIT(A)”], dated 21.12.2017, for Assessment Year 2010–11, arising out of the assessment order passed by the Assessing Officer under section 143(3) of the Income Tax Act, 1961[hereinafter referred to as “the Act”], dated

28.03.2013.

2. The brief facts of the case are that the assessee is a company engaged in the business of land acquisition, investment and contracting. For the assessment year under consideration, the assessee filed its original return of income on 25.06.2010,