IN THE INCOME-TAX APPELLATE TRIBUNAL, SURAT BENCH, SURAT BEFORE MS. SUCHITRA RAGHUNATH KAMBLE, JUDICIAL MEMBER &

SHRI BIJAYANANDA PRUSETH, ACCOUNTANT MEMBER आयकर अपील स.ं /ITA No.812/SRT/2025 Assessment Year: 2017-18 (Hybrid hearing)

Nanalal Jewellers, Vs. PCIT, Mota Bazar, Dist- Navsari, Valsad Gujarat - 396445 èथायीलेखासं./जीआइआरसं./PAN/GIR No: AACFN0542L (अपीलाथ(cid:334)/Appellant) ((cid:366)(cid:529)थ(cid:334) /Respondent)

Appellant by Shri Darshit J Naik, CA Respondent by Shri Ajay Uke, Sr. DR Date of Hearing 20/11/2025 Date of Pronouncement 31/12/2025 आदेश / O R D E R PER BIJAYANANDA PRUSETH, AM:

This appeal by the assessee emanates from the order passed under section 263 of the Income-tax Act, 1961 (in short, ‘the Act’), dated 30.07.2025, by the learned Principal Commissioner of Income-tax, Valsad [in short ld. PCIT’]

for the assessment year (AY) 2017-18.

2. The grounds of appeal raised by the assessee are as under:

“1. The order passed u/s 263 is barred by limitation and deserves to be quashed. 2. The learned Pr.CIT erred in passing an order u/s 263 when the jurisdictional conditions were not satisfied.

3. The learned Pr.CIT erred in assuming jurisdiction u/s 263 even though a deta