IN THE INCOME TAX APPELLATE TRIBUNAL “H(SMC)” BENCH, MUMBAI BEFORE SHRI OM PRAKASH KANT, ACCOUNTANT MEMBER AND SHRI SANDEEP SINGH KARHAIL, JUDICIAL MEMBER ITA No. 491/Mum./2026 (Assessment Year : 2013-14)

Veda Real Estate Corporation Pvt. Ltd.

4^th Floor, 139, Seksaria Chambers, Nagindas Master Road, Fort, Mumbai - 400001.

……………. Appellant (PAN: AADCB8408M)

v/s Deputy Commissioner of Income Tax, Central Circle – 8(1), 656, 6^th Floor, Aayakar Bhavan, Maharishi Karve Road, ……………. Respondent Mumbai – 400020 Assessee by : Shri Punit Shah Revenue by : Shri Pravin Salunkhe SR. DR Date of Hearing – 17/03/2026 Date of Order – 26/03/2026

O R D E R

PER SANDEEP SINGH KARHAIL, J.M.

The assessee has filed the present appeal against the impugned order dated 24.11.2025, passed under section 250 of the Income Tax Act, 1961 (“the Act”) by the learned Commissioner of Income Tax (Appeal) – 47, Mumbai [“learned CIT(A)”], for the assessment year 2013-14.

2. In its appeal, the assessee has raised the following grounds:

“Ground No.1 The CIT (A) - 47, Mumbai (hereinafter referred to as 'CIT (A)) erred in passing the order without considering the detailed written submissions filed by the Appellant on 25" October 20