IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “A” MUMBAI BEFORE SHRI OM PRAKASH KANT (ACCOUNTANT MEMBER)

AND SHRI ANIKESH BANERJEE (JUDICIAL MEMBER)

ITA No. 190/MUM/2026 Assessment Year: 2018-19 Anil Kantilal Shah Vs. Asst. Commissioner of Income C/805, Suparshwa Urbana Tax, Central Circle 3(1), Mumbai. Chsl, Old Nagardas Road, Near Room No:- 1924, 19^th Floor, Air Jain Nursing Home, Andheri India Building, Nariman Point, East, Mumbai 400069. Mumbai.

PAN NO. AWTPS7928Q Assessee Respondent Assessee by : Shri. Anil Thakrar (Virtually appear)

Revenue by : Shri. Surendra Mohan (SR. DR.)

Date of Hearing : 06/04/2026 Date of pronouncement : 08/04/2026

ORDER

PER OM PRAKASH KANT, AM This appeal by the assessee is directed against order dated

01.12.2025 passed by the learned Commissioner of Income-Tax (Appeals) – 51, Mumbai [in short ‘the ld. CIT(A)’], for assessment year 2018-19, in relation to penalty amounting to Rs. 3,29,780/- levied by the Assessing Officer (AO) u/s. 271AAC(1) of the Income Tax Act, 1961 (in short “the Act”). The grounds raised by the assessee are reproduced as under:

“1. The Ld. CIT(A) is erred in confirming the penalty U/s 271AAC1 of the Act, as quantum order passed by th