IN THE INCOME TAX APPELLATE TRIBUNAL NAGPUR BENCH :: NAGPUR BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER &

SHRI KHETTRA MOHAN ROY, ACCOUNTANT MEMBER (Assessment Year : 2013-14)

Udaykumar Vyas, ITO, Ward – 1(5)

Flat No. 402, Lepresting vs Nagpur Apartment, Plot No. 105-

106, Ramdaspeth, Nagpur.

PAN : AARPV 4578 K Assessee Respondent Assessee by : Shri Sameer Wazalwar, CA Revenue by : Shri Pankaj Kumar, CIT DR Date of hearing : 24.02.2026 Date of pronouncement : 21.04.2026

O R D E R

PER KHETTRA MOHAN ROY, AM:

This appeal by the assessee is directed against the order of Ld. Commissioner of Income Tax (Appeals)/NFAC, Delhi, dated 11/03/2025 passed under section 250 of the Income Tax Act, 1961 (for short, “Act”) which is arising out of assessment order passed u/s. 143(3) r.w.s 147 of the Act, dated 26.12.2019 by the ITO, Ward-1(5), Nagpur for the Assessment Year 2013-14.

2. The assessee has raised the following grounds of appeal:

1. On the facts and circumstances of the case and in law, the Ld. CIT(A) and AO failed to appreciate the fact that the appellant is regularly engaged in the business of purchasing and selling land for profit, to which the provisions of section 50C is not applicable.

2. With