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IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH, MUMBAI BEFORE SHRI OM PRAKASH KANT, AM AND MS. KAVITHA RAJAGOPAL, JM (Assessment Year: 2020-21)

M/s. Nahar Builders Limited, Office of PCIT, B-1, Mahalaxmi Chambers, Aayakar Bhawan, Vs.

Bhulabhai Desai Road, Mahalaxmi, Mumbai – 400 020 Mumbai- 400026 PAN: AADCN8065A (Appellant) : (Respondent Assessee by : Shri Vimal Punmiya, AR Respondent by : Shri Amol Kirtane, CIT-DR Date of Hearing : 12.02.2026 Date of Pronouncement : 27.04.2026

O R D E R

Per Kavitha Rajagopal, JM:

This appeal has been filed by the assessee, challenging the order of the Learned Principal Commissioner of Income Tax [‘Ld. PCIT’ for short] passed u/s. 263 of the Income Tax Act, 1961 (‘the Act'), pertaining to the Assessment Year (‘A.Y.’ for short)

2020-21.

2. It is observed that the present appeal is time barred by 14 days for which the assessee has filed an application for condoning the delay along with an affidavit. On perusal of the same, we deem it fit to hold that the assessee had “sufficient cause” for the said delay.

Delay is hereby condoned.

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

“1. On the facts and circumstances of the appellant case and