IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “C”, MUMBAI BEFORE SHRI ANIKESH BANERJEE, JUDICIAL MEMBER AND SHRI MAKARAND VASANT MAHADEOKAR, ACCOUNTANT MEMBER (Assessment year: 2011-12)

Pankaj Jayantilal Patel vs DCIT Circle-32(1), Mumbai

6^th& 7^th Floor, Divya Darshan Room No.702, Kautilya Bhavan, G Vallabhnagar CHS, JVPD Block, Bandra Kurla Complex, Scheme, N S Road No.5, Vile Bandra (E), Mumbai-400051 Parle (W), Mumbai-400056 PAN:AABPP2157L APPELLANT RESPONDENT Assessee by : Shri Kumar Kale Revenue by : Shri R.A. Dhyani CIT DR & Shri V.S. Mahajan (Sr.DR)

Date of hearing : 04/05/2026 Date of pronouncement : 06/05/2026 O R D E R Per:Anikesh Banerjee (JM):

The instant appeal of the assessee filed against the order of the NFAC, Delhi [for brevity the “Ld. CIT(A)”], order passed under section 250 of the Income Tax Act 1961 (for brevity ‘the Act’) for Assessment Year 2011-12, date of order 30.10.2025. The impugned order emanated from the order of the Ld. Assistant Commissioner of Income Tax Officer-21(1), Mumbai (for brevity the ‘Ld. AO’)

order passed under section 143(3) of the Act date of order 31.03.2014.

2. The brief facts of the case are that the assessee is an individual capacity f