M/s Sai Builders and Developers vs. PCIT, Mumbai-27
Case No: ITA No. 4520/MUM/2025
Court: INCOME-TAX APPELLATE TRIBUNAL, MUMBAI “F” BENCH
Date: 1/28/2026
Parties Involved
AppellantM/s Sai Builders and Developers
RespondentPCIT, Mumbai-27
Facts Summary
The assessee, M/s Sai Builders and Developers, a partnership firm, filed the return of income for AY 2017-18 on 31.10.2017 declaring total income of Rs.9,11,21,970/-. The assessment order u/s 143(3) of the Act was passed on 10.12.2019 assessing the total income at Rs.9,28,16,250/-. Thereafter, an order u/s 263 was passed by the PCIT, Mumbai-27 on 16.03.2022 directing the AO to make a fresh assessment order. Accordingly, the AO passed order u/s 143(3) r.w.s. 263 r.w.s 144B of the Act on 15.03.202…
Decision in favour of
Revenue
Legal Issues
- 1. Whether the Learned Principal CIT, Mumbai-27 erred in assuming Jurisdiction under section 263 and holding that the assessment order dated 10.12.2019 passed by the learned assessing officer is erroneous and prejudicial to the interest of Revenue.
- 2. Condonation of delay in filing appeal before the ITAT.
Precedents Relied Upon
9 precedents cited in this judgement.