2025 (12) TMI 146

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....ssessee :  Ms. Chandni Shah, Mr. Hardik Nirmal & Ms. Tejal Saraf, A/Rs For the Revenue : Shri Swapnil Choudhary, Sr. D/R ORDER PER NARENDRA KUMAR BILLAIYA, AM: This appeal by the assessee is preferred against the order of the ld. Principal Commissioner of Income Tax, Mumbai - 6 [hereinafter 'the ld. PCIT)'] dated 10/03/2025 pertaining to AY 2020-21. 2. The sum and substance of ....

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....y obligations onto the public exchequer. The ld. PCIT was of the firm belief that the decision of the AO is erroneous on merits as well as the fact that he has not conducted further enquiries. Drawing support from the Finance Bill, 2014, the ld. PCIT, adjudicated by holding that the assessment order passed by the AO is erroneous insofar as it is prejudicial to the interest of the revenue. 5. Ha....