Income Tax Appeal Orders: Sheth Developers Private Limited vs Assistant Commissioner of Income Tax

INCOME

TRIBUNAL

आदेश / ORDER

PER PRABHASH SHANKAR [A.M.] :-

The instant appeals have been preferred by the assessee and ITA sixty-twenty-four/Mum/twenty twenty-five is Cross appeal by Revenue against the orders of even date as passed by the Ld. Commissioner of Income-tax, Appeal, C I T A fifty-two, Mumbai [hereinafter referred to as "CIT(A)"] pertaining to assessment orders passed u/s. one hundred forty-three(three) of the Income-tax Act, nineteen sixty-one [hereinafter referred to as "Act"] for Assessment Years A.Ys. twenty eighteen-nineteen and twenty twenty-one. All the above stated appeals are interrelated involving identical grounds of appeal and also these have been heard together, therefore, they are being adjudicated in this composite order for the sake of brevity. We take up the appeals in the case of ITA five-six-zero-three/MUM/twenty twenty-five (A.Y. twenty twenty-one) in the case of Sheth Developers Private Limited first, which is taken as 'Lead Case'.