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INCOME TAX APPELLATE TRIBUNAL (MUMBAI BENCH)
SHRI B.R. BASKARAN, ACM, SHRI SANDEEP SINGH KARHAIL, J
Shri Renukamata Multi–State Co–operative Urban Credit Society Ltd. – Appellant
Versus
Asstt. Commissioner of Income Tax – Respondent
| Table of Content |
|---|
| 1. consolidation of cross-appeals for assessment years (Para 1 , 2) |
| 2. assessee's grounds for appeal regarding approval under section 153d (Para 3) |
| 3. revenue's grounds for appeal regarding additions under section 68 (Para 4 , 5 , 6 , 7 , 10) |
| 4. clarification on kyc violations and assessed income (Para 12 , 19) |
| 5. final conclusions on disposals of appeals (Para 50 , 72) |
ORDER
PER BENCH
The present cross–appeals have been filed challenging the separate impugned orders of even date 30/03/2023, passed under section 250 of the Income Tax Act, 1961 ("the Act") by the learned Commissioner of Income Tax (Appeals)-52, Mumbai, [―learned CIT(A)‖], for the assessment years 2016–17, 2017–18 and 2018–19.
2. Since these appeals pertain to the same assessee and involve similar issues that arise out of a similar factual matrix, therefore, these appeals were heard together and are being decided by way of this consolidated order. With the consent of the parties, the cross-appeals for the assessment year 2016-17 is taken up as a lead case and the decision rendered therein shall apply mutatis mutandis to the cross-appeals for the assessment years 2017-18 and 2018-19.
ITA no.1725/Mum./2023 (
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