IN THE INCOME TAX APPELLATE TRIBUNAL “K” BENCH, MUMBAI BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER AND SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER ITA No. 5142/MUM/2024 (AY: 2015-16) ITA No. 5143/MUM/2024 (AY: 2016-17)

(Physical hearing)

DCIT Circle- 5(2) (1), Mumbai, M/s JSW Steel Coated Products Limited, Room No. 571, 5^th Floor, vs JSW Centre, BandraKurla Complex, AayakarBhavan,M.K. Road, Bandra East, Mumbai-400051.

Mumbai – 400020. [PAN:AACCM3988L]

Appellant / Assessee Respondent / Revenue C.O. No. 257/Mum/2024 in ITA No. 5143/MUM/2024 (AY: 2016-17) C.O. No. 258/Mum/2024 in ITA No. 5142/MUM/2024 (AY: 2015-16)

M/s JSW Steel Coated Products Limited, DCIT Circle- 5(2) (1), Mumbai, JSW Centre, BandraKurla Complex, Vs Room No. 571, 5^th Floor, Bandra East, Mumbai-400051. AayakarBhavan, M.K. Road, [PAN:AACCM3988L] Mumbai – 400020.

Appellant / Assessee Respondent / Revenue Assessee by Shri Rakesh Joshi, CA Revenue by Ms. NeenaJeph, CIT-DR &

Shri BhagirathRamawant, Sr. DR Date of Institution 02.10.2024 Date of hearing 22.12.2025 Date of pronouncement 30.01.2026 Order under section 254 (1) of Income Tax Act PER PAWAN SINGH JUDICIAL MEMBER;

1. These two appeals by Revenue and cross-objections therein by a