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IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH, MUMBAI BEFORE SHRI OM PRAKASH KANT, AM AND MS. KAVITHA RAJAGOPAL, JM ITA No.2942 /Mum/2024 (Assessment Year: 2019-20)

Asst. Commissioner of Income Tax, M/s. Bank of Baroda (e- Vijaya Circle-2(1)(1), Bank)

Room No.575, 5th Floor, C-26, 2 Floor, Boroda Corporate Vs.

Aayakar Bhavan, Centre, Bandra Kurla Complex, M.K. Road, Bandra (East), Mumbai Mumbai – 400 020 PAN/GIR No.AAACV4791J (Appellant) : (Respondent &

ITA No.2533/Mum/2024 (Assessment Year: 2019-20)

M/s. Bank of Baroda, Vs. Assessing Officer, NFAC, New Delhi Corporate Accounts & Taxation Dept, 2 Floor, Boroda Corporate Centre, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 PAN/GIR No.AAACV4791J (Appellant) : (Respondent Assessee by : Shri S. Ananthan, AR &

Shri Nabil Ahmed, AR Respondent by : Shri Vimal Kumar Meena, (CIT DR)

Shri Leyaqat Ali Aafaqui, Sr. Ar Date of Hearing : 08.12.2025 Date of Pronouncement : 10.02.2026

O R D E R

Per Kavitha Rajagopal, J M:

These captioned appeals are cross appeals filed by the assessee and the Revenue, challenging the order of the learned Commissioner of Income Tax Appeal, Mumbai (‘ld. CIT(A)’ for short), passed u/s 250 of the Income Tax