IN THE INCOME TAX APPELLATE TRIBUNAL "G" BENCH, MUMBAI SHRI NARENDRA KUMAR BILLAIYA, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER ITA No. 3762/MUM/2009 (Assessment Year: 2006-2007)

Grasim Industries Limited, (Corporate Finance Division), A-2, Aditya Birla Centre, S.K. Ahire Marg, Worli, Mumbai – 400030. Maharashtra [PAN: AAACG4464B] …………. Appellant Additional Commissioner of Income Vs Tax, Range 6(3), 5^th Floor, Room No.505, Aayakar Bhavan, …………. Respondent Mumbai – 400020.

ITA No.4385/MUM/2009 (Assessment Year: 2006-2007)

Assistant Commissioner of Income Tax Circle 6(3), Mumbai, Room No. 522, 5^th Floor, Aayakar Bhavan, M.K. Road, Mumbai - 400020 …………. Appellant Grasim Industries Limited, Century Bhavan, 3^rd Floor, Dr. A.B.Road, Vs Worli, Mumbai – 400025.

[PAN: AAACG4464B] …………. Respondent Appearance For the Assessee : Shri J. D. Mistry Sr. Advocate Shri Fenil Bhatt For the Department : Shri Kishor Dhule Date Conclusion of hearing : 28.11.2024 Pronouncement of order : 25.02.2025

O R D E R

Per Rahul Chaudhary:

1. These are cross-appeals for Assessment Year 2006-2007 preferred against the order, dated 18/05/2009, passed by the Commissioner of Income Tax (Appeals)-VI, Mumbai, [h