IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “G”, MUMBAI BEFORE SHRINARENDRA KUMAR BILLAIYA, ACCOUNTANT MEMBER AND SHRI ANIKESH BANERJEE, JUDICIAL MEMBER ITA No.1093/Mum/2025 (Assessment year: 2020-21)

Yes Bank Limited vs Additional commissioner of Income Yes Bank House, 8^th Floor, Tax (Appeals), Panchkula Prabhat Colony, Off Western Express Highway, Santacruz East, Mumbai-400 055 PAN : AAACY2068D APPELLANT RESPONDENT ITA No.992/Mum/2025 (Assessment year: 2020-21)

Additional commissioner of vs Yes Bank Limited Income Tax (Appeals), Yes Bank House, 8^th Floor Panchkula Prabhat Colony, Off Western Express Highway, Santacruz East, Mumbai-400 055 PAN : AAACY2068D APPELLANT RESPONDENT Assessee by : Shri Yogesh Thard &Ms.Vidhi Salot Respondent by : Ms. Ramapriya Raghavan - CIT DR&

Shri Bhangepatil Pushkaraj Ramesh –

Sr. AR Date of hearing : 08/04/2025 Date of pronouncement : /04/2025

O R D E R

Per Anikesh Banerjee (JM):

The instant appeals of the assessee and revenue are filed against the order of the Learned Commissioner of Income-tax (Appeals) / Addl JCIT(A), Panchkula *in short, ‘Ld.CIT(A)’]passed under section 250 of the Income-tax Act, 1961 (in short, ‘the Act’), for A.Y. 2020-21, dat