IN THE INCOME TAX APPELLATE TRIBUNAL “G” BENCH, MUMBAI BEFORE SHRI ANIKESH BANERJEE, JM &

MS PADMAVATHY S, AM I.T.A. No. 261/Mum/2025 (Assessment Year: 2022-23)

Samir Narain Bhojwani, DCIT-4(2)(1), 1^st Floor, Samir Complex, Room No. 642, 6^th Floor, St. Andrews Road, Bandra (West), Vs. Aayakar Bhavan, M.K. Road, Mumbai-400050. New Marine Lines, PAN: AABPB9150H Mumbai-400020.

Appellant) : Respondent I.T.A. No. 1022/Mum/2025 (Assessment Year: 2022-23)

ACIT-4(2)(1), S a m ir Narain Bhojwani, Room No. 640, Aayakar Bhavan, 1^st Floor, Samir Complex, M.K. Road, Mumbai-400020. Vs. St. Andrews Road, Bandra (West), Mumbai-400050.

PAN: AABPB9150H Appellant) : Respondent Appellant /Assessee by : Shri Yogesh Thar & Chaitanya Joshi, AR Revenue / Respondent by : Shri Swapnil Choudhary, Sr. DR Date of Hearing : 09.06.2025 Date of Pronouncement : 26.06.2025 O R D E R Per Padmavathy S, AM:

These cross appeals by the assessee and the revenue are against the order of the Commissioner of Income Tax (Appeals)/ National Faceless Appeal Centre (NFAC), Delhi (in short "CIT(A)") under section 250 of the Income Tax Act, 1961 (the Act) dated 18.12.2024 for Assessment Year (AY) 2022-23. The assessee and revenue raise