IN THE INCOME TAX APPELLATE TRIBUNAL JAIPUR BENCH “B”, JAIPUR BEFORE Dr. S. SEETHALAKSHMI, JUDICIAL MEMBER AND SHRI GAGAN GOYAL, ACCOUNTANT MEMBER ITA No. 717/JPR/2024 (A.Y. 2008-09)

ACIT, Exemption, Circle, Jaipur ...... Appellant Vs.

Urban Improvement Trust, UIT Building near Cad Circle, CAD Circle, Kota 324 007 PAN No.: AAALU 0110D ...... Respondent ITA Nos. 794 to 797/JPR/2024 (A.Ys. 2006-07, 2007-08, 2009-10 & 2016-17)

DCIT, Exemption, Circle, Jaipur ...... Appellant Vs.

Urban Improvement Trust, UIT Building near Cad Circle, CAD Circle, Kota 324 007 PAN No.: AAALU 0110D ...... Respondent ITA Nos. 731, 773, 774, 803, 811, 812, 813, /JPR/2024 (A.Ys. 2008-09, 2003-04, 2005-06, 2006-07, 2016-17, 2007-08 & 2009-10 )

Urban Improvement Trust, UIT Building near Cad Circle, CAD Circle, Kota 324007 PAN No.: AAALU 0110D ...... Appellant Vs.

ACIT, Exemption, Circle, Jaipur ...... Respondent Appellant by : Mr. Prakul Khurana, Adv. &

Mr. Mukesh Soni, Adv. Adv., Ld. ARs Respondent by : Mrs. Alka Gautam, CIT, Ld. DR Date of hearing : 11/08/2025 Date of pronouncement : 11/08/2025 O R D E R PER GAGAN GOYAL, A.M:

These appeals by assessee and revenue are directed against the order of NFAC, Delhi dated 2