IN THE INCOME TAX APPELLATE TRIBUNAL, „I‟ BENCH MUMBAI BEFORE: SHRI AMIT SHUKLA, JUDICIAL MEMBER &

MS PADMAVATHY S, ACCOUNTANT MEMBER ITA No. AY Assessee/ Respondent Appellant ITA No. 2022-23 Sky High Appeal XLIII The Assistant 1122/Mum/2025 Leasing Company Commissioner Limited of Income Tax 2, Grand Canal Square (International Grand Canal Harbour Tax) Circle Dublin, D02 A342 4(2)(1), Ireland Mumbai C/o. DMD Advocates

30, Nizamuddin East, New Delhi-110 013 PAN: ABFCS0569K SA 2022-23 Sky High Appeal XLIII The Assistant No.38/Mum/2025 Leasing Company Commissioner (Arising out of Limited of Income Tax ITA No. 2, Grand Canal Square (International

1122/Mum/2025 Grand Canal Harbour Tax) Circle Dublin, D02 A342 4(2)(1), Ireland Mumbai C/o. DMD Advocates

30, Nizamuddin East, New Delhi-110 013 PAN: ABFCS0569K ITA No. 2022-23 Ortus Aircraft Lease Deputy

1106/Mum/2025 6 (Doublin) Limited Commissioner

32, Molesworth of Income Street, Dublin 2, Tax, Ireland. International C/o. DMD Advocates Tax, Circle

30, Nizamuddin East, 3(2)(2), New Delhi-110 013 Mumbai PAN: AADCO1624J SA 2022-23 Ortus Aircraft Lease Deputy No.37/Mum/2025 6 (Doublin) Limited Commissioner ITA 32, Molesworth of Income No.1106/Mum/20 Street, Dublin 2, Tax, 25 Ireland. International C/o. DMD Advocates Tax, Circle

30, Nizamuddin East, 3(2)(2), New Delhi-110 013 Mumbai PAN: AADCO1624J ITA No. 2022-23 TFDAC Ireland II Deputy

1198/Mum/2025 Limited Commissioner C/o. Apex Group of Income

2^nd Floor, Block 5 Tax, Irish Life Centre (International Abbey Street Lower, Tax) Circle Dublin 1 4(1)(2), Dublin, Ireland Mumbai C/o. DMD Advocates

30, Nizamuddin East, New Delhi-110 013 PAN:AAICT4062A SA 2022-23 TFDAC Ireland II Deputy No.41/Mum/2025 Limited Commissioner (Arising out of C/o. Apex Group of Income ITA No. 2nd Floor, Block 5 Tax, No.1198/Mum/20 Irish Life Centre (International

25) Abbey Street Lower, Tax) Circle Dublin 1 4(1)(2), Dublin, Ireland Mumbai C/o. DMD Advocates

30, Nizamuddin East, New Delhi-110 013 PAN:AAICT4062A ITA 2022-23 DAE(SY22) Leasing Assistant No.1157/Mum/20 (Ireland) 41 C/o.DMD Commissioner

25 Advocates of Income

30, Nizamuddin East Tax, New Delhi-110 013 International PAN:ABJCS6865L Tax, Circle

2(1)(2), Mumbai SA 2022-23 DAE(SY22) Leasing Assistant No.42/Mum/2025 (Ireland) 41 C/o.DMD Commissioner (Arising out of Advocates of Income ITA 30, Nizamuddin East Tax, No.1157/Mum/20 New Delhi-110 013 International

25 PAN:ABJCS6865L Tax, Circle

2(1)(2), Mumbai ITA No. 2022-23 Ortus Aircraft Lease Deputy

1108/Mum/2025 5 (Doublin) Limited Commissioner

32, Molesworth of Income Street, Dublin 2, Tax, Ireland. (International C/o. DMD Advocates Tax) Circle Assessee by Shri Sachit Jolly, Sr. Adv.; Shri Mrunal Parekh; Ms.Disha Jham &

Shri Hardeep Singh Chawla Revenue by Shri Vivek Perampurna- CIT DR &

Shri Krishna Kumar, Sr.DR Date of Hearing 15/05/2025 Date of Pronouncement 13/08/2025 आदेश / O R D E R PER AMIT SHUKLA (J.M):

These seven appeals have been filed by different assessees, each arising from its respective final assessment order passed under section 143(3) read with section 144C(13) of the Income- tax Act, 1961 (“the Act”) for the Assessment Year 2022–23, in pursuance of directions issued by the Hon‟ble Dispute Resolution Panel–2, Mumbai (“the DRP”) under section 144C(5). While the appeals are separate in form, the underlying facts, nature of transactions, and legal controversies are materially similar. The orders passed by the respective learned Assessing Officers (“AOs”) and the reasoning adopted by the learned DRP are substantially alike in language and substance.

2. In these circumstances, both the learned Senior Counsel appearing for the assessees and the learned Departmental Representatives for the Revenue submitted that the matters could be heard together and disposed of by a common, consolidated order to avoid prolixity and ensure consistency in judicial determination. Accepting this consensus, we have heard all the appeals together and proceed to adjudicate them through this cons