IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “G”, MUMBAI BEFORE SHRI NARENDRA KUMAR BILLAIYA, ACCOUNTANT MEMBER AND SHRI ANIKESH BANERJEE, JUDICIAL MEMBER I.T.A No.2897/Mum/2016 (Assessment Year: 2010-11)

Grasim Industries Limited vs Deputy CIT, Central Circle- 1(4), (Corporate Finance Division) Mumbai.

A-2, Aditya Birla Centre Room No. 902, Old CGO Building, S.K. Ahire Marge, Worli, Mumbai, 400020 Mumbai-400 030 PAN: AAACG4464B APPELLANT RESPONDENT I.T.A No.4069/Mum/2016 (Assessment Year: 2010-11)

Deputy CIT, Central Circle- vs Grasim Industries Limited

1(4), Mumbai (Corporate Finance Division)

Room No. 902, Old CGO A-2, Aditya Birla Centre Building, Mumbai, 400020 S.K. Ahire Marge, Worli, Mumbai-

400 030 PAN: AAACG4464B APPELLANT RESPONDENT Assessee by : Shri J.D. Mistry – Sr. Advocate &

Shri Madhur Agrawal Respondent by : Shri Arun Kanti Datta - CIT DR Date of hearing : 17/07/2025 Date of pronouncement : 09/09/2025 O R D E R Per Anikesh Banerjee (JM):

These are cross appeal filed by the assessee and the revenue against the order of the Commissioner of Income-tax (Appeals)-13, Mumbai [for brevity, ‘Ld. CIT(A)’] passed under section 250 of the Income-tax Act, 1961 (in shot, ‘the Act)