IN THE INCOME-TAX APPELLATE TRIBUNAL“D” BENCH, MUMBAI BEFORE SHRI SANDEEP GOSAIN, JUDICIAL MEMBER &

SHRI PRABHASH SHANKAR, ACCOUNTANT MEMBER ITA No. 2166/MUM/2025 (A.Y. 2010-11)

ITA No. 2167/MUM/2025 (A.Y. 2011-12)

Assistant Commissioner of v/s. M/s Romil Diam Income Tax – 19(3), Room No. बनाम 6/29 Capri, 9 Manav Mandir 513, 5^th Floor, Piramal Chamber, Road, Walkeshwar, Mumbai Mumbai – 400 012, Maharashtra – 400006, Maharashtra स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AAKFR7912A Appellant/अपीलाथी .. Respondent/

For Assessee : Shri Sanjay R. Parikh, CA For Revenue : Shri Annavaran Kosuri, (Sr. AR)

Date of Hearing 17.09.2025 Date of Pronouncement 10.11.2025 आदेश / O R D E R PER PRABHASH SHANKAR [A.M.] :-

The above captioned appeals ITA No. 2166/MUM/2025 and ITA No. 2167/Mum/2025 have been preferred by the Revenue pertaining to assessment orders u/s. 143(3) r.w.s 147 of the Income-tax Act, 1961 [hereinafter referred to as “Act”] as passed by the Learned Commissioner of Income-tax, (Appeals)/National Faceless Appeal Centre, Delhi [hereinafter referred to as “CIT(A)”] separately for the Assessment Years

2010-11 and 2011-12.

2. The grounds of the appeals are as under:-

ITA No. 2166/MUM/2025(A.Y. 2