IN THE INCOME TAX APPELLATE TRIBUNAL “A’’BENCH: BANGALORE BEFORE SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER AND SHRI KESHAV DUBEY, JUDICIAL MEMBER ITA Nos.512 & 513/Bang/2025 Assessment Year : 2021-22 & 2015-16 Karnataka Housing Board

4^th Floor Cauvery Bhavan DCIT (Exemptions)

K.G. Road Circle-1 Vs.

Bangalore 560 009 Bangalore PAN NO :AAAJK0398K APPELLANT RESPONDENT Appellant by : Sri Padamchand Khincha, A.R.

Respondent by : Sri K.M. Mahesh, D.R.

Date of Hearing : 17.09.2025 Date of Pronouncement : 15.12.2025

O R D E R

PER KESHAV DUBEY, JUDICIAL MEMBER:

These appeals at the instance of the assessee are directed against the orders of the ld. CIT(A)/NFAC dated 18.02.2025 vide DIN & Order No.ITBA/NFAC/S/250/2024-25/1073418441(1) for the assessment year 2021-22 and vide Order dated 31.1.2025 with DIN & Order No.ITBA/NFAC/S/250/2024-25/1072790068(1) for the assessment year 2015-16 passed u/s 250 of the Income Tax Act, 1961 (in short “The Act”). Since the issues in both the appeals are similar, these are clubbed together, heard together and disposed of by this common order for the sake of convenience.

2. First, we take up assessee’s appeal in ITA No.512/Bang/2025 for the assessment year 2021-22 f