IN THE INCOME TAX APPELLATE TRIBUNAL “K” BENCH MUMBAI BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER AND SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER ITA Nos. 3971 and 3991/MUM/2025 Assessment Years: 2015-16 and 2016-17 Deputy Commissioner of Glenmark Pharmaceuticals Income Tax, Limited Circle-3(4), B/2, Mahalaxmi Chambers, Mumbai Vs. 22 Bhulabhai Desai Road, Mahalaxmi, Cumballa Hill S.O Mumbai - 400026 (PAN: AAACG2207L)

(Appellant) ( R e spondent)

Present for:

Assessee : Shri Vijay Mehta, CA Revenue : Ms. Neena Jeph, CIT DR Date of Hearing : 15.12.2025 and 22.12.2025 Date of Pronouncement : 12.03.2026

O R D E R

PER GIRISH AGRAWAL, ACCOUNTANT MEMBER:

These two appeals filed by the Revenue are against the orders of ld. CIT (A) 56, Mumbai, vide order nos. ITBA/APL/S/250/2024- 25/1074651858(1) and ITBA/APL/S/250/2024-25/1074654300(1), dated 18.03.2025, passed against the assessment orders by DCIT/ACIT (LTU)-2, Mumbai, u/s. 143(3) r.w.s. 144C(3) of the Income-tax Act (hereinafter referred to as the “Act”), dated 15.01.2019 and 05.07.2019 for Assessment Years 2015-16 and 2016-17, respectively.

2. Grounds taken by the Revenue are reproduced as under:

ITA No. 3971/Mum/2025

1. Whether on the facts and in the