IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH “A”, PUNE BEFORE SHRI R. K. PANDA, VICE PRESIDENT AND MS. ASTHA CHANDRA, JUDICIAL MEMBER ITA Nos.2023 and 2011/PUN/2024 Assessment years : 2014-15 and 2016-17 DCIT, Circle – 7, Kolte Patil Integrated Townships Limited Pune S.No.74, Marunji Hinjewadi, Marunji Vs.

Kasarsai Rao, Wakad BO Man, Pune – 411057 PAN: AABCI5807K (Appellant) (Respondent)

Assessee by : Shri Nikhil S Pathak Department by : Shri Amol Khairnar CIT-DR Date of hearing : 06-01-2025 Date of pronouncement : 10-03-2025

O R D E R

PER R. K. PANDA, VP :

The above two appeals filed by the Revenue are directed against the separate orders dated 02.08.2024 of the Ld. CIT(A) / NFAC, Delhi relating to assessment years 2014-15 and 2016-17 respectively. Since identical grounds have been raised by the Revenue in both these appeals, therefore, for the sake of convenience, these were heard together and are being disposed of by this common order.

2. First we take up ITA No.2023/PUN/2024 for assessment year 2014-15 as the lead case. Facts of the case, in brief, are that the assessee is a company engaged in real estate business. It filed its return of income on 18.08.2014 declaring total incom