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2. At the outset itself, it was pointed out that the issues raised in these cross-appeals were identical in both the years; therefore, both these cross-appeals were taken up together for hearing. The appeal pertaining to A.Y 2013-14 was agreed by both the parties to be considered as the lead case and the decision rendered therein to apply paripassu to identical issues raised in A.Y 2014-15.

We shall first be dealing with Assesses appeal for A.Y 2013-14.

ITA 400/Ahd/2018 A.Y 2013-14 : ASSESSEE'S APPEAL