Two Appeal against Same Order: ITAT Dismisses one Appeal as “infructuous”

Pegasus Properties (P.) Ltd. Vs DCIT (ITAT Mumbai) Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has dismissed an appeal filed by M/s Pegasus Properties (P.) Ltd. for the assessment year 2015-16. The appeal, directed against an order dated March 16, 2021, passed by the Commissioner of Income Tax (Appeals) (CIT(A))-48, Mumbai, was not decided on its merits but was instead deemed “infructuous” by the Tribunal due to a procedural issue. The core of the dispute involved several additions made by the Assessing Officer (AO) to the total income of Pegasus Properties, subsequently up...