DY. COMMISSIONER OF INCOME TAX (EXEMPTION)-2(1), MUMBAI vs. NATIONAL INSTITUTE OF BANK MANAGEMENT , MUMBAI

ITA No.757/Mum/2023 filed by the National Institute of Banking Management [ Assessee] and ITA No.1192/Mum/2023 is filed by the Dy. Commissioner of Income-tax (Exemption) 2(1), Mumbai, [the learned Assessing Officer] for A.Y. 2018-19 against the appellate order passed by the National Faceless Appeal Centre, Delhi [the learned CIT (A)] dated 15th February, 2023. By this appellate order, the appeal filed by the assessee against the assessment order passed under Section 143(3) read with section 144B of the Act passed by the National Faceless Appellate Centre, Delhi was partly allowed. Therefore, both the parties are aggrieved and are in appeal before us. 02. The brief facts of the case shows that assessee is a trust filed its return of income on 3rd October, 2018, at ₹ nil. It was further revised its ROI on 30th March, 2019, at ₹ nil. Assessee is having the object of