In the result, the appeal of the assessee is partly allowed and the
Bench: Shri Pawan Singh & Shri Girish Agrawal
145A, Ist Floor, Kandivali (W) Mumbai-400067 Aayakar Bhawan, M.K.Road, Mumbai-400020 [PAN: AACCB4562D] Appellant / Assessee Respondent / Revenue Income Tax Officer Ward-12(1)(1) Blues IT Innovations India Private Room No. 129, Ist Floor, Vs Limited, Flat No. 24, J 24, Aayakar Bhawan, M.K.Road, Mahavir Nagar, Dahanukarwadi, Mumbai-400020 Kandivali (W) Mumbai-400067 [PAN: AACCB4562D] Appellant / Assessee Respondent / Revenue