2022 (6) TMI 737

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....C(5) of the Income-tax Act, 1961 (hereinafter referred to as "the Act") as per the grounds of appeal on record. 2. At the time of hearing, the parties agreed that the facts and circumstances of the issues involved in all these appeals are absolutely identical and similar. These cases are therefore, heard together and are disposed of by this consolidated order. 3. ITA No. 2038/PUN/2019 for A.Y. 2015-16 The assessee has submitted revised/modified grounds of appeal and at the time of hearing, the ld. Counsel submitted that broadly there are three issues for adjudication in the present appeal. The first issue is addition in respect of disallowance of Primary Rate Interface (PRI) Line charges paid to Telecom Companies amounting to Rs. 6....

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....ribunal should have seen the monetary limit of the combined appeals of the assessee as well as the Revenue arising out of the common judgment of the CIT(A) pertaining to the assessee for the same assessment year. In our opinion, this question is not required to be examined in view of the fact that the decision of this Court in case of Kotak Securities (supra) has been revised by the Supreme Court in the case of CIT Vs. Kotak Securities Ltd. [2016] 67 taxmann.com 356/239 Taxman 139/383 ITR 1 (SC). Resultantly on the merits also, the Revenue would have no ground to succeed." 4. Respectfully following the aforesaid decision, we direct the A.O./T.P.O. to delete the addition on lease line charges from the hands of the assessee. Accordingly, t....