AdvertisementSmt. Geeta Khare vs. ACIT and Shri Shashikant B. Mhatre (HUF) vs. Income Tax Officer (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT), Mumbai, disposed of two appeals together as they involved identical issues relating to Assessment Year 2014-15. With the consent of both parties, the appeal of Smt. Geeta Khare was treated as the lead case, and the decision was made applicable to the connected appeal of Shashikant B. Mhatre, subject to differences in figures and the name of the scrip. The common issue before the Tribunal was whether the Commissioner of Income Tax (Appeals) was justified i...