Prakash Choitram Tekwani, Jalgaon V. Deputy Commissioner of Income-tax,

ITA 1045/PUN/2016

• Counselvise Citation: [2019] 117 COUNSELVISE.COM (IT) 7219 (ITAT-PUNE)
• Duration Of Justice: 2 year(s) 11 month(s) 4 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 22-04-2019
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: A
• Next Hearing Date: 02-01-2019
• Assessment Year: 2011-2012
• Appeal Filed On: 18-05-2016
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: SANJEEV GHEI
• Keywords: Capital asset; Business income
• Section: 54B; 2(14); 131

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL A BENCH, PUNE . , , , BEFORE SHRI D. KARUNAKARA RAO, AM AND SHRI VIKAS AWASTHY, JM . / ITA NO . 10 45 /PUN/201 6 / ASSESSMENT YEAR : 20 11 - 12 SHRI PRAKASH CHOITRAM TEKWANI, 88, ADARSH NAGAR, NR. RTO OFFICE, JILHA PETH, JALGAON 425001 PAN : AAKPT0929P ....... / APPELLANT / V/S. DY. COMMISSIONER OF INCOME TAX , CIRCLE 1, JALGAON / RESPONDENT ASSESSEE BY : S MT. DEEPA KHARE REVENUE BY : SHRI SANJEEV GHEI / DATE OF HEARING : 0 5 - 04 - 2019 / DATE OF PRONOUNCEMENT : 22 - 0 4 - 2019 / ORDER PER VIKAS AWASTHY, JM : TH IS APPEAL BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER OF COMMI SSIONER OF INCOME TAX (APPEALS) - 2, NASHIK DATED 31 - 03 - 2016 FOR THE ASSESSMENT YEAR 20 11 - 12. 2. THE BRIEF FACTS OF THE CASE AS EMANATING FROM RECORDS ARE : THE ASSESSEE IS AN INDIVIDUAL. THE ASSESSEE FILED HIS RETURN OF INCOME FOR THE 2 ITA NO . 1045/PUN/2016, A.Y. 2011 - 12 IMPUGNED ASSESSMENT YEAR ON 30 - 09 - 2011 DECLARING TOTAL INCOME OF RS. 72,69,115/ - . THE CASE OF THE ASSESSEE WAS SELECTED FOR SCRUTINY UNDER CASS . S TATUTORY NOTICE U/S. 143(2) O F THE INCOME TAX ACT, 1961 (HERE INAFTER REFERRED TO AS THE ACT ) WAS ISSUED TO THE ASSESSEE ON 02 - 08 - 2012. IN SCRUTINY ASSESSMENT PROCEEDINGS, THE ASSESSING OFFICER OBSERVED THAT THE ASSESSEE HAD SOLD FOUR PARCELS OF LAND AND HAD CLAIMED DEDUCTION U/S. 54B OF THE ACT IN RESPECT OF ONE OF THE LAND COMPRISING IN S. NO. 37/6 ADMEASURING 18.07 GUNTHAS AT ASHANE SHIWAR, TALUKA - KARJAT, DISTT. - RAIGAD. SUMMONS WERE ISSUED TO THE ASSESSEE U/S. 131 SEEKING DETAILS OF PROPERTY SOLD. THE ASSESSING OFFICER AFTER ANALYZING THE DOCUMENTS FURNISHED B Y THE ASSESSEE CONCLUDED THAT THE ASSESSEE HAS FAILED TO ESTABLISH THAT THE AGRICULTURAL ACTIVITIES WERE CARRIED OUT BY THE ASSESSEE . THE ASSESSING OFFICER REMARKED THAT THE ASSESSEE HAS FAILED TO CONCLUSIVELY SUBSTANTIATE THE SALE OF AGRICULTURAL PRODUCE . THUS, THE ASSESSING OFFICER DISALLOWED ASSESSEES CLAIM OF DEDUCTION U/S. 54B OF THE ACT. AS REGARDS THE OTHER THREE PARCELS OF LAND COMPRISING IN S. NO. 37/2, 37/4 AND 37/5 AT ASHANE SHIWAR, TALUKA - KARJAT, DISTT. - RAIGAD THE ASSESSEE HAD OFFERED THE GA IN FROM SALE AFORESAID LANDS AS SHORT TERM CAPITAL GAIN. THE ASSESSING OFFICER HELD TH E GAIN ARISING FROM SALE OF SAID THREE PARCELS OF LAND AS BUSINESS INCOME. AGGRIEVED AGAINST THE ORDER OF ASSESSING OFFICER DATED 11 - 03 - 2014, THE ASSESSEE FILED APPEAL B EFORE THE COMMISSIONER OF INCOME TAX (APPEALS) . IN PROCEEDINGS BEFORE FIRST APPELLATE AUTHORITY , THE ASSESSEE RAISED ADDITIONAL GROUND STATING THAT THE AGRICULTURAL LAND SOLD BY ASSESSEE DOES NOT FALL WITHIN THE DEFINITION OF CAPITAL ASSET AS DEFINED U/ S. 2(14) OF THE ACT. THE COMMISSIONER OF INCOME TAX (APPEALS) SOUGHT REMAND REPORT BEFORE THE ASSESSING OFFICER ON THE FRESH CLAIM MADE BY ASSESSEE. THE 3 ITA NO . 1045/PUN/2016, A.Y. 2011 - 12 COMMISSIONER OF INCOME TAX (APPEALS) AFTER CONSIDERING THE DOCUMENTS ON RECORD AND THE REMAND REPORT HELD THAT THE LAND COMPRISING IN S. NO. 37/6 DOES NOT FALL WITHIN THE MEANING OF CAPITAL ASSET U/S. 2(14) OF THE ACT. HOWEVER, AS REGARDS GAIN ON SALE OF THE OTHER THREE PARCELS OF LAND COMPRISING IN S. N O . 37/2, 37/4 AND 37/5 AT ASHANE SHIWAR, TALUKA - KARJAT, DISTT. - RAIGAD THE COMMISSIONER OF INCOME TAX (APPEALS) UPHELD THE FINDINGS OF ASSESSING OFFICER IN TREATING THE SAME AS B USINESS I NCOME . NOW, THE ASSESSEE IS IN SECOND APPEAL BEFORE THE TRIBUNAL ASSAILING THE FINDINGS OF COMMISSIONER OF I NCOME TAX (APPEALS) BY RAISING FOLLOWING GROUNDS : 1 . THE LEARNED CIT(A) ERRED IN LAW AND ON FACTS IN CONFIRMING THE ACTION OF THE LEARNED AO IN TREATING THE SURPLUS ON SALE OF AGRICULTURAL LAND AT GAT NO. 3 7/2, 37/4 AND 37/5 MAUGE ASHANE SHIWAR KARJAT OF RS.70,64,920/ - AS ADVENTURE IN THE NATURE OF TRADE AND ASSESSING THE SAME AS BUSINESS INCOME. 2. THE LEARNED CIT(A) ERRED IN LAW AND ON FACTS IN NOT APPRECIATING THAT THE AGRICULTURAL LAND AT GAT NO. 37/2, 37/4 AND 37/5 MAUGE ASHANE SHIWAR KARJAT WAS OUTS IDE THE PURVIEW OF DEFINITION OF CAPITAL ASSETS WITHIN THE MEANING OF SECTION 2(14) OF THE I.T ACT AND THUS NOT LIABLE OR CHARGEABLE TO TAX. 3. THE LEARNED CIT(A) ERRED IN LAW AND ON FACTS IN DIRECTING THE AMOUNT OF RS.25,85,147/ - TO BE ASSESSED AS EXEMPT IN RESPECT OF GAT NO. 37/6 MAUGE ASHANE SHIWAR KARJAT INSTEAD OF RS.26,56,000/ - WHICH IS ASSESSED BY LEARNED AO. THERE HAS BEEN THUS A MISTAKE IN ADOPTING THE AMOUNT MAY KINDLY BE RECTIFIED. 4. THE APPELLANT CRAVES TO ADD, ALTER, MODIFY OR SUBSTITUTE ANY GROUND OF APPEAL AT THE TIME OF HEARING. 3 . SMT. DEEPA KHARE APPEARING ON BEHALF OF THE ASSESSEE SUBMITTED THAT THE ASSESSEE HAD SOLD AGRICULTURAL LAND VIDE TWO REGISTERED SALE DEED S, BOTH DATED 04 - 02 - 2011. THE LAND COMPRISING IN S. NO. 37/2, 37/4 AND 37/5 AT ASHANE SHIWAR, TALUKA - KARJAT, DISTT. - RAIGAD WERE SOLD BY A SINGLE SALE DEED FOR A CONSIDERATION OF RS.86,00,000/ - , WHEREAS , THE LAND COMPRISING IN S. NO. 37/6 WAS SOLD VIDE SEPARATE SALE DEED OF EVEN DATE FOR 4 ITA NO . 1045/PUN/2016, A.Y. 2011 - 12 A CONSIDERATION OF RS.29,50,000/ - . TH E LD. COUNSEL SUBMITTED THAT ABOVE PARCELS OF AGRICULTURAL LAND WERE PURCHASED BY THE ASSESSEE ON DIFFERENT DATES AS UNDER : DATE OF PURCHASE S. NO. PART HISSA AREA H.R. PURCHASE PRICE RS. 05/06/2009 37/2 2 0.68.0 6,28,500 15/06/2010 37/4 4 0.05.7 57,500 12/08/2010 37/5 5 0.27.1 3,00,000 05/11/2007 37/6 6 18.07.0 2,24,000 3.1 THE LD. COUNSEL FOR ASSESSEE SUBMITTED THAT THE ASSESSEE WAS USING THE LAND FOR AGRICULTURAL PURPOSE AND WAS CULTIVATING THE LAND. IN SUPPORT OF H ER CONTENTION S THE LD. COUNSEL REFERRED TO 7/12 EXTRACTS OF THE LAND AT PAGES 139 TO 146 OF THE PAPER BOOK. THE LD. COUNSEL POINTED THAT AS PER 7/12 EXTRACTS DURING THE FINANCIAL YEAR 2010 - 11 RICE WAS CULTIVATED. THE LAND COMPRISING IN S. NO. 37/6 WAS THE PURCHASED BY THE ASS ESSEE IN THE YEAR 2007. THE OTHER PARCELS OF LAND ADJOINING THE AFORESAID LAND OF ASSESSEE WERE PURCHASED SUBSEQUENTLY . LAND IN S. NO. 37/2 WAS PURCHASED IN THE YEARS 2009 AND LAND IN S. NO. 37/4 AND 37/5 WERE PURCHASED IN 2010 VIDE SEPARATE SALE DEEDS. WHEN THE ASSESSEE HAD PURCHASED LAND COMPRISING IN S. NO. 37/2, 37/4 AND 37/5 THE ASSESSEE WAS ALREADY CULTIVATE LAND COMPRISING IN S. NO. 37/6 AS IS EVIDENT FROM 7/12 EXTRACT AT PAGE 142 OF THE PAPER BOOK. THE ASSESSEE NEVER USED THE SAID LANDS FOR PURP OSE OTHER THAN AGRICULTUR E. AT NO POINT OF TIME THE ASSESSEE APPLIED FOR CHANGE OF LAND USE FROM AGRICULTURE TO NON - AGRICULTURAL PURPOSE . NO ACTIVITY WHATSOEVER WAS CARRIED OUT BY THE ASSESSEE TO COMMERCIAL LY EXPLOIT THE LAND FOR PURPOSE OTHER THAN AGRIC ULTUR E. THE LD. COUNSEL FURTHER CONTENDED THAT THE AUTHORITIES BELOW HAVE ERRED IN COMING TO THE CONCLUSION THAT THE INCOME EARNED BY THE ASSESSEE FROM SALE OF LAND COMPRISING IN S. NO. 37/2, 37/4 AND 37/5 IS THE 5 ITA NO . 1045/PUN/2016, A.Y. 2011 - 12 BUSINESS INCOME WITHOUT APPRECIATING THE D OCUMENTS ON RECORD AND THE FACTS OF THE CASE. THE ASSESSEE IS NOT TRAD ER OF LAND. THE ASSESSEE INADVERTENTLY IN THE RETURN OF INCOME HAD OFFERED SHORT TERM CAPITAL GAIN FROM SALE OF LAND COMPRISING IN S. NO. 37/2, 37/4 AND 37/5. LATER ON , WHEN THE ASSES SEE RELEASED HIS MISTAKE AT THE TIME OF FILING APPEAL BEFORE THE COMMISSIONER OF INCOME TAX (APPEALS) , THE ASSESSEE CORRECTED THE MISTAKE AND CLAIMED THAT THE FOUR PARCELS OF LAND DO NOT FALL WITHIN THE MEANING OF C APITAL A SSET U/S. 2(14) OF THE ACT. THE LD. COUNSEL SUBMITTED THAT ON THE BASIS OF REMAND REPORT FROM THE ASSESSING OFFICER, THE COMMISSIONER OF INCOME TAX (APPEALS) HELD THAT THE LAND COMPRISING IN S. NO. 37/6 IS NOT A CAPITAL ASSET. HOWEVER, THE CLAIM OF ASSESSEE WITH REGARD TO LAND COMPRISIN G IN S. NO. 37/2, 37/4 AND 37/5 WAS REJECTED MERELY ON THE GROUND THAT THE HOLDING PERIOD OF LAND WAS VERY LESS. THE LD. COUNSEL SUBMITTED THAT HOLDING PERIOD OF LAND ALONE WOULD NOT DETERMINE THE NATURE OF TRANSACTION AND THE NATURE OF ASSET. IN SUPPORT OF HIS CONTENTIONS THE LD. AR PLACED RELIANCE ON THE FOLLOWING DECISIONS : I . COMMISSIONER OF INCOME TAX VS. SMT. DEBBIE ALEMAO, 331 ITR 0059(BOM); II . COMMISSIONER OF INCOME TAX VS. DHABLE, BOBDE, P AROSE, KALE, LUTE & CHOUDHARY, 202 ITR 98 (BOM); III . SUPRIYA KANWAR VS. INCOME TAX OFFICER, 149 ITD 001 (JODHPUR)(TM); IV . HARESH V. MILANI VS. JOINT COMMISSIONER OF INCOME TAX, 114 ITD 428 (PUNE - TRIB.); V . SHRI ANIL R. BIHANI VS. INCOME TAX OFFICER IN ITA NO. 2502/PN/2012 FOR ASSESSMENT YEAR 2009 - 10 DECIDED ON 11 - 04 - 2016 . 4. A U CONTRAIRE , SHRI SANJEEV GHEI REPRESENTING THE DEPARTMENT VEHEMENTLY DEFENDED THE IMPUGNED ORDER. THE LD. DR SUBMITTED THAT IN 6 ITA NO . 1045/PUN/2016, A.Y. 2011 - 12 RETURN OF INCOME THE ASSESSEE HAD HIMSELF OFFERED THE LAND COMPRISING IN S. NO. 37/2, 37/4 AND 37/5 AS SHORT TERM CAPITAL GAIN. HOWEVER, IN PROCEEDINGS BEFORE THE COMMISSIONER OF INCOME TAX (APPEALS) THE ASSESSEE CHANGE D HIS STANCE AND CLAIMED THAT THE AFORESAID LANDS DO NOT FALL WITHIN THE MEANING OF C APITAL A SSET U/S. 2(14) OF THE ACT. THE ASSESSEE IS ENGAGED IN TRADING OF LAN D AS IS EVIDENT FROM SALE / PURCHASE TRANSACTIONS OF LAND. THE HOLDING PERIOD OF LANDS COMPRISING IN S. NO. 37/4 AND 37/5 WAS 6 - 8 MONTHS ONLY. THE LAND COMPRISING IN S. NO. 37/2 WAS SOLD WITHIN 20 MONTHS FROM THE DATE OF PURCHASE. THE ASSESSEE IN HIS RETU RN OF INCOME HAS NEVER SHOWN ANY INCOME FROM SALE OF AGRICULTURAL PRODUCE AND HAS ALSO NOT CLAIMED ANY EXPENDITURE ON AGRICULTURAL ACTIVITIES. TH IS CLEARLY INDICATES THAT THE ASSESSEE HAD NEVER CARRIED OUT ANY AGRICULTURAL ACTIVITIES ON THE LANDS. THE ASSESSEE HAD PURCHASED THE LAND ON POWER OF ATTORNEY AND SOLD THE LAND THROUGH POWER OF ATTORNEY. TH E INEVITABLE CONCLUSION THAT CAN BE DRAWN IS THAT THE ASSESSEE WAS NEVER INTERESTED IN RETAINING THE LAND FOR AGRICULTURAL PURPOSE. 5. W E HAVE HEARD THE SUBMISSIONS MADE BY REPRESENTATIVES OF RIVAL SIDES AND HAVE PERUSED THE ORDERS OF AUTHORITIES BELOW . THE ASSESSEE IN GROUND NOS. 1 AND 2 OF THE APPEAL HAS ASSAILED THE FINDINGS OF COMMISSIONER OF INCOME TAX (APPEALS) IN HOLDING THE GAIN ON SALE OF AGRICU LTURAL LANDS AS B USINESS I NCOME . IT IS AN UNDISPUTED FACT THAT THE ASSESSEE IN THE RETURN OF INCOME HAD OFFERED INCOME FROM SALE OF LAND COMPRISING IN S. NO. 37/2, 37/4 AND 37/5 AS SHORT TERM CAPITAL GAIN. HOWEVER, IN PROCEEDINGS BEFORE THE COMMISSIONER OF INCOME TAX (APPEALS) THE ASSESSEE MADE FRESH PLEA THAT THE AFORESAID LANDS DO NOT FALL WITHIN THE MEANING OF SECTION 2(14) AND HENCE , INCOME FROM SALE OF LAND IS NOT CHARGEABLE TO TAX. THE COMMISSIONER OF INCOME TAX (APPEALS) SOUGHT 7 ITA NO . 1045/PUN/2016, A.Y. 2011 - 12 REMAND REPORT FROM THE ASSESSING OFFICER WITH RESPECT TO ASSESSEES FRESH CLAIM. THE ASSESSING OFFICER IN HIS REMAND REPORT DATED 24 - 02 - 2016 (AT PAGES 136 TO 138 OF PAPER BOOK) OBSERVED AS UNDER : 5. HOWEVER, DURING THE COURSE OF APPELLATE PROCEEDINGS, THE ASSESSEE HAS TAK EN A GROUND THAT THE ASSESSEE WAS NOT AWARE OF THE FACT THAT THE ASSET SOLD WAS NOT A CAPITAL ASSET AS PER THE SECTION 2(14). IN SUPPORT OF THE SAME, HE HAS FILED CERTAIN DETAILS AS EVIDENCES. THE SAME HAS BEEN CONSIDERED. BASED ON THE SUBMISSION, IT AP PEARS THAT THE LAND IS NOT CAPITAL ASSET AS PER THE DEFINITION OF SECTION 2(14) OF THE INCOME TAX ACT, 1961. THE ASSESSING OFFICER FURTHER OBSERVED THAT SINCE THE ASSESSEE HAS SOLD THE LAND COMPRISING IN S. NO . 37/2, 37/4 AND 37/5 WITHIN A SHORT DURATION , T HE INCOME FROM PURCHASE / SALE OF AGRICULTURAL LAND APPEARS TO BE BUSINESS OF THE ASSESSEE. THE ASSESSING OFFICER FINALLY CONCLUDED THAT INCOME FROM SALE OF LAND S MAY BE TREATED AS BUSINESS TRANSACTION. 6 . THE ASSESSEE HAS PLACED ON RECORD 7/1 2 EXTRACTS OF THE LAND IN QUESTION . A PERUSAL OF SAME REVEALS THAT THE LANDS COMPRISING IN S. NO. 37/2, 37/4 AND 37/5 WERE UNDER CULTIVATION. IN SO FAR AS THE OBJECTION OF THE COMMISSIONER OF INCOME TAX (APPEALS) THAT THE ASSESSEE HAD NOT DISCLOSED AGRIC ULTURAL INCOME IN THE RETURN OF INCOME , WE ARE OF CONSIDERED VIEW THAT NON - DISCLOSURE OF MEAGER INCOME FROM AGRICULTURE ACTIVITIES IN THE RETURN OF INCOME DOES NOT LEAD TO A CONCLUSION THAT THE LAND WAS NOT USED FOR CULTIVATION IN THE RELEVANT PERIOD. THE HONBLE JURISDICTIONAL HIGH COURT IN THE CASE OF COMMISSIONER OF INCOME TAX VS. SMT. DEBBIE ALEMAO (SUPRA) HAS HELD THAT WHERE THE ASSESSEE HAD EXPLAINED THAT THE AGRICULTURAL INCOME DERIVED WAS BARELY SUFFICIENT TO MAINTAIN THE LAND , AND HENCE WAS NOT DI SCLOSED IN THE RETURN OF INCOME, CANNOT BE A GROUND TO HOLD THAT LAND WAS NOT USED FOR THE AGRICULTURE PURPOSE. 8 ITA NO . 1045/PUN/2016, A.Y. 2011 - 12 7. THE HONBLE BOMBAY HIGH COURT IN THE CASE OF COMMISSIONER OF INCOME TAX VS. DHABLE, BOBDE, PAROSE, KALE, LUTE & CHOUDHARY (SUPRA) IN A CASE WHERE THE DEPARTMENT INTENDED TO TAX THE PROCEEDS FROM SALE OF LAND AS BUSINESS INCOME , WHEREAS THE ASSESSEE HAD CLAIMED THAT THE LAND DOES NOT FALL WITHIN THE AMBIT OF CAPITAL ASSET U/S. 2(14) HAS HELD THAT THE ONUS OF PROVING THAT THE LAND FORMED PART OF THE BUSINESS ASSETS OF THE ASSESSEE WAS ON THE DEPARTMENT . IN THE PRESENT CASE, WE FIND THAT EXCEPT FOR THE LAND TRANSACTIONS IN QUESTION, NO OTHER EVIDENCE HAS BEEN BROUGHT ON RECORD BY THE REVENUE TO SUBSTANT IATE THAT THE ASSESSEE WAS ENGAGED IN THE BUSINESS OF TRADING IN LANDS. THE ASSESSING OFFICER IN REMAND REPORT HAS MADE A CATEGORIC OBSERVATION THAT THE LANDS DO NOT CONSTITUTE C APITAL A SSET WITHIN THE MEANING OF SECTION 2(14) OF THE ACT. MERELY FOR THE REASON THAT THE ASSESSEE HAD SOLD THE THREE PARCELS OF LAND WITHIN A SHORT DURATION FROM THE DATE OF ACQUISITION , WOULD NOT LEAD TO A CONCLUSION THAT THE ASSESSEE HAD HELD THE LAND FOR BUSINESS TRANSACTION. IN THE FACTS AND DOCUMENTS ON RECORD, WE SEE NO REASON TO HOLD THAT THE LAND S COMPRISING IN S. NO. 37/2, 37/4 AND 37/5 ARE THE BUSINESS ASSETS OF THE ASSESSEE. THE AFORESAID AGRICULTURAL LANDS ARE NEITHER CAPITAL ASSETS AS DEFINED U/S. 2(14) OF THE ACT. THE DOCUMENTS ON RECORD CLEARLY SHOW THAT THE LA NDS IN QUESTION ARE AGRICULTURE LANDS, HENCE, EXEMPT FROM TAX. ACCORDINGLY, GROUND NOS. 1 AND 2 OF THE APPEAL ARE ALLOWED. 8 . IN GROUND NO. 3 OF APPEAL, THE ASSESSEE HAS CLAIMED THAT THE COMMISSIONER OF INCOME TAX (APPEALS) HAS ERRED IN DIRECTING THAT THE AMOUNT TO BE EXEMPTED IN RESPECT OF LAND COMPRISING IN GAT NO. 37/6 IS RS.25,85,147/ - INSTEAD OF RS.26,56,000/ - . IN PRINCIPLE THE RELIEF HAS BEEN ALLOWED BY COMMISSIONER OF INCOME TAX (APPEALS) HOLDING THE LAND IN GUT NO. 37/6 AS AGRICULTURE LAND EXEM PT FROM TAX. FOR THE PURPOSE OF 9 ITA NO . 1045/PUN/2016, A.Y. 2011 - 12 ASCERTAINING CORRECT AMOUNT TO BE ALLOWED AS EXEMPT, THE GROUND NO. 3 OF THE APPEAL IS RESTORED TO THE FILE OF ASSESSING OFFICER. THE ASSESSING OFFICER AFTER ASCERTAINING THE CORRECT AMOUNT SHALL ALLOW THE RELIEF, ACCORDINGLY. THUS, GROUND NO. 3 OF THE APPEAL IS ALLOWED FOR STATISTICAL PURPOSE. 9 . THE GROUND NO. 4 IS GENERAL IN NATURE, HENCE, REQUIRES NO ADJUDICATION. 1 0 . IN THE RESULT, THE APPEAL OF ASSESSEE IS ALLOWED IN THE TERMS AFORESAID. ORDER PRONOUNCED ON MONDAY, THE 22 ND DAY OF APRIL, 2019. SD/ - SD/ - ( . /D. KARUNAKARA RAO ) ( / VIKAS AWASTHY) / ACCOUNTANT MEMBER / JUDICIAL MEMBER / PUNE; / DATED : 22 ND APRIL, 2019 RK / COPY OF THE ORDER FORWARDED TO : 1. / THE APPELLANT. 2. / THE RESPONDENT. 3. ( ) / THE CIT(A) - 2, NASHIK 4. THE PR. COMMISSIONER OF INCOME TAX - 2, NASHIK 5. , , , / DR, ITAT, A BENCH, PUNE. 6. / GUARD FILE. / / // TRUE COPY// / BY ORDER, / PRIVATE SECRETARY, , / ITAT, PUNE