MAN Diesel & Turbo India Private Ltd., Aurangabad V. Assistant Commissioner of Income tax, Aurangabad

ITA 1049/PUN/2017

• Counselvise Citation: [2019] 112 COUNSELVISE.COM (IT) 2112 (ITAT-PUNE)
• Duration Of Justice: 2 year(s) 7 month(s) 13 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-12-2019
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: C
• Next Hearing Date: 11-11-2019
• Assessment Year: 2012-2013
• Appeal Filed On: 26-04-2017
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: C OF
• Keywords: Transfer pricing; International transaction
• Section: 10B; 144C; 13

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH C, PUNE BEFORE SHRI R.S. SYAL, VICE PRESIDENT AND SHRI PARTHA SARATHI CHAUDHURY, JUDICIAL MEMBER . / ITA NO.1049/PUN/2017 / ASSESSMENT YEAR : 2012-13 MAN DIESEL & TURBO INDIA PRIVATE LIMITED, E-73, MIDC, WALUJ, AURANGABAD 431 136 PAN : AAACM0320L VS. ACIT, CIRCLE-1 AURANGABAD APPELLANT RESPONDENT / ORDER PER R.S.SYAL, VP : THIS APPEAL BY THE ASSESSEE IS DIRECTED AGAINST THE FINAL ASSESSMENT ORDER DATED 28-02-2017 PASSED BY THE ASSESS ING OFFICER (AO) U/S.143(3) R.W.S.92C & 144C OF THE INCOME-TAX ACT, 1961 (HEREINAFTER CALLED THE ACT) IN RELATION TO THE ASSESSMENT YE AR 2012-13. 2. BRIEFLY STATED, THE FACTS OF THE CASE ARE THAT THE ASSESSE E WAS INCORPORATED IN THE YEAR 1989 AND IS A PART OF MAN DIESEL & TURBO GROUP, WHICH IS A WORLD MARKET LEADER FOR LARGE DIESEL ENG INES FOR ASSESSEE BY SHRI DINESH SUPEKAR REVENUE BY SHRI T. VIJAYA BHASKAR REDDY DATE OF HEARING 06-12-2019 DATE OF PRONOUNCEMENT 09-12-2019 ITA NO.1049/PUN/2017 MAN DIESEL & TURBO INDIA PVT. LTD., 2 USE IN SHIPS AND POWER STATIONS. THE ASSESSEE, AN INDIAN COMPANY, IS ENGAGED IN THE TRADING OF SPARE PARTS, INSTALLATION/ERECTION AND COMMISSIONING OF DG SETS AND IS ALSO ACTING AS A COMMISSION AGENT BY FACILITATING THE SALES OF DG SETS ON BEHALF OF ITS ASSOCIATED ENTERPRISES (AES). EARLIER, THE ASSESSEE WAS ENGAGED ON LY IN TRADING OPERATIONS BUT IN THE PRECEDING YEAR, A MANUFACTURING UNIT C AME TO BE SET UP BY IT, WHICH BECAME OPERATIONAL FOR SOME TIME OF THE PRECEDING YEAR. THE INSTANT YEAR IS THE FULL FIRST YEAR OF THE ASSESSEES MANUFACTURING OPERATIONS. THE ASSESSEE FILED ITS RETURN DECLARING TOTAL INCOME OF RS.10,46,63,900/-. CERTAIN INTERNATIO NAL TRANSACTIONS WERE REPORTED IN FORM NO.3CEB. THE AO MADE A REFERENCE TO THE TRANSFER PRICING OFFICER (TPO) FOR DETER MINING THE ARMS LENGTH PRICE (ALP) OF THE INTERNATIONAL TRANSACTIONS. FO R BENCHMARKING, THE ASSESSEE CLUBBED ALL THE INTERNATIONAL TRANSACTIONS CONCERNING THE MANUFACTURING AND TRADING SEGMEN TS EXCEPT DESIGN ENGINEERING SERVICES. THE TPO OBSERVED FRO M THE TRANSFER PRICING STUDY REPORT THAT THE ASSESSEE CLAIMED TO H AVE INCURRED LOSSES IN THE PRODUCTION ACTIVITY FOR WHICH IMPORT OF RAW MATERIAL WAS MADE FROM ITS AES AND SALE OF DIESEL ENGINES W AS ALSO MADE TO THE AES. HE DID NOT ACCEPT THE AGGREGATION OF DISTR IBUTION AND PRODUCTION SEGMENTS FOR THE PURPOSE OF BENCHMARKING. IT WAS ITA NO.1049/PUN/2017 MAN DIESEL & TURBO INDIA PVT. LTD., 3 OPINED THAT BOTH THE DISTRIBUTION AND PRODUCTION SEGMENTS OUGHT TO HAVE BEEN BENCHMARKED SEPARATELY. THEREAFTER, HE PROC EEDED TO BENCHMARK THE INTERNATIONAL TRANSACTION OF MANUFACTURING SEGMENT, IN WHICH THE ASSESSEE HAD REPORTED LOSS AT THE RATE OF (-)7.79%. THE TPO SELECTED TWO COMPANIES AS COMPARABLE GIVING THEIR AVERAGE OP/OC AT 9.38%. CONSIDERING SUCH PROFIT MARG IN AS A BENCHMARK, HE PROPOSED TRANSFER PRICING ADDITION OF RS.3,25,27,859/-. THE AO PASSED THE DRAFT ORDER WITH TH E ABOVE ADDITION. THE ASSESSEES CONTENTION BEFORE THE DISPUTE RES OLUTION PANEL (DRP) FOR AGGREGATION OF THE DISTRIBUTION AND PRODUCTION SEGMENTS WAS REPELLED. HOWEVER, THE DRP GOT CONVINCED WITH THE ASSESSEES SUBMISSION ON INCLUSION OF ONE MORE COMPANY, NAMELY, UMS TECHNOLOGIES LTD. (ENGINE SEGMENT), WHICH HAD THE EFFECT OF REDUCING THE AMOUNT OF TRANSFER PRICING ADDITION TO RS.2,74, 71,715/-, WHICH HAS BEEN ASSAILED IN THE INSTANT APPEAL. 3. WE HAVE HEARD THE RIVAL SUBMISSIONS AND GONE THROUGH TH E RELEVANT MATERIAL ON RECORD. THOUGH THE ASSESSEE HAS RAIS ED FIVE GROUNDS, BUT THE THRUST OF THE ARGUMENTS OF THE LD. AR WAS ONLY TO THE AGGREGATION OF PRODUCTION AND DISTRIBUTION SEGMENTS. WE HA VE GONE THROUGH THE STATEMENT OF PROFIT AND LOSS OF THE ASSESSEE FOR THE ITA NO.1049/PUN/2017 MAN DIESEL & TURBO INDIA PVT. LTD., 4 YEAR UNDER CONSIDERATION, A COPY OF WHICH HAS BEEN PLAC ED AT PAGE 106 ONWARDS OF THE PAPER BOOK. TOTAL `REVENUE FROM OP ERATIONS STANDS AT RS.78.94 CRORE, WHOSE BIFURCATION HAS BEEN GIVE N IN NOTE NO. 19. IN ADDITION TO COMMISSION INCOME AND REVENUE FROM SALE OF SERVICES, THE ASSESSEE EARNED REVENUE FROM SALE OF FINISHED GOODS AT RS.18.03 CRORE (I.E. MANUFACTURING SEGMENT) AND REVENUE FROM TRADED GOODS AT RS.30.20 CRORE (I.E. TRADING SEGM ENT). WHEREAS THE ASSESSEE WANTS AGGREGATION OF ITS MANUFACTURING AND TRADING SEGMENTS, THE TPO HAS SEGREGATED THEM AND MADE TRA NSFER PRICING ADJUSTMENT IN THE MANUFACTURING SEGMENT BY CONSIDERIN G OPERATING REVENUES THEREFROM AT RS.18.23 CRORE. THE LD. AR SUBMITTED THAT THE DIFFERENCE IN TWO FIGURES, NAMELY, RS.18.0 3 CRORE AND RS.18.23 CRORE IS BECAUSE OF EXCLUSION OF TAXES FRO M THE FORMER. 4. IT IS AN ADMITTED POSITION THAT SALE OF FINISHED GOODS IN THE MANUFACTURING SEGMENT AT RS.18.03 CRORE REPRESENTS EXPO RTS OF DIESEL ENGINES MADE EXCLUSIVELY TO THE AES, IN WHICH THE ASSES SEE HAS SHOWN LOSS. IN SO FAR AS THE SALE OF TRADED GOODS IN THE TRADING SEGMENT IS CONCERNED, IT CONSISTS ONLY OF SALE OF SPARE PA RTS TO THIRD PARTIES IN INDIA, IN WHICH THE ASSESSEE HAS SHOWN PROFIT. THE VIEW POINT CANVASSED BY LD. AR IS THAT THERE IS A CLOSE LINK BETWEEN THE ITA NO.1049/PUN/2017 MAN DIESEL & TURBO INDIA PVT. LTD., 5 SALE OF DIESEL ENGINES AND SALE OF SPARE PARTS BECAUS E IT IS ONLY WITH THE HELP OF TRADED GOODS, NAMELY, SPARE PARTS THAT THE ASSESSEE CAN SURVIVE IN THE YEARS TO COME BY PROVIDING PARTS OF THE DIESEL ENGINES SOLD BY IT AS AND WHEN GETTING FAULTED. IT WAS, THER EFORE, URGED THAT BECAUSE OF THE CLOSE NEXUS BETWEEN THE SALE OF DIESEL ENGINES MANUFACTURED BY THE ASSESSEE AND SALE OF THE RELA TED SPARE PARTS TRADED BY THE ASSESSEE, BOTH SHOULD BE AGGREGATED FOR THE PURPOSE OF BENCHMARKING. 5. SECTION 92(1) OF THE ACT PROVIDES THAT ANY INCOME ARISING F ROM AN INTERNATIONAL TRANSACTION SHALL BE COMPUTED HAVING REGARD TO THE ARMS LENGTH PRICE. SECTION 92C(1) PROVIDES FOR THE COMP UTATION OF THE ALP AND MANDATES TO FOLLOW ONE OF THE PRESCRIBED M ETHODS AS THE MOST APPROPRIATE METHOD, WHICH, INTER ALIA, INCLUDE THE TNM METHOD, AS HAS BEEN APPLIED BY THE ASSESSEE ON AGGREGATE BASIS AND THE TPO ON SEGREGATE BASIS. THE TERM TRANSACTION HAS BEEN DEFINED IN SECTION 92F(V) TO INCLUDE AN ARRANGEMENT OR UNDERSTANDING OR ACTION IN CONCERT, WHETHER OR NOT SUCH AR RANGEMENT ETC. IS REDUCED IN WRITING OR IS INTENDED TO BE ENFORCEABLE BY LEGAL PROCEEDING. THE MECHANISM FOR DETERMINATION OF THE ALP UN DER THE TNMM HAS BEEN PROVIDED IN RULE 10B(1)(E) OF THE IN COME-TAX ITA NO.1049/PUN/2017 MAN DIESEL & TURBO INDIA PVT. LTD., 6 RULES, 1962. THE TERM TRANSACTION HAS BEEN DEFINED IN RULE 10A(D) AS INCLUDING A NUMBER OF CLOSELY LINKED TRANSACTIONS . WHEREAS THE DEFINITION OF THE TERM `TRANSACTION IN SECTION 92F( V) IS MEANT FOR IDENTIFYING A TRANSACTION, THE TERM `TRANSACTION IN RULE 10A(D) IS MEANT FOR DETERMINING THE ALP OF INTERNATIONAL TRANSACTION UNDER THE RELEVANT RULES. 6. IN THE PRESENT CONTEXT, WE ARE CONCERNED ONLY WITH THE DEFINITION OF `TRANSACTION AS GIVEN IN RULE 10A(D). IT, THEREF ORE, BOILS DOWN THAT IN SO FAR AS THE DETERMINATION OF THE ALP UN DER THE MACHINERY OF COMPUTATION UNDER THE METHODS AS GIVEN IN RULE 10B IS CONCERNED, THE TERM TRANSACTION ALSO INCLUDES A PLURAL OF TRANSACTIONS. HOWEVER, THE CAVEAT IS THAT IN ORDER TO BE AGG REGATED WITHIN THE TERM TRANSACTION UNDER RULE 10A(D), IT IS SINE QUA NON THAT SUCH NUMBER OF TRANSACTIONS MUST BE CLOSELY LINKED. IF THESE ARE NOT CLOSELY LINKED TRANSACTIONS, THEN THEY CANNOT BE AGGREGATED FOR DETERMINATION OF THE ALP UNDER THE IT RULES. 7. THE MOOT QUESTION IS WHETHER THE TRANSACTIONS OF THE ASSES SEE IN PRODUCTION AND DISTRIBUTION SEGMENTS CAN BE CONSTRUED AS CLOSELY LINKED TRANSACTIONS? AT THE COST OF REPETITION, IT IS MENTIONED THAT WHEREAS THE PRODUCTION SEGMENT COVERS THE FULL ITA NO.1049/PUN/2017 MAN DIESEL & TURBO INDIA PVT. LTD., 7 DIESEL ENGINES MANUFACTURED BY THE ASSESSEE IN INDIA AND E XPORTED TO ITS AES, THE TRADED GOODS SEGMENT COVERS SPARE PARTS PURCHASED BY THE ASSESSEE FROM ITS AE FOR THE PURPOSE OF SALE IN IN DIA TO NON- RELATED PARTIES. THERE IS ANOTHER SIGNIFICANT ASPECT OF THE MATTER. THE ASSESSEE EXPORTED DIESEL ENGINES TO ITS AES AND THERE IS NO SALE OF SPARE PARTS TO THE AES AS THE ENTIRE SALE OF SPARE PARTS IS IN INDIA TO THE THIRD PARTIES. IT IS ONLY THE IMPORT OF SUCH SPARE PARTS , WHICH HAS BEEN OCCASIONED FROM THE AES. IT IS ERGO EVIDENT TH AT THE SALE OF TRADED SPARE PARTS DOES NOT EXTEND TO ITS CUSTOMERS TO WHO M THE GOODS MANUFACTURED BY IT WERE SOLD. IN OUR CONSIDERED O PINION, THE TWO SETS OF THE TRANSACTIONS, CAN BY NO STRETCH OF IMAGINATIO N, BE CONSIDERED AS CLOSELY LINKED TRANSACTIONS . THE MERE FACT THAT SPARE PARTS SOLD BY THE ASSESSEE IN INDIAN MARKET WOULD BE OF SO ME HELP IN SUBSEQUENT YEARS WHEN THE MANUFACTURED DIESEL ENGINES WO ULD REQUIRE SERVICING, CANNOT NOW MAKE THE TRANSACTIONS AS CLOSELY LINKED TRANSACTIONS , SO AS TO COME UP FOR CONSIDERATION IN AN AGGREGATE MANNER. 8. IN ONE SENSE, CLOSELY LINKED TRANSACTIONS MEANS SIMILA R OR ALIKE TRANSACTIONS OF PURCHASE OR SALE ETC. OF GOODS OR SERVICE S. TO PUT IT SIMPLY, IF THERE ARE SEVERAL INTERNATIONAL TRANSACTIONS OF, SA Y, ITA NO.1049/PUN/2017 MAN DIESEL & TURBO INDIA PVT. LTD., 8 PURCHASE OF SIMILAR GOODS OR WITH SOME VARIATIONS, THEN INSTE AD OF FINDING THE ALP OF SUCH INTERNATIONAL TRANSACTIONS SEPARATELY, IF THESE ARE COMBINED AND BENCHMARKED IN AN AGGREGATE MANN ER, IT SATISFIES THE PRESCRIPTION OF CLOSELY LINKED TRANSACTIONS. THE HO NBLE PUNJAB & HARYANA HIGH COURT IN KNORR BREMSE INDIA (P) LTD. VS. ACIT (2016) 380 ITR 307 (P&H) CONSIDERED THE QUESTION OF AGGREGATION OF INTERNATIONAL TRANSACTIONS IN ANOTHER SENSE. THEIR LORDSHIPS HELD THAT SEVERAL TRANSACTIONS BETWEEN TWO OR MOR E AES CAN FORM A SINGLE COMPOSITE TRANSACTION IF THEY ARE CLOSELY LINK ED TRANSACTIONS AND THE ONUS REMAINS ALWAYS ON THE ASSESSEE TO ESTABLISH THAT SUCH TRANSACTIONS WERE PART OF AN INTERNATIONAL TRANSACTION PURSUANT TO AN UNDERSTANDING BETWEEN VARIOUS ME MBERS OF A GROUP. THE HONBLE HIGH COURT OBSERVED THAT IN CAS E OF A PACKAGE DEAL WHERE EACH ITEM IS NOT SEPARATELY VALUED BUT ALL ARE GIVEN A COMPOSITE PRICE, THESE ARE TO BE TAKEN AS ONE INTE RNATIONAL TRANSACTION. FURTHER, WHERE A NUMBER OF TRANSACTIONS ARE PR ICED DIFFERENTLY BUT ON THE UNDERSTANDING THAT THE PRICING WAS DEPEN DENT UPON THE ASSESSEE ACCEPTING ALL OF THEM TOGETHER (I.E. EITHER TAKE ALL OR LEAVE ALL), THEN ALSO IT IS ONE INTERNATIONAL TRANSACTION. IN TH AT CASE, IT WILL BE ON THE ASSESSEE TO PROVE THAT ALTHOUGH EACH IS PRICED SEPARATELY, BUT THEY WERE PROVIDED UNDER ONE COMPOSITE AG REEMENT. ITA NO.1049/PUN/2017 MAN DIESEL & TURBO INDIA PVT. LTD., 9 IT STILL FURTHER HELD THAT AGGREGATION CAN BE DONE WHEN ALBEIT EA CH TRANSACTION IS PRICED DIFFERENTLY, BUT THEY ARE SO INEXTRICABLY LIN KED THAT ONE CANNOT SURVIVE WITHOUT OTHER. 9. WHEN WE TEST THE FACTS OF THE INSTANT CASE ON THE TOUCHSTO NE OF THE PRINCIPLES ENUNCIATED BY THE HONBLE HIGH COURT, IT BECOMES OVERT THAT THE TRANSACTIONS OF PRODUCTION AND DISTRIBUTION SEGMEN TS CANNOT BE CLUBBED BECAUSE IT IS NEITHER A CASE OF PACKAGE DEAL NOR THE TWO SETS OF TRANSACTIONS ARE STRUCTURED IN SUCH A MANNER THAT THE ASSESSEE HAS NO OPTION TO ACCEPT ONE AND REJECT THE OTHER N OR THEY ARE SO INEXTRICABLY LINKED THAT ONE CANNOT SURVIVE WITHOUT OTHER. IN FACT, IN ALL THE EARLIER YEARS, THE ASSESSEE WAS EXCLUSIVELY IN THE TRADING OF COMPONENTS AND THE MANUFACTURING ACTIVITY STARTED AT THE FAG EN D OF THE PRECEDING YEAR ONLY. 10. THE ASSESSEE IN MAGNETI MARELLI POWERTRAIN INDIA PVT. LTD. VS. DCIT (2016) 389 ITR 469 (DELHI) ENTERED INTO AGREEMENT WITH ITS A.E. FOR ACQUIRING TECHNOLOGY REQUIRED FOR THE PURPOS E OF MANUFACTURING. IT APPLIED THE TNMM TO BENCHMARK ITS INTERNATI ONAL TRANSACTIONS OF IMPORT OF RAW MATERIALS, SUB-ASSEMBLIES AND COMPONENTS, PAYMENT OF TECHNICAL ASSISTANCE FEES, PAYMENT O F ROYALTY, PAYMENT OF SOFTWARE AND PURCHASE OF FIXED ASSE TS. ALL THESE ITA NO.1049/PUN/2017 MAN DIESEL & TURBO INDIA PVT. LTD., 10 WERE CATEGORIZED UNDER ONE BROAD HEAD, THAT IS, MANUFAC TURING OF AUTOMOTIVE COMPONENTS AND SHOWN TO BE AT ALP. THE TPO REJECTED THE ASSESSEES ENTITY LEVEL APPROACH APPLIED TO BENC HMARK THE INTERNATIONAL TRANSACTIONS INCLUDING TECHNICAL ASSISTANCE FEES AND PROCEEDED TO DETERMINE THE ALP OF THE TECHNICAL ASSISTA NCE FEES SEPARATELY. THE TRIBUNAL APPROVED THE TPOS STAND ON SEGREGATION OF PAYMENT OF TECHNICAL ASSISTANCE FEE. THE H ONBLE DELHI HIGH COURT ADMITTED THE QUESTION IN THIS REGARD - `WHETHER THE INCOME TAX APPELLATE TRIBUNAL WAS RIGHT IN HOLDING THAT ROYA LTY AND TECHNICAL ASSISTANCE FEE DID NOT FORM PART OF A COMPOSITE TRANSACTION AND HAVE TO BE TREATED AS TWO SEPARATE TRANSACTION S FOR THE PURPOSE OF BENCHMARKING AND COMPUTING ARMS LENGTH PRIC E? ANSWERING THIS QUESTION AGAINST THE ASSESSEE, THE HONBLE HIGH COURT COUNTENANCED THE VIEW OF THE TRIBUNAL THAT AGGREGATION OF THE TRANSACTION OF PAYMENT OF TECHNICAL FEES WITH OTHER INTERNATION AL TRANSACTIONS UNDER THE COMMON TNMM, WAS NOT CORRECT. RE STORING THE MATTER TO THE TPO/AO, IT HELD THAT THE TNMM SHOULD BE SEPARATELY APPLIED FOR DETERMINING THE ALP OF THE INTERNATIONAL TRANSACTION OF PAYMENT OF TECHNICAL FEE. ITA NO.1049/PUN/2017 MAN DIESEL & TURBO INDIA PVT. LTD., 11 11. WE NOTE THAT THE FACTS OF THE EXTANT CASE ARE ON A RATHE R WEAK FOOTING. IN THAT CASE, THE HONBLE HIGH COURT DID NOT APPROV E THE CLUBBING OF `TECHNICAL FEES WITH OTHER TRANSACTIONS UNDER THE MANUFACTURING SEGMENT AS WITHOUT TECHNICAL KNOW-HOW EVEN THE PRODUCTION COULD NOT HAVE BEEN POSSIBLE. INSTANTLY, WE ARE DEALING WITH A SITUATION IN WHICH THE ASSESSEE IS TRYING TO CLUB THE TRANSACTION OF PRODUCTION OF FINISHED GOODS WITH TRADING OF SP ARE PARTS, WHICH IS A STEP FURTHER AWAY FROM TECHNICAL KNOW-HO W IN THE PROCESS OF MANUFACTURING. IN VIEW OF THE FOREGOING DISC USSION, IT IS HELD THAT THE AUTHORITIES BELOW WERE FULLY JUSTIFIED IN HOLDING THAT THE MANUFACTURING SEGMENT CANNOT BE AGGREGATED WITH THE DISTRIBUTION SEGMENT AND BOTH NEED TO BE BENCHMARKED INDEP ENDENT OF EACH OTHER. WE, THEREFORE, ACCORD OUR IMPRIMATUR TO THE VIEW CANVASSED BY THE TPO IN REJECTING THE AGGREGATION APPROACH ADOPTED BY THE ASSESSEE. 12. ONCE IT IS HELD THAT THE INTERNATIONAL TRANSACTION OF THE PRODUCTION SEGMENT IS REQUIRED TO BE BENCHMARKED SEPARATELY , THEN THE NEXT QUESTION IS THE DETERMINATION OF THE ALP. THE LD. AR CANDIDLY ADMITTED THAT IF THE AGGREGATION IS NOT TO BE DONE, THEN THERE IS NO FLAW IN THE COMPUTATION OF THE ALP AND THE ITA NO.1049/PUN/2017 MAN DIESEL & TURBO INDIA PVT. LTD., 12 CONSEQUENTIAL TRANSFER PRICING ADDITION IN THE FINAL ASSESSMENT O RDER. WE, THEREFORE, UPHOLD THE TRANSFER PRICING ADDITION OF RS.2,74,71,715/- IN THE INTERNATIONAL TRANSACTION OF PRODUCTIO N SEGMENT. 13. IN THE RESULT, THE APPEAL IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON 09 TH DECEMBER, 2019. SD/- SD/- (PARTHA SARATHI CHAUDHURY) (R.S.SYAL) JUDICIAL MEMBER VIC E PRESIDENT PUNE; DATED : 09 TH DECEMBER, 2019 / COPY OF THE ORDER IS FORWARDED TO : 1. / THE APPELLANT; 2. / THE RESPONDENT; 3. THE CIT(A)-13, PUNE 4. 5. 6. THE PR.CIT-V, PUNE , , C / DR C, ITAT, PUNE; / GUARD FILE. / BY ORDER, // TRUE COPY // SENIOR P RIVATE SECRETARY , / ITAT, PUNE ITA NO.1049/PUN/2017 MAN DIESEL & TURBO INDIA PVT. LTD., 13 DATE 1. DRAFT DICTATED ON 06-12-2019 SR.PS 2. DRAFT PLACED BEFORE AUTHOR 09-12-2019 SR.PS 3. DRAFT PROPOSED & PLACED BEFORE THE SECOND MEMBER JM 4. DRAFT DISCUSSED/APPROVED BY SECOND MEMBER. JM 5. APPROVED DRAFT COMES TO THE SR.PS/PS SR.PS 6. KEPT FOR PRONOUNCEMENT ON SR.PS 7. DATE OF UPLOADING ORDER SR.PS 8. FILE SENT TO THE BENCH CLERK SR.PS 9. DATE ON WHICH FILE GOES TO THE HEAD CLERK 10. DATE ON WHICH FILE GOES TO THE A.R. 11. DATE OF DISPATCH OF ORDER. *