ACIT, CHENNAI V. Naresh Prasad Agarwal, CHENNAI

ITA 1485/CHNY/2017

• Counselvise Citation: [2018] 121 COUNSELVISE.COM (IT) 5059 (ITAT-CHENNAI)
• Duration Of Justice: 1 year(s) 19 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 27-06-2018
• Appeal Filed By: Department
• Order Result: Partly Allowed
• Bench Allotted: A
• Next Hearing Date: 18-04-2018
• Assessment Year: 2006-2007
• Appeal Filed On: 07-06-2017
• Result in Favour of: Partly Allowed
• Court: TRIBUNAL
• Keywords: Unexplained cash credit; Peak credit; Proportionate interest; Additional evidence
• Section: 143(3); 142(1); 153A; 131; 68; 132

Judgement Text

- 1 - ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. , , A . . . , ! . '#'$ , % !& ' ] !'#$ / %&%'()%*+#$,# #$#,#$- ./0*.*/ '12 (3 *+*/&***+/ *'% 4$4%*3 .%''*/4$$$5 VS. .%%67()&&//'%+8 '9&%*: %'(+*;/+9;%12 .%''*/4$$$- 5!! 5!5'#$ / %&%'()%*+#$,# #$#,#$- .%/(*'(&&//'%+ 8'9&%*: %'(+*;/+9;%12 .%''*/ VS. ./0*.*/ '12 (3 *+*/&***+/ *'% 4$4%*3 .%''*/4$$$5 [PAN AANCS 9453R] 5<$<<#<-< < <'#$ %&%'()%*+#$$4,$#$$,$!#$$!,$5#$ $5,$#$$, #$,##$#,#$- .+/*+%. +**3=*+>*; *+*/&***+/ *'% 4$4%*3 .%''*/4$$$5 VS. .%%67()&&//'%+8 '9&%*: %'(+*;/+9;%12 .%''*/4$$$- ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 2 -: !*; *+*/&***+/ *'% 4$4%*3 .%''*/4$$$5 & [PAN AADPA 8553H] ( () APPELLANT) ( *+() /RESPONDENT) %%%?) : .+/7+*;/@7&*+*'309*(% .+//33.*+(.%.(* %6*+(&%'(?) : .+/ +*?.77@7'(.+7' A7&*+7'/+(*'3/'=7'%; *(%8%*+/'= : $5,$<,#$! *(%8 +'7'9%&%'( : #,$4,#$! / O R D E R PER ABRAHAM P. GEORGE, ACCOUNTANT MEMBER:- 66%*; 8 (.% *%%% .+/ *=%. +**3 =*+>* ; / 3/+%9(%3*=*/'(*'+3%+3*(%3#!$-#$8;3 &&//'%+8 '9&%*:166%*;2,5.%''*/8+*%&%'()% *+#$$4,$( #$#,#$-%0%'7%.**;8/;%3*66%*;8+*;; (.%%)%*+*=*/'( (.%0%+)*&%+3%+6*+(8+&(.%%(.%+%*+%* 66%*;8/;%3?) ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 3 -: *'(.%+*%%%'*&%3./0*.*/ '1'3/ *2 (3>./9./ *=*/'(*'+3%+3*(%3$#$<#$80%+)*&%;3 &&//'%+8 '9&%*:166%*;28+*%&%'()%*+#$,#$ #*'3#$#, #$-%0%'7%.*8/;%3*66%*;8+(.%%)%*+ *=*/'((./+3%+ *>%;;/'9%*;;(.%*66%*;*'39+*66%*; *+%?*%3'*&% %(88*9((.%%*66%*;*+%3/6%388(.+7= .*9';/3*(%3 +3%+ 2. %8+%*30%+(/'=((.%=+7'3(*@%'?)(.%*% %%*'3 +%0%'7%/'(.%%*66%*;/(>/;;?%*66+6+/*(% (%'9*67;*(%(.% +%;*(%3 8*9( %%% .+/ *+%. +**3 =*+> *; >* (.% 6+6+/%(+ 8 * ?7/'% 9'9%+' 9*;;%3 ./0 *.*/ ' (+*3/'=/'=;3*'3/;0%+?7;;/' +/+((./ .%>*(+*3/'=/' B%>%;;%+)>%0%+/'*;;(.%6+%0/7)%*++%;%0 *'((/&67='%3 *%&%'( )%*+ *%%% >* 3/'= ';) ?7;;/' ?7/'% ' %6(%&?%+#$$(.%?7/'%./(.%+(?%8+%+7'* 6+6+/%(+./6 >*(*@%'0%+?)*;/&/(%39&6*')9*;;%3. /0*.*/ ' 1'3/*2 (3%%%*'3./'.+/*'%.=*+ >*;>%+%3/+%9(+ 8(.%;*((%+9&6*')*/';9*(/'8(.%?7/' %8(.%*%%% >* /' .%''*/ ( .*3 ?+*'9.% /' *;%& /&?*( +% +/9.) *37+*/*/67+.&%3*?*3*'3'3+%A%)6%+''% ;9'379(/'=(.% ?7/'%>%+%*%%%*'3./'.+/*'%.= *+>*;%%% ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 4 -: .+/ *+%. +**3 =*+>*; .*3 +/=/'*;;) 8/;%3 ./ +%(7+' 8+ /&67='%3*%&%'()%*+3%9;*+/'=8;;>/'=/'9 &% %&%'()%*+ &7'( #$$4,$ #-$$ #$$,$! 4$#$5#$ #$$!,$5 #4/'=/'9& % %&%'()%*+ &7'( #$,# #<<4$, #$#,- --5<$, 3. .%+%>**%*+9.7'3%+%9(/'-#8(.%'9&% *: 9(541/'.+((.%CD9(DD2/'(.%6+%&/%8 (.%*%%%' $4$#$# *'3 >.*( .* ?%%' (%+&%3 * * 8;;>,76 %*+9. ' ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 5 -: $#$-#$# 7+7*'( ( (.% %*+9. '(/9% 7< - 8 (.% 9( >%+%/7%3'(.%+%(7+'8/;%367+7*'((79. '(/9%/'9&% +%(7+'%3?)(.%*%%%.+/*+%. +**3=*+>* ;>%+%*7'3%+, %&%'()%*+ &7'( #$$4,$ #-45! #$$,$! 4$#$5 #$$!,$5 #4'?)*%%%./0*.*/ '1' 3/*2 (3/'(.% +%(7+'8/;%367+7*'((79.'(/9%>%+%*7'3% +, %&%'()%*+ &7'( #$,# 1#./9.%*+9.>*9'379(%3*% &%'(6+9%%3/'= >%+% 7'3%+ %9(/' -1-2 8 (.% 9( + *;; (.% (.%+ )%*+ ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 6 -: 6+9%%3/'=8+*%&%'(>./9.*+%7'3%+9.*;;%'= %?%8+%7>%+% 7<-+>-1-28(.%9( 4. 7+/'= (.% %*+9. * .*+3 3/@ >./9. 9'(*/'/'= ?@ 8 *997'(8(.%*%%%*'3(>3/*+/%'7&?%+%3* A ,4*'3E/*+),>%+%%/F%3 (*(%&%'(>%+% +%9+3%38+&.+/*+%. +**3=*+>*;7-#1 28(.%9( 7+/'= (.% 97+% 8 67+7*'( *%&%'( 6+9%%3/'= *%%% 6+379%3 ?@ 8 *997'( /' * 6%' 3+/0% .%% ?@ >%+% &*/'(*/'%3/'(*;;)8(>*+%%%%*;87+'/ .%3*6+/'(7(8 9*.?@G.%'*%%%>*+%H7/+%3(6+379%6 7+9.*%/'0/9% *'3*;%?/;;/(6+379%379.?/;;';)8+(. %6+%0/7+%;%0*'(( *%&%'()%*+#$,#$#(.*((';)8+.%''* /*;%&*'3 /&?*(+%?+*'9.% 3%/'=88/9%+'0%+/ 8/9*(/'8(.%*;% ?/;;/7%3?)(.%*%%%87'3(.*(?/;;+*/ %38+9*.*;%>%+% *( +*(% ?%;> (.% +*(% 8/:%3 ?) *3+* /*&'3 *' 3 %>%;;%+) %+9.*'(9/*(/'1.%+%/'*8(%+CD9/*(/'DD2 I7*'(7&8*;%8 =;3 *'3 /;0%+ ?7;;/' 3'% ?) (.% *%%% 37+/' = (.% +%;%0*'( 6+%0/7)%*+>%+%6+%6*+%3?)(.%;3%/'= 88/9%+79.3*(* *9&6/;%3?)(.%;3%/'=88/9%++%*3*7' 3%+, ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 7 -: &7'(/'++% E ./0*.*/ ''3/* (3 %9+/6(/' $4 , $ $ , $! $! , $5 $5 , $ $ , , # , # # , - *;% <4 ###5 -<5 <$5 5- #4- 4 4!4$ &7'( 4- ! $5 14-!2 < 1#2 5 +*(% $#5 $$! $$5 1$-2 $# 1$2 $- E *;% #5 5 44 4-< <$ 4#- 5#5 $# &7'( 1$!52 4 1$4-2 !$- $!# <- 1 5-2 +*(% 1$452 $4 1$2 #4 $ $5# 1#$!2 5. 7;@8(.%67+9.*%&*3%?)(.%*%%%>%+% 8+ & %(*;*'3/'%+*;+*3/'=+6+*(/'1.%+%/' *8(%+CDDD2*'3 (*(% +*3/'= +6+*(/' 1.%+%/'*8(%+ CDDD2 + %88%9(/'= 67+9.*%*%%%3%6/(%3(.%6+/9%8(.%= ;3*'3/;0%+?7;;/' +%H7/+%3>/(./'*30*'9%6;*9%379. 7&/'8/:%3 3%6/(>/(.?*'@'(.%%97+/()879.8/:%3 3%6/( /7%3;%((%+89+%3/(8+/&6+(/'==;3 *)& %'(37%'(.% ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 8 -: /&6+(>%+%&*3%(.+7=.(.%%;%((%+89+%3/( *(%+(.%%9+%3/( >%+%H7*+%376?)7/'=(.%6+9%%38(.%8 /:%33%6/( +&(.%/'(%+%(%*+'%3'79.8/:%33%6/( &%((.% %:6%'%+%;*(/'=((.%/&6+(*'3.*+%3(.%7+ 6;7>/(.*%%% *'3/((.%+97(&%++%3/(+%9%/0%3?)(.%* %%%*.*+%8 79.7+6;7>*@'>'*?7)%+9+%3/( 6. *;+%*3)&%'(/'%3*(6*+**?0% 3%/'= 88/9%+ 87'3(.*(*%%%>*%;;/'==;3*'3/;0%+?7; ;/'/'9*.*(+*(% ?%;>(.%&*+@%(+*(%8/:%3?)(.%9/*(/' 3%/'=88/9%+ *'*;)F%3(.%*;%%88%9(%3?)(.%*%%%*'39; */8/%3/(/'( (.+%%9*(%=+/%.%%>%+%9*.*;%*;%( B%>%;%+*'3*;% ((.%+6%+(.%;3%/'=88/9%+(.7=. *%%%&%'(/'%3 ';)(>9*(%=+/%8*;%/%9*.*'39+%3/( *;%/'/(?@ >.*( >* (%+&%3 ?) (.% *%%% * 9+%3/( *;% >%+ % *;% ( B%>%;%+ *'3 *;% ( (.%+ 3 %/'= 88/9% + +%H7/+%3 (.% *%%%(%:6;*/'>.)/(;3?7;;/'/'9*.* (+*(%;>%+(.*(/( *;%(B%>%;%+6%+(.%;3%/'=88/9% ++*(%*(>./9. *%%%;3/'9*.>*;>%+(.*'(.%+*(%*( >./9.*;%>%+% &*3%(B%>%;%+*'3(.%+%>*'=3+%*'8+ 79.0*+/*'9% 3 %/'= 88/9%+ *; 6/'(%3 7( ( (.% *% %% (.*( 3/*+/% %/F%3 *( (.% (/&% 8 %*+9. &%'(/'%3 ?7;;/' ? @/'= *( ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 9 -: +*(%./=.%+(.*'(.%+*(%*(>./9.9*.*;%> %+%&*3% 3 %/'=88/9%+87+(.%+?+7=.((*%%%D '(/9%+*(%87+'/.%3 ?)*'(.%+?7;;/'3%*;%+'*&%3/33.//33./ 7;;/'?*%3/' 7&?*/>./9.>%+%&+%(.*'(.%+*(%*(>./9.* %%%.*3;3 ?7;;/'/'9*.%6;)8*%%%>*(.*(>.*(> %+%&%'(/'%3/' (.%3/*+)>%+%(.%+*(%8+$55567+/()=;3>. %+%*>.*(>%+% ;3?)/(>*$55<67+/()=;37+(.%+*6%+ (.%*%%%/(97;3 H7(% * ;>%+ +*(% 8+ 9*. *;% 9'/3%+/'= (.% ?7)%+ 9+%3/( +%9%/0%3 8+& %%% *; (*(%3 (.*( /( >* 8;;>/'= '3' 7;;/' *+@%( 1.%+%/'*8(%+ CD DD2 8+ 8/: /'= +*(% *'3 '( 8;;>/'=*9/*(/'+*(%6%+(.%*%%%( .%+*(%>%+%&0/'= %0%+)&/'7(%*'3>*'%0%+(*(/999+3/'=((. %*%%%/(&*3% /( >' 9*;97;*(/' *'3 *3B7(&%'( 8+ /&6+( 37(/% *'3 (.%+ %:6%'%>./;%8/:/'=(.%+*(% 7. >%0%+;3%/'=88/9%+3/3'(?7)*')8 (.%*?0% *+=7&%'(8*%%%%+%B%9(%3*%%%D9'( %'(/'(.*(;>%+ +*(% 8+ 9*. *;% >%+% 37% ( ?7)%+ 9+%3/( + 37% ( +*(% 3/88%+%'9%'*997'(83/6*+/()/'67+/() 3 %/'=88/9%+*; 3/3'(*99%6((.%9'(%'(/'8(.%*%%%(.*( /(>*=7/3%3?) +*(%99+3/'=((.%;3%/'=88/9%+ (.%9*(%=+/%8 ?/;;/'=3'%?)(.%*%%%>%+%*7'3%+, ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 10 -: (A) CASH BILLS SALES MADE BY COLLECTING CASH WHICH IS ENTERED IN THE CASH BOOK. NAMES OF CUSTOMERS ARE NO T RECORDED IN THESE BILLS. (B) BILLS IN THE NAMES OF JEWELLERS SALES BILLS ISS UED IN THE NAME OF JEWELLERS BY TAKING MONEY OTHERWISE THA N BY CASH. E.G. RTGS, BANK TRANSFER, ETC. (C) OTHERS SALES BILLS CONTAINING ONLY THE NAMES AND STATIONS OF PURCHASERS, OR BLANK BILLS OR WITH THE WORD CREDIT/CHEQUE SALES, ETC, FOR WHICH CASH HAS NOT C OME INTO THE CASH BOOK DIRECTLY. E.G DIRECT DEPOSIT OF CASH IN ASSESSEES BANK ACCOUNT, ETC. 7+(.%+*6%+(.%;3%/'=88/9%+*%% %./&%;8.*3(*(%3 (.*(6*)&%'(>%+%&*3%?)/(97(&%+?%8+%3% ;/0%+)*'3(.%+% >%+%'9+%3/(*;%/'/(;/'%8?7/'%.7 *99+3/'=(;3 %/'=88/9%+*%%%/(%;8'%0%+&*3%*') 3/(/'9(/'?%(>%%' *;%8+9*.*'3*;%(B%>%;%+6%+(.% ;3%/'=88/9%+ *;%(B%>%;%+(.7=.9;*/8/%3?)(.%*%% %*9+%3/(*;% >%+%'(*9(7*;;)9+%3/(*;%?7(*;%*=*/'(+ %9%/6((.+7=.?*'@ %;)/'='(.%(*(%&%'(8'%.+/E/B*)*?*?7> .>*>+@/'=* * *;% 9;%+@ 8 (.% *%%% ;3 %/'= 88/9% + 9*&% ( * 9'9;7/'(.*((.%?7/'%8(.%*%%%>*6% +'*;;)9'(+;;%3 ?) (.% *%%% *'3 ./ ' *'3 (.%) .*3 67+6%87; ;) @%6( (.%/+ %&6;)%%?;/0/78(.%+*(%*(>./9.=;3>* ;37+(.%+* 6%+(.% 3%/'=88/9%+*;%*:*7(.+/(/% .*3/7%3*.> 9*7%'(/9%'#$##$#6/'(/'=7((.%+*(% 3/6*+/()?%(>%%' *;%%88%9(%3/'9*.*'3*;%&*3%(B%>%;%+ 99+3/'=((.% ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 11 -: ;3%/'=88/9%+*6*+(8+&(.%*?0%*'& *;/%*%%%*; 6*/39&&//'(8%>?+@%+>./9./'3/9*(%3./= .%+6+8/(&*+=/' (.*'>.*(>**3&/((%3/'(.%?@8*997'( 7+(.%+*6%+ (.% ;3 %/'= 88/9%+ *%%% .*3 @'>/'=;) 3%/(%3 8+& 6+379/'=(.%3/*+)8+)%*+6+/+(*%&%'( )%*+#$,#$# '9;7/' 8 (.% ;3 %/'= 88/9%+ >/(. +%=*+ 3 ( (.% *;% %88%9(%3?)(.%*%%%**66%*+/'=*(6*+* !8./+3%+/ +%6+379%3.%+%7'3%+, (I) ASSESSEE HAS NOT REPLIED TO THE ADIT (LNV.)S LETTER DATED 28-5-2012 FURNISHING INSTANCES OF BILLING BELOW ASS OCIATION RATE (II) ASSESSEE HAS MISLED THE DEPT. REGARDING SALES TAX SHOW CAUSE NOTICE (III) ASSESSEE HAS MISLED THE DEPT. REGARDING HIGH LOW SELLING RATES (IV) ASSESSEE HAS NOT PRODUCED THE DIARY FOR 5 YEAR S INCLUDING FOR 2012 (V) ASSESSEE HAS FURNISHED LIMITED BILLING DATA, IN NON- ANALYSABLE FORMAT, DURING THE LAST FORTNIGHT OF MAR CH (VI) ASSESSEE HAS MANIPULATED THE ALLOCATION OF EXP ENSES IN A.Y. 2009-10 TO PREVENT PROBE INTO GROSS LOSS IN GO LD (VII) ASSESSEE HAS MANIPULATED IN PREPARING THE BIL L-DIARY MATCHING CHART FOR JULY 2011 (VIII) ASSESSEE IS MANIPULATING ITS SALES BILLS TO CIRCUMVENT THE PROVISIONS OF SEC.139A (IX) SALES TAX AUTHORITIES HAVE FOUND THAT HIS METH OD OF RAISING THE TAX INVOICE IS DEFEATING THE OBJECT AND REASONS OF INTRODUCTION OF TAMIL NADU VALUE ADDED TAX ACT ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 12 -: (X) SALES THX AUTHORITIES HAVE FOUND THAT HIS GP IS LESS THAN NORMAL GP IN BULLION TRADE (XI) SALES TAX AUTHORITIES HAVE FOUND THAT HIS SELL ING RATES ARE BELOW PURCHASE RATES (XII) THE ACCOUNTS MANAGER IN SALEM HAS ADMITTED TH AT NO BILLS ARE ISSUED FOR CASH SALES (XIII) FOR SALES IN BRANCHES, BILLS ARE PREPARED IN CHENNAI (XIV) CUSTOMERS IN SALAM HAVE TO CALL UP MR. GANESH AGARWAL IF THEY WANT BILLS (XV) CUSTOMERS IN CHENNAI HAVE TO WAIT TILL THE BIL LING CLERK COMES AT 11-30 AM, TO GET THE BILL FOR THE PURCHASE S THEY HAVE MADE EARLIER THROUGH MR. GANESH AGARWAL WHO CO MES AT 9.00 AM. (XVI) THE RATES AT WHICH COMMISSION IS PAID FOR SAL ES ARE MUCH MORE THAN HIS OWN PROFIT RATES (XVII) MANY CASH BILLS MEANT FOR CUSTOMERS ISSUED M ONTHS AGO WERE FOUND IN OFFICE AND SEIZED (XVIII) IT WAS ADMITTED THAT THE UNCOLLECTED CUSTOM ERS BILLS WILL BE FILED ALONG WITH THE OFFICE COPY (XIX) ASSESSEE HAS NOT REPLIED TO THE INSTANCE OF R AISING A BILL FOR RS.990099 DATED 16-12- 2008 WHEN THE ASSOCIATIO N RATE WAS RS. 1193000. (XX) ASSESSEE HAS NOT REPLIED TO THE FOUR BILLS RAI SED WITH ZERO VALUES LISTED IN THE STATEMENT U/S 131 ON 12-3 -2014. (XXI) SINCE ONLY BUSINESSMEN MAKE THE CASH BILL PUR CHASES FROM THE ASSESSEE THEY DO NOT REQUIRE THE BILLS TO CLAIM THEM AS PURCHASES SINCE IT WOULD THEN BE ENTIRELY DISALL OWED U/S 40A(3). (XXII) THERE IS NO DIFFERENCE WHILE FIXING THE RATE S FOR CASH SALES AND CREDIT SALES (SALES TO JEWELLERS AND OTHE RS) (XXIII) THERE IS NO SYSTEM IN THE OFFICE BY WHICH T HE BILLING CLERK CAN KNOW WHAT IS THE CASH COLLECTED FOR EACH AND EVERY CASH BILL PREPARED BY HIM. ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 13 -: (XXIV) BILLING CLERK PREPARES THE BILL AS AND WHEN REQUIRED BY SHRI. GANESH AGARWAL AND AT THE RATES INFORMED BY S HRI. GANESH AGARWAL. (XXV) WHEN THERE IS NO DIFFERENCE BETWEEN THE SELLI NG RATES FOR CASH BILLS AND BILLS TO JEWELERS THERE IS NO RE ASON FOR THE HUGE DIFFERENCE BETWEEN THE AVERAGE BILLING RATE FO R JEWELERS AND CASH BILLS. 8. 3%/'=88/9%+(.%+%*8(%+9'9;73%3(.*(8 7+6(/' >%+%*0*/;*?;%(./&*'3;/(%3(.%&*7'3%+ 1/2 %B%9((.%?@*'3%(/&*(%=+6+8/( 1//2 *@%*=+6+8/(*33/(/' 1///2 /*;;>(.%;9;*/&%38+(.%)%*+>.%+%79 .9;*/& >*&*3% 1/02 *@% *' *33/(/' 8+ 766+%/' 8 *;% ' *997' ( 8 ;>%+?/;;/'='9*.*;%8+*%&%'()%*+# $$4,$( *%&%'()%*+#$$5,#$$ 9. 7(8(.%*?0%;3%/'=88/9%+9.%( 8;;>(.% ;*(&%'(/'%3&%(.38+*%&%'()%*+#$$4,$ (*%&%'( )%*+#$$5,$+*%&%'()%*+#$,#/'(.%9 *%8./0 *.*/ ' 1'3/*2 (3 ;3 %/'= 88/9%+ 9. % (.% (./+3 &%(.3.%+%>%+%'*33/(/'8+766+%/'8 *;%/'(.%.*'3 8 (.% *%%% .+/ *+%. +**3 =*+>*; 8+ * %&%'( )%*+ #$$,#$,#*'3#$#,-+/'.*'38(.%* %%%./0 *.*/ '1'3/*2 (38+*%&%'()%*+#$#, -&67(*(/' ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 14 -: 8 *;% 766+%/' * &*3% ?) (.% ;3 %/'= 88/9%+ +%*3 * 7'3%+, ('%*+ 0%+*=% +*(%8?/;; /' (.% '*&% 8 B%>%;%+ 16%+@=2 0%+*=% +*(%89*. ?/;; 0%+*=% +*(% 8 (.%+ *. ?/;; *&7'( / ;>%+?) (.% + ?/;; *&7'( / ;>%+?) #$$4 , $ 44$#$ 4-5< 4! ###< - #$$ , $! 5#$5 5<<< 5#! < - #$$! , $5 $#!5-5 54$ 5-$!#5 !#55 5!$ #$$5 , $ ##$- #$$! 5#5- #444 -<<$ ' *./;; (.%+ (*; 3/88%+%'9% /88 8+& B%>%;; %+) +*(% I() /88%+%'9% *&7'( /88 8+& B%>%;;%+) +*(% I() /88%+%'9% *&7'( *&7'( $4 , $ ###< !# $4-55<$ - -5 < $4!<# $ , $! < #$5$ $-!<-4$ - # -$$ $ #!4 $! , $5 !#55 #-4$ 5<#<--$ 5!$ 5< !<4<$ #$$-*+%9%/0/'= 9*.*30*'9%8+&/(97(&%+'?@/'=?7;;/' *'39+%3/(/'= 79.&'%)(*'*997'(9*;;%3?7;;/'&*+=/'*99 7'(6%+(.% ;3%/'=88/9%+.7=%7&8&'%)>%+%+% 9%/0%3?)(.% *%%%8+&/(97(&%+**30*'9%>./9.>%+% 3%6/(%3?)/(/' /(?*'@*997'(*'3(.%+%*8(%+(+*'8%++%3(*99 7'(8 8+67+9.*/'=?7;;/'G.%'?7;;/'>*+%9%/0%3 *'33%;/0%+%3((.% 97(&%+(.%?7;;/'&*+=/'*997'(>*3%?/(%3*' 3*;%9+%3/(%3 79.*;%>%+%3'%%/(.%+'(.%*&%3*)*+%9% /6(89*.+' /&&%3/*(%;)7?%H7%'(3*)>.%'?7;;/'>*+%9%/ 0%38+& 6%+(.%;3%/'=88/9%+*%%%(.7=. /(+%9+3%3(.% 9*.+%9%/6(8+&/(97(&%+3/3'(+%0%*;( .%/3%'(/()8(.% 97(&%+ 7+(.%+ * 6%+ (.% ;3 %/'= 88/9%+ /3%'(/() 8 (.% ?7)%+>*'(*0*/;*?;%/'(.%9*.?/;;*>%;; 99+3/'=(;3 %/'=88/9%+>.*(%0%++%&*/'%3*?*;*'9%/' (.%?7;;/'&*+=/' *997'(*(%*9.)%*+,%'3>*87;;);/H7/3*(%3?)9+ %3/(/'=(.%*;% *997'('&*;/%'(%3?)(.%;3%/'=8 8/9%+*/(*66%*+ *(6*+*!<8./+3%+*+%+%6+379%3.%+%7'3%+, 8.5 WHEN THIS ACCOUNT WAS FURTHER ANALYZED CERTAI N INTERESTING FACTS CAME TO LIGHT: (I) CASH BROUGHT IN ON A SINGLE DAY WENT UPTO 21.5 CRORES (ON 25-1-2011). BUT THE NARRATION IS SIMPLY BULLIO N MARGIN ACCOUNT. ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 16 -: (II) THE CASH BROUGHT IN WAS NOT IMMEDIATELY OR IN THE SUBSEQUENT DAYS ADJUSTED. IT REMAINED IN THE ACCOUN T FOR VERY LONG PERIODS. E.G FROM 24-1-2011 TO 31-1-2011 A SUM OF RS.69.12 CRORES CASH WAS BROUGHT IN. OUT OF THIS, 6 8.72 CRORES WAS ADJUSTED FROM 1-2-2011 TO 7-3-2011. BUT BEFORE 7-3-2011 FURTHER 39.99 CRORES CASH WAS BROUGHT IN FROM 4-2-2 011 TO 5-3- 201 1 AND PART OF IT COULD HAVE ALSO BEEN ADJUSTED WITHIN THE FIGURE OF 68.72 CRORES (III) GENERALLY ON 31ST MARCH THE, MONEYS REMAINING WERE ADJUSTED. BUT ON 31-3- 2012 (IN THE HANDS OF COMPAN Y) HUGE SUM OF RS.17,38,74,036, WHICH WAS OUTSTANDING, WAS WITHDRAWN. BUT THAT DAYS SALES WAS ONLY RS,14,87,7 7,889. (IV) SOME DAYS EVEN NEGATIVE BALANCE WAS SEEN IN TH E ACCOUNT, E.G ON 11-11-2010 IT SHOWS A NEGATIVE BALANCE OF 54.93 LAKHS AND IT GOES UP TO 7.42 CRORE NEGATIVE BALANCE ON 25 -31-2010. 11. 3%/'=88/9%+67((.%*%%%''(/9%* (>.) 9+%3/(/'(.%?7;;/'&*+=/'*997'(8+/&67='%3 *%&%'()%*+ .7;3'(?%9'/3%+%38+*33/(/'74!8(.% 9(7&&*+)8 (.%6%*@9+%3/(/'79.?7;;/'&*+=/'*997'(6+% 6*+%3?)(.%;3 %/'=88/9%++%*3*7'3%+, ( '%*+ (*;9+%3/( /'(.%)%*+ /=.%( *;*'9% /'9+%*% 0%+ ;*()%*+ *(% 8 ./=.%( ?*;*'9% #$$4 , $ 4-!4- 545$$$ !$4#$$< #$$ , $! #-#$-$<5 #!!4<%+%*7'3%+ , ('%*+ 33/(/'74! #$$4 , $ 545$$$ #$$ , $! $5$<*(.*((.%?7;;/'&*+=/'& '%) *30*'9%>%+%*;>*)9'0%+(%3(9*.*;%*'3>. *(>*9+%3/(%3 /'(.%79.*997'(>*6*+(9'/3%+*(/'8+*;% *'3'(*;*'+ *30*'9%%%%*;(*(%3(.*(/(>*'(6/ ?;%(&*/'(*/' +%9+3;/@%'*&%*33+%*'3 '7&?%+8+%*9. 8/(97(&%+ /'9% (.%+% >%+% ' 9+%3/( *;% 6%+ (.% *% %% /( >* '( ?;/=%3(37'3%+;*>*'3>**;'(6+*9(/9 *?;%99+3/'=( (.% *%%% &'%) +%9%/0%3 8+& /( 9;/%'( 9+%3 /(%3 ( ?7;;/' ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 18 -: &*+=/'&'%)*997'(.*3(?%9'/3%+%3';)* *;%*'3'(* 9+%3/(6%+(.%*%%%79.*&7'(>%+%87 ;;)+%8;%9(%3/' *;%*'3(.%+%>*'99*/'(&*@%*'*33/ (/'74!8(.% 9( 13. >%0%+ ;3 %/'= 88/9%+ >* '( /&6+%%3 ?) (.% *?0% *+=7&%'( 3 %/'= 88/9%+ +%87%3 ( * 99%6( (.% %:6;*'*(/'=/0%'?)(.%*%%%*'3.%;3(.*(*& 7'(;/(%3*( (*?;%/'6*+**?0%>%+%7'%:6;*/'%39*.9+%3/( 74!8(.% 9(6%9/8/9+%*'&%'(/'%3?)(.%;3%/' =88/9%+*66%*+*( 6*+*!58./+3%+*'3(.%%*+%+%6+379%3.%+ %7'3%+, CD 8.9 THE REPLY WAS CONSIDERED. THE REPLY IS VAGUE AND DOES NOT ANSWER ANY OF THE QUESTIONS ASKED IN THE STATEMENT RECORDED U/S 131 FROM SHRI. NARESH PRASAD AGARWAL OR IN THE PRE ASSESSMENT NOTICE WHICH ARE AS UNDER: (I) HUGE AMOUNTS OF CASH WERE BROUGHT IN ON A SINGLE DAY. SINGLE DAYS INWARDS WENT UPTO 21.5 CRORES (ON 25-1 -2011). BUT THE NARRATION IS SIMPLY BULLION MARGIN ACCOUNT IT HAS BEEN ADMITTED THAT NO OTHER RECORDS WERE MAINTAINED FOR THIS ACCOUNT. THE ASSESSEE HAS NOT ANSWERED AS TO HOW WITHOUT ANY CUSTOMER-WISE BREAK-UP FOR THIS AMOUNT HE WILL ADJUST THE AMOUNT WHEN THE CUSTOMER COMES AGAIN AFTER 2 OR 3 DAYS AND PAYS THE BALANCE. (II) THE CASH BROUGHT IN WAS NOT IMMEDIATELY OR IN THE SUBSEQUENT DAYS ADJUSTED. IT REMAINED.IN THE ACCOUNT FOR VERY LONG PERIODS. E.G FROM 24-1-2011 ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 19 -: TO 31-1-2011 A SUM OF RS.69.12 CRORES CASH BROUGHT IN. OUT OF THIS, 68.72 CRORES WAS ADJUSTED FROM 1-2-2011 TO 7-3-2011. F3LBEF.G(E 7-3-2011 FURTHER 39.9O7S CASH WAS BROUGHT IN FROM 4-2-2011 TO 5-3-2011 AND PART OF T COULD HAVE ALSO BEEN ADJUSTED WITHIN THE FIGURE OF 68.72 CRORES. IF IT I S CUSTOMERS MONEY HOW THEY WILL WAIT FOR SO LONG WITHOUT COLLECTING THE GOLD BARS WHEN ITS PRICE ALS O FLUCTUATES HEAVILY. THE ASSESSEE HAS NOT EXPLAINED AS TO HOW HE WILL BE ABLE TO ADJUST THE MONEY PAID BY EACH AND EVERY CUSTOMER IF HE COMES AFTER ONE MONTH OR MORE THAN ONE MONTH WITHOUT MAINTAIN ANY RECORD. (III) GENERALLY ON 31 MARCH THE MONEYS REMAINING WERE ADJUSTED. BUT ON 31-3-2012 (IN THE HANDS OF COMPANY) HUGE SUM OF RS,17,38,74,036, WHICH WAS OUTSTANDING, WAS WITHDRAWN. BUT THAT DAYS SALES WAS ONLY RS.14,87,77,889. THE ASSESSEE DID NOT EXPLAIN AS TO HOW HE ALLOWED ALL HIS CUSTOMERS TO GET REFUND OF THE MONEY ADVANCED BY THEM FOR PURCHASE OF GOLD ON A SINGLE DAY. IN FACT IN HIS STATEMENT HE REPLIED THAT THE REFUNDS ARE VERY RARE . (IV) THE ASSESSEE HAS NOT EXPLAINED AS TO HOW THERE CAN BE NEGATIVE BALANCE IN THE CUSTOMERS ADVANCE ACCOUNT. E.G ON 11-11-2010 IT SHOWS A NEGATIVE BALANCE OF 54.93 LAKHS AND IT GOES UP TO 7.42 CRORE NEGATIVE BALANCE ON 25-11-2010. 14. %0%+(.%;%;3%/'=88/9%+*;;>%3(%;%9 6/'=79. 6%*@9+%3/(>/(.(.%766+%/'/'*;%>+@%3 7(?)./&8+ *%&%'()%*+#$$4,$(#$$5,#$$ 15. 3%/'=88/9%+*;.*+?7+%3*37?((.*(* %%% >*'(87;;)*997'(/'=(.%9+%3/('(%/7%3 ?)*'3>* ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 20 -: 9.*+=/'=%:6%'%/'/(*997'(/'(.%=7/%83 %?/('(%/7%3?) %%%>*=/0%'*96)8/(*997' (/'(.%?@8 8+6+%0/7)%*++%;%0*'((*%&%'()%* +#$$,$!( #$#,#$- *'3 >* +%H7/+%3 ( +%9'9/;% /( >/(. /( >' ?@ %%%(.%+%76'(.+7=./(;%((%+3*(%3!$- #$7?&/((%3( (.%;3%/'=88/9%+(.*(*'7&?%+83%?/(9+ %3/('(%9;*/&%3( .*0% ?%%' /7%3 ?) 37+/'= (.% 6+%0/7 )%*+ +%;%0*'( ( *%&%'()%*+#$$4,$#$$,$!*'3#$$!,$5>%+% '%0%++%9%/0%3 ?)/(7+(.%+*6%+(.%*%%%79.'(%/ 7%3?)>%+% *+?/(+*+)/''*(7+%*'3>*/7%3';)>/(.*' 7;(%+/+/'(%'(/'8 .>/'=.7=%37%8+&(.%*%%%( %%%*; 7?&/((%3 (.*( (.%+% >%+% ;*+=% '7&?%+ 8 %'(+/% > ./9. >%+% +%0%+%3?)/'(.%/+?@>/(.7(*')'*++* (/'6%+(.% *%%%/8>.*(>*(*(%3?)(.%>*(+7% .7=%*&7'( >7;3.*0%?%%'37%(/(8+&>.%+%* .*3+*/%3* 3%&*'38J#++%*37%8+&*%%%?%8+%( .%/'(/+%9(+ 8'9&%*:J!5++%*37%8+&*%%%?%8 +%*'3J$ ++%*37%8+&(.%*%%%?%8+%'D?;%7+/ 3/9(/'*;/=. 7+( 16. >%0%+;3%/'=88/9%+>*8(.%6/'/'( .*(.% 97;3'(?%*33;%3>/(.*''7(+%9'9/;%(.% 3/88%+%'9%?%(>%%' ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 21 -: ?@8(.%*%%%*'3(.*(8%+% B%9(%3*;;(.% ?B%9(/'8(.%*%%%*'3&*3%*33/(/'8 +9+%3/('(%'( *997'(%3 ?) (.% *%%% 79. *33/(/' /' (.% 9*% 8 (.% *%%%.+/*+%. +**3=*+>*;>%+%*7'3%+ , %&%'('%*+ &7'( #$$,$! 44<5$4 #$$!,$5 5!5$ #$$5,$ -5##4!$$ #$$, #$ '(.%.*'38(.%*%%%./0*.*/ ' 1'3/*2 (3(.% *33/(/'9*&%(J54-!$,8+*%&%'()% *+#$,#*'3 J-<5#-!4,8+*%&%'()%*+#$#,#$- * ((%+*&7'(>* (%+&%3?)(.%;3%/'=88/9%+*/'(%+%(37 %8+&( (.%*%%%'(*997'(%3?)/( 17. 6*+( 8+& (.% *?0% (.%+% >%+% *33/(/' 8+ %:9. *'=% +*(%8;79(7*(/'8J<-45!,8+*%&%'( )%*+#$$!,$5>./9. >**'%:6%'3/(7+%9;*/&%3?)(.%*%%%*;;%=%3 ;)?*%3'+*; /'(+79(/' 8+& .%+% >* *; *' *33/( /' 8+ ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 22 -: J5-45$4-,8+766+%/'8-$@=8=;3/' 9;/'=(9@8+ *%&%'()%*+#$$,#$9;*/&%3(.*0%?%%'' (766;/%3?) *=*/'(*6*+(/97;*+?/;;.%+%>%+%* ;3/*;;>*'9%8+ 3/0%+/' 8 /'(%+%( ?%*+/'= 87'3 (>*+3 /'(% +%( 8+%% ;*' 3/*;;>*'9% 7$1*21/*2 8 (.% 9( 3/*;;>*'9 % 8+ >*'( 8 %0/3%'9%8+!$3'*(/'3/*;;>*'9%8+6%+' *;7*=%89*+ 3/*;;>*'9%7$1-28(.%9(*33/(/'8+>* '(89'8/+&*(/' 8+&;*'9+%3/(+3/*;;>*'9%8+7'6*/3;/*?/; /(/%7-8(.% 9( 3/*;;>*'9% 8+ /'(%+%( ' %+0/9% *: 3/*;;>*'9% 8 *;*+)*33/(/'8+7'%:6;*/'%3/'0%(&%'(/'6+ 6%+(/%8+0*+/7 )%*+*'3*33/(/'8+;>3+*>/'= 18. '(.%.*'38(.%*%%%./0*.*/ ' 1'3/*2 (3*6*+(8+&(.%3/*;;>*'9%*33/(/'8(.% '*(7+%&%'(/'%3 /' (.% 6+%9%3/'= 6*+* (.%+% >%+% *33/(/' 8+ 7 '3+) 3%?(+ +%8;%9(/'='%=*(/0%?*;*'9%8+>*'(89'8/+&*(/ '3/*;;>*'9%8+ E6*)&%'(*'3*'*33/(/'8+7'3%+0*;7*(/'8 9;/'=(9@8+ *%&%'()%*+#$#,#$-7&&*+)8(.%*33/(/' 3/*;;>*'9% &*3% ?) (.% ;3 %/'= 88/9%+ *+% +%6+379%3 / ' (.% (*?;% .%+%7'3%+, - 23 - ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. G ,E 1'3/*2 (3 +*66%*; *%&%'()%*+ 5 !< '$4,$ <$ !4 '$,$! < ! '$!,$5 <# !! '$5,$ <- !5 '$, < 5$ ',# << 5 '#,- 5!! ',# ! 5!5 '#,- %&%'(7 <- +>-1-2 <- +>-1-2 <- +>-1-2 <- +>-1-2 <- +>-1-2 <- +>-1-2 -1-2 <- +>-1-2 -1-2 '9&%+%(7+'%3/' +%(7+'67+7*'(( <- #-45! 4$#$5 #4%3 ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, 5-<$<5< ,,,, # %*@9+%3/(/' ?7;;/'&*+=/'&'%) *997'(K/'9+%*% 8+&6+%9%3/'=)%*+ 545$$$ $5$</(. '%=*(/0%?*;*'9%K >/(.7(9'8/+&*(/' ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, ,,,, -<$$$$ ,,,, 4'*(/' #<$$$ <$$ ,,,, ,,,, ,,,, ,,,, ,,,, $$$$ ,,,, %9(/'- 3/*;;>*'9% ,,,, ,,,, ,,,, << ,,,, ,,,, ,,,, <4- ,,,, ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 24 -: !;/'=(9@ 0*;7*(/'3/88%+%'9% ,,,, ,,,, ,,,, ,,,, 5-45$4- ,,,, ,,,, 5$$! ,,,, 5 %=*;%:6%'% 0%./9;%%:6%'% /'(%+%(&&//' 7$1*21/*2 <-!<4 4-<5- ,,,, ,,,, ##4-! 55!! ,,,, ,,,, $5$5< $ *'>/(.7( 9'8/+&*(/' ,,,, ,,,, #<$$$$$ ,,,, -$--<-4 ,,,, ,,,, ,,,, -$$$$$$ 766+%/'8*;% $4!<# 10,42,87,764 200,13,15,780 77,57,23,138 ,,,,, ,,,,, ,,,,, ,,,, ,,,, #'788/9/%'( 3+*>/'= 4!$$$$ 5,80,000 7,00,000 3,30,000 ,,,,, ,,,,, -$$$$ ,,,, ,,,, - %+'*;7%8 9*+ # 1,45,966 2,22,362 1,89,007 1,60,657 1,36,558 ,,,,, ,,,, ,,,, %9$1-2 3/*;;>*'9%8+9*. 6*)&%'( %3 ,,,,, ,,,,, ,,,,, ,,,,, ,,,,, 4,09,277 ,,,,, ,,,, ,,,, - 25 - ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. 19. ==+/%0%3?(.(.%*%%%&0%3/'*66%*;?%8 +%;3 &&//'%+8'9&%*:166%*;2 3123 %*;(>/(.(.% *66%*;8(.%*%%%.+/*+%. +**3=*+>*; '(.%8;;>/'= ;/'%, 20. ' (.% /7% 8 *33/(/' 8+ 766+%/' 8 *;% *'3 +%B%9(/'8;;3&&//'%+8'9&%*:1 66%*;2.%;3/' 8*07+8(.%*%%%%*'>.);3&&//'% +8'9&%*: 166%*;2.%;3/'8*07+8(.%*%%%*/(*66% *+/'6*+*=+*6. (8./+3%+/+%6+379%3.%+%7'3%+, CD 14. THE ISSUE IS CONSIDERED AND ANALYZED CAREFULLY. THE ASSESSEE HAS SUBMITTED THE BOOKS OF MAINTAINED BY H IM FOR ALL THE YEARS. THE SAID BOOKS HAVE IN FACT BEEN SEI ZED BY THE DEPARTMENT DURING THE COURSE OF SEARCH CONDUCTED. T HESE ARE THE SAME BOOKS SUBMITTED BY THE ASSESSEE YEAR O N YEAR FOR AUDIT. THE BOOK RESULTS HAVE BEEN ACCEPTED BY T HE DEPARTMENT FOR ALL THESE YEARS AFTER DUE VERIFICATI ON FOR SOME OF THE YEARS. THE ASSESSEE HAS SUBMITTED HIS BOOKS FOR STATUTORY AUDIT AND HAS SUBMITTED THE AUDIT REPORTS UNDER SECTION 44AB OF IT ACT. IF THE AO HAD ANY DEFINITE REASONS FOR DOUBTING THE AUDITED BOOKS HE COULD HAVE SUBJECTED THE BOOKS FOR SPECIAL AUDIT. THIS HAS NOT BEEN DONE. IN STEAD, THE AO HAS PICKED SOME HOLES IN THE BOOKS AND HAS ARBIT RARILY ACCEPTED THE BOOK RESULTS FOR SOME YEARS REJECTING THE BOOK RESULTS FOR OTHER YEARS. THE AO HAS ACCEPTED PROFIT S AND REJECTED LOSSES. THIS SELECTIVE PICK AND CHOOSE APP ROACH IS NOT PROPER. MOREOVER, THE ASSESSEE HAS SUBMITTED TH E ORDERS OF SALES TAX AUTHORITIES ACCEPTING THE BOOK RESULTS DECLARED BY THE ASSESSEE. 15. THE ASSESSEE RUNS A LARGE BUSINESS WITH HIGH VA LUE TRANSACTIONS. THE TURNOVER FIGURES RUN INTO SEVERAL THOUSAND CRORES YEAR ON YEAR. IT WOULD NOT BE POSSIBLE FOR T HE ASSESSEE ALSO TO RUN A BUSINESS WITHOUT PROPER MAINTENANCE O F BOOKS AT LEAST FOR HIS OWN PURPOSE. WITHOUT THIS INTERNAL CONTROL MECHANISM, THE WHOLE EDIFICE OF ASSESSEES BUSINESS WOULD ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 26 -: COLLAPSE UNDER ITS OWN WEIGHT. IF THE BOOKS MAINTAI NED FOR IT PURPOSES ARE NOT THE AUTHENTIC ONES, THEN THE ASSES SEE SHOULD HAVE BEEN FOUND MAINTAINING ANY OTHER SET OF PARALLEL SET OF BOOKS OF ACCOUNTS. THIS IS PRECISELY THE PUR POSE FOR WHICH A SEARCH ACTION U/S 132 IS CONDUCTED. AFTER T WO SEARCHES IN THE PREMISES OF THE ASSESSEE THE SEARCH PARTY HAS NOT FOUND ANY PARALLEL SET OF BOOKS. 16. THE AO HAS COME TO A CONCLUSION THAT THE ASSESS EE HAS BEEN UNDER SELLING BULLION FOR EXTRA CASH WHICH IS NOT REFLECTED IN THE BOOKS OF ACCOUNTS. THE ASSESSEE HA S GIVEN DETAILED EXPLANATIONS FOR WHY THE SELLING RATE COUL D BE LESSER THAN THE INVOICE PURCHASE RATE ON ACCOUNT OF VARIOU S DISCOUNTS AND SCHEMES FROM SUPPLIERS AS WELL AS ON ACCOUNT OF INTEREST EARNED ON SUBSTANTIAL MARGIN MONEY DEPO SITS. IN THIS LARGE TURNOVER BASED BUSINESS, THE ASSESSEE HA S DEMONSTRATED THAT INSTEAD OF LOSING MONEY FOR INTER EST ON OPERATING CAPITAL, THE ASSESSEE HAS BEEN EARNING IN TEREST ON SURPLUS OPERATING CAPITAL ENJOYED ON ACCOUNT OF PEC ULIAR NATURE OF BUSINESS. THE NET OF CREDITS RECEIVED FOR MARGIN MONEYS LEFT WITH SUPPLIER (M/S MMTC) HAS ALSO HELPE D THE ASSESSEE TO SELL HIS GOODS AT RATES LESS THAN THE I NVOICE PURCHASE PRICE. THE AO HAS NOT UNDERSTOOD THIS CRUC IAL ASPECT AND HAS FORCED HIMSELF TO COME TO A WRONG CONCLUSION. 17. THE AO HAS COMPUTED A LARGE AMOUNT OF SURPLUS UNDECLARED PROFITS FOR SEVERAL YEARS AND HAS DISALL OWED LOSSES FOR SOME YEARS. THIS WOULD AMOUNT TO THE ASS ESSEE UNDERSTATING HIS PROFITS BY SEVERAL HUNDREDS OF CRO RES. HOWEVER, HAVING CONDUCTED SEARCH IN THE PREMISES OF THE ASSESSEE ON TWO OCCASIONS, THE SEARCH PARTY HAS BEE N UNABLE TO DETECT ANY CONCEALED ASSETS/WEALTH/CASH O F THE ASSESSEE. THE DETECTION OF ESCAPED ASSETS OF THE AS SESSEE IS IN LAKHS OF RUPEES WHERE AS THE ADDITION TO RETU RNED INCOMES IS IN HUNDREDS OF CRORES. THIS HIGH PITCHED NATURE OF ADDITION CANNOT BE SECONDED. THE ADDITIONS TO THE R ETURNED INCOMES HAVE NOT BEEN SUPPORTED BY STRONG EVIDENCE AS WELL AS CORRESPONDING MATCHING ASSETS. THE ADDITION OF P ROFITS AND REJECTION OF LOSSES HAS BEEN BASED ON SURMISES, CONJECTURES AND GUESS WORK. THE COMPUTATION OF UNDE CLARED PROFITS AND REJECTION OF LOSSES AS PER PARAGRAPHS 7 .20 AND 7.22 OF THE ASSESSMENT ORDER IS DELETED. ASSESSEES GROUNDS OF APPEAL ARE ALLOWED ON THIS ISSUE. ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 27 -: 21. ' (.% /7% 8 9*. 9+%3/( 1?7;;/' &*+=/' &'%) *997'(2 ;3 &&//'%+ 8 '9&% *: 166%*;2 76.%;3 (.% +3%+8(.%;3%/'=88/9%+>/(.(.%8;;>/ '=?%+0*(/', THE OBJECTIONS FILED BY THE ASSESSEE ARE NOTED. T HE ASSESSEE HAS EXPLAINED THE PRACTICE OF ACCEPTING CASH ADVANCES F OR CASH/CREDIT SALES MADE. THE ADVANCES/PART-SALE-CONSIDERATIONS A RE ACCEPTED ON DAY 1 WHEREAS THE SALES/DELIVERY WAS MADE ON DAY 3 OR DAY 4. BASED ON THE ADVANCES RECEIVED, THE ASSESSEE WOULD FURTHER PLACE ORDERS FROM HIS SUPPLIERS, PROCURE THE SAME ON DAY 3 OR DAY 4 AND HANDOVER THE GOLD BULLIONS TO THE PURCHASER WHILE C OLLECTING THE BALANCE CONSIDERATION. HOWEVER, THE ASSESSEE DID NO T WANT TO PART WITH THE NAMES AND ADDRESSES OF THE BUYERS. THIS LE AVES A CRUCIAL LINK IN ACCOUNTING EXPOSED. THE ASSESSEE OUGHT TO H AVE MAINTAINED NAMES AND ADDRESSES OF ALL THE PERSONS TO WHOM CASH SALES ARE MADE. THE ASSESSEE HAS THE RESPONSIBILITY OF PROVID ING THE NAMES AND ADDRESSES OF PERSONS FROM WHOM MARGIN MONIES HA VE BEEN ACCEPTED AND PENDING TO BE SQUARED UP. THE AO HAS S PECIFICALLY CALLED FOR THE SAME AND HAS BEEN REFUSED BY THE ASS ESSEE. THE ASSESSEE HAS ALSO MADE AN ATTEMPT TO CIRCUMVENT PRO VIDING NAMES AND ADDRESSES OF MARGIN MONEY ADVANCE PAYEES ON THE LAST DAY OF THE FINANCIAL YEAR ALSO. THE ASSESSEE HAS ACHIEVED THIS BY BOOKING THE MARGIN MONEY OUTSTANDING AGAINST CORRESPONDING SALES MADE ON THE LAST DAY OF THE FINANCIAL YEAR. TO THIS EXTENT, THE ASSESSEE WOULD HAVE UNDERSTATED THE PRESUMED CLOSING STOCK AS ON T HE LAST DAY OF THE FINANCIAL YEAR FOR ALL THE YEARS. THE DUTY CAST ON THE ASSESSEE TO MAINTAIN NAMES AND ADDRESSES OF THE MARGIN MONEY AD VANCE PAYEES AND DECLARE THE SAME CANNOT BE CONDONED. I A M OF THE CONSIDERED VIEW THAT THE ONUS OF PROVING THE CREDIT S IN THE MARGIN MONEY ACCOUNT LIES WITH THE ASSESSEE. THE AO IS COR RECT IN BRINGING THE PEAK CASH CREDIT FOR FIVE ASSESSMENT YEARS AS B ELOW:- ASST. YEAR ADDITION U/S.68 2006-07 77969000 2007-08 140907558 2008-09 91548038 2009-10 52245916 2010-11 334220437 TOTAL 696890948 ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 28 -: THE ADDITION BROUGHT TO TAX U/S.68 OF THE I.T. ACT FOR THE FIVE ASSESSMENT YEARS IS SUSTAINED ON ACCOUNT OF DETAILE D REASONS GIVEN AS ABOVE. 22. %0%+(.%;% ;3 &&//'%+ 8 '9&% *: 166%* ;2 >./;%9'8/+&/'=(.%*33/(/'&*3%74!8+?7;;/ '&*+=/'&'%) *997'( *;;>%3 (%;%96/'= 8 79. *33/(/' >/(. (.% *997'(%3 *;%8(.%*%%%/'9%/(.*3H7*+%376( .%?7;;/'&*+=/' *997'(?)9++%6'3/'=;)/'9+%*/'=/(*;% 23. E/F,*,0/F*33/(/'&*3%8+3/88%+%'9%/'9+%3/(3% ?/('(%8 *997'(%3?)(.%*%%%;3&&//'%+8 '9&%*: 166%*;2 (.7=. .% 9'8/+&%3 79. *33/(/' 3/+%9( %3 (.% ;3 %/'=88/9%+(+%9&67(%(.%*&7'(?)'%((/' =(.%*==+%=*(% 0*;7%8(.%9+%3/('(%>/(.(.%*==+%=*(%0*;7% 8(.%3%?/('(% /7%3?)/+%9(/'=/0%'?)(.%;3 &&//'%+8 '9&% *: 166%*;2 * /( *66%*+ *( 6*+* #4 8 /( +3%+ / +%6+379%3.%+%7'3%+, CD 26. THE SUBMISSIONS MADE BY THE AR ARE CONSIDERED. THE ACTION OF THE AO IN BRINGING THE INCOMES ARISING TO THE ASSESSEE ON ACCOUNT OF CREDIT/DEBIT NOTES BY M/S MM TC IS COMPLETELY JUSTIFIED. THE DEPARTMENT CANNOT TAKE NO TE OF CREDIT NOTES IGNORING THE EXISTENCE OF DEBIT NOTES. AS PER THE REMAND REPORT DATED 19.12.2017, THE AO HAS CLARIFIE D THAT ONLY CREDIT NOTES WERE CONSIDERED. THE ASSESSEE HAS PLEADED BEFORE THE UNDERSIGNED THAT IF AT ALL THE A O IS CONSIDERING ADOPTING ACCOUNTS PROVIDED BY M/ S MMTC , AND ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 29 -: THEN IT SHOULD BE ADOPTED IN FULL. THE AO CANNOT BL OW HOT AND COLD AT THE SAME TIME. THE ASSESSEE IS FOLLOWING A MERCANTILE SYSTEM OF ACCOUNTING AND AS SUCH THE INCOMES ARISIN G ON ACCOUNT OF NET OF CREDIT AND DEBIT NOTES SHOULD BE OFFERED TO TAX YEAR ON YEAR ON THE BASIS OF RECEIPT OF CREDIT/ DEBIT NOTES. THE RECEIVABLES ARISING TO THE ASSESSEE ON ACCOUNT OF CREDIT NOTES ARE SET OFF AGAINST THE LIABILITIES ARISING O N ACCOUNT OF DEBIT NOTES RECEIVED. THE CREDIT NOTES AS WELL AS D EBIT NOTES ARE VERY MUCH ON RECORD AND HAVE BEEN DOCUMENTS SUBMITTED BEFORE ARBITRATOR AS WELL AS HIGH COURT O F MADRAS IN THE DISPUTE BETWEEN ASSESSEE AND M/ S MMTC. THE AO IS DIRECTED TO GIVE RELIEF TO THE LIABILITIES ARISING TO THE ASSESSEE ON ACCOUNT OF DEBIT NOTES AND SET OFF THE SAME AGAI NST THE INCOMES RECEIVABLE AS PER THE CREDIT NOTES RAISED B Y M/S MMTC. THE AO SHALL COMPUTE THE NET OF CREDIT NOTES OVER AND ABOVE THE DEBIT NOTES AND BRING ONLY THE NET AM OUNT FOR TAXATION. THE ASSESSEE GETS PARTIAL RELIEF ON THIS ACCOUNT. 24. E/F,*,0/F *33/(/' &*3% 8+ %:9.*'=% 8;79(7*(/' ; 8 J<-45!, /' *%&%'( )%*+ #$$!,$5 ;3 && //'%+ 8 '9&%*:166%*;276.%;3(.%+3%+8(.%;3 %/'=88/9%+% >*8(.%6/'/'(.*(*%%%>*7'*?;%(6+3 79%*')%0/3%'9% 8+*')/'(+79(/'+%9%/0%38+&/'(./ +%=*+3 25. ' (.% *33/(/' 8 J5-45$4-,8+ 3/88%+%'9% /' 9;/'= (9@;3&&//'%+8'9&%*:166%*;29' 8/+&%3(.%+3%+ 8(.%;3%/'=88/9%+'(/'=*7'3%+, CD DIFFERENCE IN CLOSING STOCK (AY.2010-11): IN YOUR LETTER DATED 5.3.2012 TO THE ADIT(INV), YOU HAVE ADMITTED, IN PARA 4, THAT AS AGAINST 50438 KG GOLD FOR WHICH MMTC ISSUED BILLS, THE QUANTITY RECEIVED WAS ONLY 5 0405 KG AND THAT 30 KG, GOLD WAS STILL TO BE RECEIVED AS ON 31.3.2010. VIDE QUESTIONNAIRE U/S.143(1) DATED 27.1.2014 SERVE D ON 29.1.2014 YOU WERE REQUESTED TO FURNISH CLOSING STO CK ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 30 -: INVENTORY (BRANCH-WISE) AND THE METHOD AND THE BA.S IS FOR THE VALUATION. BUT VIDE YOUR REPLY DATED 10.3.2014 YOU HAVE MERELY REPRODUCED THE CLOSING STOCK FIGURES IN THE RETURN. IN THE ABSENCE OF REQUIRED DETAILS IT IS NOT POSSIBLE TO VERIFY WHETHER THE 30KG STOCK WAS INCLUDED IN YOUR CLOSING STOCK FIGURES. HENCE IT IS PROPOSED TO MAKE AND ADDITION OF RS. 4,93,69,063 @ RS. 1645635 PER KG AT WHICH RATE PURC HASE OF 5121 KG GOLD FROM MMTC WAS ENTERED IN YOUR ITEM REG ISTER ON 31.3.2010. VIDE ITS REPLY ASSESSEE REQUESTED AS UNDER: THERE ARE NO MISTAKES OR ERROR IN RECORDING THE COR RECT FIGURES OF STOCK THAT HAS COME IN. THE ERROR POINTE D OUT IS ONLY TYPING ERROR IN THE BILL QUANTITY RAISED. THER E IS NO EXTRA ADDITION IN PURCHASE OR IN CLOSING STOCK. HENCE THI S ADDITION MAY KINDLY BE DROPPED. NO EVIDENCE WAS PRODUCED IN SUPPORT OF ITS CLAIM. T HE ADDITION IS MADE AS PROPOSED. THE ASSESSEE HAD BEEN GIVEN AN OPPORTUNITY TO EXPLA IN THE SAID DIFFERENCE IN CLOSING STOCK. HOWEVER, THE ASS ESSEE HAS NOT BEEN ABLE TO EXPLAIN THE SAME. THE ASSESSING O FFICER HAS ALSO CONFIRMED THE INABILITY OF THE ASSESSEE TO EXPLAIN THE SAME AS PER REMAND REPORT FORWARDED. CONSIDERING T HE SAME, THIS AMOUNT OF 4,93,69,063/- IS UPHELD AS ADDITION SUSTAINED FOR A.Y. 2010-2011. 26. '(.%*33/(/'&*3%8+3/0%+/'8/'(%+%(?%* +/'=87'3 ( 6+0/3% /'(%+%( 8+%% ;*' ;3 &&//'%+ 8 '9&% *: 166%*;2.%;3(.*(*%%%.*37?(*'(/*;9*6/(* ;?7/;(0%+0*+/7 )%*+ *'3 >* *; .*0/'= 7?(*'(/*; /'(%+%( 8 +%% *30*'9% *0*/;*?;%>/(./(6%+(.%;3&&//'%+8 '9&%*:166%*;2 (.%+%>*'(./'='+%9+3(.>(.*(*')/'(%+ %(?%*+/'=87'3 >%+%3/0%+(%38+=/0/'=*')/'(%+%(8+%%;*' +8+&*@/'=*') ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 31 -: /'0%(&%'( ?%+0*(/' 8 (.% ;3 &&//'%+ 8 '9&% *: 166%*;2'(.//7%>%+%*7'3%+, 32. THIS MERITS OF THE ISSUE ARE EXAMINED. DURING THE COURSE OF ASSESSMENT, THE ASSESSEE HAS EXPLAINED IN AS MAN Y DETAILS THAT THE LOANS GIVEN WERE BUSINESS ADVANCES AND THA T THE ASSESSEE HAS HAD VERY SUBSTANTIAL OWN CAPITAL AS WE LL AS INTEREST FREE ADVANCES RECEIVED. THE DETAILS OF ADV ANCES GIVEN WITHOUT INTEREST AS WELL AS ADVANCES RECEIVED WITHO UT INTEREST ARE GIVEN BY THE AO AS UNDER. ('%*+ (*; 8 /'0%(&%'( *'3 /'(%+%( 8+%% *30*'9%=/0%' (*; 8 /'(%+%( 8+%% *30*'9% +%9%/0%3 #$$4 , $ 54!$$$ $$#!!4 #$$ , $! #--<-$5 -!4#$# #$$! , $5 -!5 $--5!! #$$5 , $ 54#$! 4-4$4- #$$ , 54##< $-!#- #$ , # 54#5- <#<<<< #$ # , - #<#- $!#5#-#$ THE ASSESSEE HAS ALSO HAD SUBSTANTIAL OWN CAPITAL O VER THE YEARS. AS SEEN ABOVE, THE ASSESSEE IS WELL WITHIN H IS LENDING CAPACITY TO ADVANCE MONIES WITHOUT CHARGING INTERES T OUT OF OWN CAPITAL AS WELL AS INTEREST FREE ADVANCES RECEI VED. THE DISALLOWANCE OF INTEREST HAS BEEN DONE CURSORILY WI THOUT TAKING NOTE OF INTEREST DEBITED FOR CORRESPONDING YEARS, T HE NET AMOUNT OF ADVANCES MADE AS WELL AS FUND FLOW STATEM ENT OF THE ASSESSEE. CONSIDERING THE SAME, THE DISALLOWANC E OF INTEREST WOULD BE UNJUSTIFIED. THE INTEREST DISALLO WED FOR ALL THE YEARS IS DELETED. ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 32 -: 27. E/F,*,0/F (.% *33/(/' &*3% 8+ ;> 3+*>/'= ;3 &&//'%+8'9&%*:166%*;276.%;3(.%+3 %+8(.%;3 %/'=88/9%+ 28. '(.%3/*;;>*'9%&*3%?)(.%;3%/'=88/9 %+8+ >*'(83%379(/'8(*:*(7+9%;3&&//'% +8'9&%*: 166%*;27=.(*+%&*'3+%6+(8+&(.%;3% /'=88/9%+' (.%+%&*'3+%6+(;3%/'=88/9%+(*(%3* 7'3%+, 8(%+9'/3%+/'=(.%6*)&%'(8/'(%+%(90%+%3 ?)8+& <(.%8;;>/'=/'(%+%(6*)&%'(*+%(/;;3/* ;;>*?;% 7$1*21/*2 *&%8(.%;*'9+%3/(+ '(%+%(6*/3>/(.7( 8+&< *?/(.*=*+>*; 44! /;%.A(.*+/ -<-*; *'9% 7$1*21/*2 8 (.% 9( ( J$-$-, 8+ *%&%'( )%*+ #$$4,$ >./;% 9'8 /+&/'= 79. 3/*;;>*'9%8+*%&%'()%*+#$$,$!#$$, *'3#$,#$# ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 33 -: 29. '(.%3/*;;>*'9%&*3%8+6%+'*;7%8(>9* +;3 &&//'%+8'9&%*:166%*;2>*8(.%6/ '/'(.*(79. 3/*;;>*'9%>*'(>*++*'(%39'/3%+/'=(.%0*( '*(7+%8(.% ?7/'%8(.%*%%% 30. ' (.% 3/*;;>*'9% &*3% 7$1-2 8 (.% 9( ;3 &&//'%+8'9&%*:166%*;29'8/+&%3(.% +3%+8(.%;3 %/'=88/9%+99+3/'=((.%;3&&//'% +8'9&%*: 166%*;2*%%%>*7'*?;%(3%&'(+*(%*')% :9%6(/'*;+%*' 8+ /'97++/'= %:6%'3/(7+% /' 9*. /' %:9% 8 (.% ;/&/( ;*/3 3>' 7'3%+(.%*/3%9(/' 31. E/,M,0/(.%*33/(/'&*3%8+7'%:6;*/'%3;*'9 +%3/(+ >./9./+%;%0*'(8+*%&%'()%*+#$$!,$5*'3 #$$,#$;3 &&//'%+ 8 '9&% *: 166%*;2 >* 8 (.% 6/ '/' (.*( *%%%97;3'(6+379%*')9'8/+&*(/'%6 %9/8/9*;;)'(%3 (.%8*/;7+%8(.%*%%%/'(.%8;;>/'=>+3 >./;%9'8/+&/'=(.% +3%+8(.%;3%/'=88/9%+ THOUGH CALLED FOR VIDE NOTICE U/S. 142(1) SERVED ON 4.2.2014 YOU HAVE NOT YET FURNISHED THE CONFIRMATIO N LETTERS FROM THE FOLLOWING NEW LOAN CREDITORS. (I) MECOTRONICS P LTD (2 CRORES) (II) RAMA L.MAKWANI (250042). THE LOAN AMOUNTS ARE PROPOSED TO BE ADDED FOR WANT OF CONFIRMATION LETTERS. ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 34 -: 2. THOUGH CALLED FOR VIDE NOTICE U/S. 142(1) SERVED ON 29.1.2014 YOU HAVE NOT YET FURNISHED THE CONFIRMATI ON LETTERS FROM TRADE DEBTORS FROM WHOM ADVANCES WERE CLAIMED TO HAVE BEEN RECEIVED AND OUTSTANDING ON 3J S MARCH. (I) SUBRAMANI (21085736) (II) SARANGAPANI (7650000) (III) RAVI (1600000). THE LOAN AMOUNTS ARE PROPOSED TO BE ADDED FOR WANT OF CONFIRMATION LETTERS. NO REPLY WAS FURNISHED. DISALLOWANCES ARE MADE AS PROPOSED ABOVE. DURING THE COURSE OF REMAND REPORT AS WELL AS DURIN G THE COURSE OF APPELLATE PROCEEDINGS BEFORE THE UNDERSIG NED, THE ASSESSEE HAS NOT BEEN ABLE TO CONFIRM THE LOAN CREDITORS AND OTHER CREDITORS CLAIMED. CONSIDERING THE SAME, THE UNSUBSTANTIATED LOAN CREDITORS AND OTHER CREDITORS ARE BROUGHT TO TAX AS UNEXPLAINED CREDITS U/S.68 OF THE IT ACT FOR THE A.Y. 2010-2011. 32. '(.%3/*;;>*'9%7'3%+%9(/'-8(.%9(8 +'' +%&/((*'9%8J<#5<4,*'3(*:%J-5!!5 ,*==+%=*(/'= J<<,;3&&//'%+8'9&%*:166%* ;2>*8(.% 6/'/'(.*(*%%%>*7'*?;%(6+379%*')%0/ 3%'9%%0%'/'(.% +%&*'36+9%%3/'=%9'8/+&%379.3/*;;>*'9% 33. + (.% 3/*;;>*'9% 8 J!-5-, ?%/'= /'(%+%( ' 3%?/(%3 (.% *%&%'( )%*+ #$$,#$ /'(%+%( ' %+0/9% (*: J#-4,3%?/(%3/'*%&%'()%*+#$,#$#*'3 E8J#$, ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 35 -: 3%?/(%3/'*%&%'()%*+#$#,#$-;3&&// '%+8'9&% *:166%*;29'8/+&%3(.%+3%+8(.%;3% /'=88/9%+'(/'= (.*((.%%>%+%6%'*;/''*(7+% 34. E/F,*,0/F3/*;;>*'9%&*3%8+<$L8*;*+) *'3 ?'79;*/&%38+*%&%'()%*+#$,#$#;3 &&//'%+8 '9&%*:166%*;2>./;%3%;%(/'=79.3/*;;>* '9%'(%3(.*( ?7/'%*9(/0/()8(.%*%%%+7'*6+6+/%(+ ./6(.7=.(*@%' 0%+?)./0*.*/ '1'3/*2 (39'(/'7 /()8?7/'% 97;3'(?%37?(%3 35. E/F,*,0/F*33/(/'8J#-4<$,&*3%8+*%& %'()%*+ #$,#$#*'3J4<$,&*3%8+*%&%'()%*+ #$$5,#$$8+ 7'%:6;*/'%3/'0%(&%'(/'6+6%+();3&&//' %+8'9&%*: 166%*;2.%;3(.*(79./'0%(&%'(>%+%'(+%8;% 9(%3/'(.%?*;*'9% .%%(8(.%*%%%8+(.%+%6%9(/0%)%*+*' 3(.7+%&*/'%3 7'%:6;*/'%3 36. 3&&//'%+8'9&%*:166%*;2*;9'8/ +&%3 (.%+3%+8(.%;3%/'=88/9%+3/*;;>/'= (.%9;*/&8+9*++) 8+>*+3;'*;%8.*+%8J/(.(.% 8;;>/'=?%+0*(/', ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 36 -: 41. THE AO HAS ALSO DISALLOWED LOSS ON SALE OF SH ARES OF RS.4,54,814 FOR AY.2010-11 AND RS.19,44,450 FOR AY. 2012-13 AND HAS NOT ALLOWED CAY FORWARD OF LOSS. THE ASSESS EE HAS NOT PRODUCED ANY EVIDENCE TO THE CONTRARY IN THE APPEAL PROCEEDINGS. CONSIDERING THE SAME, THE DISALLOWANCE OF LOSS CLAIMED IS SUSTAINED. 37. +3%+8(.%;3&&//'%+8'9&%*:166%*; 2/' (.%*66%*;8./0*.*/ '1'3/*2 (3 *;>%'('/&/;*+ ;/'%*/'(.%9*%8.+/*+%. +**3=*+>* ; 3&&//'%+ 8 '9&% *: 166%*;2 3%;%(%3 (.% +%B%9(/' 8 ; 8 J#./;%76.;3/'=(.%*33/(/'8J$4!4! ,74!8(.%9( 8+7'%:6;*/'%39+%3/(/'?7;;/'&*+=/'&'%)*9 97'(%*;;>%3 (.%9;*/&8(.%*%%%8+(%;%96/'=(.%;*((% +*33/(/'>/(./( *;%*''%+/'>./9.;3&&//'%+8'9&% *:166%*;2 3%*;(>/(.(.%+*33/(/'3/*;;>*'9%&*3%/'(. %.*'38 ./0*.*/ '1'3/*2 (3*+%%:6;*/'%3/'(.% 799%%3/'=6*+* 38. ' (.% *33/(/' &*3% 8+ +%9'9/;/*(/' 3/88%+%'9% /' (.% *997'(8(.%*%%%>/(.;3&&/ /'%+8'9&% *:166%*;2>./;%76.;3/'=(.%+3%+8(.%;3 %/'=88/9%+/' (./+%=*+33/+%9(%3./&(=/0%+%;/%88+3%?/( '(%/7%3?) .%%3/+%9(/'>%+%/&/;*+((.%&*3% ?)./&/'(.% 9*%.+/*+%. +**3=*+>*;*; ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 37 -: 39. +*%&%'()%*+#$,#'%(.%+/7%+*/%3 ?)(.% *%%% ./0 *.*/ ' 1'3/*2 (3 ?%8+% (.% ;3 &&//'%+ 8 '9&% *: 166%*;2 >* ' *' *33/ (/' 8 J-<$$$$,&*3%8+'%=*(/0%?*;*'9%/'7'3+) 3%?(+D*997'( .%%>%+%/'(.%'*&%887+6%+';/(%3.%+%7 '3%+, 01. SAMPATH,,TRICHY (1,70,00,000) 02. SUNDAR, TRICHY (1,05,50,000) 03. THANGAMANI, TRICHY (56,00,000) 04. VEERAMANI, TRICHY (1,00,00,000) 3 &&//'%+ 8 '9&% *: 166%*;2 9*;;%3 8 + * +%&*'3 +%6+(8+&(.%;3%/'=88/9%+ 3%/' =88/9%+(*(%3* 7'3%+/'./+%&*'3+%6+(, CD AS REGARDS THE ADDITION OF RS.4,31,55,000 IT WAS MA DE BECAUSE THE CREDIT BALANCES IN THE NAMES OF THE ABOVE FOUR PERSONS WERE SHOWN UNDER THE GROUP SUNDRY DEBTORS AND NOR SUNDRY CREDITORS OR LOAN CREDITORS AND EVEN THOUGH THE CONFIRMATION LETTERS FROM THESE PARTIES WERE CA LLED FOR THEY WERE NOT FURNISHED DURING THE COURSE OF ASSESS MENT PROCEEDINGS. EVEN NOW THE CONFIRMATION LETTERS HAV E NOT BEEN PRODUCED. THESE HUGE AMOUNTS WERE SHOWN AS OPENING CREDIT BALANCES AS ON 1.4.2011 AND THEY WER E ADJUSTED AGAINST SALES ONLY ON 11.4.2011 R 12.4.201 4, I.E. 11 OR 12 CRS. THE ASSESSEE DID NOT FURNISH THE LEDG ER ACCOUNT COPIES FOR THE FY. 2010-11 TO SEE ON WHAT D ATES THESE AMOUNTS WERE ACTUALLY CREDITED IN THEIR NAME. NO PERSON WILL PAY CASH IN ADVANCE AND WAIT FOR 12 OR MORE DAYS TO RECEIVE THE GOLD. ONLY IF THEIR ADDRESSES A RE FURNISHED THE FOLLOWING POINTS CAN BE VERIFIED (A) WHETHER THE PARTIES ARE ASSESSED TO TAX OR NOT (B) 1F PURCHASED FOR BUSINESS PURPOSES WHETHER TH E PERSONS HAD SO MUCH CASH BALANCE IN THEIR BOOKS OF ACCOUNT, AND IF SO, WHETHER THE SOURCES FOR THE SAM E ARE GENUINE. ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 38 -: (C) IF PURCHASED FOR PERSONAL PURPOSES. THE SOURCES FOR THE SAME AND WHETHER THEY ARE REFLECTED IN WT RETURNS. (D) WHETHER THE ACTUAL FLOW OF CASH HAS HAPPENED DI RECTLY FROM THE PERSONS CONCERNED OR NOT BY NOT FURNISHING THE CONFIRMATION LETTERS AND WITH HOLDING THE IDENTITY OF THESE FOUR PERSONS, THE ASSESSEE IS PREVENTING THE DEPARTMENT FROM GETTING ITS DUE TAXE S( IT AND WT) FROM THEM IF THE MONEY REALLY BELONGS TO TH EM. THEREFORE THE ADDITIONS MAY BE UPHELD. 3 &&//'%+ 8 '9&% *: 166%*;2 *8(%+ %:*& /'/'= (.% +%&*'3+%6+(.%;3(.*(*%%%8*/;%3(=/0%(. %>.%+%*?7(8 (.% 87+ 6%+' /' >.% '*&% (.% '%=*(/0% ?*;*'9% >%+% *66%*+/'= 3&&//'%+8'9&%*:166%*;2 (.776.%;3(.% *33/(/' 40. E/F,*,0/F9;*/&83'*(/';3&&//'%+8 '9&%*: 166%*;2'(%3(.*(*%%%>*7'*?;%(6+379% *')9%+(/8/9*(%* +%H7/+%37!$8(.%9(8+&(.%+%9/6/%'(% 9'8/+&%379. 3/*;;>*'9% 41. E/F,*,0/F3/*;;>*'9%&*3%8+E.>'*6*)* ?;%;3 &&//'%+8'9&%*:166%*;2.%;3(.*(*% %%97;3'( 87+'/. *') %0/3%'9% 8+ +%&/((*'9% 8 79. E 6*) *?;% * ' -$-#$%9'8/+&%3(.%3/*;;>*'9% ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 39 -: 42. E/F,*,0/F *33/(/' &*3% 8+ 766+%/' 8 9;/'= (9@ +%;%0*'(8+*%&%'()%*+#$,#$#;3&&/ /'%+8'9&% *:166%*;2'(%3(.*(;3%/'=88/9%+.*3 '(&*3%*3%(*/;%3 *'*;)/8(.%(9@0*;7%%.%;3*7'3%+*(6 *+*-! -58./ +3%+, CD 38 THIS ISSUE WAS TAKEN UP WITH THE ASSESSEE. VIDE LETTER DATED 20.10.2014, THE ASSESSEE HAS SUBMITTED AS UND ER. ADDITION ON ACCOUNT OF DIFFERENCE IN CLOSING STOCK VALUE: THE LD. AO ADDED HUGE AMOUNT FT THE DUE OF THE DOS ING STOCK BASED ON THE VALUE OF THE LAST PURCHASE MADE WITHOUT APPRECIATING THE FACT THAT THE CLOSING STOCK VALUE WOULD BE DECIDED BASED ON COST OF MARKET VALUE WHICHEVER IS LOW ON THE CLOSING DATE. WE COULD NOT PROVIDE THE MARKET C LOSING RATE DURING THE COURSE F ASSESSMENT PROCEEDINGS DUE TO DEARTH IN TRUE, HOWEVER WE HAVE NOW PROVIDED ALL TH E DETAILS TO PROVE THAT THE VALUE ADOPTED BY US IS CORRECT A ND BASED ON THE ACCOUNTING POLICY WE FOLLOW. THE COMMENTS ON THE SAME IS EXPECTED FROM THE ASSESSING OFFICER ON THIS ALSO. 39. THE ADDITION MADE TO THE VALUE OF CLOSING STOCK IS CONSIDERED. THE AO HAS TAKEN THE PURCHASE MADE OF 3 251 KGS A N 31.3.2011 AS AGAINST THE CLOSING STOCK OF 2 4,500 KG OF GOLD DECLARED A CLOSING STOCK INVENTORY. THE PU RCHASE VALUES OF THE BALANCE STOCK ON DATES PRIOR TO 31.3. 2011 ARE NOT A AVAILABLE. THE ASSESSEE HAS BEEN CONTINUOUSLY MAINTAINING THE SAME METHOD FT R VALUING STOCK AS I N COST OR MARKET VALUE WHICHEVER IS LOWER. THE NOTINGS OF THE AO ARE CURSORY AND FULL FACTS OF THE ISSUE ARE NOT EXPLAIN ED. NO DETAILED AA1YSIS OF THE STOCK VALUE HAS BEEN MADE. THE AO HAS ACCEPTED THE METHOD OF STOCK VALUATION OF TH E SAME BUSINESS FOR ALL THE EARLIER AND LATER YEARS. THE E XPLANATION GIVEN BY THE ASSESSEE HAS ALSO NOT BEEN COUNTERED. CONSIDERING THE S ME, IT IS VIEWED THAT ANY VARIATI ON TO THE STOCK VALUE GIVEN BY THE ASSESSEE IS NOT WARRANTED. IN VIEW OF THE SAME, THE ADDITION ON ACCOUNT OF VARIATION I N CLOSING STOCK VALUE TO THE EXTENT OF RS.19,00,874 IS DELETE D. ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 40 -: 43. E/F,*,0/F 0%./9;% &*/'(%'*'9% %:6%'3/(7+% 8 J#4 $5<, 3/*;;>%38+>*'(83%379(/'8(*:*(7+9% ;3&&//'%+8 '9&% *: 166%*;2 ?*%3 ' (.% +%&*'3 +%6+( 8 (.% ;3 %/'=88/9%+3%;%(%379.3/*;;>*'9%'3 /*;;>*'9%8;%=*; %:6%'%8J!#$$$,&*3%8+(.%*&%+%*';3 &&//'%+ 8'9&%*:166%*;2*=*/'?*%3'*+%&*'3+%6 +(8(.%;3 %/'=88/9%++%(+/9(%3(.%3/*;;>*'9%(J! $<$$, 44. ' (.% *33/(/' 8 J-$$$$$$, 9'/3%+%3 * *' 7'7?(*'(/*(%3;*'8+&'%.+/ /(**/;3 &&//'%+8 '9&%*:166%*;27=.(*+%&*'3+%6+(8+&(. %;3%/'= 88/9%+*/3+%&*'3+%6+((*(%3*7'3%+, AN ADDITION OF RS.30,00,000 WAS RESORTED TO SINCE THE ASSESSEE DID NOT FILE A CONFIRMATION LETTER FROM TH IS LOAN CREDIT AS THE AMOUNT WAS SHOWN AS OUTSTANDING AS ON 31.3.2012. THE ASSESSEE HAS FURNISHED A LETTER ALONG WITH LED GER EXTRACT EXPLAINING THAT ORIGINALLY M/S. SHIV SAHAI & SONS HAD ADVANCED AN AMOUNT OF RS.30,00,000 TO PISTA BAI ON 1.4.2009. SUBSEQUENTLY, PISTA BAI IS SHOWN TO HAVE REPAID THIS AMOUNT IN TWO INSTALMENTS ON 3.6.2011 AND 14.6 .2012 DURING THE FY.2011-12 TO M/S. SHIV SAHAI & SONS (I) LTD. THE ASSESSEE SUBMITS THAT SINCE PISTA BAI WHO WAS A DEBTOR TO M/S. SHIV SAHAI & SONS HAD SUBSEQUENTLY BECOME A CREDITOR TO M/S. SHIV SAHAI & SONS (I) LTD . BUT SINCE THE TRANSACTION WAS SQUARED OFF ON 14.6.2 011, PISTA BAI CANNOT BE A CREDITOR IN THE BOOKS OF M/S. SHIV SAHAI & SONS( LNDIA) LTD. AS ON 31.3.2012. SINCE SH E CONTINUES TO BE A CREDITOR IN THE BOOKS OF M/S. SHI V SAHAI & SONS (INDIA) LTD AS ON 31.3.2012, IT IS SUBMITTED THAT THE HONBLE CIT(A) MAY UPHOLD THE ACTION OF THE AO IN T REATING THIS CREDIT ENTRY AS UNEXPLAINED . ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 41 -: 3&&//'%+8'9&%*:166%*;2.%;3(.*( *%%%.*3 6+6%+;)%:6;*/'%3(.%9+%3/(%'(+/%/'9%79.% '(+/%';)H7*+%3 76(.%3%?/(?*;*'9%/'(.%'*&%8(.%*/36%+' *66%*+/'=/'(.% ?@8(.%6+6+/%(+./6%*+;/%++7''/'=(.%? 7/'% 45. '(.%?*9@3+68*?0%>%8/+((*@%76(.%*66% *;*'3 9+*66%*;8(.%*%%%.+/*+%. +**3 =*+>*;/+(8 (.%/&67='%3*%&%'()%*+/*%&%'()%*+#$ $4,$*'3(.% =+7'3(*@%'?)(.%*%%%*+%+%6+379%3.%+%7' 3%+, 1. THE ORDER OF COMMISSIONER OF INCOME TAX (APPEALS) - 19 IS AGAINST THE FACTS OF THE CASE AND PRINCIPLE S OF NATURE JUSTICE. 2. THE LEARNED CIT (A) ERRED IN ADOPTING THE ACCOUNTS AS PROVIDED BY MLS. MMTC. 3. THE LEARNED CIT (A) FAILED TO UNDERSTAND THE FACT T HAT THERE WERE HUGE ERRORS IN THE STATEMENT OF ACCOUNTS AS PROVIDED BY M/S.MMTC AND THE ERRONEOUS ACCOUNTS AS PROVIDED BY M/S. MMTC CANNOT BE CONSIDERED AS THE B ASIS FOR FINALIZATION OF APPELLANT'S ACCOUNTS. 4. THE LEARNED CIT (A) FAILED TO APPRECIATE THE FACT T HAT BOTH THE APPELLANT AND M/S. MMTC WERE DISPUTING EACH OTH ER AND THAT THE MATTER WAS PENDING BEFORE HON'BLE MADR AS HIGH COURT. 5. THE LEARNED CIT(A) ERRED IN UPHOLDING THE ADHOC DRAWINGS FIXED BY THE LEARNED ASSESSING OFFICER. 6. MARGIN MONEY ADDITION: THE LEARNED CIT(A) FAILED TO APPRECIATE THE FACT THAT THE AMOUNTS COLLECTED IN M ARGIN ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 42 -: ACCOUNT REPRESENTED PART SALE CONSIDERATION THESE W ERE RECEIVED FROM PROSPECTIVE BUYERS AND ON RECEIPT OF THE BALANCE THE MARGIN MONEY WAS ACCOUNTED AS SA LES. THE LEARNED CIT(A) THOUGH PROVIDED RELIEF FROM DOUB LE TAXATION BUT FAILED TO UNDERSTAND THE FACT THAT NAM ES, ADDRESS, AND OTHER KYC NORMS WAS NOT APPLICABLE FOR SALES BELOW 2 LAKHS AND HENCE THE APPELLANT DID NOT MAINTAIN THE SAME, HENCE CONFIRMING THE ADDITION ON ACCOUNT OF UNEXPLAINED CREDITS IS BAD IN LAW. FOR THESE AND OTHER GROUNDS THAT MAY BE ADDUCED DUR ING THE COURSE OF HEARING, IT IS HEREBY PRAYED THAT THE ARBITRARY ADDITIONS AND DISALLOWANCES MAY KINDLY BE DELETED A ND THUS RENDER JUSTICE. 46. +7'3*&'=(.%*?0%=+7'3/=%'%+*;'% %3/'= '6%9/8/9*3B73/9*(/' 47. 37'%;8+(.%*%%%7?&/((%3(.*(=+7'3 #( >%+%'(+%;%0*'(8+*%&%'()%*+#$$4,$/'9% (.%+%>%+%' *33/(/'&*3%8+3/88%+%'9%/'9+%3/('(%/'(.* ()%*+99+3/'=;) (.%%=+7'3*+%3/&/%3*/;;9'9%/0%3 48. 30%+(/'= ( =+7'3 < ;3 7'%; 8+ (.% *% %% 7?&/((%3(.*(*3.93+*>/'=8+6%+'*;%:6%'3/( 7+%8/:%3?)(.% ;3 %/'= 88/9%+ >* >/(.7( 9'/3%+/'= (.% 8 *9( *'3 9/+97&(*'9%8(.%9*%99+3/'=(./&(.%+% >%+%';)87+ &%&?%+/'*%%%8*&/;)*'33+*>/'=.>'?) (.%*%%% >%+%788/9/%'(8+&%%(/'=(.%6%+'*;%:6%'3/(7 +% ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 43 -: 49. %+ 9'(+* ;3 %6*+(&%'(*; %6+%%'(*(/0% (+'= ;) 766+(%3(.%+3%+8(.%;3&&//'%+8'9 &%*:166%*;2 50. G%.*0%9'/3%+%3(.%+/0*;9'(%'(/'*'36%+7% 3(.% +3%+8(.%*7(.+/(/%?%;>+*>/'=.>'?) (.%*%%%8+ (.% )%*+ /' >./9. *33/(/' >%+% &*3% 8+ /'788/9 /%'9) >%+% * 7'3%+, *&% #$$4 , $ #$$ , $! #$$! , $5 #$$5 , $ #$# , - *+%. +* *3 =*+>*; -<< $<<4 5<<$< <*; !$$$ -455 45-! $$$$ ##$ 7''/%0/ !$$$ !$$$ <$$$ <$$$ 4$$$$ *?/(.*=*+>*; !$$$ !$$$ <$$$ 44$$$ !$$$ TOTAL 279475 380255 372643 748725 765383 ;*/&8(.%*%%%/(.*((.%*?0%3+*>/'=>% +%788/9/%'(8+ &%%(/'=(.%;/0/'=9(8/(8*&/;)33/(/'6+ 6%3?)(.%;3 %/'= 88/9%+ >./9. >* 9'8/+&%3 ?) (.% ;3 &&//'%+ 8 '9&%*:166%*;2>*J4!$$$$,8+*%&%'( )%*+#$$4,$ '7+6/'/''(./'=>*?+7=.('+%9+3?)(. %;3%/'= 88/9%+ ( B7(/8) .> .% 9'/3%+%3 (.% 3+*>/'= .>' ?) (.% *%%%(?%/'*3%H7*(%;*/&8(.%*%%% (.*(./8*&/;) 9'/(%38';)87+6%+'>*'(+%?7((%3?) (.%%0%'7%';) 9'9;7/'(.*(9*'?%3+*>'/(.*((.%*33/(/'> *&*3%'* ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 44 -: 7+&/%.%%*%&%'(.*0/'=?%%'3'%67+7* '((*%*+9. 7<- 8 (.% 9( (.%+% >* ' 96% 8+ 79. *3 3/(/' G% (.%+%8+%3%;%(%(.%*33/(/'&*3%8+/'*3%H7*(% 3+*>/'=+7'3 <8(.%*%%%(*'3*;;>%3 51. ;;73/'= ( =+7'3 4 ;3 7'%; 8+ (.% *% %% 7?&/((%3 (.*( >.*( >* *33%3 74! 8 (.% 9( +%6 +%%'(%3 (.% 9*. *;% 8 (.% *%%% 99+3/'= ( ./& (.%+ % >* ' A' +%H7/+%&%'(8+9*.*;%37+/'=(.%/&67='%3* %&%'()%*+ '(%'(/'8(.%;37(.+/%3%6+%%'(*(/0%>* (.*((.%+%>*' '%9%/()(+%9+3(.%'*&%8(.%97(&%++./ 7&?%+ 6%+(.%;37(.+/%3%6+%%'(*(/0%(.%+%>%+%' 9+%3/(*;%/'(.% ;/'%8(.%?7/'%3'%?)(.%*%%%99+ 3/'=(./&&*+=/' &'%) 9;;%9(%3 8+& 97(&%+ >.%' (.%) 6;*9%3 +3 %+>%+% *;; 6*+( 8 (.% *;% 9'/3%+*(/' 6%+ (.% ;3 7( .+/%3 %6+%%'(*(/0%>.%'97(&%+6*/379.&*+=/'& '%)*&*;;9./( '(/'=(.%*&7'(>*/7%3'(.%%0%'/'=8( .%3*)+(.%3*) *8(%+>.%'3%;/0%+)8?7;;/'>*&*3%(.%;/6 >%+%+%(7+'%3?) (.%97(&%+*'3(.%?*;*'9%9*.37%'(.%*;% >*+%9%/0%38+& (.%97(&%+6%+(.%;37(.+/%3%6+%%'(* (/0%(*:/'=(.% 6%*@9+%3/(/'?7;;/'&*+=/'>7;3?%%H7/0*;%'(( (*:/'=(.%=+ *;%99+3/'=(./&'(.%9;/'=3*(%8%0 %+)8/'*'9/*;)%*+ ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 45 -: (.% *&7'( (*'3/'= 7'3%+ ?7;;/' &*+=/' &'%) *99 7'( >* (+*'8%++%3((.%*;%*997'(./%'(+)?)/( %;8*6%+(.%;3 7(.+/%3 %6+%%'(*(/0% 6+0%3 (.% '*(7+% 8 (.% (+*'*9(/' 99+3/'=(./&%9(/'4!8(.%9(.*3'*66 ;/9*?/;/()>.%' &'%)>*+%9%/0%3'*;%8=3'(%'(/'8 (.%;37(.+/%3 %6+%%'(*(/0%>*(.*(A''+&?%/'='(*66;/9* ?;%8+(.%9*. *;%/'9%(.%0*;7%8(.%+%;*(%3(+*'*9(/'3 /3'((+*'=+%(.% ;/&/( 7'3%+ (.% */3 '+& * ;'= * 9*. +%9%/6 ( >%+% 37;) *997'(%3 * *;% *' *33/(/' 74! 8 (.% 9( > 7;3 +%7;( /' 37?;%*33/(/' 52. %+ 9'(+* ;3 %6*+(&%'(*; %6+%%'(*(/0% (+'= ;) 766+(/'=(.%+3%+8(.%;>%+*7(.+/(/%7?& /((%3(.*('9% *%%%9+%3/(%39*./'/(?@>.*(%0%+?%( .%'&%'9;*(7+%/( >*?7'3(+%9+3(.%'*&%8(.%6%+'>.*30* '9%3(.%&'%) *'3 ( 6+0% (.% 7+9% '(%'(/' 8 (.% ;3 %6 *+(&%'(*; %6+%%'(*(/0%>*(.*(*%%%>*.*0/'='+%9 +3(.>(.% 3%(*/;+7+9%8(.%6%+'8+&>.&(.%&' %)>*+%9%/0%3 '(%'(/'8(.%;3%6*+(&%'(*;%6+%%'(*(/0%> *(.*(6+8/( 766+%%3?)7'3%+6+/9/'=/(*;%>*6;7=.%3 ?*9@*?7;;/' &*+=/' &'%) 99+3/'= ( ./& *33/(/' &*3% ?) (.% ;>%+ *7(.+/(/% >%+% ';) 8+ (.% 6%*@ /' 79. ?7;;/' &*+=/' &'%) ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 46 -: *997'(6%+(.%;3%6*+(&%'(*;%6+%%'(*(/0 %/8%9(/'4!8 (.%9(>*(+/9(;)*66;/%3%0%+)+%9%/6(8&*+ =/'&'%)8+>./9. *%%%8*/;%3(=/0%*')9'8/+&*(/'+3%(*/; *'*33/(/'7=.( .*0%?%%'&*3%6%+(.%;3 %6*+(&%'(*;%6+%% '(*(/0%;3 &&//'%+8'9&%*:166%*;2>*B7(/8/%3 /'9'8/+&/'=(.% *33/(/'&*3%7'3%+%9(/'4!8(.%9(%0%+( .%;%*6%+(.% ;3 %6*+(&%'(*; %6+%%'(*(/0% ;3 &&//'%+ 8 '9&% *: 166%*;2 8%;; /' %+++ /' *;;>/'= (%;%96/'= 8 79. 6%*@ ?7;;/' &*+=/'&'%)>/(.(.%+%9+3%3*;%6%+(. %;3%6*+(&%'(*; %6+%%'(*(/0%(%;%96/'=>**;+%*3)*;;>%3?) (.%;3%/'= 88/9%+ *=*/'( 766+%%3 *;% 3 %6*+(&%'(*; %6+%%'(*(/0% 6/'(%37((.*(%6*+(&%'(/'/(*66%*;>** */;/'=(.%3/+%9(/' =/0%'?)(.%;3&&//'%+8'9&%*:166%* ;28+%((/'=88 (.% 6%*@ /' ?7;;/' &*+=/' &'%) >/(. (.% 3/9;%3 *;% 8 (.% *%%% 53. G%.*0%9'/3%+%3(.%+/0*;9'(%'(/'*'36%+7% 3(.% +3%+8(.%*7(.+/(/%?%;>'(%'(/'8(.% *%%%/(.*(/( &376%+*'3/86%+*(/'+%H7/+%3/((*99%6( 9*.*&*+=/' >.%'97(&%+6;*9%3+3%+*'3(./>*H7*+%3 76>.%'?7;;/' >*766;/%3((.%97(&%+;*(%+/'(.%3*)+'% :(8%>3*)6%+ (.%*%%%?7;;/'>**;>*)766;/%3((.%97 (&%+%/(.%+?) ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 47 -: (.%%'38(.%0%+)*&%3*)+>/(./'*8%>3*) 8+&(.%+%9%/6(8 *30*'9%7+(.%+*6%+(.%*%%%9'/3%+/'= (.%0;7&%8 (+*'*9(/'/(>*'(6/?;%8+/((&*/'(*/ '%6*+*(%+%9+38+ %*9.?7)%+%;%0*'(?%+0*(/'8(.%;3% /'=88/9%+.*?%%' +%6+379%3 ?) 7 *( 6*+* 76+* 3 %/'= 88/9%+ 87'3 '%=*(/0%?*;*'9%/'?7;;/'&*+=/'*997'(*(;%*( '(>3*)0/F #$$*'3#<#$$((.%(7'%8J<5-;*@ .*'3J# ++% 6%+ (.% ;3 %/'= 88/9%+ (.%% >%+ % '( 6+6%+;) %:6;*/'%3?)(.%*%%%%%%.*3*;;*;'= (*(%3(.*(/(>* '(/'37;=/'=/'*')9+%3/(*;%?7(3/'=';)9 *.*;%.%+%/ '3/67(%(.*(&'%)(*'3/'=/'9+%3/(/'(.%?7; ;/'&*+=/'*997'( >*9'/(%'(;)(+*'8%++%3(*;%&&//'% +8'9&%*: 166%*;2.*+%9='/F%3(./>.%'.%*;;>%3%(, 8886%*@9+%3/( ?7;;/' &*+=/' *997'( >/(. (.% *997'(%3 *;% 8 (.% *%%% (.7=.%6*+(&%'(/*==+/%0%3'79.%(,88 .%+%/*;' 3/67(%(.*((.%+%>*'?*;*'9%/'(.%?7;;/'&* +=/'&'%)*997'( *((.%%'38*')8/'*'9/*;)%*+/'9%*;;9+%3/( /'79.*997'((3 (+*'8%++%3(*;%@8*997'(8(.%* %%%+%;/%3'?) (.%%/'=88/9%+8+&*@/'=(.%*%&%'(7 '3%+%9(/'<- 8(.%9(>%+%(.%*&%*6+379%3?)(.%*% %%37+/'=+/=/'*; *%&%'(6+9%%3/'=(>*'(*%(86*+*;;% ;?@ &*/'(*/'%3 ?) (.% *%%% '9+/&/'*(/'= 397&%'( +%;/%3 76 ' ?) (.% ;3 ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 48 -: %/'= 88/9%+ >./9. .* ?%%' +%8%++%3 ?) ;3 &&//'%+ 8 '9&%*:166%*;2*(6*+*<8./+3%+*+%' ;)(>3/*+/% '7&?%+%3*A ,4*'3E/* +), .%%+%9+33/3'(=97'(%+((.%?@8*9 97'(%:9%6(8+ (.% +*(% 3/88%+%'9% /' 9*. *;% >.%' 9&6*+%3 ( (.% +*(% &%'(/'%3 /' (.% %/F%3 3/*+) .% %/F%3 3/*+/% 6%+(*/'%3 ( 9*;%'3*+ )%*+ #$$ *'3 #$ *'3 (.%+% >* ' %/F 7+% 8 *') 3/*+/% 8+%*+;/%++7?%H7%'()%*+%%%D*%+(/ '(.*((.%+% >%+%'3/*+/%8+%*+;/%+)%*+>%+%'%0%+3/6+ 0%3?)(.%%0%'7% 8 *( *;; 79. 3/*+/% >%+% (.%+% 8+ (.% %*+;/%+ )%*+ /' %0%+) 6+?*?/;/()/(>7;3.*0%?%%'87'3*((.%(/&% 8%*+9.%0%'7% .*'(6/'(%37(*')(./'=/'(.%%/F%33/*+/% >./9.97;3.%;6 +%*9.*9'9;7/'(.*(&*+=/'&'%)+%9%/0%38+& 97(&%+8+ ?7;;/'>%+%>.;;)7'%:6;*/'%39+%3/( +%7&6(/ '7'3%+%9(/' -#128(.%9(9*'766+((.%9;*/&8(.%* %%%(.*(?7;;/' &*+=/'&'%)>*';)*6*+(9'/3%+*(/'+%9%/0%3 8+/(*;% .% %'(+/% (+*'8%++/'= (.% 7& (*'3/'= /' 9+%3/ ( /' (.% ?7;;/' &*+=/'&'%)*997'((*;%*997'(>%+%'%0%+8 7'3(?%?=7 '++%B%9(%3?)%0%'7%;;(.%%/'7+6/'/' /'3/9*(%(.*(9+%3/( /' ?7;;/' &*+=/' &'%) *997'( 97;3 .*0% ?%%' 6*+ ( 8 *;% 9'/3%+*(/' ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 49 -: 54. %9(/'4!8(.%9(/>./9.*66/(%.%+%/+%6 +379%3 .%+%7'3%+, WHERE ANY SUM IS FOUND CREDITED IN THE BOOKS OF AN ASSESSEE MAINTAINED FOR ANY PREVIOUS YEAR, AND THE ASSESSEE OFFERS NO EXPLANATION ABOUT THE NATURE AND SOURCE THEREOF OR THE EXPLANATION OFFERED BY HIM IS NOT, IN THE OPINION OF THE ASSESSING OFFICER, SATISFACTORY, THE SUM SO CREDITED MAY BE CHARGED TO INCOME-TAX AS THE INCOME OF THE ASSESSEE OF THAT PREVIOUS YEAR. .% ;*97'*% /' (.% %:6;*'*(/' 88%+%3 ?) (.% *% %% >* /( /'*?/;/() ( =/0% (.% /3%'(/() 8 %*9. 8 /( 97( &%+ >%0%+ %:6;*'*(/' 8 (.% *%%% (.*( +%9%/6( >%+% '( ./'= ?7( 6*+( 9'/3%+*(/'+%9%/0%38+*;%.*'(?%%'87'3 /'9++%9('(.% 8*9(*'39/+97&(*'9%>%9*''(*)(.*((.%%:6 ;*'*(/'=/0%'?) (.%*%%%>*7'*(/8*9(+).7=.%9(/'4! 8(.%9(>* +/=.(;) /'0@%3 9'/3%+/'= (.% 8*/;7+% 8 (.% *% %% ( =/0% (.% /3%'(/()8/(97(&%+>.=*0%*30*'9%/'9*. *'367+9.*%3/' 9*.79.*33/(/'.*(?%+%(+/9(%3(%:(%'( /(/'(+%8;%9(%3/' *;%*:/'=(.%9+%3/(/'?7;;/'&*+=/'&'%)* 997'(*'3*;% >7;3?%%H7/0*;%'(((*:/'=(.%*&%*&7'((>( /&%%'9% %9(/'4!8(.%9(/'7+6/'/'9*'?%/'0@% 3';)8+(.% *&7'(>./9.*+%'(+%8;%9(%3/'*;%.7>. /;%.;3/'=(.*((.% ;3&&//'%+8'9&%*:166%*;2>*B7(/8 /%3/'9'8/+&/'= (.%*33/(/'8+9+%3/(/'?7;;/'&*+=/'&'%)*9 97'(>%3/+%9((.% ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 50 -: ;3 %/'= 88/9%+ ( +%>+@ 79. *33/(/' ?) %: 9;73/'= &*+=/' &'%)9+%3/(((.%%:(%'(*997'(%3/'*;%/' (.%*&%8/'*'9/*; )%*+'(.%+%7;(=+7'348(.%*%%%/ 6*+(;)*;;>%3 55. >>%(*@%76*66%*;8(.%%0%'7%8+*%&%' ()%*+ #$$4,#$$ 56. +7'3(*@%'?)(.%%0%'7%*+%+%6+379%3.%+%7' 3%+, CD 1. THE ORDER OF THE LEARNED COMMISSIONER OF INCOME TAX (APPEALS) IS ERRONEOUS ON FACTS OF THE CASE AND IN LAW. 2. THE LEARNED CIT(APPEALS) ERRED IN DELETING THE A DDITION OF RS. 1,06,84.527/- MADE TOWARDS SUPPRESSION OF SALE AMOUNTS OF GOLD BULLION MADE BY THE AO, IN THE ASSE SSMENT ORDER PASSED U/S 143(3) R.W.S 153A OF THE INCOME TA X ACT, 1961, FOR A.Y 2006-07 IN THE ASSESSEE'S CASE. 2.1 THE ID.CIT(A) OUGHT TO HAVE APPRECIATED THE FAC T THAT THE ASSESSEE HAS DELIBERATELY UNDER INVOICED ITS CA SH SALES MADE TO BUYERS WITHOUT BILLS AS COMPARED WITH SALES MADE TO JEWELLERS WITH BILLS RESULTING IN HUGE DIFFERENC E BETWEEN THE TWO WHEN BOTH THE SALES WERE MADE IN CASH. 2.2. THE LEARNED CIT(A) ERRED IN ALLOWING RELIEF ON THE GROUND THAT THE AO HAS NOT SUBJECTED THE BOOKS OF A CCOUNT TO SPECIAL AUDIT, OVERLOOKING THE MODUS OPERANDI OF THE ASSESSEE, DISCUSSED IN DETAIL IN THE ASSESSMENT ORD ER, AND ALSO THE REASONS RECORDED BY THE AO FOR NON-REJECTION OF BOOKS OF ACCOUNT IN PARA 7.19 OF THE ASSESSMENT ORDER FOR A.Y 2011-12, ON THE BAS IS OF WHICH, ADDITION WAS MADE IN THE ASSESSMENT ORDER FO R A.Y. 2006-07 IN THE ASSESSEE'S CASE. 2.3. THE LEARNED CIT(A) IS NOT JUSTIFIED IN ALLOWIN G RELIEF ON THE BASIS OF SALES TAX ORDERS SUBMITTED DURING THE APPEAL PROCEEDINGS AS AN ADDITIONAL EVIDENCE, WITHOUT GIVI NG AN OPPORTUNITY TO THE AO UNDER RULE 46A OF THE IT RULE S, 1962. 2.4. HAVING HELD THAT PARALLEL SET OF BOOKS OF ACCO UNTS WERE NOT FOUND IN THE ASSESSEE'S CASE, THE LEARNED CIT(A ) OUGHT TO HAVE APPRECIATED THAT IN THE MODUS OPERANDI EMPL OYED ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 51 -: BY THE ASSESSEE THERE IS NO NEED FOR 'PARALLEL' SET OF BOOKS SINCE THE EXACT QUANTUM OF SUPPRESSION OF CASH SALE S AMOUNT AND THE AMOUNT INTRODUCED IN BULLION MARGIN ACCOUNT WAS KNOWN ONLY TO THE ASSESS EE OR HIS SON AND THE FACT OF SUPPRESSION OF CASH SALES W AS ENTIRELY WITHIN THEIR KNOWLEDGE 2.5. THE LEARNED CIT(A) HAVING DELETED THE ADDITION BY ACCEPTING THE EXPLANATION OF THE ASSESSEE AS TO WHY THE SELLING RATE COULD BE LESSER THAN INVOICE PURCHASE RATE WHEN THE REAL ISSUE AT HAND WAS WHY THE SELLING RATE AS PER CASH BILLS WAS LESS THAN THAT OF SELLING RATE AS PER BILLS TO JEWELLERS (TO BE ACCOU NTED BY PURCHASERS) WHEN THERE IS NO DIFFERENCE BETWEEN THE M WHILE FIXING THE RATES AS PER SEIZED DIARIES AND AS ADMITTED BY THE ASSESSEE U/S 131 THAT 'IN BULLION TRADE THER E IS NO CREDIT SALES IN THE NORMAL MEANING' (WITH HIGHER MARGIN WHEN COMPARED TO CASH SALES) 2.6 THE ID.CIT(A) OUGHT TO HAVE APPRECIATED THE VAR IOUS CIRCUMSTANTIAL EVIDENCES AND FACTS GATHERED BY THE AO IN THE FORM OF OBTAINING THE RATES FROM VARIOUS REGIST ERED PROFESSIONAL JEWELLERS' ASSOCIATIONS, THE SALES TAX AUTHORITIES AS WELL AS FROM THE SWORN STATEMENTS OF THE ASSESSEE'S STAFF TO PROVE THE FACT OF DELIBERATE SU PPRESSION OF SALES BY THE ASSESSEE THROUGH SUCH NON-GENUINE BUSINESS TRANSACTIONS AND OUGHT TO HAVE CONFIRMED T HE ADDITION MADE IN THE ASSESSMENT FOR A.Y 2006-07 IN THIS CASE. 3. THE LEARNED CIT(A) ERRED IN DIRECTING THE AO TO REDUCE THE 'SALES ACCOUNTED TOWARDS MARGIN MONEY IN THE CORRESPONDING YEARS' WHILE CONFIRMING THE ADDITION OF RS. 7,79.69,000/- MADE BY THE AO U/S 68 OF THE I.T ACT, TOWARDS PEAK CREDIT ON ACCOUNT OF MARGIN MONEY RECEIVED BY THE ASSESSEE. IN THE ASSESSMENT FOR A.Y 2006-07 IN THE ASSESSEE'S CASE 3.1 THE ID.CIT(A) OUGHT TO HAVE APPRECIATED THAT WHILE COMPUTING THE PEAK CREDIT (AS PER DETAILED WORKING SHEETS, FOR THE AY.S 2006-07 TO. 2010-11 ANNEXED TO THE ASSESSMENT ORDER FOR AY 2011-12) THE ADJUSTMENTS HA VE ALREADY BEEN TAKEN INTO ACCOUNT BY THE AO AND THERE IS NO DOUBLE ADDITION AS CLAIMED BY THE ASSESSEE. 3.2. THE ID.CIT(A) HAS ERRED IN DIRECTING TO ALLOW RELIEF FROM THE SALES WITHOUT APPRECIATING THAT THE PEAK CREDIT ADDITION MADE IS TOWARDS UNEXPLAINED CREDITS INTRODUCED I.E FOR THE ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 52 -: REASONS THAT NO DETAILS FROM WHOM RECEIVED ETC WERE FURNISHED BY THE ASSESSEE WITH RESPECT TO SUCH BUYE RS FROM WHOM THE AMOUNTS WERE STATED TO HAVE BEEN RECEIVED. 3.3. THE ID.CIT(A) OUGHT TO HAVE APPRECIATED THAT T HE FACT THAT THE SAID AMOUNTS WERE ALSO ACCOUNTED FOR AS SA LES, DOES NOT ABSOLVE THE ASSESSEE FROM THE LIABILITY OF PROVING THE SOURCE OF SUCH CREDITS IRRESPECTIVE OF WHETHER THE SAME WERE ADJUSTED AGAINST SALES OR ANY OTHER TRANSACTIONS THEREAFTER UPON SUCH RECE IPT. 4. THE ID. CIT(A) ERRED IN DELETING THE DISALLOWANC E OF PROPORTIONATE INTEREST OF RS.3,72,452/- ON THE INTE REST BEARING FUNDS DIVERTED FOR INTEREST FREE ADVANCES, MADE BY THE AO, IN THE ASSESSMENT ORDER PASSED U/S 143(3) R .W.S. 153A OF THE IT AD FOR THE AY. 2006-07 IN THE ASSESS EE'S CASE. 4.1 HAVING HELD THAT THE ASSESSEE WAS WELL WITHIN H IS LENDING CAPACITY TO ADVANCE MONIES WITHOUT CHARGING INTEREST OUT OF OWN CAPITAL AS WELL AS INTEREST FRE E ADVANCE RECEIVED, THE ID. CIT(A) OUGHT TO HAVE APPRECIATED THAT THE ASSESSEE HAS NOT FURNISHED THE DETAILS OF THE AVAILABILITY OF INTEREST FREE FU NDS AS ON THE DATE OF MAKING THE INTEREST FREE ADVANCE. 5. THE LEARNED CIT(A) ERRED IN DELETING THE DISALLO WANCE OF CAR MAINTENANCE EXPENSES OF RS.171 ,724/- MADE BY T HE AO, TOWARDS PERSONAL NATURE INVOLVED, IN THE ASSESS MENT ORDER PASSED U/S 143(3) R.W.S. 153A OF THE IT ACT F OR THE AY. 2006-07 IN THE ASSESSEE'S CASE, ON THE GROUND THAT CONSIDERING THE VAST BUSINESS OF THE ASSESSEE, THE DISALLOWANCE OF EXPENSES INCURRED TOWARDS RUNNING AND MAINTENANCE O F CARS APPEARS UNWARRANTED. 5.1 THE ID.CIT(A) OUGHT TO HAVE APPRECIATED THAT TH E ASSESSEE HIMSELF HAD ADMITTED TO USING THE CARS FOR PERSONAL BENEFIT IN HIS SWORN STATEMENT U/S 131 OF IT ACT, RECORDED ON 12-3-2014 AND THEREFORE OUGHT TO HAVE U PHELD THE DISALLOWANCES MADE TOWARDS THIS ACCOUNT. 6. FOR THESE GROUNDS AND ANY OTHER GROUND INCLUDING AMENDMENT OF GROUNDS THAT MAY BE RAISED DURING THE COURSE OF THE APPEAL PROCEEDINGS, THE ORDER OF LEAR NED CIT(APPEALS) MAY BE SET ASIDE AND THAT OF THE ASSES SING OFFICER BE RESTORED. ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 53 -: 57. +7'3 *'3 4 *+% =%'%+*; '%%3/'= ' 6%9/8/ 9 *3B73/9*(/' 58. 30%+(/'= ( =+7'3 # ;3 7'%; 8+ (.% %0%' 7% 7?&/((%3(.*(*%%%.*3%88%9(%39*.*;%8? 7;;/'*(*+*(% ?%;>(.%*9/*(/'+*(%8+(.%/&67='%3*% &%'()%*+ 6%+(.%;3%6*+(&%'(*;%6+%%'(*(/0%(.%+%>* 3%;/?%+*(%7'3%+ /'0/9/'=89*.*;%*'3(.%+%>*'B7(/8/9* (/'8+%;;/'=*(* +*(%;>%+(.*'(.%+*(%*(>./9.*;%>%+%&*3% (B%>%;;%+ 6%+(.%;3%6*+(&%'(*;%6+%%'(*(/0%;3&&/ /'%+8'9&% *:166%*;26;*9%37'37%+%;/*'9%'*;%(*: *%&%'(+3%+ 6+379%3?)(.%*%%%>./9.>*'%0%+6+379%3 ?%8+%(.%;3 %/'=88/9%+99+3/'=(./&(.%+%>*9; %*+0/;*(/'87;% 48(.%'9&%*:7;%54#*>%;;7+(.%+ *6%+(.%;3 %6*+(&%'(*; %6+%%'(*(/0% *%%% .*3 3%;/?%+* (%;) *0/3%3 6+379(/'83/*+/%8+)%*+6+/+(*%&% '()%*+#$,#$# 79.3/*+/%*6%+(.%;3%6*+(&%'(*;%6+%%'(* (/0%/'3/9*(%3(.% +*(%(?%./=.%+(.*'>.*(>%+%?/;;%38+9*. *;%99+3/'=( ./&*%%%D?@3/3'(+%8;%9((.%*9(7*;(+ *'*9(/'.%+% >%+%*'7&?%+83%8%9(6/'(%37(?)(.%;3 %/'=88/9%+ '(%'(/'8(.%;3%6*+(&%'(*;%6+%%'(*(/0% >*(.*(;3 .*3 9*+%87;;) 0%+/8/%3 (.% +*(% *( >./9. *%% % ;3 =;3 ( ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 54 -: B%>%;%+*'387'3/((?%./=.%+(.*'(.%+*(%*( >./9.9*.*;% >%+%%88%9(%36%+(.%;3%6*+(&%'(*;%6+%%' (*(/0%'=3 +%*'>*.>'?)(.%*%%%8+%;;/'=?7;;/ '/'9*.*(*+*(% >./9.>*J<,(J$,;>%+6%+=+*&>.%'9&6*+% 3((.%*;% (B%>%;;%+6%+(.%;3%6*+(&%'(*;%6+%%' (*(/0%*%%% .*3/'./(*(%&%'(=/0%'((.%;3%/'=88 /9%+*9@'>;%3=%3 (.*((.%+%>%+%'9+%3/(*;%/'?7;;/'(+*3%*' 3'3/88%+%'(/*;+*(% >%+%%0%+*66;/%3'79.*9%'*+/*6%+(.% ;3%6*+(&%'(*; %6+%%'(*(/0%(.%;3%/'=88/9%+.*3&*') 6(/'*0*/;*?;% >/(../&/'9;73/'=(.%6(/'8+%B%9(/'=(.%? @*'3&*@/'=*' *33/(/'8+=+6+8/(>%0%+*99+3/'=(. /&;3%/'= 88/9%+.*36(%3(*66;)(.%+*(%9.*+=%3?)* %%%'/(*;% ( B%>%;%+ ' /( *9+ (.% 97'(%+ *;% 8+ H 7*'(/8)/'= (.% 766+%/''(%'(/'8(.%;3%6*+(&%'(*;% 6+%%'(*(/0%>* (.*((./>*(.%&(*66+6+/*(%&%(.3>./9.9 7;3?%7%38+ 9&67(/'=(.%766+%/'/'*;%7'3%+(.%8*9( *'39/+97&(*'9% 8 (.% 9*% 6%+ (.% ;3 %6*+(&%'(*; %6+%%'( *(/0% ;3 &&//'%+8'9&%*:166%*;28%;;/'%+++ /'3%;%(/'=(.% *33/(/'>./9.>%+%9++%9(;)>+@%37(?)(.%;3 %/'=88/9%+ 59. %+ 9'(+* ;3 7(.+/%3 %6+%%'(*(/0% (+'=; ) 766+(/'=(.%+3%+8(.%;3&&//'%+8' 9&%*:166%*;2 ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 55 -: 7?&/((%3(.*(?@+%;/%3'?)(.%;3%/'= 88/9%+8+&*@/'= (.% *33/(/' >%+% (.% 0%+) *&% >./9. >%+% 6+379 %3 ?) (.% *%%%?%8+%(.%;3%/'=88/9%+37+/'=(. %97+%8+/=/'*; *%&%'( 6+9%%3/'= 99+3/'= ( ./& (.%+% >% +% ' /'9+/&/'*(/'=&*(%+/*;87'3*((.%(/&%8%*+9 .6%+(.%;3 7(.+/%3%6+%%'(*(/0%+%,9&67(*(/'86+8/( >*&*3%?)(.% ;3 %/'= 88/9%+ 67+%;) ' 7+&/% 3 7(. +/%3 %6+%%'(*(/0%7?&/((%3(.*(*%%%>*'(8;; >/'=*9/*(/' +*(%8+%;;/'=?7;;/'?7(>*8;;>/'= >/( .*3B7(&%'(8+ %:9.*'=%+*(%3/88%+%'9%/&6+(37()%(999+3 /'=(./&*;% &*3%(B%>%;%+?*%3'9.%H7%+%9%/0%38+&(.% &+%H7/+%3* 976;%83*)*(;%*(8+9;;%9(/'>.%+%**9+ (.%97'(%+9*. *;%?+7=.(/'/&&%3/*(%+%*;/F*(/'8&'%). /*6%+(.%;3 7(.+/%3%6+%%'(*(/0%*;>*)%'97+*=%3(.%* %%%(88%+ ;/=.(;);>%++*(%8+9*.*;% 60. 30%+(/'=((.%3/88%+%'9%?%(>%%'+*(%&%'(/' %3/'(.% 3/*+)*'3+*(%9.*+=%38+9*.*;%;37(.+/ %3%6+%%'(*(/0% 7?&/((%3(.*( +*(%'(%3/'(.%3/*+)>*8 +$55567+/() =;3>.%+%*=;3(+*3%3?)(.%*%%%>*8 $55<67+/() 99+3/'=(./&?7;;/'(+*3/'=>*3/88%+%'(8+ &(.%+?7/'% *'3*%%%97;3'(.*+%*;;(.%%9+%(>/(. /(%&6;)%% ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 56 -: 6%+ (.% ;3 7(.+/%3 %6+%%'(*(/0% %&6;)%% >% +% =/0%' /'8+&*(/' ?*%3 ' (.% '%%3 ( @'> 6+/'9/6;% E/ ,M,0/ (.% *+=7&%'( 8 (.% ;3 7(.+/%3 %6+%%'(*(/0% (.*( *;% (*: *%&%'(+3%++%;/%3'?)(.%;3&&//'%+ 8'9&%*: 166%*;2 >* '%0%+ 6;*9%3 ?%8+% (.% ;3 %/'= 88/9%+ 7?&//' 8 (.% ;3 7(.+/%3 %6+%%'(*(/0% >* (.*( *;% (*: *%&%'(>%+%'((.%;%+%*'8+&&//' %+8'9&% *: 166%*;2 3%;%(/'= (.% *33/(/' 99+3/'= ( ./& /( >* 9'/3%+%3';)**9;;*(%+*;%0/3%'9% 37(. +/%3%6+%%'(*(/0% 6/'(%37(*;%?/;;$ 3*(%3#$!#$ $*'3-5*'3 43*(%3-##$$>./9.+%8;%9(%3*;%/'9*. *(+*(%&+%(.*' >.*(>*9.*+=%3(B%>%;%+.7*99+3/'=(. /&8/'3/'=8(.% ;3%/'=88/9%+>*/'9++%9(7+(.%+*6% +(.%;37(.+/%3 %6+%%'(*(/0% ;3 %/'= 88/9%+ 8%;; /' %+++ /' +%;)/'= ' * (*(%&%'( (*@%' 8+& '% 8 (.% %&6;)%% >./;% &*@/'= (./ %(/&*(%3*33/(/'99+3/'=((.%;37(.+/ %3%6+%%'(*(/0% ;3&&//'%+8'9&%*:166%*;2>*B7(/8 /%3/'3%;%(/'=(.% *33/(/'&*3%8+766+%/'8*;% 61. G%.*0%9'/3%+%3(.%+/0*;9'(%'(/'*'36%+7% 3(.% +3%+8(.%*7(.+/(/%?%;>%(.3*36(%3? )(.%;3%/'= 88/9%+8+9*;97;*(/'=(.%*;;%=%3766+%/'/' 9*.*;%.*?%%' ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 57 -: +%6+379%3?)7*(6*+*5*?0%.%+%*+%87+& */'+%*'9/(%3 ?)(.%;3%/'=88/9%+8+3/?%;/%0/'=(.%+ *(%*(>./9.9*. *;%>%+%%88%9(%3?)(.%*%%%.%%*+%./ =.%++*(%9.*+=%3 (B%>%;%++*(%?%/'=;>%+(.*'9/*(/'+*( %+*(%H7(%3?) /33.//33./7;;/'7&?*/+*(%'(%3/' %/F%33/*+)?%/'= ./=.%+ *'3 (.% 3%6/(/' 8 .+/ E/B*)*?*?7 >. (*(%3 (.*( (.% 6+6+/%(+@%6(*;;&*((%++%=*+3/'=+*(%(./& %;8*'3'%0%+.*+%3 /(>/(../%&6;)%% %(7(*@%(.%%'%?)' %*(%9.*+=%3 8+9*.*;%*6%+*%%%>%+%;>%+/'9%( .%)3/97'(%3(.% ?7)%+&*+=/'*'38;;>%3 +*(%G%8/'3(.% +%>%+%*'7&?%+ 8 /'(*'9% >.%+% *%%% .*3 9.*+=%3 ;%%+ ' / ( B%>%;;%+) 97(&%+ (.*' 8+ 9*. *;% '0/9% '7&?%+ !!4 3*(%3 #4$#$$ 6;*9%3 *( -$ *'3 /'0/9% '7&?%+ 5 3*(%3 #4$#$$6;*9%3*( -*+%%:*&6;%+&%+/ *9*.?/;;*'3 +*(%6%+@=8=;3/.>'*J!!!!#>.%+ %*;*((%+/* 9+%3/(?/;;*'3+*(%6%+@=/.>'*J!#!# !/&/;*+/'0/9% >/(.;>%++*(%8+9.%H7%*;%/*0*/;*?;%8+# $!#$$*;1 6*=%< 42%%%*>%;;*%/'=88/9 %+*+%'%/'(.*( *%%%.*3'9+%3/(*;%*'3>.*(>*(%+&%3* 9+%3/(*;%>%+% *;%(B%>%;;%+)8+>./9.6*)&%'(>%+%+%9%/0%3 ?)9.%H7%+ (.+7=.?*'@.*(*6*+(+%*;/F*(/'8&'%)'9. %H7%*;%3 .*0%*(/&%;*=>./9.9*'(+%(9.(*976;%+& +%3*)*'3(.%+% ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 58 -: /'(./'=>./9.(66%3(.%*%%%8+&/'9%'(/ 0/F/'=9*.*;% /'9%79.*;%?+7=.(/'/&&%3/*(%9*..%+% /*;'(./'=' +%9+3 ( .> (.*( *%%%D 9;*/& 8 8;;>/'= +*(% >%+% /'9++%9((/(.%9./9%8(.%%;;%+>.%(.%+( 8;;>*9/*(/' +*(%+ ++*(%8;;>%3?)*'(.%+?7;;/'3 %*;%++*+*(%>./9. /( (.7=.( ?%( 8/( 8+ /( 9'/3%+/'= (.% '*(7+% 8 /( ?7/'% %0%'7%9*''(8+9%*'*%%%(%;;./6+379 (*(*6*+(/97;*+ +*(%&/'=((.%'(/'=/'(.%3/*+)*3&/((%3; )(.%3/*+/%%/F%3 >%+%89*;%'3*+)%*+#$$*'3#$(/*'*3&/ ((%36/(/'(.*( '(.%+3/*+/%>%+%87'3*((.%(/&%8%*+9. '+*')%0/3%'9% ?+7=.( /' ?) (.% %0%'7% (.*( (.%+% /'3%%3 >%+% *' ) 3/*+/% 8+ %*+;/%+)%*+*=*/'(*%%%D*%+(/'(.*(' 79.3/*+/%>%+% (.%+%8+%*+;/%+)%*+.7(.%+*(%&%'(/'%3 /'(.%3/*+)%0%'/8 6+%7&%3*9++%9(>7;3.*0%?%%'+%;%0*'(8+* %&%'()%*+ #$$,#$*'3*%&%'()%*+#$,#$#3&/((%3; )(.%+%>%+% '*33/(/'8+766+%/'8*;%8+?(.(.% %)%*+37?( (.%+%97;3.*0%?%%'*6/;;0%+8(.+%%&'(. 8(.%9*;%'3*+)%*+ #$$ 8+ *%&%'( )%*+ #$$5,#$$ >%0%+ (./ *; /' 7+ 6/'/'>/;;'(B7(/8)%:(+*6;*(/'=(.%+*(%& %'(/'%3/'(.%3/*+) (*'%*+;/%++7?%H7%'()%*+>9&/'=((* (%&%'(=/0%'?) .+/E/B*)*?*?7'%8(.%%&6;)%%8(.%*% %%>.*(.*?%%' (*(%3?)./&/+%6+379%3.%+%7'3%+, ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 59 -: 02 PLEASE IDENTITY YOURSELF. ANS.2 I AM VIJAYABABU, PRESENTLY WORKING AS TALLY CLERK IN M/S.SHIV SAHAI & SONS (INDIA) LTD.. I WAS WORKING IN THE SAME CAPACITY IN MLS. SHIV SHAI & SONS SINCE MARCH, 2007. I AM A BBA GRADUATE, HAVING PASSED FROM MADRAS UNIVERSITY MY CONTACT /JO.044-42277404 (OFFICE) 9710318570 (MOBILE) .. MY E-MEII ID IS VIJAYBABUJAMES @ YEHOO.COM. 03 PLEASE TELL ME ABOUT YOUR NATURE OF WORK AND THE WORK OF YOUR COLLEAGUES IN YOUR OFFICE. A 3 I AM PREPARING THE SALE BILLS. THERE IS ONLY ONE COMPUTER FOR PREPARING SALE BILLS. EITHER MYSEL F OR SMT. SUMITHRA, ACCOUNTANT; WILL PREPARE THE SALE BI LLS. NO OTHER PERSON WILL PREPARE THE BILLS. WE ARE PREPARING THE SALE BILLS FOR CHENNAI, SALEM, COIMBATORE, MADURAI END TRICHY. FOR OTHER BRANCHES OUTSIDE TAMILNADU, SALE BILLS ARE NOT PREPARED FROM OUR OFFICE AT CHENNAI. THE SALE BILLS ARE PREPARED IN A SOFTWARE WHICH WE CALL 'SHIV PACKAGE'. ACCOUNTS ARE NOT PREPARED IN THIS PACKAGE. I AM NOT PREPARING TH E ACCOUNTS. SMT. SUMITHRA IS DOING THE ACCOUNTS. SMT . THULASI IS THE ACCOUNTS ASSISTANT ASSISTING SL17T. SUMITHRA. SBRI. MAHENDRAN AND SHRI. SRINIVASAN ARE IN CASH SECTION. THEY RECEIVE THE CASH FROM THE CUSTOMERS. SHRI. ASHOK KUMAR GUPTA IS IN CHARGE FOR STRONG ROOM WHERE GOLD BARS ARE STORED. THERE ARE NO SEPARATE PERSONS FOR DELIVERY OF GOLD. IT WILL B E HANDED OVER EITHER BY SHRI. ASHOK KUMAR GUPTA HIMSELF ER BY CASH SECTION OFFICIALS. Q. 4 WHAT ARE THE WORKING HOURS FOR YOU AND FOR SMT.. SUMITHRA .A. 4 FOR BILLING SECTION THE WORKING HOURS ARE 11- 30 A.RN, TO 9-00 P.M FOR ACCOUNTS Q 5. WHEN WILL THE DIRECTORS (OR EARLIER THE PROPRI ETOR) COME AND LEAVE? A 5 SHRI. GANESH SIR OR SHRI. NARESH SIR WILL NORMA LLY COME AT 9-00 A.M. AND LEAVE AT 4.00PM ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 60 -: Q 5 WHAT ARE THE WORKING HOURS DURING WHICH A CUSTOMER CAN COME ANY GOLD BARS A THE CUSTOMERS CAN COME AND BUY GOLD BAR WHEN SHRI. GENESH SIR IS AVAILABLE IN OFFICE. Q. 6 PLEASE TELL ME THE STEP BY STEP PROCEDURE WHEN A CUSTOMER COMES TO BUY GOLD BAR A. 6 .THE CUSTOMERS WILL MEET SHTI. GANESH AGARWAL, DIRECTOR. THEY WILL GET A SLIP FROM THE DIRECTOR AS TO THE AMOUNT OF CASH TO BE PAID. THEY WILL GO TO THE CASH COUNTER AND PAY THE CASH. THE CASHIER WILL COUNT THE CASH IN FRONT OF THE CUSTOMER USING THE CASH COUNTING MACHINE. THE CASHIER WILL GO TO KHAZANA, WHICH IS NEAR THE MANAGER'S TABLE, AND TAKE THE GOLD BAR AND HAND OVER TO TILE CUSTOMER. N O SIGNATURE WILL BE TAKEN AGAINST DELIVERY OF THE GOL D. KHAZANA IS AN IRON CHEST, KEPT NEAR MANAGER'S TABLE FROM WHERE THE GOLD BARS WILL BE TAKEN AND DELIVERE D TO THE CUSTOMERS. ANY REMAINING UNSOLD BARS WILL BE STORED IN THE STRONG ROOM AFTER CLOSURE OF BUSINESS FOR THE DAY. Q. 7 THERE ARE 4 SEPARATE CATEGORIES OF BILLS FOR EACH BRANCH WITH BILL NUMBERS STARTING WITH 1 ON 1 ST APRIL . 1. FOR GOLD - CASH BILL 2 FOR GOLD - CREDIT BILL 3. FOR SILVER- CASH BILL 4. FOR SILVER- CREDIT BILL. Q. 8 HOW WILL YOU KNOW AS TO WHICH TYPE OF BILL TO BE PREPARED, AND FOR WHICH BRANCH? A. 8 SHRI. GANESH SIR OR SHRI. NERESH SIR OR SHRI . ASHOK SIR CALL ME OVER PHONE AND ASK ME TO PREPARE A BILL FOR A PARTICULAR BRANCH - CHENNAI, COIMBATOR E, SALEM, ETC. THEY WILL ALSO TELL WHETHER IT IS A CAS H BILL OR CREDIT BILL. IN CASE OF CREDIT BILL, NAME OF THE BUYER WILL ALSO BE TOLD. THEN I WILL PREPARE THE BILL. MA NAGER WILL SIGN THE BILL. TWO COPIES OF CASH AND CREDIT B ILL WILL BE TAKEN. BOTH THE COPIES OF CREDIT BILLS WILL BE HANDED OVER TO MANAGER ALONG WITH ONE ACKNOWLEDGEMENT FORM. HE WILL HAND OVER TO THE CUSTOMER (MESSENGER FROM (HE JEWELLER) WHO WILL BRING BACK ONE COPY AND THE ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 61 -: ACKNOWLEDGEMENT FOR RECEIPT OF GOLD AFTER IMPRESSIN G THE SEALS OF HIS COMPANY. Q. 9 PLEASE TELL ME ABOUT THE BILLS PREPARED FOR OT HER BRANCHES: A. 9 WHEN GANESH SIR ASKS ME TO PREPARE - THE BILL FOR OTHER BRANCHES I WILL PREPARE AND I WILL SEND A MAIL THROUGH TEAM-VIEWER. Q.9 PLEASE TELL ABOUT THE BILLS PREPARED BY YOU TODAY A. 9 I WOULD HAVE PREPARED ABOUT 40 BILLS, ALL OF THEM FOR SALEM BRANCH CASH BILL. SHRI. GANESH SIR TOLD ME TO PREPARE THE BILLS. APPROXIMATELY 200 KG @ ABOUT RS.44500 THE BILLS WILL NORMALLY BE SENT BY MAIL. THE BILLS WERE PREPARED ME AT ABOUT 3.00PM. THE MAIL WAS NOT SENT TILL I LEFT OFFICE TODAY. 0.10. PLEASE TELL ME ABOUT PREPARATION OF CASH BILL S AT CHENNAI A 10 TWO COPIES WILL BE PREPARED - ONE FOR THE CUSTOMER AND ONE FOR US. NO SIGNATURE WILL BE OBTAINED FROM THE CUSTOMER IN THE BILL AS IN THE CA SE OF CREDIT BILL. Q.11. I AM REMINDING YOU THAT YOU ARE ON OATH. AT WHAT POINT OF TIME DO YOU PREPARE THE CASH BILL FOR CHENNAI OFFICE. WHAT DO YOU THEN DO WITH THE BILL. A.11 WHEN SHRI. GANESH SIR ASKS ME TO PREPARE THE BILL I WILL PREPARE THE BILL. I WILL COLLECT THE SIGNATURE OF THE MANAGER AND WILL HAND OVER THE BILL IF THE CUSTOMER COMES AND ASKS FOR B ILL. BUT ALL CUSTOMERS DO NOT ASK FOR BILL. Q.12 WHAT DO YOU DO WITH THE BILLS WHICFL,F1LE:QLFSJOMERS DO NOT ASK FOR? A 12 FROM THE YEAR 2013, I AM NOT TAKING TWO COPIES OF CASH BILL. ONLY FOR CREDIT BILL TWO COPIES ARE TAKEN. ONLY WHEN THE CUSTOMERS ASKS I WILL TAKE A PRINT OUT. ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 62 -: I WILL TAKE OUT PIT A DAILY STATEMENT OF BILLS. Q. 12 BEFORE 2013 WHAT WERE YOU DOING WITH THE CUSTOMER'S COPY WHICH WERE NOT COLLECTED BY THEM. A 12 BOTH COPIES WILL BE FILED TOGETHER Q.13 I AM SHOWING YOU A STATEMENT GIVEN BY SHRI. M. JAYAPRAKASH, ACCOUNTS MANAGER IN YOUR SALEM BRANCH ON 612012. PLEASE SIGN IN PAGE 3 IN TOKEN OF HAVING READ THE STATEMENT. IN HIS REPLY TO Q.2, HE HAS SLATED, IN PAGE 3, THAT FOR CASH PURCHASE NO BILLS ARE ISSUED BY OUR COMPANY. WHAT DO YOU SAY? A 13 I WAS PREPARING CASH BILLS FOR SALEM BRANCH. I WAS ALSO SENDING THEM BY MAIL. PROBABLY HE WOULD NOT HAVE TAKEN PRINTOUT OF THE BILL. EVEN YESTERDAY SALEM BRANCH CALLED AT 5.00 PM AND ASKED FOR A CASH BILL. GANESH SIR LAID ME AT ABOUT 4.00 P.M. TO PREPARE CASH AND CREDIT BILLS. I PREPARED THE CREDI T BILL AT 4-30 PM AND MAILED IT. I PREPARED THE CASH BILL AT 5.00 PM ONLY AFTER GETTING (HE CALL FROM SALEM. SO WHENEVER THE CUSTOMER AT SALEM WANTS THE CASH BILL THEY WILL CALL SHRI. GANESH SIR WHO WILL IN TURN AS K ME TO PREPARE THE BILL. Q 14. IN YOUR REPLY TO 0.5 YOU HAVE STATED THAT SHRI GENESH: SIR WILL COME AT 900 A.M.. YOU OR SMT. SUMITHRA COMES ONLY AT 11-30. THAT MEANS THAT FOR SALES MADE BETWEEN 9.00 AM AND 11-30 A.M. BILLS WILL BE PREPARED ONLY AFTER 11-30 AM. IS IT RNOT A 14 YES. ONLY AFTER WE REACH OFFICE, SHRI. GANESH SIR WILL ASK EITHER ME OR IN MY ABSENCE SMT. SUMITHRA TO PREPARE THE BILL. SO IF ANY SALES WERE MADE BEFORE 11- 30 AM THE CUSTOMERS WHO WANT BILLS WILL WAIT AND COLLECT IT. 0.15 IN YOUR REPLY TO Q.8 YOU HAVE STATED THAT YOU WILL GET INSTRUCTIONS OVER PHONE FROM SHRI. . GANESH SIR OR SHRI. NERESH SIR OR SHRI. ASHOK SIR FOR PREPARATION OF BILLS. WILL HE TELL THE QUANTITIES, RATES AND AMOUNTS? ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 63 -: A 15 HE WILL TELL ONLY THE QUANTITY AND THE RATE. AMOUNTS WILL COME IN THE BILLING PACKAGE Q 16. IS THERE ANY SYSTEM IN YOUR OFFICE BY WHICH YOU KNOW WHAT IS THE CASH COLLECTED FOR EACH AND EVER Y CASH BILL PREPARED BY YOU. A. 16 THERE IS NO SYSTEM. IF SHRI. GANESH SIR ASKS ME TO PREPARE THE BILL I WILL PREPARE THE BILL . .+/E/B*)*?*?7.*'>.%+%(*(%3(.%*%%%>* %;;/'=?7;;/'/' 9*.*(;>%++*(%*'3/(>*3'%8+766+%/ '8/'9&%.%+% /(+%'=(./'(.%*+=7&%'(8(.%*%%%(.*(/' (.%'*(7+%8/( (+*3%/'8+&*(/'*'33*(*>%+%.*+%3'CD'%%3( @'>DD?*/ .7/'7+6/'/'''%8(.%+%*'9/(%3?)(. %%/'=88/9%+ >7;3B7(/8)(.%7?(/(7(/'8+*(%8+9*.* ;%>/(.(.%*0%+*=% +*(%8+B%>%;;%+0%+(.%)%*+*;+%*3)&%'(/ '%3?)7(.%8( 96)8(.%?@8*997'(87'3*((.%(/&%8 %*+9.>*'(* 6*+*;;%;%(8*997'(?7(>%+%';)+%=7;*+*997 '(&*/'(*/'%3?) (.%*%%%?*%3'>./9./(>*8/;/'=/(+%=7 ;*++%(7+'G%*+% (.%+%8+% 8 (.% 6/'/' (.*( ;3 &&//'%+ 8 '9&% *: 166%*;2>*B7(/8/%3/'3%;%(/'=(.%*33/(/'&* 3%8+766+%/'/' *;%'(.%+%7;(=+7'3#8(.%+%0%'7%/ 3/&/%3 ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 64 -: 62. E/3%/(=+7'3-=+/%0*'9%8(.%%6*+(&%'(/ (.*(;3 &&//'%+8'9&%*:166%*;28%;;/'%+++ /'3/+%9(/'=(.%;3 %/'=88/9%+(+%379%(.%6%*@9+%3/(/'?7; ;/'&*+=/'&'%) *997'(>/(.(.%*;%*997'(%3?)(.%*%%% 63. G% .*0% *( 6*+* 4 *?0% 76.%;3 (.% +3%+ 8 (.% ; 3 &&//'%+ 8 '9&% *: 166%*;2 3%;%(/'= (.% *33/(/' 8+ 766+%/'/'9*.*;%/'9%(.%9+%3/(/'7 ;;/'&*+=/'&'%) *997'(>%+%(+*'8%++%3**;%;3&&//'%+ 8'9&%*: 166%*;2 3/+%9(%3 (.% %/'= 88/9%+ ( +%379% (.% 6%*@ 9+%3/( 9'/3%+%3 8+ *33/(/' 7'3%+ %9(/' 4! 8 (.% 9( 8+& *;% *997'(%3?)(.%*%%%&%'(/'%3?)7*( 6*+*<-*'3< *?0%/(/*'7'3/67(%36/(/'(.*(9+%3/(/' ?7;;/'&*+=/'&'%) *997'(>%+%=%'%+*;;)(+*'8%++%3(*;%*997'( 33/(/'89+%3/( /'?7;;/'&*+=/'&'%)*997'(.*?%%'7(*/'%3 ?)7';)( (.%%:(%'('((+*'8%++%3*997'(%3/'(.%*;% (.%+>/%/(>/;; +%7;(/'37?;%*33/(/'8(.%*&%*&7'(' 79.9/+97&(*'9% >%*+%8(.%6/'/'(.*(;3&&//'%+8'9 &%*:166%*;2 >*B7(/8/%3/'=/0/'=3/+%9(/'(%(8889+ %3/(/'?7;;/'&*+=/' &'%)*997'(>/(.*;%*997'(%3?)(.%*%%% (.*(37?;% *33/(/'>**0/3%3+7'3-8(.%%0%'7% /3/&/%3 ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 65 -: 64. E/3%/(=+7'3=+/%0*'9%8(.%%0%'7%/ (.*(;3 &&//'%+8'9&%*:166%*;23%;%(%3(.%3/ *;;>*'9%8+ /'(%+%(8+%%*30*'9%&*3%?)(.%*%%% 65. G%.*0%9'/3%+%3(.%+/0*;9'(%'(/'*'36%+7% 3(.% +3%+ 8 (.% *7(.+/(/% ?%;> G.*( >* .%;3 ?) (.% ;3 &&//'%+ 8 '9&% *: 166%*;2 ' (./ /7% .* ?%%' +%6+379%3?)7*(6*+*#4*?0%%.*=/0%' *9;%*+8/'3/'=(.*( *%%%.*3&+%(.*'788/9/%'(>'87'38+=/0 /'=(.%/'(%+%( 8+%%*30*'9%G.%'*%%%>*.*0/'=788/9/%'( >'87'3>% 9*''(*)(.*(*')/'(%+%(?%*+/'=87'3>%+%3/0 %+(%38+=/0/'= /'(%+%(8+%%*30*'9%.*(*6*+(;3%6*+(&%'( *;%6+%%'(*(/0% >*7'*?;%(.>>.*(>%+%(.%/'(%+%(?%*+/'=8 7'3(.*(>%+% .%;3?)(.%*%%%>./9.>%+%3/0%+(%3G%3' (8/'3*')+%*' (/'(%+8%+%>/(.(.%8/'3/'=8(.%;3&&//' %+8'9&%*: 166%*;2/'(./+%=*+3+7'38(.%%0%' 7%/3/&/%3 66. 30%+(/'=(=+7'3<;3%6*+(&%'(*;%6+%%' (*(/0% 7?&/((%3(.*(;3&&//'%+8'9&%*:166% *;23%;%(%3(.% 3/*;;>*'9%&*3%8+6%+'*;7%89*+3%6/(% *%%%*3&/((/'= 79.7% ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 66 -: 67. G%.*0%9'/3%+%3(.%+/0*;9'(%'(/'*'36%+7% 3(.% +3%+ 8 (.% *7(.+/(/% ?%;> 3 &&//'%+ 8 '9&% *: 166%*;2.*33%;%(%3(./3/*;;>*'9%>/(.*8/' 3/'=(.*(?7/'%8 (.%*%%%>*0*( 3%/'=88/9%+'(. %(.%+.*'3.*3 &*3% (.% 3/*;;>*'9% 8+ 6%+'*; 7% 8 9*+ ?* %3 ' (.% *3&//'8(.%*%%%G%*+%8(.%6/'/'(. *(;3%/'= 88/9%+>*B7(/8/%3/'&*@/'=79.3/*;;>*'9% /'9%/(>*&*3%' *'*3&//'8(.%*%%%+3%+8;3&&// '%+8'9&% *:166%*;2'(.//7%/%(*/3%*'3(.%3/ *;;>*'9%&*3%?) (.%;3%/'=88/9%+/+%/'(*(%3+7'3 <8(.%%0%'7%/ *;;>%3 68. > >% (*@% 76 (.% 9+ *66%*; +*+%. +**3 =*+>*;8+*%&%'()%*+#$$,$!/'(.*(+3%+ , 69. +7'3(*@%'?)(.%*%%%*+%+%6+379%3.%+%7' 3%+ .%+3%+8&&//'%+8'9&%*:166%*; 2,5/*=*/'((.% 8*9(8(.%9*%*'36+/'9/6;%8'*(7+%B7(/9% #.%;%*+'%312%++%3/'*36(/'=(.%*997' (*6+0/3%3?) -.%;%*+'%3128*/;%3(7'3%+(*'3(.%8*9 ((.*((.%+%>%+%.7=% %+++/'(.%(*(%&%'(8*997'(*6+0/3%3?) *'3(.% %++'%7*997'(*6+0/3%3?)9*''( ?%9'/3%+%3* (.%?*/8+8/'*;/F*(/'8*66%;;*'(D*997'( ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 67 -: .%;%*+'%3128*/;%3(*66+%9/*(%(.%8*9 ((.*(?(.(.%*66%;;*'( *'3 >%+% 3/67(/'= %*9. (.%+ *'3 (.*( (. % &*((%+ >* 6%'3/'=?%8+%'D?;%*3+*/=.7+( <.%;%*+'%312%++%3/'76.;3/'=(.%*3.9 3+*>/'=8/:%3?)(.% ;%*+'%3*%/'=88/9%+ 4.%;%*+'%3128*/;%3(*66+%9/*(%(.% 8*9((.*(*66%;;*'(.*3 37;)+%9+3%3(.%9+%3/('(%8+&'+%9%/6( 8(.%*&%/'(.% *%&%'()%*+#$$,*'3.%'9%'(6+0/3/'=+%; /%8((./>./;% 9'8/+&/'=(.%*33/(/'.*+%7;(%3/'37?;%*33/ (/' *+=/'&'%)*33/(/'.%;%*+'%3128*/;%3 (*66+%9/*(%(.%8*9( (.*( (.% *&7'( 9;;%9(%3 /' &*+=/' *997'( +%6+% %'(%3 6*+( *;% 9'/3%+*(/'(.%%>%+%+%9%/0%38+&6+6%9(/0% ?7)%+*'3'+%9%/6( 8(.%?*;*'9%(.%&*+=/'&'%)>**997'(%3** ;% .%;%*+'%312(.7=.6+0/3%3+%;/%88+&37? ;%(*:*(/'?7(8*/;%3( 7'3%+(*'3(.%8*9((.*('*&%*33+%*'3(.%+ A''+&>*'( *66;/9*?;% 8+ *;% ?%;> # ;*@. *'3 .%'9% (.% *6 6%;;*'( 3/3 '( &*/'(*/' (.% *&% .%'9% 9'8/+&/'= (.% *33/(/' ' *997'( 8 7'%:6;*/'%39+%3/(/?*3/';*> +7'3//'=%'%+*;'%%3/'='6%9/8/9*3B7 3/9*(/' 70. 30%+(/'= ( +7'3 # ( ;3 7?&/((%3 (.*( ;>%+*7(.+/(/%>%'(?)(.%0%+/'8 >./;%(*:/'=(.% '%( 9+%3/( ?*%3 ' (.%/+ 9+%3/(+ '(% 6%+ (. % ;3 (.% ;3 %/'=88/9%+(@*0/%>(.*((.%*%%%.*3 '(*997'(%3 &*')8(.%9+%3/('(%/7%3?)(.%*'3 >*9.*+=/'= ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 68 -: %:6%'%/'97++%3?)67+6+(%3;)'?%.*;8 8(.%*%%% >/(.7( *') 3%?/( '(% ?%/'= /7%3 ?) '(%'(/' 8 ;3>*(.*((.%+%>**'',=/'=3/67(%?%(>% %'(.%*%%% *'3'+%9'9/;/*(/'8?*;*'9%9+%3/( '(%*'33%?/( '(%/7%3?)6%+(.%;3 .*3*+?/(+*+/;) /7%33%?/(*>%;;*9+%3/('(%>./9.>*/&6 /?;%(+%9'9/;% *')8(.%%9+%3/('(%8*6%+(.% ;3>%+%'%0%+ +%9%/0%3?)(.%*%%%'(%'(/'8(.%;3 >*(.*( 312 .*39'8/+&%3(./*33/(/'3%6/(%*%%%6/'(/ '=7(*997'(/'= *;;(.%9+%3/('(%'>./9.(*:>*3%379(%3*( 7+9%6%+(.% ;3(.%3/88%+%'9%/'(.%?*;*'9%*.>'/'( .%*997'(8(.% *'3/'(.%?@8*%%%>*37%(( .%9+%3/('(% *'33%?/('(%/7%3?)>/(.7(*')?*/ 71. '(/'7/'= ./ 7?&//' ;3 6/'(%3 7( (.*( 88/9/*;>%+%7'3%+/'0%(/=*(/'?)8+8+* 737;%'(&*/'(%'*'9% 8(.%/+*997'(6%+(.%;37(.+/%3%6+% %'(*(/0%.*3 *++*/='%3 (.% *%%% .+/ *+%. +**3 =*+>*; *; * *' *997%3 8+ 8+*73 6%+6%(7*(%3 ?) (.% 88/9/*; 8 ?7( 'D?;% 7+/3/9(/'*; /=. 7+( (.+7=. /( B73= &%'( 3*(%3 $#$ /' +/&/'*; +/=/'*; %(/(/' #-! 8 #$ *'3 +/&/'*;%0//' %(/(/'558#$<.*33/9 .*+=%3./&8+& ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 69 -: (.% 6+9%%3/'= 8/'3/'= ' %0/3%'9% *=*/'( .+/ *+%. +**3 =*+>*;6%+(.%;37(.+/%3%6+%%'(*(/0% (./B73=&%'(*; 9'8/+&%38*;/8/9*(/'8*997'(?)88/9/* ;%'9%*99+3/'= (./&9+%3/('(%/7%3?)79.88/9/*;?*%3 '8+*737;%'(*'3 8*;/8/%3*997'(>7;3'(+%7;(/'*99+7*;8* ')/'9&%((.% *%%%7+(.%+*6%+(.%;37(.+/%3%6+%% '(*(/0%&*')8 (.%9+%3/('(%/7%3?)&%'(/'%3/' (.%/+;%((%+3*(%3 #!##$ $##$- +%;*(%3 ( (.% %*+;/%+ *% &%'( )%*+ %'(+/% 8+ >./9. >%+% %'(%+%3 ?) /' (.%/+ ?@ 8+ 8/'*'9/*;)%*+#$,#6%+(.%;3(.% 3 12(.7=..% 3/+%9(%3(.%;3%/'=88/9%+(+%379%(.%0* ;7%83%?/('(% 8+&(.%0*;7%89+%3/('(%8%;;/'%+++/'9 '8/+&/'=(.%*33/(/' >/(.7( (*@/'= 9='/F*'9% 8 (.% *66/'(&%'( 8 +? /(+*(+ ' 3/88%+%'9% ?%(>%%' *'3 (.% *%%% %; )/'= ' * %&+*'37& 8 7'3%+(*'3/'= 3*(%3 $#$#$$! %'(%+% 3 ?) (.% *%%% >/(. ;3 7?&/((%3 (.*( /( 9' (*/'%3 9;%*+ (/67;*(/'7'3%+>./9.(.%)>%+%(766;)?7;;/' ((.%*%%% 6%+(.%;3*%%%.*36+%8%++%3*'+?/(+*(/ ' %(/(/'/'0@/'= 9;*7%,8(.%'(%'(/'8(.%;3>* (.*( .*33%;/0%+%3;>%+H7*'(/()8=;3(.*'>.*(>% +%&%'(/'%3/' (.%3%;/0%+)'(%*'3/'0/9%>./9.6+0%3(.%8+* 737;%'('*(7+%8/( (+*'*9(/'%;)/'='6*6%+?@6*=%,>./9. /*6*+(8(.% ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 70 -: +?/(+*(/'9;*/&(*(%&%'(8/;%3?)(.%*%%%7 '3%+(.%+?/(+*(/' '3'9/;/*(/'9(554;37?&/((%3(.*(* %%%.*37=.( 3/+%9(/'8+&+?/(+*;+/?7'*;8+=/0/'=3%(*/; 8*;;(.%(+*'*9(/' *>%;;*0*+/73%?/('(%*'39+%3/('(%/ 7%3?) %8%++/'=(*8%>8%?/('(%/7%3?) 6;*9%3*(6*=% -#,--86*6%+?@*'38%>8+%3/('(%/7%3 ?) 6;*9%3 *( 6*=% < ( 5 8 6*6%+ ?@ ;3 7?&/ ((%3 (.*( '*++*(/'/'(.%%'(%>%+%0*=7%6%+(.%;3 '*++*(/'/' &*') 8 (.% 3%?/( '(% >%+% N9;*/& +%90%+*?;%, 6% '3/'= +%9'9/;/*(/'O*'3/'&*')8(.%+%3/((%N% %+0%8+?*3*'3 37?(87;3%?(O7?&//'8(.%;3>*(.*(' (./'=97;3?% &*3%7(8+&(.%%%?/( +%3/('(%*'3*% %%97;3'(?% 67(/'6%+/;8+3/88/97;(/%/'+%9'9/;/'=(.%* 997'(8(.%*%%% /' (.% ?@ 8 >/(. (.*( 8 /' ?@ 8 *%%% 36;*9/'=+%;/*'9%'*;%((%+3*(%3 #!$-#$8+& *%%%*33+%%3((.%;3%/'=88/9%+ 7?&/((%3(.*(*;; (.%%8*9(>%+%?+7=.(((.%'(/9%8;3% /'=88/9%+?7((/;; (.%;3%/'=88/9%+(@(.%*==+%=*(%0*;7% 89+%3/('(%*'3 7?B%9(%3/((*'*33/(/'6%+(.%;37(.+/ %3%6+%%'(*(/0% ;3&&//'%+8'9&%*:166%*;28%;;/'%+ ++/'9'8/+&/'= (.%*33/(/'8+9+%3/('(%>/(.7(*66+%9/*(/'= (.%8*9( ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 71 -: 72. %+9'(+*;3(+'=;)766+(/'=(.%+3%+8 312 /'8*+ * /( 9'8/+&%3 (.% *33/(/' 8+ 9+%3/( '( % /7%3 ?) ((.%%:(%'('(*997'(%3?)(.%*% %%7?&/((%3 (.*(0%+)%:/(%'9%8(.%9+%3/('(%/'3/9*(%3 *%%%D+/=.(( +%90%+79.*&7'(&%'(/'%3(.%+%/'8+& %%% *6%+(.%;3/'(.%*;(%+'*(/0%97;3%(8 879.9+%3/(8+&/( 37%(%'9%*99+3/'=(./&*==+%=* (%0*;7%8(.% 9+%3/('(%'(*997'(%3?)(.%*%%%>*+/= .(;)9'/3%+%38+ (.%*33/(/'?)(.%;3%/'=88/9%+*'39 '8/+&%3?) 312 >%0%+*99+3/'=(./& 3128%;;/'%+++ /'3/+%9(/'=(.% (%(88 (.%*==+%=*(%0*;7%83%?/('(%>./;% 9*;97;*(/'=(.% *33/(/'6%+(.%;3?(.9+%3/(*>%;;* 3%?/('(%>%+% 9'/3%+%3?)(.%;3%/'=88/9%+>./;%9*;9 7;*(/'=(.%*33/(/' +%H7/+%3 8+ 7'*997'(%3 9+%3/( '(% 7?&//' 8 (.% ;3 %6*+(&%'(*; %6+%%'(*(/0% >* (.*( ;3 %/'= 88/9%+ .*3 &/(*@%';)(*(%3(.%*33/(/'(?%*==+%=*(%89 +%3/('(%*;'%/' (.%+%&*'3+%6+(%'9%*6%+(.%;3%6*+(&%' (*;%6+%%'(*(/0% 0*;7%83%?/('(%.*0/'=*;+%*3)?%%'3%379(%3 3/+%9(/'8;3 &&//'%+8'9&%*:166%*;2/'(./+%=*+3 >*76%+8;77 ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 72 -: 73. G%.*0%.%*+3(.%+/0*;7?&//'G.*(>*.%;3 ?)(.% 312'(.%H7%(/'89+%3/('(%7?B%9(( *33/(/'.*?%%' +%6+379%3?)7*(6*+*#-*?0%.%+%/'9*% 8+(.%%0%'7% (.*(*%%%>*&*/'(*/'/'=&+%(.*''%*997' (/'(.%'*&%8 /'/(?@(/*;'(6+?*?;%(.*( >* .*0/'=&+%(.*''%*997'(/'(.% '*&%8(.%* %%%/'/( ?@ .7 *;; %'(+/% +%;*(/'= ( (+*'*9(/' % '(%+%3 ?) (.% *%%%>/(..*3(?%+%8;%9(%3/'(.% %*997'(.% %88%9(8''*997'(/'=89+%3/(3%?/('(%/ 7%3?)/8 /(>*;%=/(/&*(%;)3'%>7;3+%7;(/'*3/88%+% '9%/'(.%?*;*'9% *6%+*997'(*'3*6%+(.%*%%%D *997'(;*/&8 *%%%*;;*;'=>*(.*(*'7&?%+89+%3/('(% >%+%'(+%9%/0%3 ?)/(*'3/8(.%*==+%=*(%89+%3/('(%>%+%9 '/3%+%3(.*'.7=% *&7'( >7;3 .*0% ?%%' 37% 8+& ( (.% * %%% >.%+%* /( >* 0/9%,0%+* G.*( >% 8/'3 / (.*( (. % +?/(+*(/' 6+9%%3/'= >%+% /'/(/*(%3 ?) (.% *%%% *=*/'( /' >./9. *;;%=*(/' *+% (.%+% ' 0*+/7 97'( ;/@% 3/88%+%'9% ' *&7'(+%9%/0%3*?7)%+D9+%3/('H7*'(/()8 =;33%;/0%+%3' %:9%6*)&%'(&*3%?)(.%*%%%';%=/(/&*9) 80*+/73%?/( *'3 9+%3/( '(% /7%3 ?) %(9 %;%0*'( 6 *+* 8 (./ 6%(/(/'/+%6+379%3.%+%7'3%+ ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 73 -: N.%;*/&*'((*(%(.*((.%%6'3%'(.*/'3 7;=%3/'(.% 8;;>/'=*&'=(.%+&*;6+*9(/9%3%8/9/%'9/%( (.%3%(%+&%'( 8(.%;*/&*'( *7+/'= (.% 6%+/3 #$$5,$ (.% ;*/&*'( +%9%/0% 3 %;/0%+) (%8+<$-!A=8;3?7((.%*9(7*;3%;/ 0%+/%>%+%';) 8+<$$-A=8;3.%+%>**3%8/9/(8-< A=*%3' (3*)D6+/9%/(>+@7(( ` $5<$$$$$, ?:9%/'0/9%31=%'%+*;;)2*'36%9/8/9*;;) /2 ' -$#$ 0/3% /'0/9% 3$5$$-5$3/, (.% %6'3%'(+*/%3*'/'0/9%8+ ` #<-!<<$,>.%+%*(.% *9(7*; (+*'*9(/' >* ';) 8+ ` #!-<<<, :9% /'0/9% +*/%3?)+%6'3%'(>*8+ ` !5$455<, //2'##$#$$0/3%/'0/9%P3$5$$-3/, 0/3%+*/%3 *' /'0/9% 8+ ` <$!<<-#, >.%' (.% *97*; (+*'*9(/' >* ';)8+ ` -$$$$$,:9%/'0/9%+*/%3?)%6'3%'( >* 8+ ` --!<<-#, ///2 (*; %:9% /'0/9% &*3% >* 8+ ` ##$5#<#, 1 ` !5$455./9.(.%%6'3'%(/ ;/*?;%(6*) (.%;*/&*'(*;'=>/(./'(%+%(.%;*/&*'(6+ 0/3%(.%3*), (,3*)3%(*/;8(.%7;;/'67+9.*%%9.*'=%+ *(%8;;*+ 8/:%3>/(.(.%%6'3%'((.%/+*'@%+*'36*)&%' (&*3%?) (.%;*/&*'(0/3%9.%H7%.%3%(*/;*0*/;*?;%* '3?%/'=8/;%3 .%+%>/(.*+% * 7;;/' 7+9.*%3*'3+%:8/:%38+(.%)%*+ #$$5,$#$$, #$,# ? *)&%'(&*3%8+(.%7;;/'67+9.*%38+(.% )%*+#$$!, $5#$$5,$#$$,*'3#$,# 9 I7*'(/() 8 7;;/' +%9%/0%3 ?) (.% ;*/&*'( 8 +& (.% %6'3%'(8+(.%)%*+#$$5,$#$$, #$,# O N%.%;*/&*'(%%@*66+6+/*(%+3%+8+&(./ 'D?;%+/?7'*; 3/+%9(/'= (.% %6'3%'( ( 7?&/( (.% *997'( /( .* 8+ %*9. (+*'*9(/'/(.*3>/(.(.%;*/&*'(+%=*+3/'=(.% 9*;;%37)%+D +%3/(8*9/;/()*;'=>/(.(.%(.%+3%(*/;;/(%3 .%+%/'*8(%+'9%(.% %6'3%'(7?&/((.%*997'(*'3(.%+3%(*/; ;*/&*'(>/;; 9.%9@*'3+%9'9/;%(.%*997'(*'3+%9+3(.*(& *)?%7?&/((%3 ?)(.%%6'3%'(>/(.(.%*997'(*'3+%9+3&*/ '(*/'%3?)(.% ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 74 -: ;*/&*'(';)/8(.%*997'(*'33%(*/;*+%H7 %(%3.%+%/'*+% 7?&/((%3 ?) (.% %6'3%'( /( >/;; ?% 6/?;% ( *++/0% *( (.% *&7'(>./9./37%?)(.%%6'3'%(((.%;*/&* '(?%9*7%*;; (.%3%(*/;*+%/'(.%((*;%:9;7/0%@'>;%3=%*' 36%/'8(.% %6'3%'(';)O N 4%6'3%'(?)/(&*/;3*(%3#! (. %9#$%'('%87+(.%+ 3%?/( '(% *'3 (> 9+%3/( '(% (>*+3 /'(%+%( ' ;*' *=*/'( 3%6/(8+(.%8/'*'9/*;)%*+#$$!,$5#$$5,$* '3#$$,.% %?/( (% $5$$$, 3*(%3 #!##$ >* 8+ - ` <4!4#,R (.% +%3/( (% $5$$$#4<, 3*(%3 #!##$ >* 8+ ` ##-!,R *'3 (.% +%3/( (% $5$$$#44, 3*(%3 #!##$ >* 8+ ` 4<55$, .% %6'3%'( 3%&*'3%3 (.% ;*/&*'( ( 6*) *' *&7'( 8 ` --5$<<,176%% ./+() .+%% ++% /'%() * @. /8(%%' .7*'3/0%7'3+%3%0%'()%0%'';)27'3%+(.% %?/((% *8(%+*3B7(/'=(.%*&7'(6*)*?;%((.%;*/&*'( 7'3%+(.%9+%3/( '(%1/% ` -<4!4#,&/'7 ` ##-!,&/'7 `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` 4$<-#, 8+ 3/88%+%'9% /' (*(% +*3/'= +6+*(/' 12*997'('*6%+7*;8(.%/&67='%3* %&%'(+3%+ >%8/'3(.*((.%;3%/'=88/9%+.*3&*3%(./ >/(.(.%8;;>/'= '*++*(/' N 8+(.%3%(*/;%3+%*'3/97%3/'(.%*%&%' (+3%+8 %0%' 3*(% 8+ *%&%'( )%*+ #$,# * 3/*;;>*' 9% 8 ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 87 -: `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` #<,;*@.8+>*'(89'8/+&*(/'8+&* 9+%3/(+'*&%37+*/@*''*7 97. G% .*0% 6%+7%3 (.% +3%+ *'3 .%*+3 (.% +/0*; 7?&//' 3%/'=88/9%+.*3+%H7/+%3( .%*%%%(8/;%* 9'8/+&*(/';%((%+8+&7+*/@*''*78+(.%7&8 J#<;*@.9;*/&%3 (.*0%?%%'+%9%/0%38+&./&%%%>*7'*?;% (8/;%*')79. 9'8/+&*(/' ;%((%+ G% 8/'3 (.*( *%%% >* =/0% ' * '7&?%+ 8 66+(7'/()37+/'=(.%97+%8*%&%'(6+9%%3 /'=*'3*;/' (.% +%&*'3 6+9%%3/'= 8+ 7?(*'(/*(/'= (.% 9+%3/ ( ( %%& *%%% 97;3 '( 6+379% *') %0/3%'9% ?%8+% (.% ;3 %/'= 88/9%+'79./(7*(/'>%*+%8(.%6/'/' (.*((.% 312 >*B7(/8/%3/'9'8/+&/'=(.%*33/(/'8J#<;*@ .+7'3!8 (.%*%%%(*'33/&/%3 ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 99 -: 98. +7'358+(.%/&67='%3*%&%'()%*+**/; (.% *33/(/' &*3% 8+ ?7;;/' &*+=/' &'%) 74! 8 (. % 9( /&/;*+ =+7'34+*/%3?)(.%*%%%/'/(*66%*;8 +*%&%'()%*+ #$$4,$(*'3*3B73/9*(%3?)7*(6*+*<- < *?0%G%=/0% /&/;*+3/+%9(/'8+/&67='%3*%&%'()%*+*; +7'3'7&?%+ 5(*'36*+(;)*;;>%3 99. >>%(*@%76(.%%0%'7%D*66%*;8+*%&%'( )%*+ #$$!,$5 100. +7'3 *+%=%'%+*;'%%3/'='*3B73/9*(/' +7'3 #(4(*@%'?)(.%%0%'7%*+%/&/;*+(=+7'3 #(4(*@%'?)/( 8+(.%*%&%'()%*+#$$,$!/+%9(/'=/0%'? )7*(6*+*4 4- !- 4< *'3 4 8+ *%&%'( )%*+ #$$4,$ # $$,$! >/;; &7(*(/&7(*'3/*66;).%+%*;99+3/'=;)=+7 '34/*;;>%3 >.%+%*/(=+7'3#- <*+%3/&/%3 101. >>%(*@%769+,*66%*;8(.%*%%%*'3 (.% %0%'7%8+*%&%'()%*+#$$5,$/'(.*(+3%+ 102. +7'3(*@%'?)(.%*%%%/'/(*66%*;*+%+%6 +379%3 .%+%7'3%+, ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 100 -: CD .%+3%+8&&//'%+8'9&%*:166%*; 2,5 / *=*/'( (.% 8*9( 8 (.% 9*% *'3 6+/'9/6;% 8 '*(7+% B7(/9% #.%;%*+'%312%++%3/'*36(/'=(.%*997' (* 6+0/3%3?) -.%;%*+'%3128*/;%3(7'3%+(*'3(.%8*9 ((.*( (.%+% >%+% .7=% %+++ /' (.% (*(%&%'( 8 *997'( * 6+0/3%3 ?) *'3 (.% %++'%7 *997'( * 6+0/3%3?)9*''(?%9'/3%+%3*(.%? */ 8+8/'*;/F*(/'8*66%;;*'(D*997'( .%;%*+'%3128*/;%3(*66+%9/*(%(.%8*9 ((.*(?(. (.%*66%;;*'(*'3>%+%3/67(/'=%*9.(. %+*'3 (.*( (.% &*((%+ >* 6%'3/'= ?%8+%'D?;% *3+* /=. 7+( <.%;%*+'%312%++%3/'76.;3/'=(.%*3.9 3+*>/'= 8/:%3?)(.%;%*+'%3*%/'=88/9%+ 4.%;%*+'%3128*/;%3(*66+%9/*(%(.% 8*9((.*( *66%;;*'(.*337;)+%9+3%3(.%9+%3/('(%8+& ' +%9%/6( 8 (.%*&% /' (.% *%&%'()%*+ #$$, *'3 .%'9% '( 6+0/3/'= +%;/%8 ( (./ >./;% 9'8/+&/'= (.% *33/(/'.*+%7;(%3/'37?;%*33/(/' *+=/' &'%) *33/(/' .% ;%*+'%3 12 8*/;%3 ( *66+%9/*(% (.% 8*9( (.*( (.% *&7'( 9;;%9(%3 /' & *+=/' *997'( +%6+%%'(%3 6*+( *;% 9'/3%+*(/' (.%% > %+% +%9%/0%38+&6+6%9(/0%?7)%+*'3'+%9%/6(8 (.%% &*+=/'&'%)>**997'(%3**;% .% ;%*+'%3 12 (.7=. 6+0/3%3 +%;/%8 8+& 37? ;% (*:*(/' ?7( 8*/;%3 ( 7'3%+(*'3 (.% 8*9( (.*( '*& % *33+%*'3(.%+A''+&>*'(*66;/9*?;%8+ *;% ?%;>#;*@.*'3.%'9%(.%*66%;;*'(3/3'(&*/'( */'(.% *&% .%'9% 9'8/+&/'= (.% *33/(/' ' *997'( 8 7'%:6;*/'%39+%3/(/?*3/';*>DD 103. 7(8(.%*?0% +7'3/=%'%+*;'%%3/'= ' 6%9/8/9*3B73/9*(/' ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 101 -: 104. +7'3#(8(.%*%%%*+%/&/;*+(/ (=+7'3 # ( 8 /( *66%*; 8+ *%&%'( )%*+ #$$,$ ! G% .*0% *;+%*3).%;3*(6*+*-(4*?0%(.*((.%*33/(/ '8+9+%3/('(% 8+&>*7'B7(/8/%3*'33%;%(%3/(+7'3 #(8(.% %%%8+*%&%'()%*+#$$5,$*+%*;;>%3 105. +7'3 < 8 (.% *%%% 8+ (.% /&67='%3 *%&%'()%*+//&/;*+(/(=+7'3<8/( *66%*;8+*%&%'( )%*+#$$4,$G%.*0%*;+%*3).%;3*(6*+*<$*?0 %(.*(*33/(/' 8+;>3+*>/'=>*'(>*++*'(%37'3%+(.%8*9( *'39/+97&(*'9% 8(.%9*%+7'3<8(.%*%%%/*;;>%3 106. +7'348(.%*%%%**/;*'*33/(/'8+ +%3/('(%/&/;*+/7%.*?%%'+*/%3?)(.% *%%%*+7'3 4/'/(*66%*;8+*%&%'()%*+#$$,$!G %.*0%*(6*+*,! 3%;%(%379.*33/(/'+0%+)*&%+%*'&%'(/ '%3/'(.%*/3 6*+**33/(/'&*3%8+/&67='%3*%&%'()%*+ /*;3%;%(%3 +7'348(.%*%%%/*;;>%3 107. +7'38(.%*%%%//&/;*+(/(=+7' 34/' /(*66%*;8+*%&%'()%*+#$$4,$G%.*0%3% *;(>/(.(.//7% *( 6*+* <- < 76+* /&/;*+ 3/+%9(/' *+% =/ 0%' .%+% *; 99+3/'=;)+7'38(.%*%%%/6*+(;)*; ;>%3 ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 102 -: 108. > >% (*@% 76 (.% 9+,*66%*; 8 (.% %0%'7% 8+ *%&%'( )%*+ #$$5,$ +7'3 (*@%' ?) (.% %0%' 7% / +%6+379%3.%+%7'3%+, .% +3%+ 8 (.% ;%*+'%3 &&//'%+ 8 '9&% *: 166%*;2/%++'%7'8*9(8(.%9*%*'3/' ;*> #.%;%*+'%3166%*;2%++%3/'3%;%(/'=(.%* 33/(/'8 <#--!,&*3%(>*+3766+%/'8*;% *&7'( 8=;3?7;;/'&*3%?)(.%/'(.%*%&%'( +3%+6*%3 7-1-2+><-8(.%'9&%*:9(54 8+' #$$5,$/'(.%*%%%D9*% #.%;3127=.((.*0%*66+%9/*(%3(.%8*9 ((.*((.% *%%%.*3%;/?%+*(%;)7'3%+/'0/9%3/(9*. *;%&*3%( ?7)%+>/(.7(?/;;*9&6*+%3>/(.*;%&*3%( B%>%;;%+ >/(.?/;;+%7;(/'=/'.7=%3/88%+%'9%?%(>%%'(.% (>>.%' ?(.(.%*;%>%+%&*3%/'9*. ##.%;%*+'%312%++%3/'*;;>/'=+%;/%8' (.%=+7'3 (.*((.%.*'(7?B%9(%3(.%?@8*997'( (6%9/*; *73/( 0%+;@/'= (.% &37 6%+*'3/ 8 (.% *% %% 3/97%3 /' 3%(*/; /' (.% *%&%'( +3%+ *'3 *; (.% +%*' +%9+3%3 ?) (.% 8+ '',+%B%9(/' 8 ? @ 8 *997'(/'6*+*58(.%*%&%'(+3%+8+ '#$,# '(.%?*/8>./9.*33/(/'>*&*3%/'(.%* %&%'( +3%+8+'#$$5,$/'(.%*%%%D9*% #-.%;%*+'%312/'(B7(/8/%3/'*;;>/' =+%;/%8'(.% ?*/ 8 *;% (*: +3%+ 7?&/((%3 37+/'= (.% *66% *; 6+9%%3/'= * *' *33/(/'*; %0/3%'9% >/(.7( =/0/ '= *' 66+(7'/()((.%7'3%+7;%48(.%7;% 54# #*0/'=.%;3(.*(6*+*;;%;%(8?@8*99 7'(>%+%'( 87'3/'(.%*%%%D9*%(.%;%*+'%3127 =.((.*0% *66+%9/*(%3 (.*( /' (.% &37 6%+*'3/ %&6;)%3 ?) (.% *%%%(.%+%/''%%38+N6*+*;;%;O%(8? @/'9%(.% %:*9(H7*'(7&8766+%/'89*.*;%*&7'(* '3(.% *&7'(/'(+379%3/'?7;;/'&*+=/'*997'(>*@' >'';)( (.%*%%%+./'*'3(.%8*9(8766+%/' 89*. *;%>*%'(/+%;)>/(./'(.%/+@'>;%3=% #< .% ;%*+'%3 12 .*0/'= 3%;%(%3 (.% *33/(/' ?) *99%6(/'=(.%%:6;*'*(/'8(.%*%%%*(>.) (.%%;;/'= ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 103 -: +*(%97;3?%;%%+(.*'/'0/9%67+9.*%+*(%>.% '(.%+%*; /7%*(.*'3>*>.)(.%%;;/'=+*(%*6%+9*. ?/;;>*;% (.*' (.*( 8 %;;/'= +*(% * 6%+ ?/;; ( B%>%;;%+ 1( ?% *997'(%3?)67+9.*%+2>.%'(.%+%/'3/88%+%'9 %?%(>%%' (.%& >./;% 8/:/'= (.% +*(% * 6%+ %/F%3 3/*+/% * '3 * *3&/((%3?)(.%*%%%7-(.*(N/'?7;;/'( +*3%(.%+%/ '9+%3/(*;%/'(.%'+&*;&%*'/'=O1>/(../=.%+ &*+=/' >.%'9&6*+%3(9*.*;%2 #4 .% ;312 7=.( ( .*0% *66+%9/*(%3 (.% 0*+ /7 9/+97&(*'(/*;%0/3%'9%*'38*9(=*(.%+%3?)(.% /'(.% 8+&8?(*/'/'=(.%+*(%8+&0*+/7%=/(%+%3 +8%/'*; %>%;;%+D 9/*(/' (.% *;% *: 7(.+/(/% * >%;; * 8+&(.%>+'(*(%&%'(8(.%*%%%D(*88( 6+0%(.% 8*9(83%;/?%+*(%766+%/'8*;%?)(.%*% %%(.+7=. 79. '',=%'7/'% ?7/'% (+*'*9(/' *'3 7=.( ( .*0% 9'8/+&%3(.%*33/(/'&*3%/'(.%*%&%'(8+ '#$$5,$ /'(./9*% -.%;%*+'%312%++%3/'3/+%9(/'=(.%( +%379%(.% N*;%*997'(%3(>*+3&*+=/'&'%)/'(.%9++% 6'3/'= )%*+O>./;%9'8/+&/'=(.%*33/(/'8<##< 54,&*3% ?)(.%74!8(.%9((>*+36%*@9+%3/ ('*997'( 8&*+=/'&'%)+%9%/0%3?)(.%*%%%/'(.%* %&%'( 8+'#$$5,$/'(.%*%%%D9*% - .% ;312 7=.( ( .*0% *66+%9/*(%3 (.*( >. /;% 9&67(/'=(.%6%*@9+%3/(1*6%+3%(*/;%3>+@/'= .%%(8+ (.%'#$$4,$(#$$,*''%:%3((.%*%& %'(+3%+ 8+'#$,#2(.%*3B7(&%'(.*0%*;+%*3)?%%'( *@%'/'( *997'(?)(.%*'3(.%+%/'37?;%*33/(/'* 9;*/&%3 ?)(.%*%%% -#.%;312.*%++%3/'3/+%9(/'=(*;;> +%;/%88+&(.% *;%>/(.7(*66+%9/*(/'=(.*((.%6%*@9+%3/(*33 /(/'&*3%/ (>*+37'%:6;*/'%39+%3/(/'(+379%3/%8+(.% +%*'(.*( ' 3%(*/; 8+& >.& +%9%/0%3 %(9 >%+% 87+'/.%3 ?) (.% *%%%>/(.+%6%9((79.?7)%+8+&>.&(.% *&7'( >%+%(*(%3(.*0%?%%'+%9%/0%3 --.%;3127=.((.*0%*66+%9/*(%3(.*(( .%8*9((.*( (.%*/3*&7'(>%+%*;*997'(%38+**;% 3%'( *?;0%(.%*%%%8+&(.%;/*?/;/()86+0/'= (.%7+9%8 79.9+%3/(/++%6%9(/0%8>.%(.%+(.%*&%>%+% *3B7(%3 *=*/'(*;%+*')(.%+(+*'*9(/'(.%+%*8(%+ 76'79. +%9%/6( ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 104 -: -.%;%*+'%3127=.((.*0%(*@%''(%(.* (7(8 ((*;6%*@9+%3/(8454!5$5!8+<*%&% '()%*+1' #$$4,$(#$$,29'8/+&%3?)./&(.%6%*@9+%3 /(*&7'( /' (.% ' #$$5,$ .* '( ?%%' %6*+*(%;) *33%3 ?7 ( (%;%96%3/'((.%*33/(/''*997'(8766+% /'89*. *;%8/=7+%/'(.*()%*+*'3(.%;3127=.( (.*0%=/0%' * 3/+%9(/' (.*( 9'%H7%'( ( (.% 3%;%(/' 8 *33/ (/' ' *997'(8*;%766+%/'(.%(%;%96%3*&7'( 86%*@ 9+%3/(8+'#$$5,$/(?%(+%*(%3*9'8/+&% 3*33/(/' .%312%++%3/'3/+%9(/'=(.%((*@% /'(*997'( (.%3%?/('(%*>%;;>./;%*++/0/'=*((.%'%( 89+%3/('(% /7%3?)%(*;*'3/'%+*;+*3/'=+6+*(/'1 28+ (*:*(/'/'(.%*%&%'(8+'#$$5,$/'(.%* %%%D 9*% .%;3127=.((.*0%*66+%9/*(%3(.*((. %*33/(/' &*3%/'(.%*%&%'(+3%+8+'#$$5,$/'(.% 9*%8 (.%*%%%>*?*%3'(.%8/'3/'=8(.%/ '6*+*5- 8(.%*%&%'(+3%+7-1-2+><-8(. %9(8+ ' #$,# /' (.% *%%%D >' 9*% >./9. 9;%*+ ;) %(*?;/.%(.*((.%3%?/('(%>%+%(*@%'/'(9 '/3%+*(/' >./;%*++/0/'=*((.%'%(89+%3/('(% #.%;3127=.((.*0%*66+%9/*(%3(.*(* 6%+(.% 9.*+( 8 +%9'9/;/*(/' 87+'/.%3 ?) (.% *%%% 3 7+/'= (.% 97+%8*%&%'(6+9%%3/'=(.%'%(89+%3/( '(%1/% ((*;*&7'(89+%3/('(%&/'7((*;*&7'(8 3%?/('(%2 /7%3?)>*./=.%+(.*'(.%'%(/'9&%1/% /'9&% &/'7 %:6%'%2 8+& (+*'*9(/' >/(. * 6%+ *%%%D?@8*997'(*'3/'9%(./3/88%+% '9%1%:9%2 >*'(*997'(%3/'(.%?@8*997'(8(.%* %%%(.% *33/(/'>*&*3%/'(.%*%&%'(8+'#$$5,$ /'(.% *%%%D9*% < .% 3 12 %++%3 /' 3%;%(/'= (.% 3/*;;>*'9 % 8 6+6+(/'*(%/'(%+%(8<5--,'(.%/'( %+%(?%*+/'= 87'33/0%+(%38+/'(%+%(8+%%*30*'9%&*3%?)( .%/' (.%*%&%'(+3%+6*%37-1-2+><- 8(.% 9(8+(.%'#$$5,$/'(.%*%%%D9*% <*0/'=.%;3(.*((.%*%%%>*>%;;>/(./'. /;%'3/'= 9*6*9/()(*30*'9%&'/%>/(.7(9.*+=/'=/'(%+% (7(8 >'9*6/(*;*>%;;*/'(%+%(8+%%*30*'9%+%9%/0 %3(.%3 127=.((.*0%*66+%9/*(%3(.*((.%*%%% .*'( ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 105 -: 87+'/.%3(.%3%(*/;8(.%*0*/;*?/;/()8/'(%+% (8+%%87'3* '(.%3*(%8&*@/'=(.%/'(%+%(8+%%*30*'9% 4 .% 312%++%3/'3%;%(/'=(.%3/*;;>*'9 %89*+ &*/'(%'*'9% %:6%'% 8 !5$$, &*3% ?) (.% (>*+3 6%+'*; '*(7+% /'0;0%3 /' (.% *%&%'( +3%+ 6*%37-1-2+><-8(.%9(8+(. %'#$$5, $/'(.%*%%%D9*%'(.%=+7'3(.*(9'/ 3%+/'=(.% 0*( ?7/'% 8 (.% *%%% (.% 3/*;;>*'9% 8 % :6%'% /'97++%3 (>*+3 +7''/'= *'3 &*/'(%'*'9% 8 9*+ *6 6%*+ 7'>*++*'(%3 4 .% 312 7=.( ( .*0% *66+%9/*(%3 (.*( ( .% *%%%./&%;8.*3*3&/((%3(7/'=(.%9*+8+ 6%+'*; ?%'%8/(/'./>+'(*(%&%'(7-8(.% 9(+%9+3%3 ' #$-#$ *'3 (.%+%8+% 7=.( ( .*0% 76.%;3 ( .% 3/*;;>*'9%&*3%(>*+3(./*997'( 109. +7'3 / =%'%+*; '%%3/'= ' *3B73/9*(/' 88% 9(/0% =+7'3#(48(.%%0%'7%*+%/&/;*+(/(=+ 7'3#(4/'/( *66%*;8+*%&%'()%*+#$$,$! #$$!,$5.% =+7'3.*0% ?%%'3%*;(*(6*+*44-!-4<*'34*?0%+ (.%0%+)*&% +%*' &%'(/'%3 /' (.%% 6*+* =+7'3 '7&?%+ 4 / *;;>%3 >.%+%*/(=+7'3#- <*+%3/&/%3 110. > >% (*@% 76 9+,*66%*; 8 (.% *%%% *'3 ( .% %0%'7%8+*%&%'()%*+#$$,/'(.*(+3%+ 111. +7'3'7&?%+8(.%*%%%/=%'%+*;+7'3 # (*'3<*+%/&/;*+(/(=+7'3#( *'3<8+*%&%'( )%*+#$$,$!#$$!,$5 #$$5,$.%%=+7'3.* 0%?%%'3%*;( ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 106 -: >/(. *( 6*+* - ( 4 *'3 6*+* <$ *'3 (.% *33/(/' .*0% ?%%' 3%;%(%3 99+3/'=;) (.%% =+7'3 *+% *;;>%3 8 + /&67='%3 *%&%'()%*+*; 112. E/3% /( =+7'3 4 *%%% **/; *' *33/( /' 8 `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`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` #-4<$, &*3% 8+ 7'*997'(%3 /'0%(&%'( /' * 6 +6%+() *( /+76+7+ 128. 3 %/'= 88/9%+ 37+/'= (.% 97+% 8 * %&%'( 6+9%%3/'= 87'3 (.*( *%%%D ' .+/ *'%. =*+>*; .*3 %:%97(%3'$!#$$87+*;%3%%3?%*+/'= <<(%+% ?%*+/'= #5##55--< --4*'3>%+%;9*(%3*( 7376*@ @*&0/;;*=% /+76+7+ *)&%'(>%+%&*3%*((.%+*(%8 ` #$$$$,6%+6;( 3%/'=88/9%+>*8(.%6/'/'(.*((.% 9(8'%6;( 9*&%( ` !!$$,/8(*&637()*;>*9'/3%+%3' (.%8/:%3 *%( 9.%37;% 8/;%3 *;'= >/(. (.% +%(7+' 8+ (.% /&67='%3 *%&%'()%*+*%%%.*33%9;*+%30*;7%86+ 6%+()*(/+76+7+ *( ` !5$<$,';)./?%/'=%H7/0*;%'(((.%9( 8'%6;(;3 %/'=88/9%+(@*0/%>(.*((.%?*;*'9%6*)& %'(&*3%8+ ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 112 -: *9H7/+/'=(.+%%8(.%87+6;(>%+%'(%:6;*/'% 3 3%/'= 88/9%+9'/3%+%3*7&8 `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` #5!44,?%/'=6+6+(/'*(%/'(%+%(8+3/0% +/'8/'(%+%( ?%*+/'=87'38+=/0/'=/'(%+%(8+%%*30*'9% ./=+7'3//&/;*+ (%0%'7%D=+7'3/'/(*66%*;8+*% &%'()%*+#$$4,$ G%.*0%.%;3*(6*+*4<*?0%(.*(;312>*B7 (/8/%3/'3%;%(/'= (./*33/(/'99+3/'=;)=+7'3#8(.%%0% '7%/3/&/%3 144. *0/'=90%+%3(.%%'(/+%=*&7(8*66%*;/' +%;*(/'((.% *%%%.+/*+%. +**3=*+>*;'>>%&0% '((.%*66%*; ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 116 -: 8(.%*%%%./0*.*/ '12 (38 +*%&%'()%*+ 8+*%&%'()%*+#$,# #$#,- 145. /+(>%(*@%76(.%9+,*66%*;8(.%* %%%*'3(.% %0%'7%8+*%&%'()%*+#$,#/'(.*(+3% + 146. *;+%*3)&%'(/'%3?)7*(6*+*#*?0% ./0*.*/ '12 (3.*3(*@%'0%+(.%?7;;/'(+*3/'= ?7/'%8(.% 6+6+/%(+./6 9'9%+' >'%3 ?) +*+%. +**3 = *+>*; /' %6(%&?%+#$$*'3>*9'(/'7/'=(.%*&%?7/ '%%*+;/%+ 3'%?)+*+%. +**3=*+>*;.%?7/'%/' /(%'(/+%()>* 9'379(%3?)(.%.+/+*+%. +**3=*+>*;*'3 ./'.+/ *'%.=*+>*;.%*%&%'(8(./9&6*')8 +/&67='%3(> *%&%'()%*+>%+%*;3'%67+7*'(((.%% *+9.9'379(%3/' /(6+%&/%'$4$#$#*'3$#$-#$# 147. +7'3(*@%'?)(.%*%%%8+*%&%'()%*+# $,# *+%+%6+379%3.%+%7'3%+, CD .%+3%+8&&//'%+8'9&%*:166%*; 2,5/ *=*/'((.%8*9(8(.%9*%*'36+/'9/6;%8'*( 7+%B7(/9% # .% ;%*+'%3 12 %++%3 /' *36(/'= (.% *997' ( * 6+0/3%3?) -.%;%*+'%3128*/;%3(7'3%+(*'3(.%8*9 ((.*((.%+% >%+%.7=%%+++/'(.%(*(%&%'(8*997'(*6+ 0/3%3?) *'3(.%%++'%7*997'(*6+0/3%3?) ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 117 -: 9*''( ?% 9'/3%+%3 * (.% ?*/ 8+ 8/'*;/F* (/' 8 *66%;;*'(D*997'( .%;%*+'%3128*/;%3(*66+%9/*(%(.%8*9 ((.*(?(. (.%*66%;;*'(*'3>%+%3/67(/'=%*9.(. %+*'3 (.*((.%&*((%+>*6%'3/'=?%8+%'D?;%*3+* /=.7+( <.%;%*+'%3128*/;%3(7'3%+(*'3(.%8*9( (.*((.% 6*+(/%+%8;%9(%3/'7'3+)3%?(+.*0/'=9+%3/(? *;*'9%>.%+% 6*+( *;% 9'/3%+*(/' .%% 6*+(/% >%+% 7?%H7 %'(;) (+*'8%++%3(*;%*997'(.%;%*+'%312*; ;>%3(.% 9;*/&8*66%;;*'('*997'(8&*+=/'&'%)?7(8 */;%3( 9'/3%+(.%%6*+(/%(.7+%7;(/'=/'37?;%*33 /(/' 4 *+=/' &'%) *33/(/' .% ;%*+'%3 12 8*/;%3 ( *66+%9/*(% (.% 8*9( (.*( (.% *&7'( 9;;%9(%3 /' & *+=/' *997'( +%6+%%'(%3 6*+( *;% 9'/3%+*(/' (.%% > %+% +%9%/0%38+&6+6%9(/0%?7)%+*'3'+%9%/6(8 (.%?*;*'9% (.%&*+=/'&'%)>**997'(%3**;% .%;%*+'%312(.7=.6+0/3%3+%;/%88+&37? ;%(*:*(/' ?7( 8*/;%3 ( 7'3%+(*'3 (.% 8*9( (.*( '*&% *33+% *'3 (.%+A''+&>*'(*66;/9*?;%8+*;%?%;> #;*@.*'3 .%'9% (.% *66%;;*'( 3/3 '( &*/'(*/' (.% *&% .%'9 % 9'8/+&/'=(.%*33/(/''*997'(87'%:6;*/'%39 +%3/(/?*3 /';*>DD 148. 7(8(.%*?0%/:=+7'3=+7'3 /=%'%+*; '%%3/'='6%9/8/9*3B73/9*(/' 149. .+7=./(=+7'3#(*%%%**/; (.%*33/(/' &*3%?*%38++%9'9/;/*(/'3/88%+%'9%*'37'*99 7'(%39+%3/('(% 0/,M,0//((+*'*9(/'>/(./&/;*+ =+7'3.*?%%' +*/%3 ?) (.% *%%% .+/ *+%. +**3 =*+>*; *; /' ./ *66%*;8+*%&%'()%*+#$$,$!(#$$,1 <$( ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 118 -: <-'#$2G%.*0%*;+%*3).%;3*(6*+*-( 4*?0%(.*( (.%*33/(/'>%+%'(>*++*'(%37'3%+(.%8*9(*'3 9/+97&(*'9%8 (.%9*%+(.%+%*'&%'(/'%3/'(.%%6*+* >%3%;%(%(.% *33/(/'/'(.%.*'38(./*%%%*;+7'3 #(8(.% *%%%*+%*;;>%3 150. +7'3<8(.%*%%%**/;*'*33/ (/'&*3%8+ 9+%3/(?*;*'9%/'7'3+)3%?(+*997'( 151. @*997'(8*%%%+%8;%9(%39+%3/(? *;*'9%/'(.% 8;;>/'=3%?(+*997'( *&6*(.+/9.) $$$$$$ 7'3*++/9.) $<<$$$$ .*'=*&*'/+/9.) <4$$$$$ E%%+*&*'/+/9.) $$$$$$$ -<$$$$ 3 %/'= 88/9%+ 9'/3%+%3 (.% *?0% 9+%3/( * 7'%:6;*/'%3 /'9%*%%%97;3'(8/;%*')9'8/+&*(/''+ =/0%*')3%(*/;' (.%*?0%9+%3/(?*;*'9%%%%D*66%*;?%8+% (.% 3123/3 '( &%%( >/(. *') 799% 312 '(%3 (.*( * %%% >* 7'*?;%(87+'/.*')%0/3%'9%/'766+(8(.%9+ %3/(%0%'37+/'= (.%+%&*'36+9%%3/'=>?%8+%7;37?&/ ((%3(.*((.% *&7'(>%+%*3B7(%3*=*/'((.%*;%'$#$ #$#$ 6%+(.%;3(.%9+%3/(?*;*'9%>%+%6*+(8 *;%*'3(+*'8%++%3 ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 119 -: (*;%%'9%*99+3/'=(./&*%6*+*(%*33/( /'97;3'(?% &*3%8+/( 152. %+9'(+*;3766+(%3(.%+3%+8;>%+ *7(.+/(/% 153. G%.*0%.%*+3(.%+/0*;7?&//' 3%/'= 88/9%+/' ./ +%&*'3 %6+( 3*(%3 5##$ (*(%3 (.*( *% %% .*3 87+'/.%3;%3=%+%:(+*9(8+*;;(.%*?0%87+6* +(/%>%0%+* 6%+(.%;3%/'=88/9%+3%;/0%+)8=3 ((.%%6%+'>%+% &*3%*8(%+*'7'37;);'=6%+/38(/&%99+3/'= (./&&%+% 87+'/./'=8;%3=%+%:(+*9(>%+%'(788/9/%'(( B7(/8)(.%9+%3/( ?*;*'9%G.*(>%8/'3/(.*((.%9;*/&8(.%* %%%(.*((.%% 9+%3/(+>%+%67+9.*%+8=;3*'3766;/%>%+ %&*3%((.%&/' 6+/; #$# .* '( ?%%' 87'3 ( ?% /'9++%9( + 8*;% .% (+*'*9(/' 7=.( '( .*0% ?%%' 3/?%;/%0%3 B7( 8 + (.% 3%;*) /' 766;)/'=(.%=3%%%.*0/'=.>'(.*(* ;%>%+%%88%9(%3 (9;%*+(.%9+%3/(/'3%?(+*997'(/'7+6/ '/'*'*33/(/' 7=.('(.*0%?%%'&*3%79.*33/(/'(*'33%;% (%399+3/'=;) +7'3<8(.%*%%%/*;;>%3 ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 120 -: 154. E/3%/(+7'34*%%%**/;(.%*3 3/(/'&*3% 74!8(.%9(8+6%*@9+%3/(/'?7;;/'&*+=/ '&'%)*997'( /&/;*+=+7'3.*?%%'+*/%3?)(.%*%%%.+ /*+%. +**3 =*+>*;/'./*66%*;8+*%&%'()%*+#$$4,$ (#$#,-1 5(<<'#$2G%.*0%*3B73/9*(%3 (.//7%*( 6*+* <- ( < *?0% /&/;*+ 3/+%9(/' *+% =/0%' .%+% *; 99+3/'=;)=+7'34+*/%3?)(.%*%%%/ 6*+(;)*;;>%3 155. >>%(*@%76*66%*;8%0%'7%8+*%&% '()%*+ #$,# 156. %0%'7% .* (*@%' *;(=%(.%+ /: =+7'3 8 >./9. +7'3 4*+%=%'%+*;'%%3/'='6%9/8/9* 3B73/9*(/' 157. E/3%/(=+7'3#%0%'7%**/;(.%3 /+%9(/'8(.% 312(*99%6((.%;9;*/&%3?)(.%*%% %8+(.%/&67='%3 *%&%'()%*+ 158. %%% .*3 9;*/&%3 ; 8 `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` * ;8+*%&%'( )%*+#$$4,$1!<.')#$2(.*((.%+%> *'+%*'( &*@% *') 3/*;;>*'9% 8+ 6+6+(/'*(% /'(%+%( 9 '/3%+/'= (.% 7?(*'(/*;/'(%+%(8+%%87'3*0*/;*?;%>/(.(.%* %%%99+3/'=;) >% *+% 8 (.% 6/'/' (.*( 312 >* B7(/8/%3 /' 3%;%(/'= (.% *33/(/' 8 `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` *'+%*'(&*@%*')3/*;;>*'9%8+6+6+(/ '*(%/'(%+%( 9'/3%+/'= (.% 7?(*'(/*; /'(%+%( 8+%% 87'3 *0* /;*?;% >/(. (.% *%%%+7'3-8(.%%0%'7%(*'33/&/ %3 171. .+7=. /( +7'3 %0%'7% **/; 3%;%(/ ' 8 *' *33/(/' 8+ * 9+%3/( ?*;*'9% 8 ` -$ ;*@. /' (.% *997'( 8 '% + /(**/ ITA NOS. 1447, 1448, 1988, 1989, 1449 TO 1455, 1485 TO 1491/17. :- 126 -: 172. G%.*0%.%*+3(.%+/0*;7?&//'*'36%+7%3(. %+3%+ /'3/'= 8 312 >/(. +%=*+3 ( (.% *33/(/' & *3% 8+ 9+%3/( ?*;*'9%/'(.%'*&%8+ /(**/*66%*+/'=*( 6*+*,#8./ +3%+.*?%%'+%6+379%3?)7*(6*+**?0% 312.* '(%3(.*((.%*&7'(+%9%/0%38+&+ /(**/ >%+%+%6*)&%'(8 %*+;/%+*30*'9%8 `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