ACIT, Alwar V. KALAS BIOTECH LTD., Alwar

ITA 180/JPR/2016

• Counselvise Citation: [2018] 126 COUNSELVISE.COM (IT) 2072 (ITAT-JAIPUR)
• Duration Of Justice: 1 year(s) 11 month(s) 19 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 19-02-2018
• Appeal Filed By: Department
• Order Result: Partly Allowed
• Bench Allotted: Not Allotted
• Assessment Year: 2010-2011
• Appeal Filed On: 01-03-2016
• Result in Favour of: Partly Allowed
• Court: TRIBUNAL
• Department Lawyers: R A VERMA
• Assessee Lawyers: RAJEEV SAGONI
• Keywords: Unexplained cash credit; Source of fund; Permanent establishment; Question of law; Fair market value
• Section: 43B; 143(3); 131; 139

Judgement Text

VK;DJ VIHYH; VF/KDJ.K] T;IQJ U;K;IHB] T;IQJ IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHE S, JAIPUR JH FOT; IKY JKO] U;KF;D LNL; ,OA JH HKKXPAN] YS[KK L NL; DS LE{K BEFORE: SHRI VIJAY PAL RAO, JM & SHRI BHAGCHAND, A M VK;DJ VIHY LA- @ ITA NO. 180/JP/2016 FU/KZKJ.K O'K Z @ ASSESSMENT YEAR : 2010-11 THE ACIT, CIRCLE-2, ALWAR. CUKE VS. M/S DALAS BIOTECH LTD. E-292-A, INDUSTRIAL AREA, BHIWADI, ALWAR. LFKK;H YS[KK LA-@THVKBZVKJ LA-@ PAN/GIR NO.: AACCS4061Q VIHYKFKHZ@ APPELLANT IZR;FKHZ@ RESPONDENT FU/KZKFJRH DH VKSJ L S@ ASSESSEE BY : SHRI RAJEEV SAGONI (C.A.) JKTLO DH VKSJ LS @ REVENUE BY : SHRI R.A. VERMA (ADDL. CIT) LQUOKBZ DH RKJH[ K@ DATE OF HEARING : 12/12/2017 MN?KKS'K.KK DH RKJH[ K@ DATE OF PRONOUNCEMENT: 19/02/2018 VKNS'K@ ORDER PER: VIJAY PAL RAO, J.M. THIS APPEAL BY THE REVENUE IS DIRECTED AGAINST THE ORDER DATED 02.12.2015 OF CIT (A), ALWAR FOR THE ASSESSMENT YEA R 2010-11. THE REVENUE HAS RAISED THE FOLLOWING GROUNDS:- APPEAL IS FILED ON THE FOLLOWING GROUNDS AGAINST THE ORDER OF LD. CIT), ALWAR IN APPEAL NO. 87/2013-14 DATED 02.12.20 15 IN THE CASE OF M/S DALAS BIOTECH LTD., E-292-A INDUSTRIAL AREA, BHIWADI, ALWAR (AACCS4061Q) FOR THE A.Y. 2010-11:- ITA NO.180/JP/2016 ACIT V M/S DALAS BIOTECH LTD., ALWAR. 2 1. THAT THE LD. CIT(A) HAS ERRED ON THE FACTS & CIR CUMSTANCES OF THE CASE IN DELETING THE ADDITIONAL OF RS. 52,00,00 0/- MADE ON ACCOUNT OF UNEXPLAINED CASH CREDITS. 2. THAT THE LD. CIT(A) HAS ERRED ON THE FACTS & CIR CUMSTANCES OF THE CASE IN DELETING THE DISALLOWANCE OF RS. 3,41,0 69/- MADE ON ACCOUNT OF COMMISSION PAID TO SH. PREMLAL C SHAH. 3. THAT THE LD. CIT(A) HAS ERRED ON THE FACTS & CIR CUMSTANCES OF THE CASE IN DELETING THE DISALLOWANCE OF RS. 4,81,5 62/- U/S 40(A)(IA) OF THE ACT MADE ON ACCOUNT OF COMMISSION PAID TO FOREIGN PARTIES. 4. THAT THE LD. CIT(A) HAS ERRED ON THE FACTS & CIR CUMSTANCES OF THE CASE IN DELETING THE DISALLOWANCE OF RS. 1,20,0 00/- MADE OUT OF REMUNERATION PAID TO SMT., LEKHA RAJANI. 5. THAT THE LD. CIT(A) HAS ERRED ON THE FACTS & CIR CUMSTANCES OF THE CASE IN DELETING THE DISALLOWANCE OF RS. 33,086 /- MADE U/S 40(A)(IA) OF THE I.T. ACT, 1961. 6. THAT THE LD. CIT(A) HAS ERRED ON THE FACTS & CIR CUMSTANCES OF THE CASE IN DELETING THE DISALLOWANCE OF RS. 45,915 /- MADE ON ACCOUNT OF LATE DEPOSIT OF EMPLOYEES CONTRIBUTION T OWARDS ESI & PF. THAT THE APPELLANT CRAVES LEAVE TO ADD, AMEND OR AL TER THE GROUNDS OF APPEAL ON OR BEFORE THE DATE OF APPEAL I S FINALLY HEARD FOR DISPOSAL. 2. GROUND NO. 1 IS REGARDING DELETION OF ADDITION M ADE ON ACCOUNT OF UNEXPLAINED CASH CREDIT. DURING THE ASSESSMENT P ROCEEDINGS THE AO NOTED THAT THE ASSESSEE HAS SHOWN A LOAN OF RS. 52, 00,000/- RECEIVED FROM SMT. LEKHA RAJANI ONE OF THE DIRECTORS OF THE COMPANY. THE ASSESSEE WAS ASKED TO FURNISH CONFIRMATION, PAN, DE SIGNATION OF AO ITA NO.180/JP/2016 ACIT V M/S DALAS BIOTECH LTD., ALWAR. 3 AND COPY OF ITR, BANK STATEMENT OF THE CREDITOR. TH E ASSESSEE FURNISHED CONFIRMATION, PAN AND DESIGNATION OF THE AO OF SMT. LEKHA RAJANI. THEREAFTER, THE ASSESSEE ALSO SUBMITTED THA T THE BANK STATEMENT OF THE LOAN CREDITOR AS WELL AS CERTIFICATE ISSUED BY ORIENTAL BANK OF COMMERCE, DELHI CERTIFYING A LOAN OF RS. 52,00,000 /- AGAINST CDR OF MRS. LEKHA RAJANI ON 31.03.2010. THE AO ISSUED SUMM ONS U/S 131 TO SMT. LEKHA RAJANI FOR EXAMINATION AND THE STATEMENT OF SMT. LEKHA RAJANI WAS RECORDED BY THE AO. THE AO OBSERVED THAT SMT. LEKHA RAJANI HAS CLEARLY DENIED HAVING GIVEN ANY LOAN TO ANYBODY DURING THE RELEVANT ASSESSMENT YEAR OR DURING THE EARLIER YEAR S. FURTHER, SMT. LEKHA RAJANI ALSO STATED THAT SHE DID NOT HAVE ANY SOURCE OF INCOME EXCEPT SALARY FROM THE COMPANY WHICH SHE STARTED RE CEIVING FROM FINANCIAL YEAR 2009-10. THE ASSESSING OFFICER AFTER ANALYZING THE STATEMENT OF SMT. LEKHA RAJANI AS WELL AS THE BANK DETAILS HELD THAT THE GENUINENESS AND CREDIT WORTHINESS OF THE LOAN OF RS . 52,00,000/- IS DOUBTFUL AND UNEXPLAINED. ACCORDINGLY, THE AO MADE AN ADDITION OF RS. 52,00,000/- AS UNEXPLAINED CASH CREDIT OF THE ASSES SEE COMPANY. THE ASSESSEE CHALLENGED THE ACTION OF THE AO BEFORE THE LD. CIT(A), AND FILED ADDITIONAL WHICH WAS FORWARDED TO THE AO FOR EXAMINATION AND COMMENTS. THE AO SUBMITTED THE REMAND REPORT ALONG WITH THE ITA NO.180/JP/2016 ACIT V M/S DALAS BIOTECH LTD., ALWAR. 4 RELEVANT EXCERPTS OF HER STATEMENT RECORDED DURING THE REMAND PROCEEDINGS. AFTER CONSIDERING THE REMAND REPORT AN D THE STATEMENT OF SMT. LEKHA RAJANI RECORDED DURING THE REMAND PROCEE DINGS THE LD. CIT(A) DELETED THE ADDITION MADE BY THE AO ON THIS ACCOUNT. 3. BEFORE US, LD. DR HAS SUBMITTED THAT AO HAS RECO RDED THE STATEMENT OF SMT. LEKHA RAJANI DURING THE ASSESSMEN T PROCEEDINGS AND AS PER THE QUESTION NO. 20 TO 24 AND 28 SMT. LEKHA RAJANI HAS DENIED HAVING ANY INCOME OR SOURCE OF FUND FOR GIVING ALLE GED LOAN OF RS. 52 LACS TO THE ASSESSEE COMPANY. HE HAS REFERRED TO TH E RELEVANT PART OF THE STATEMENT AND SUBMITTED THAT SHE HAS DENIED HAV ING GIVING ANY LOAN TO THE ASSESSEE COMPANY. THEREFORE, ONCE THAT SMT. LEKHA RAJANI HAS DENIED HAVING ANY SOURCE OF INCOME OR FUND AS W ELL AS GIVING ANY LOAN TO THE ASSESSEE COMPANY THEN THE GENUINENESS O F THE TRANSACTION COULD NOT BE PROVED BY THE ASSESSEE. HE HAS FURTHER CONTENDED THAT SMT. LEKHA RAJANI WAS NOT A THIRD PERSON BUT IS ONE OF THE DIRECTORS OF THE ASSESSEE COMPANY AND THEREFORE, STATEMENT RECOR DED DURING THE REMAND PROCEEDINGS IS AN AFTERTHOUGHT AND SELF SERV ING WHICH IS CONTRARY TO THE STATEMENT RECORDED DURING THE ASSES SMENT PROCEEDING. IN THE ABSENCE OF THE ANY ALLEGATION OF MISTAKE IN THE STATEMENT OR COERCION APPLIED BY THE AO DURING THE COURSE OF ASS ESSMENT ITA NO.180/JP/2016 ACIT V M/S DALAS BIOTECH LTD., ALWAR. 5 PROCEEDING, THE SECOND STATEMENT OF SMT. LEKHA RAJA NI CANNOT BE ACCEPTED. FURTHER, EVEN IF SHE HAS ACCEPTED GIVING LOAN SHE HAS FAILED TO EXPLAIN THE SOURCES OF THE LOAN. THE INCOME OF SMT. LEKHA RAJANI AND THE DETAILS OF HER BANK ACCOUNT SHOWS THAT THE FUND S CREDITED TO HER BANK ACCOUNT DO NOT BELONG TO HER AND MAY BE THE UN ACCOUNTED FUND OF THE ASSESSEE COMPANY ROOTED THROUGH THE BANK ACC OUNT OF THE DIRECTOR. HE HAS RELIED UPON THE ORDERS OF THE AUTH ORITIES BELOW. 4. ON THE OTHER HAND, LD. AR OF THE ASSSSEE HAS SUB MITTED THAT THE AO AGAIN EXAMINED THE LOAN CREDITOR DURING THE REMA ND PROCEEDINGS WHEREIN SHE HAS EXPLAINED THE SOURCE OF FUNDS AS WE LL AS LOAN GIVING TO THE ASSESSEE COMPANY. THEREFORE, ONCE THE ENTIRE TR ANSACTION IS REFLECTED IN THE BANK ACCOUNT OF THE LOAN CREDITOR AND PRODUCE BEFORE THE AO THEN, THE ASSESSEE HAS DISCHARGED ITS ONUS T O EXPLAIN THE CASH CREDIT IN THE BOOKS. HE HAS SUPPORTED THE ORDER OF THE LD. CIT(A). 5. WE HAVE CONSIDERED THE RIVAL SUBMISSIONS AS WELL AS RELEVANT MATERIAL ON RECORD. THERE IS NO DISPUTE THAT DURING THE ASSESSMENT PROCEEDINGS SMT. LEKHA RAJANI STATED IN HER STATEME NT THAT SHE IS HAVING NO OTHER SOURCE OF INCOME EXCEPT SALARY FROM THE ASSESSEE COMPANY. THE RELEVANT PART OF HER STATEMENT REPRODU CED BY THE AO AS WELL AS LD. CIT(A) AS UNDER:- ITA NO.180/JP/2016 ACIT V M/S DALAS BIOTECH LTD., ALWAR. 6 IZ'U 20 VKIDK DEIUH DS OSRU DS VYKOK VU; VK; DS L=K SR DS CKJS ESA CRKOSA\ MRJ DEIUH DS OSRU DS VYKOK VK; DS L=KSR UGHA GSAAA IZ'U 21 FORRH; OKZ 2009&10 LS IGYS DS UKS&NL OKKS ZA ESA VKIUS CRK;K FD VKI DKSBZ DK;Z UGHA DJ JGS FKS RKS D;K BU OKKSZA E SA VKIDH DKSBZ VK; FKH\ MRJ ESJH DKSBZ VK; INCOME UGHA FKHA BU OKKSZA ESA OKZ 2000 DS CKN ESJH DKSBZ VK; UGHA GSA BU OKKSZA ESA ESJH SAVINGS UGHA FKHA IZ'U 22 FORH; OKZ 2009&10 ,OA MLLS IGYS DH DKSBZ L SAFOXL ;K CSAD [KKRKSA ESA FDRUK ISLK GS MLDS CKJS ESA CRKOSA\ MRKJ F.Y. 2009-10 ,OA MLLS IGYS DS OKKSZA ESA ESJH DKSBZ LSFOAXL UG HA GSAA OSAD ESA FORRH; OKZ 2009&10 ,OA MLLS IGYS HKH LSFO AXL@CSYSAL UGHA FKHA LSFOAXL BF.M;K ESA VKSJ CKGJ YUNU ESA HKH UGHA FKHA ORZEKU ESA CSAD OBC UBZ FNYYH ESA 2 YK[K :- GSAA IZ'U 23 FORRH; OKZ 2009&10 ,OA MLLS IGYS TC VKI YU NU ESA FKS VKIDS UKE LS VPY ,OA PY LEIFR DS CKJS ESA FOOJ.K NHFT,A MRKJ ESJS UKE LS PY ,OA VPY LEIFR UGHA GSA ,OA FDRS HKH ESJS UKE LS UGHA GSA PY] VPY ,OA FDRS U HKKJR ESA GS U GH YUNU ESA UK GH IGYS FKHA IZ'U 24 FORRH; OKZ 2008&2009 ,OA 2009&10 ESA ;K ML LS IGYS VKIUS DKSBZ YKWU@FXV FY;K GS] MLDS CKJS ESA CRKOSA\ MKJ FORRH; OKZ 2008&09] 2009&10 ESA ;K MLLS IGYS ESUSA FDLH LS DKSBZ YKWU@FXV UGHA FY;K GSA IZ'U 25 FORRH; OKZ 2009&10 ESA D;K VIUS DKSBZ YKWU @FXV FN;K GS] D;K DEIUH ESA 'KS;J DSFIVY ESA HKH DKSBZ FUOS'K FD;K GS RKS FOOJ.K NSOSA\ MKJ UGHAA FORH; OKZ 2009&10 ,OA MLLS IGYS DS OKK SZA ESA ESUSA FDLH HKH IZDKJ DK YKWU@FXV FDLH DKS UGHA FN;K GS] UK GH ESU SA 'KS;J DSFIVY ESA HKH FUOS'K FD;K GS] UK GH CKN DS LKYKSA ESA YKWU@FXV] 'KS;J DSFIVY FN;K GSA IZ'U 26 FNUAKD 31-03-2010 DKS ESA] NYKL CK;KSVSD FY FEVSM DH FDRKCKSA ESA VKIDS UKE LS :I;S 52 YK[K DK YKSU VKIDS UKE LS FJFL O GKSUK CRK;K X;K GSA :I;S 52 YK[K DK YKWU VKI }KJK NYKL CK ;KSVSD DKS FN;K X;K GSA BLDS CKJS ESA VKIDK D;K DGUK GS\ MKJ BLDS CKJS ESA EQ>S DQN EKYWE UGHAA IZ'U 27 VKIUS ES- NYKL CK;KSVSD FYFEVSM DKS FNUAKD 31-03-2010 DKS D;K VKIUS :I;S 52 YK[K DK YKWU FN;K GS] ;FN GKWA] RKS M LDS L=KSR DS CKJS ESA FOOJ.K CRKOSAA ITA NO.180/JP/2016 ACIT V M/S DALAS BIOTECH LTD., ALWAR. 7 MKJ BLDS CKJS ESA EQ>S DQN EKYWE UGHAA IZ'U 28 VKIDKS GE ,D CONFIRMATION FN[KK JGS GSA TKS FD ES- NYKL CK;KSVSD FYFEVSM US F.Y. 2009&10 LS LECFU/KR FU/KKZJ.K DS NKSJKU FN;K GS FTLESA VKIUS BUGSA :I;S 52 YK[K DK YKWU NSU S DKS CONFIRM FD;K GS FTLESA VKIDS GLRK{KJ GSA ,OA VKIDKS ,D OBC DK [KKRK LA-10488011000696 FN[KK JGS GSA FTLESA FNU KAD 31-03- 2010 DKS :I;S 52 YK[K DK MSFCV GQVK GS ,OA FNUAKD 1 6-04-2010 DKS :I;S 52]21]661-00 DH ADJUSTMENT ENTRY GS D`I;K BLDK FOOJ.K NSOSAA D`I;K BU NKSUKSA ENTRIES DK FOOJ.K NSAA MIJKSDR [KKRK LA- D;K VKIDK GS\ MKJ BUDS CKJS ESA EQ>S TKUDKJH UGHA GSA SHE HAS EVEN STATED THAT BEFORE THE FINANCIAL YEAR 2009-10 SHE WAS NOT HAVING ANY INCOME SINCE THE YEAR 2000 EXCEPT SAVING OF RS. 2 LACS SHE WAS NOT HAVING ANY FUND IN THE BANK. EVEN, IN RESPO NSE TO QUESTION NO. 27 AND 28 SHE HAS DENIED HAVING KNOWLEDGE ABOUT THE ALLEGED LOAN OF RS. 52 LACS GIVEN TO THE ASSESSEE COMPANY. THUS, I T IS CLEAR THAT THOUGH THE LOAN TRANSACTION IS SHOWN FROM THE ACCOUNT OF S MT. LEKHA RAJANI THE DIRECTOR OF THE ASSESSEE COMPANY HOWEVER, THE F UNDS IN THE ACCOUNT AND EVEN THE OPERATION OF THAT ACCOUNT WAS NOT IN T HE KNOWLEDGE OF SMT. LEKHA RAJANI. IT APPEARS THAT THE SAID BANK AC COUNT OF SMT. LEKHA RAJANI HAS BEEN OPERATED BY HER HUSBAND WHO IS ALSO THE DIRECTOR OF THE COMPANY AND THEREFORE, THE POSSIBILITY OF UNACCOUNT ED MONEY OF THE ASSESSEE COMPANY ROOTED THROUGH THE BANK ACCOUNT OF SMT. LEKHA ITA NO.180/JP/2016 ACIT V M/S DALAS BIOTECH LTD., ALWAR. 8 RAJANI CANNOT BE RULED OUT. IT APPEARS TO BE A MATT ER OF BENAMI STOCK TRANSACTION OF USING THE BANK ACCOUNT OF SMT. LEKHA RAJANI. 6. AS REGARDS THE STATEMENT RECORDED DURING THE REM AND PROCEEDING, WE FIND THAT THERE IS NO ALLEGATION EIT HER BY THE ASSESSEE OR SMT. LEKHA RAJANI THAT HER STATEMENT DURING THE ASS ESSMENT PROCEEDINGS WAS RECORDED BY THE AO UNDER DUROUS OR COERCION. EVEN THERE IS NO ALLEGATION OR CLARIFICATION SUBSEQUENTL Y THAT SHE HAS MADE A INCORRECT STATEMENT DURING THE ASSESSMENT PROCEEDIN G. THE STATEMENT RECORDED DURING THE REMAND PROCEEDINGS IS A TUTORED STATEMENT TO SEVER THE INTEREST OF THE ASSESSEE COMPANY. IT IS NOT A C ASE OF STATEMENT RECORDED BY THE AO OF A THIRD PARTIES AT THE BACK O F THE ASSESSEE BUT THE STATEMENT OF THE DIRECTOR OF THE ASSESSEE COMPA NY ITSELF WAS RECORDED BY THE AO. HENCE, WE ARE OF THE CONSIDERED OPINION THAT THE SECOND STATEMENT CANNOT BE GIVEN PRECEDENT TO THE F IRST STATEMENT RECORDED DURING THE ASSESSMENT PROCEEDINGS. RATHER THE CHANCES AND POSSIBILITIES OF TEMPERING AND TUTORING OF STATEMEN T GIVEN SUBSEQUENTLY AT THE TIME OF REMAND PROCEEDINGS ARE MORE LIKELY. THUS, THOUGH THE ENTIRE TRANSACTION HAS BEEN DONE THROUGH THE BANK A CCOUNT OF SMT. LEKHA RAJANI HOWEVER, THE QUESTION REMAINS WHOM THE FUNDS FLOW FROM THE BANK ACCOUNT BELONG TO. ACCORDING, WE SET ASIDE THIS ISSUE TO THE ITA NO.180/JP/2016 ACIT V M/S DALAS BIOTECH LTD., ALWAR. 9 RECORD OF THE ASSESSING OFFICER FOR CARRYING OUT A PROPER EXAMINATION AND INVESTIGATION ON THIS POINT. NEEDLESS TO SAY TH E ASSESSEE BE GIVEN AN OPPORTUNITY OF HEARING BEFORE PASSING A FRESH OR DER ON THIS ISSUE. 7. GROUND NO. 2 IS REGARDING THE DELETION OF DISALL OWANCE OF RS. 3,41,069/- ON ACCOUNT OF COMMISSION PAID. THE AO NO TED THAT THE ASSESSEE HAS CLAIMED A SUM OF RS. 16,27,690/- AGAIN ST COMMISSION PAID EXPENSES. THE AO ASKED THE ASSESSEE TO FURNISH THE DETAILS OF THE COMMISSION PAID. THE ASSESSEE WAS ALSO ASKED TO FUR NISH THE NAME AND ADDRESS, AMOUNT AND PAN OF THE PARTIES TO WHOM COMM ISSION WAS PAID DURING THE YEAR UNDER CONSIDERATION. AFTER AVAILING VARIOUS OPPORTUNITIES AND REMINDERS THE ASSESSEE FINALLY FILED ITS REPLY AND SUBMITTED THAT COMMISSION CREDITED TO M/S G.C. CHEMIE PHARMIE LTD . COULD NOT BE PAID TO THE PARTY DUE TO SOME DIFFERENCES AND THE A MOUNT WAS WRITTEN BACK IN THE SUBSEQUENT YEAR. THUS, THE ASSESSEE SUB MITTED THAT THE AMOUNT WAS CONSIDERED AS INCOME IN THE SUBSEQUENT Y EAR AND THEREFORE, THE SAME COULD NOT BE DISALLOWED IN THE YEAR UNDER CONSIDERATION. THE AO AFTER CONSIDERING THE REPLY O F THE ASSESSEE HAS DISALLOWED A SOME OF RS. 1,68,681/- ON ACCOUNT OF C OMMISSION CREDITED TO M/S G.C. CHEMIE PHARMIE LTD. THE ASSESSEE HAS AL SO CLAIMED RS. 3,41,069/- AS COMMISSION PAID TO SHRI PERMAL C SHAH . THE ASSESSEE ITA NO.180/JP/2016 ACIT V M/S DALAS BIOTECH LTD., ALWAR. 10 FILED A CONFIRMATION FROM SHRI PERMAL C SHAH WHERE IN HE HAS ADMITTED THE PAYMENT OF COMMISSION OF RS. 3,02,047/- FOR THE FINANCIAL YEAR 2007-08 AND FINANCIAL YEAR 2008-09. THE AO PROPOSED TO DISALLOW THE SAID AMOUNT ON THE GROUND THAT IT DOES NOT PERTINEN T TO THE ASSESSMENT YEAR UNDER CONSIDERATION. THE ASSESSEE THEN EXPLAIN ED THAT THOUGH THE INVOICE OF COMMISSION RELATES TO THE EARLIER ASSESS MENT YEARS HOWEVER, THE AMOUNT WAS PAID DURING THE FINANCIAL YEAR 2009- 10 RELEVANT TO THE ASSESSMENT YEAR UNDER CONSIDERATION AND TDS ON THE SAID COMMISSION WAS ALSO DEBITED AND DEPOSITED IN THE FINANCIAL YEA R 2009-10. ACCORDINGLY, THE AO DISALLOWED THE SAID AMOUNT OF R S. 3,41,069/-. ON APPEAL THE LD. CIT(A) HAS ALLOWED THE CLAIM OF THE ASSESSEE REGARDING COMMISSION PAYMENT OF RS. 3,41,069/- TO SHRI PERMAL C SHAH ON THE GROUND THAT WHEN THE TDS WAS DEDUCTED DURING THE YE AR UNDER CONSIDERATION ON THE PAYMENT MADE DURING THE YEAR T HEN, THE AO IS NOT JUSTIFIED DISALLOWING THE AMOUNT. 8. BEFORE US, THE LD. DR HAS SUBMITTED THAT THIS CO MMISSION EXPENDITURE PERTAINS TO THE EARLIER ASSESSMENT YEAR S THEN MERELY THE PAYMENT WAS MADE DURING THE YEAR WILL NOT MAKE IT A LLOWABLE DEDUCTION. HE HAS RELIED UPON THE ORDER OF THE AO. ITA NO.180/JP/2016 ACIT V M/S DALAS BIOTECH LTD., ALWAR. 11 9. ON THE OTHER HAND, LD. AR OF THE ASSESSEE SUBMIT TED THAT SINCE, THE ISSUE WAS CRYSTALLIZED DURING THE YEAR UNDER CO NSIDERATION, THEREFORE, IT IS ALLOWABLE IN THE YEAR OF CRYSTALLI ZATION. HE HAS SUPPORTED THE ORDER OF THE LD. CIT(A). 10. WE HAVE CONSIDERED THE RIVAL SUBMISSIONS AS WEL L AS RELEVANT MATERIAL ON RECORD. AS FAR AS PAYMENT OF THE COMMIS SION AND DEDUCTION OF TDS DURING THE YEAR UNDER CONSIDERATION IS CONCE RNED THE SAME IS NOT IN DISPUTE THEREFORE, IF THE ASSESSEE HAS NOT C LAIMED THIS EXPENDITURE IN THE EARLIER ASSESSMENT YEAR THEN THE SAME IS ALLOWABLE CLAIM AS THE EXPENDITURE LIABILITY WAS CRYSTALLIZED DURING THE YEAR UNDER CONSIDERATION ON RECEIPT OF DEBIT NOTE. HOWEVER, TH ERE IS NOT DISPUTE THAT THE COMMISSION RELATES TO THE FINANCIAL YEARS 2007-08 AND 2008-09 AS ADMITTED BY THE ASSESSEE IN ITS REPLY, THEREFORE , ONLY RIDER FOR ALLOWING THE CLAIM OF THE ASSESSEE IS WHETHER THIS CLAIM WAS EARLIER MADE BY THE ASSESSEE OR NOT. ACCORDINGLY SUBJECT TO THE VERIFICATION THAT THE SAID CLAIM HAS NOT BEEN MADE IN THE EARLIER ASS ESSMENT YEARS WE DO NOT FIND ANY REASONS TO INTERFERE WITH THE ORDER OF THE LD. CIT(A). THE AO IS DIRECTED TO VERIFY WHETHER THE ASSESSEE HAS M ADE ANY CLAIM OF THIS AMOUNT IN THE EARLIER YEARS OR NOT. ITA NO.180/JP/2016 ACIT V M/S DALAS BIOTECH LTD., ALWAR. 12 11. GROUND NO. 3 IS REGARDING DISALLOWANCE OF COMM ISSION U/S 40(A) (IA) OF THE ACT. THE AO NOTED THAT THE ASSESSEE H AS PAID COMMISSION TO FOREIGN PARTIES OF RS. 4.81,562/- HOWEVER, THE A SSESSEE HAS NOT DEDUCTED TAX ON THE SAME. ACCORDINGLY, THE AO MADE DISALLOWANCE OF THE SAID AMOUNT OF RS. 4,81,562/- BY INVOKING THE P ROVISIONS OF SECTION 40(A)(IA) OF THE ACT. THE LD. CIT(A) ALLOWED THE CL AIM OF THE ASSESSEE ON THE GROUND THAT THE RECIPIENT OF THE COMMISSION IS NOT HAVING PERMANENT ESTABLISHED (PE) IN INDIA AND THEREFORE, THIS AMOUNT WAS NOT TAXABLE IN INDIA IN THE HAND OF THE RECIPIENT. 12. BEFORE US, LD. DR HAS SUBMITTED THAT THE AO HA S CLEARLY DISCUSSED THE FACTS IN RESPECT OF THIS AMOUNT AND P OINTED OUT THAT THE ASSESSEE HAS NOT PRODUCED ANY DOCUMENTARY EVIDENCE TO SHOW THE INCOME WAS NOT ACCRUED IN INDIA. FURTHER, THE ASSES SEE HAS CLAIMED CERTAIN EXPENSES ON ACCOUNT OF VISIT BY THE BANGL ADESH AGENTS TO INDIA AND THEREFORE, THE AO HAS CLEARLY ESTABLISH T HE FACT THAT THE SERVICES WERE RENDERED IN INDIA AND INCOME IS ALSO ACCRUED IN INDIA. 13. ON THE OTHER HAND, LD. AR OF THE ASSESSEE HAS S UBMITTED THAT THE RECIPIENT ARE HAVING NO P.E. IN INDIA AND THEY HAVE NOT RENDERED ANY SERVICES IN INDIA TO THE ASSESSEE. THE ASSESSEE MAD E THE PAYMENT IN FOREIGN CURRENCY AS THE SERVICES WERE RENDERED OUTS IDE INDIA. THUS, ITA NO.180/JP/2016 ACIT V M/S DALAS BIOTECH LTD., ALWAR. 13 WHEN THE INCOME HAS NOT ARISEN OR ACCRUED IN INDIA IN THE HAND OF RECIPIENT BECAUSE OF NO PE IN INDIA THEN, THE ASSES SEE IS NOT UNDER OBLIGATION TO DEDUCT TDS. HE HAS SUPPORTED THE ORD ER OF THE LD. CIT(A). 14. WE HAVE CONSIDERED THE RIVAL SUBMISSION AS WELL AS RELEVANT MATERIAL ON RECORD. THE COMMISSION IN QUESTION WAS PAID TO THE NON RESIDENT WHO WAS NOT HAVING PERMANENT ESTABLISHMENT (PE) IN INDIA HOWEVER, NEITHER THE AO NOR THE LD. CIT(A) HAS DISC USSED THE NATURE OF SERVICES RENDERED BY THE NON RESIDENTS TO THE ASSES SEE. FURTHER, IT IS ALSO NOT EMERGING FROM THE RECORD WHETHER THE ASSES SEE IS HAVING ANY BUSINESS OUTSIDE INDIA. THEREFORE, IN THE ABSENCE O F NATURE OF SERVICE RENDERED BY THE NON-RESIDENT AS WELL AS IN THE ABSE NCE OF ANY CONTRACT /AGREEMENT BETWEEN THE PARTIES PRODUCE BEFORE US IT IS NOT POSSIBLE TO GIVE A CONCLUDING FINDING ON THIS ISSUE. NEITHER TH E ASSESSEE NOR THE REVENUE HAS FILED ANY DOCUMENT OR DETAILS SHOWING T HE NATURE OF SERVICES RENDERED BY THESE NON RESIDENTS TO WHOM TH E COMMISSION WAS PAID. ACCORDINGLY, WE SET ASIDE THIS ISSUE TO THE RECORD OF THE ASSESSING OFFICER TO CARRY OUT A PROPER ENQUIRY AND EXAMINATI ON OF THE FACTS REGARDING THE NATURE OF SERVICES AS WELL AS THE BUS INESS CONNECTION OF THE ASSESSEE OUTSIDE INDIA AND THEN, DECIDE THIS IS SUE AS PER LAW. NEEDLESS TO SAY THE ASSESSEE BE GIVEN AN OPPORTUNIT Y OF HEARING. ITA NO.180/JP/2016 ACIT V M/S DALAS BIOTECH LTD., ALWAR. 14 15. GROUND NO. 4 IS REGARDING THE DELETION OF DISAL LOWANCE MADE ON ACCOUNT OF REMUNERATION PAID TO SMT. LEKHA RAJANI U /S 40A(2)(B) OF THE ACT. THE AO NOTED THAT THE ASSESSEE COMPANY HAS PAI D REMUNERATION OF RS. 6,00,000/- TO SMT. LEKHA RAJANI A SPECIFIED PER SON U/S 40A(2)(B). THE AO FURTHER NOTED THAT DURING THE IMMEDIATELY PR ECEDING YEAR THE ASSESSEE DID NOT PAY ANY REMUNERATION TO SMT. LEKHA RAJANI WHEREAS DURING THE YEAR UNDER CONSIDERATION THE ASSESSEE PA ID A SUM OF RS. 6,00,000/- TOWARDS SALARY/REMUNERATION. THE AO HELD THAT SHE HAS NOT INVOLVED IN THE WORKING OF THE COMPANY, THEREFORE, REMUNERATION PAID TO HER IS NOT JUSTIFIED. ACCORDINGLY, THE AO HAS DI SALLOWED 20% OF REMUNERATION PAID TO HER. ON APPEAL LD. CIT(A) ALLO WED THE CLAIM OF THE ASSESSEE. 16. BEFORE US, LD. DR HAS SUBMITTED THAT AS PER THE STATEMENT RECORDED BY THE AO SMT. LEKHA RAJANI HAS ADMITTED T HAT SHE WAS NOT HAVING KNOWLEDGE ABOUT THE AFFAIRS AND WORK OF THE COMPANY. THEREFORE, WHEN SHE WAS NOT A ACTIVE DIRECTOR INVOL VING IN THE AFFAIRS OF THE COMPANY THEN THE REMUNERATION PAID TO HER IS EX CLUSIVE. HE HAS RELIED UPON THE ORDER OF THE AO. 17. ON THE OTHER HAND, LD. AR OF THE ASSESSEE HAS S UBMITTED THAT DURING THE REMAND PROCEEDING SMT. LEKHA RAJANI HAS STATED IN THE ITA NO.180/JP/2016 ACIT V M/S DALAS BIOTECH LTD., ALWAR. 15 STATEMENT THAT SHE RENDERED SERVICES AND LOOKED AFT ER THE HOUSE KEEPING OF THE COMPANY SHE IS ALSO HOLDING PAST EXP ERIENCE IN U.K. AND WELL QUALIFY, THEREFORE, THE REMUNERATION WAS PAID @ 50,000/- PER MONTH IS COMMENSURATE TO HER SERVICES RENDERED TO T HE COMPANY. HE HAS FURTHER SUBMITTED THAT THE CLAIM OF REMUNERATIO N OF RS. 12 LACS HAS BEEN ALLOWED BY THE AO FOR THE ASSESSMENT YEAR 2012 -13 WHILE PASSING THE SCRUTINY ASSESSMENT U/S 143(3) OF THE ACT. HE H AS RELIED UPON THE ORDERS OF THE LD. CIT(A). 18. WE HAVE HEARD THE RIVAL SUBMISSIONS AS WELL AS RELEVANT MATERIAL ON RECORD. WE FIND THAT THE AO HAS DISALLOWED 20% O F THE REMUNERATION PAID TO THE DIRECTOR ONLY ON THE BASIS OF THE STATE MENT RECORDED AND WITHOUT EXAMINING THE ISSUE OF FAIR MARKET REMUNERA TION AS REQUIRED U/S 40A(2)(B) OF THE ACT. THE ASSESSING OFFICER HAS NOT CARRIED OUT ANY EXERCISE OF DETERMINING THE FAIR MARKET OR REASONAB LE VALUE OF SERVICES RENDERED BY THE DIRECTOR. THE LD. CIT(A) HAS RIGHTL Y CONSIDERED THIS ISSUE IN PARAS 10.7 AND 10.8 AS UNDER:- 10.7 DURING THE COURSE OF ASSESSMENT PROCEEDING DE TAILS OF SALARY PAID TO EMPLOYEES WERE ALSO SOUGHT AND PROVI DED WITH TDS DETAILS. AO FOUND THAT THE EMPLOYEES ARE GETTING HI GHER SALARY THAN REMUNERATION PAID TO SMT. LEKHA RAJANI, DIRECT OR OF THE ASSESSMENT COMPANY. THE AO WAS REQUIRED TO COMPARE THE REMUNERATION WITH EMPLOYEE WHO HAS LESSER RESPONSIB ILITY THAN DIRECTOR GETTING HIGHER SALARY BUT IT WAS NOT DONE. THEREFORE ITA NO.180/JP/2016 ACIT V M/S DALAS BIOTECH LTD., ALWAR. 16 BEFORE MAKING ADDITION U/S 40(A)(IA) ONUS IS CAST U PON THE AO FOR MAKING DISALLOWANCE U/S 40(A)(IA) OF THE ACT, 1961, WHICH WAS NOT DONE AT ALL THE FAIR MARKET VALUE OF SERVICES R ENDERED WERE NOT COMPARED. 10.8 HAVING CONSIDERED THE MATERIAL AVAILABLE ON RE CORD, I FIND THAT THE CLAIM OF REMUNERATION PAYMENT OF RS. 12 LA CS TO SMT. LEKHA RAJANI HAS BEEN ALLOWED BY THE AO IN AY 2012- 13, BY ORDER PASSED U/S 143(3) OF THE IT ACT. THEREFORE, CONSIDE RING HER EXPERIENCE OF MORE THAN 30 YEARS, I HOLD THAT THERE IS NO JUSTIFICATION IN MAKING A DISALLOWANCE OF REMUNERAT ION PAID TO HER. ACCORDINGLY, I DELETE THE DISALLOWANCE OF RS. 1,20, 000 MADE BY THE AO U/S 40A(2) OF THE IT ACT. THUS, IN VIEW OF THE FACTS THAT THE AO HAS NOT CARR IED OUT ANY EXERCISE TO DETERMINE THE FAIR MARKET VALUE OF SERVICE AND F URTHER THE REMUNERATION OF RS. 12 LACS PAID SMT. LEKHA RAJANI FOR THE ASSESSMENT YEAR 2012-13 WAS ALLOWED, WE DO NOT FIND ANY ERROR OR ILLEGALITY IN THE ORDER OF THE LD. CIT(A) QUA THIS ISSUE. 19. GROUND NO. 5 IS REGARDING DELETION OF DISALLOWA NCE MADE U/S 40(A)(IA) IN RESPECT OF COMMISSION PAID TO NECTAR D RUGS PVT. LTD. THE AO NOTED THAT THE ASSESSEE HAS PAID A SUM OF RS. 33 ,086/- TO M/S NECTAR DRUGS PVT. LTD. WITHOUT DEDUCTION OF TAX AT SOURCE. THE AO HAS REFERRED TO THE REPLY OF THE ASSESSEE WHEREIN THE A SSESSEE ADMITTED THAT TDS ON THE ABOVE PAYMENT WAS REQUIRED TO BE DE DUCTED BUT IT WAS NOT DEDUCTED THUS, THE ASSESSEE OFFERED THE SAID AM OUNT FOR DISALLOWED. ITA NO.180/JP/2016 ACIT V M/S DALAS BIOTECH LTD., ALWAR. 17 ON APPEAL, THE LD.CIT(A) DELETED THE DISALLOWANCE M ADE BY THE AO ON THE GROUND THAT THIS WAS NOT A PAYMENT OF COMMISSIO N BUT IT REPRESENTS THE AMOUNT OF REBATE AND DISCOUNT ALLOWED BY THE AS SESSEE TO NECTAR DRUGS PVT. LTD. 20. BEFORE US, LD. DR HAS RELIED UPON THE ORDERS OF THE ASSESSING OFFICER AND SUBMITTED THAT THE ASSESSEE ITSELF AGRE ED TO THE DISALLOWANCE. 21. ON THE OTHER HAND, LD. AR OF THE ASSESSEE HAS S UBMITTED THAT THE ASSESSEE FURNISHED THE COMPLETE DETAILS BEFORE THE AO AS WELL AS LD. CIT(A) AND ALSO DETAILS OF THE TDS DEDUCTED AS PER RATE APPLICABLE. HE HAS SUPPORTED THE ORDER OF THE LD. CIT(A). 22. WE HAVE CONSIDERED THE RIVAL SUBMISSIONS AS WEL L AS RELEVANT MATERIAL ON RECORD. THOUGH THE ASSESSING OFFICER HA S DISALLOWED A SUM OF RS. 33,086/- BY TREATING THE SAME AS COMMISSION PAYMENT U/S 40(A)(IA) OF THE ACT HOWEVER, THE LD. CIT(A) FOUND THAT THIS PAYMENT DOES NOT PERTAINS TO THE COMMISSION BUT IT REPRESEN TS REBATE AND DISCOUNT. RELEVANT FINDING OF THE LD. CIT(A) IN PAR A 11.7 IS AS UNDER:- DURING THE COURSE OF ASSESSMENT PROCEEDINGS DETAIL S OF SALARY PAID TO EMPLOYEES WERE ALSO SOUGHT AND PROVIDED WIT H TDS DETAILS. AO FOUND THAT THE EMPLOYEES ARE GETTING HI GHER SALARY THAN REMUNERATION PAID TO SMT. LEKHA RAJANI, DIRECT OR OF THE ASSESSEE COMPANY. THE AO WAS REQUIRED TO COMPARE TH E ITA NO.180/JP/2016 ACIT V M/S DALAS BIOTECH LTD., ALWAR. 18 REMUNERATION WITH EMPLOYEE WHO HAS LESSER RESPONSIB ILITY THAN DIRECTOR GETTING HIGHER SALARY BUT IT WAS NOT DONE. THEREFORE BEFORE MAKING ADDITION U/S 40A(2) OF THE IT ACT, 19 61, WHICH WAS NOT DONE AT ALL THE FAIR MARKET VALUE OF SERVICES R ENDERED WERE NOT COMPARED. THE LD. CIT(A) HAS GIVEN A FINDING OF FACT THAT THE NATURE OF PAYMENT IS REBATE AND DISCOUNT AND NOT COMMISSION AND THEREFOR E, NO TDS IS REQUIRED ON THIS AMOUNT. IN THE ABSENCE OF CONTRARY FACT BROUGHT BEFORE US, WE DO NOT FIND ANY REASONS TO INTERFERE WITH TH E ORDER OF THE LD. CIT(A) QUA THIS ISSUE. 23. GROUND IS NO. 6 IS REGARDING DISALLOWANCE DELET ED BY LD. CIT(A) ON ACCOUNT OF LATE PAYMENT OF ESI & PF. 24. WE HAVE HEARD LD. DR AS WELL AS AR AND CONSIDER ED THE RELEVANT MATERIAL ON RECORD. THE LD. CIT(A) HAS DELETED THE DISALLOWANCE MADE BY THE AO BY FOLLOWING THE DECISION OF HONBLE JURI SDICTION HIGH COURT IN CASE OF CIT VS. STATE BANK OF BIKANER & JAIPUR 363 ITR 70 AS WELL AS THE OTHER DECISION OF THE HONBLE HIGH COURT. THE R ELEVANT FINDING OF LD. CIT(A) IN PARAS 13.5 TO 13.7 IS AS UNDER:- 13.5 I HAVE PERUSED THE ASSESSMENT ORDER AS WELL A S REMAND REPORT OF THE AO, SUBMISSIONS MADE INCLUDING JUDICI AL CITATIONS AND CROSS REPLY OF THE APPELLANT AND FIND THAT AN A DDITION OF RS.45,916/- HAS BEEN MADE BY THE AO, BASED ON THE G ROUND THAT ITA NO.180/JP/2016 ACIT V M/S DALAS BIOTECH LTD., ALWAR. 19 PAYMENTS FOR ESI AND PF HAVE BEEN DEPOSITED AFTER T HE DUE DATE SPECIFIED IN THE RESPECTIVE ACTS. 13.6 THE APPELLANT HAS STATED THAT THE PAYMENTS OF ESI & PF WERE MADE BEFORE THE DUE DATE OF FILING OF INCOME T AX RETURN AND AO HAS MADE THE ADDITION AFTER IGNORING THE APPLICA BLE JUDGMENTS OF HONBLE SUPREME COURT IN THE CASE OF ALOM EXTRUS IONS 319 ITR 0306 AND VINAY CEMENT LTD. 213 CTR 268 ON THIS ISSU E, WHICH ARE SQUARELY APPLICABLE IN THIS CASE. FURTHER, AO H AS ALSO IGNORED THE JUDGMENTS OF HONBLE RAJASTHAN HIGH COURT IN TH E CASE OF CIT V/S STATE BANK OF BIKANER AND JAIPUR AS REPORTED IN 360 ITR 70, CIT VS UDAIPUR DUGDH UTPADAK SAHKARI SANGH LTD. 265 CTR 59, ETC; CAME TO THE SIMILAR CONCLUSION VIDE ORDER DATE D 06, JANUARY, 2014 THAT WHERE THE PF AND/OR EPF, CPF, GPF ETC., I F PAID AFTER THE DUE DATE UNDER RESPECTIVE ACT, BUT BEFORE FILIN G OF THE RETURN OF INCOME UNDER SECTION 139(1), CANNOT BE DISALLOWE D. 13.7 IN VIEW OF THE ABOVE FACTS AND AFTER CONSIDERI NG THE JUDGMENT OF HONBLE SUPREME COURT AND OF HONBLE RA JASTHAN HIGH COURT, I FIND NO JUSTIFICATION IN THE ACTION O F THE AO IN MAKING THE SAID ADDITION AND THEREFORE THE ADDITION OF RS.45,916/- IS DELETED. WE FURTHER NOTE THAT THE HONBLE JURISDICTION HIGH COURT HAS REITERATED THIS VIEW IN CASE OF JAIPUR VIDYUT VITRAN NIGAM LTD . 49 TAXMANN.COM 540 WHEREIN THE HONBLE HIGH COURT HAS HELD IN PAR A 6 IS AS UNDER:- 6. WE HAVE CONSIDERED THE ARGUMENTS ADVANCED BY THE L EARNED COUNSEL FOR THE REVENUE AND HAVE ALSO GONE THROUGH THE IMPUGNED ORDERS. IN OUR VIEW NO SUBSTANTIAL QUESTIO N OF LAW ARISES OUT OF THE ORDERS OF THE TRIBUNAL AS IT IS A N ADMITTED FACT THAT THE ENTIRE AMOUNT WAS DEPOSITED BY THE RESPOND ENT- ASSESSEE AT LEAST ON OR BEFORE THE DUE DATE OF FILI NG OF THE RETURNS UNDER S. 139 OF THE IT ACT AND BEING A CONCURRENT F INDING OF FACT ITA NO.180/JP/2016 ACIT V M/S DALAS BIOTECH LTD., ALWAR. 20 BY THE RESPECTIVE AUTHORITIES AND IN THE LIGHT OF T HE JUDGMENTS RENDERED BY THIS COURT IN THE CASE OF CIT V. STATE BANK OF BIKANER & JAIPUR/ JAIPUR VIDYUT VITRAN NIGAM LTD. [2014] 363 ITR 70/43 TAXMANN.COM 411 OF EVEN DATE WHEREIN IT HAS BEEN HELD THAT IF THE AMOUNT HAS BEEN DEPOSITED ON OR BEFORE THE DUE DATE OF FILING THE RETURN UNDER S. 139 AND ADMITTEDLV IT WA S DEPOSITED ON OR BEFORE THE DUE DATE THEN THE AMOUNT CANNOT BE DI SALLOWED UNDER S. 43B OF THE IT ACT OR UNDER S. 36(1)(VA) OF THE ACT. IN FACT IN THE ABOVE MATTERS ONE OF THE PARTIES IS SAM E AS IN THE PRESENT APPEALS, THEREFORE, THE ISSUE IS NO MORE RE S INTEGRA IN THE LIGHT OF JUDGMENTS OF THIS COURT REFERRED TO SUPRA AND, IN OUR VIEW, NO SUBSTANTIAL QUESTION OF LAW ARISES OUT OF THE IMPUGNED ORDERS OF THE TRIBUNAL, WHICH MAY REQUIRE ATTENTION OF THIS COURT. THUS, WHEN THE PAYMENT WAS UNDISPUTEDLY DEPOSITED BEFORE THE DUE OF FILING OF RETURN U/S 139 OF THE ACT THEN NO DISALLO WANCE IS CALLED FOR IN VIEW OF THE BINDING PRECEDENT OF HONBLE JURISDICTI ON HIGH COURT. ACCORDINGLY, WE DO NOT FIND ANY ERROR OR ILLEGALITY IN THE ORDER OF THE LD. CIT(A) QUA THIS ISSUE. IN THE RESULT, THE APPEAL OF THE REVENUE IS PARTLY ALLOWED. ORDER PRONOUNCED IN THE OPEN COURT ON 19/02/2018 SD/- SD/- HKKXPAN FOT; IKY JKO (BHAGCHAND) (VIJAY PAL RAO) YS[KK LNL;@ ACCOUNTANT MEMBER U;KF;D LNL;@ JUDICIAL MEMBER TK;IQJ@ JAIPUR FNUKAD@ DATED:- 19/02/2018. * SANTOSH. VKNS'K DH IZFRFYFI VXZSFKR@ COPY OF THE ORDER FORWARDED TO: ITA NO.180/JP/2016 ACIT V M/S DALAS BIOTECH LTD., ALWAR. 21 1. VIHYKFKHZ@ THE APPELLANT- ACIT, CIRCLE-2, ALWAR. 2. IZR;FKHZ@ THE RESPONDENT- M/S DALAS BIOTECH LTD., ALWAR. 3. VK;DJ VK;QDR@ CIT 4. VK;DJ VK;QDR@ CIT(A) 5. FOHKKXH; IZFRFUF/K] VK;DJ VIHYH; VF/KDJ.K] T;IQJ@ DR, ITAT, JAIPUR. 6. XKMZ QKBZY@ GUARD FILE {ITA NO. 180/JP/2016} VKNS'KKUQLKJ@ BY ORDER, LGK;D IATHDKJ@ ASST. REGISTRAR