Smt. Lakshmi Ram Rao, Bangalore V. ITO, Bangalore

ITA 187/BANG/2014

• Counselvise Citation: [2016] 133 COUNSELVISE.COM (IT) 0162 (ITAT-BANGALORE)
• Duration Of Justice: 2 year(s) 5 month(s) 24 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-07-2016
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: C
• Next Hearing Date: 20-06-2016
• Assessment Year: 2006-2007
• Appeal Filed On: 04-02-2014
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: RENUKADEVI
• Keywords: Principle of natural justice; Additional evidence; Reasonable cause; Corroborative evidences; Condonation of delay; Capital expenditure
• Section: 143(3); 234B; 10; 2

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL BANGALORE BENCH C BEFORE SHRI VIJAY PAL RAO , JUDICIAL MEMBER I.T.A. NO S . 187 & 188 /BANG/201 4 (ASSESSMENT YEAR : 200 6 - 07 ) SMT. LAKSHMI RAM RAO, NO.37, 5 TH MAIN, 4 TH CROSS, 3 RD BLOCK THYAGARJANAGAR, BANGALORE - 5 60 028 PAN ADRPR 3782J VS. INCOME TAX OFFICER, WARD 3(3), BANGALORE. APPELLANT RESPONDENT. APPELLANT BY : SMT. PRATIBHA R, ADVOCATE. RESPONDENT BY : S MT. RENUKA DEVI, JCIT (D.R) DATE OF H EARING : 19.7.2016. DATE OF P RONOUNCEMENT : 29 .7. 201 6 . O R D E R THESE TWO APPEALS BY THE ASSESSEE ARE DIRECTED AGAINST TWO SEPARATE ORDERS BOTH DT.24.9.2013 OF COMM ISSIONER OF INCOME TAX (APPEALS) ARISING FROM ASSESSMENT ORDER PASSED UNDER SECTION 143(3) AND PENALTY ORDER PASSED UNDER SECTION 271(1)(C) OF THE INCOME TAX ACT, 1961 (IN SHORT 'THE ACT'). 2. THERE IS A DELAY OF 61 DAYS IN FILING THESE APPEALS BY THE ASSESSEE. THE ASSESSEE HAS FILED PETITION FOR CONDONATION OF DELAY WHICH IS SUPPORTED BY AN AFFIDAVIT OF THE ASSESSEE. 2 ITA NO S . 187 & 188 /BANG/ 2014 3. I HAVE HEARD THE LEARNED AUTHORISED REPRESENTATIVE AS WELL AS LEARNED DEPARTMENTAL REPRESENTATIVE AND CONSIDERED THE AFFIDAVIT FILED BY THE ASSESSEE EXPLAINING THE DELAY IN FILING THE APPEALS. THE LD. AR HAS REFERRED TO THE CONTENTS OF THE AFFIDAVIT AND SUBMITTED THAT THE DELAY IN FILING THE APPEAL IS DUE TO TIME TAKEN IN APPOINTING CHARTERED ACCOUNTANT TO LOOK AFTER THE INCOME TAX MATTERS IN FLING THE APPEALS AND THE ASSESSEE HAS UNDERGONE CRYOPEXY UNDER LA TREATMENT OF LEFT EYE AND WAS ADVISED COMPLETE REST FOR 8 WEEKS FORM 25.1.2010 ONWARDS. THE LD. AR HAS REFERRED TO THE MEDICAL CERTIFICATE COPIES ENCLOSED ALONG WITH THE AF FIDAVIT. THUS THE LEARNED AUTHORISED REPRESENTATIVE HAS PLEADED THAT THE DELAY IN FILING THE APPEAL IS NEITHER INTENTIONAL NOR WILLFUL BUT BECAUSE OF THE FACTS AND CIRCUMSTANCES WHICH WERE BEYOND THE CONTROL OF THE ASSESSEE. 4. ON THE OTHER HAND, THE LD. DR HAS VEHEMENTLY OPPOSED THE CONDONATION OF DELAY AND SUBMITTED THAT THE CONDUCT OF THE ASSESSEE SHOWS THAT THE ASSESSEE IS HABITUAL IN NOT TAKING THE MATTER SERIOUSLY AS THERE WAS A DELAY OF 4 YEARS BEFORE THE CIT (APPEALS). THUS THE LD. DR HAS SUB MITTED THAT THE ASSESSEE HAS NOT EXPLAINED THE DELAY IN FILING THE APPEAL. 5. HAVING CONSIDERED THE RIVAL SUBMISSIONS AS WELL AS THE RELEVANT MATERIAL ON RECORD, IT IS NOTED THAT THE ASSESSEE HAS FILED THE MEDICAL RECORD TO SHOW 3 ITA NO S . 187 & 188 /BANG/ 2014 THAT THE ASSESSEE HA S UNDERGONE EYE TREATMENT ON 20.10.200 5 IN SH EKAR NETRALAYA, BANGALORE. THE ASSESSEE HAS PLEADED THAT SHE HAS AGAIN UNDERGONE THE LEFT EYE CRYOPEXY UNDER LA TREATMENT ON4.11.2009 AND THEREAFTER ADVISED COMPLETE REST FOR 8 WEEKS. THE ASSESSEE HAS FURTHER EXPLAINED THAT SINCE THE ASSESSEE IS A SINGLE LADY AND WAS FACING HEALTH PROBLEM AND THEREFORE COULD NOT TAKE NECESSARY STEPS IN TIME FOR FILING THE APPEAL. ACCORDINGLY, THE ASSESSEE HAS PLEADED FOR CONDONATION OF DELAY. HAVING CONSIDERED THE FACTS AND C IRCUMSTANCES OF THE CASE AS WELL AS IN THE INTEREST OF JUSTICE THE DELAY OF 61 DAYS IN FILING THE APPEALS BEFORE THIS TRIBUNAL IS CONDONED. 6. IN THE QUANTUM APPEAL, THE ASSESSEE HAS RAISED THE FOLLOWING GROUNDS : 1. ON THE FACTS AND IN THE CIRC UMSTANCES OF THE CASE, THE LEARNED CIT (APPEALS) ERRED IN PASSING THE ORDER IN THE MANNER HE DID. 2. ON THE FACTS AND IN THE CIRCUMSTANCES OF THE CASE, THE LEARNED CIT (APPEALS) OUGHT TO HAVE CONDONED THE DELAY IN FILING THE APPEAL, GIVEN AN ADEQUATE O PPORTUNITY TO THE APPELLANT TO EXPLAIN THE SUFFICIENT CAUSE FOR THE DELAY AS THE DELAY WAS CAUSED BY THE AUTHORIZED REPRESENTATIVE OF THE APPELLANT WHICH WAS A BONA FIDE MISTAKE AND NOT INTENTIONAL. 3. THE LEARNED CIT (APPEALS) OUGHT TO HAVE APPRECIATED THAT ON MERITS THE APPELLANT HAD A GOOD CASE SINCE THE ASSESSING OFFICER ERRED IN DISALLOWING THE CASH DEPOSITS INTO THE BANK ACCOUNT AS UNEXPLAINED. 4. THE LEARNED CIT (APPEALS) ERRED IN UPHOLDING THE LEVY OF INTEREST UNDER SECTIONS 234A & 234B OF THE ACT. 5. FOR THESE AND SUCH OTHER GROUNDS THAT MAY BE URGED AT THE TIME OF HEARING, THE APPELLANT PRAYS THAT THE APPEAL MAY BE ALLOWED. 4 ITA NO S . 187 & 188 /BANG/ 2014 7. I HAVE HEARD THE LEARNED AUTHORISED REPRESENTATIVE AS WELL AS LEARNED DEPARTMENTAL REPRESENTATIVE AND CONSID ERED THE RELEVANT MATERIAL ON RECORD. THERE WAS A DELAY OF FOUR YEARS IN FILING THE APPEAL BEFORE THE CIT (APPEALS) AND THE CIT (APPEALS) DECLINED TO CONDONE THE DELAY ON THE GROUND THAT THE ASSESSEE HAS FAILED TO EXPLAIN THE DELAY. T HE ONLY EXPLANATION FURNISHED BY THE ASSESSEE BEFORE THE CIT (APPEALS) IS THAT THE ASSESSEE HAS UNDERGONE THE LEFT EYE CRYOPEXY UNDER LA TREATMENT. IT IS PERTINENT TO NOTE THAT AS PER THE MEDICAL RECORD FILED BY THE ASSESSEE SHE HAS UNDERGONE THE TREATMENT ON 20.10.2005 AND O N THE SAME DAY THE ASSESSEE WAS DISCHARGED FORM THE HOSPITAL . T HEREFORE THE TREATMENT WAS ONLY FOR A ONE DAY HOSPITALIZATION FOR WHICH THE DELAY OF FOUR YEARS CANNO T BE EXPLAINED. APART FROM THE SAID EXPLANATION THE ASSESSEE HAS NOT EXPLAINED ANY OTHER F ACTS OR SURROUNDING CIRCUMSTANCES WHICH HAVE CAUSED THE DELAY IN FILING THE APPEAL BEFORE THE CIT (APPEALS) . THUS HAVING CONSIDERED THE FACTS AND CIRCUMSTANCES OF THE CASE THIS TRIBUNAL DO NOT FIND ANY ERROR OR ILLEGALITY IN THE ORDER OF THE APPEAL FOR CO NDONATION OF DELAY OF FOUR YEARS. ACCORDINGLY, THE APPEALS FILED AGAINST THE ASSESSMENT ORDER PASSED UNDER SECTION 143(3) OF THE INCOME TAX ACT, 1961 (IN SHORT 'THE ACT') DESERVES DISMISSAL. FURTHER IT IS NOTED THAT THE ASSESSEE HAS NOT PRODUCED THE RE LEVANT RECORD IN SUPPORT OF THE CLAIM OF DEPOSIT OF RS.25 LAKHS IN THE BANK ACCOUNT. IT 5 ITA NO S . 187 & 188 /BANG/ 2014 IS PERTINENT TO NOTE THAT THE ASSESSMENT ORDER IN THECASE OF THE ASSESSEE ON 30.12.2008 AND THE ASSESSEE TOOK FOUR YEARS TO FILE THE APPEAL BEFORE THE CIT (APPEALS) D ESPITE TAKING FOUR YEARS THE ASSESSEE DID NOT FILE THE SUPPORTING EVIDENCE EVEN BEFORE THE CIT (APPEALS). NOW AT THIS STAGE THE ASSESSEE HAS FILED ADDITIONAL EVIDENCE AND SEEKING PERMISSION TO FILE THE ADDITIONAL EVIDENCE AND ADMISSION OF THE ADDITIONAL E VIDENCE. HAVING REGARD TO THE FACTS AND CIRCUMSTANCES OF THE CASE AND CONDUCT OF THE ASSESSEE, THIS CASE IS NOT FIT FOR ADMITTING THE ADDITIONAL EVIDENCE FILED BY THE ASSESSEE AT THIS STAGE THAT TOO IS NOT A COMPLETE EVIDENCE IN SUPPORT OF THE CLAIM BUT T HE ASSESSEE HAS FILED THE ALLEGED CONFIRMATION LETTERS IN RESPECT OF THE PART OF THE AMOUNT. ACCORDINGLY, IN THE PECULIAR FACTS AND CIRCUMSTANCES OF THE CASE, THE ADDITIONAL EVIDENCE FILED BY THE ASSESSEE AT THIS STAGE CANNOT BE ADMITTED. HENCE THE APPEA LS FILED BY THE ASSESSEE ARISING FROM THE ASSESSMENT ORDER IS DISMISSED. 8. IN THE PENALTY APPEAL, THE ASSESSEE HAS ORIGINALLY RAISED THE FOLLOWING GROUNDS : 1. ON THE FACTS AND IN THE CIRCUMSTANCES OF THE CASE, THE ORDER OF THE LEARNE D CIT (APPEALS) IS OPPOSED TO LAW AND FACTS OF THE CASE. 2. ON THE FACTS AND IN THE CIRCUMSTANCES OF THE CASE, THE LEARNED CIT (APPEALS) OUGHT TO HAVE APPRECIATED THAT THERE WAS NO MALA FIDE INTENSION ON THE PART OF THE APPELLANT T O JUSTIFY THE LEVY OF PENALTY UNDER SECTION 271 (1 )(C) OF THE ACT. 3. ON THE FACTS AND IN THE CIRCUMSTANCES OF THE CASE, THE LEARNED CIT (APPEALS) OUGHT TO HAVE APPRECIATED THAT THE APPELLANT WAS DOING SAREE BUSINESS AMONG THE FAMILY 6 ITA NO S . 187 & 188 /BANG/ 2014 MEMBE RS AND CLOSE FRIENDS CIRCLE AND DECLARED A TURNOVER OF RS.32.36 LAKHS WHICH IS NOT COVERED UNDER SECTION 44AB OF THE IT ACT. ACCORDINGLY, THE PROFIT HAS BEEN ARRIVED UNDER SECTION 44AF AT 5% ON THE TURNOVER AND TAXES HAVE BEEN PAID ON THE SAME. 4. THE LEARNED CIT (APPEALS) OUGHT TO HAVE APPRECIATED THE REASONABLE CAUSE AND HARDSHIP OF THE APPELLANT FOR NOT FURNISHING THE PROOF FOR THE CASH DEPOSIT SINCE THE APPELLANT'S FAILURE TO PRODUCE THE DOCUMENTS WAS ON ACCOUNT OF REASONABLE CAUSE. THUS, THERE WAS NO CONCEALMENT OR FURNISHING OF INACCURATE PARTICULARS AND CONSEQUENTLY THE LEVY OF PENALTY UNDER SECTION 271 (1 )( C) OF THE ACT WAS UNCALLED FOR. 5. ON THE FACTS AND I N THE CIRCUMSTANCES OF THE CASE, THE LEARNED CIT (APPEALS) ERRED IN NOT CONSIDERING THE VARIOUS JUDICIAL PRONOUNCEMENTS RELIED ON BY THE APPELLANT. 6. FOR THESE AND SUCH OTHER GROUNDS THAT MAY BE URGED AT THE TIME OF HEARING. THE AP PELLANT PRAYS THAT THE APPEAL MAY BE ALLOWED. 9. THE ASSESSEE HAS ALSO RAISED ADDITIONAL GROUND WHICH READS AS UNDER : 1. THE ASSESSING OFFICER HAVING ISSUED THE NOTICE UNDER SECTION 274 READ WITH SECTION 271(1)(C) OF THE ACT IN A MECHANICAL MA NNER, THE PENALTY ORDER PASSED UNDER SECTION 271(1)(C) OF THE ACT IS NOT SUSTAINABLE IN THE EYE OF LAW. 2. THE APPELLANT BEGS TO SUBMIT THAT THE DECISION OF THE JURISDICTIONAL HIGH COURT IN THE CASE OF CIT VS. MANJUNATHA COTTON & GINNING FACTORY (2013) 3 59 ITR 565 (KARN) IS SQUARELY APPLICABLE AND THEREFORE THE IMPUGNED ORDER OF THE AUTHORITIES BELOW IS REQUIRED TO BE SET ASIDE. 10. I HAVE HEARD THE LEARNED AUTHORISED REPRESENTATIVE AS WELL AS LEARNED DEPARTMENTAL REPRESENTATIVE AND CONSIDERED THE RELEVANT MATERIAL ON ADMISSION OF ADDITIONAL GROUNDS. AS IT IS CLEAR FROM THE ISSUE RAISED IN THE ADDITIONAL GROUND THAT IT IS PURE LEGAL IN NATURE WHEREBY THE ASSESSEE IS CHALLENGING THE VALIDITY OF NOTICE ISSUED UNDER SECTION 274 R.W.S. 271(1)( C ) OF THE ACT AND SUPPORTED THE SAME WITH THE JUDGMENT OF HON'BLE JURISDICTIONAL HIGH COURT IN THE CASE OF MANJUNATHA COTTON & GINNING FACTORY REPORTED IN 35 9 7 ITA NO S . 187 & 188 /BANG/ 2014 ITR 565. SINCE THE ADDITIONAL GROUNDS RAISED BY THE ASSESSEE DOES NOT REQUIRE ANY FRESH INVESTIGATI ON OF FACTS THEREFORE , IN THE FACTS AND CIRCUMSTANCES OF THE CASE AND IN VIEW OF THE JUDGMENT OF HON'BLE SUPREME COURT IN THE CASE OF NTPC LTD. VS. CIT 229 ITR 383, THE ADDITIONAL GROUND RAISED BY THE ASSESSEE IS ADMITTED FOR ADJUDICATION. 11. THE AS SESSEE HAS FILED THE NOTICE ISSUED UNDER SECTION 274 R.W.S. 271(1)(C) OF THE ACT AND SUBMITTED THAT THE ASSESSING OFFICER HAS NOT S PECIFIED THE DEFAULT ON THE PART OF THE ASSESSEE WHETHER IT IS CONCEALMENT OF INCOME OR FURNISHING OF INACCURATE PARTICULARS OF INCOME. THEREFORE THE SAID SHOW CAUSE NOTICE UNDER SECTION 274 IS DEFECTIVE AND ILLEGAL AND CONSEQUENTLY PENALTY IS NOT SUSTAINABLE. SHE HAS ALSO RELIED UPON THE SUBSEQUENT DECISION OF THE HON'BLE JURISDICTIONAL HIGH COURT DT.25.1.2016 IN THE CASE OF SAFINA HOTELS PVT. LTD. VS. CIT, BANGALORE I II & ANOTHER IN ITA NO.240/2010 WHEREIN T HE HON'BLE HIGH COURT HAS REITERATED THE PRINCIPLE AS LAID OUT IN THE CASE OF CIT VS. MANJUNATHA COTTON & GINNING FACTORY (SUPRA). 1 2 . ON THE OTHER HAND, THE LD. DR HAS RELIED UPON THE ORDERS OF AUTHORITIES BELOW. 1 3 . HAVING CONSIDERED THE RIVAL SUBMISSIONS AND MATERIAL ON RECORD, IT IS NOTED THAT THE ASSESSING OFFICER HAS INITIATED THE PENALTY PROCEEDINGS BY ISSUING 8 ITA NO S . 187 & 188 /BANG/ 2014 A NOTICE UNDER SECTION 274 R.W.S. 271 DT.30 .12.2008. THE GROUNDS OF PROPOSED PENALTY UNDER SECTION 271(1)(C) OF THE ACT HAS BEEN MENTIONED IN THE NOTICE AS UNDER : HAVE CONCEALED THE PARTICULARS OF YOUR INCOME OR FURNISHED INACCURATE PARTICULARS OF SUCH INCOME. 1 4 . AS IT IS CLEAR THAT T HE ASSESSING OFFICER HAS NOT MADE IT CLEAR AS ON WHICH GROUND THE PENALTY WAS PROPOSED TO BE INITIATED BY ISSUING THE SAID NOTICE, THE HON'BLE JURISDICTIONAL HIGH COURT IN THE CASE OF CIT VS. MANJUNATHA COTTON & GINNING FACTORY (SUPRA) HAS HELD THAT THE NO TICE UNDER SECTION 274 OF THE ACT SHOULD SPECIFICALLY STATE THE GROUND MENTIONED IN 271(1)(C) OF THE ACT I.E. WHETHER IT IS FOR CONCEALMENT OF INCOME OR FURNISHING OF INACCURATE PARTICULARS OF INCOME. SENDING PRINTED FORM WHERE ALL THE GROUNDS ME NTIONED I N THE SECTION 271(1) ARE MENTION ED WOULD NOT SATISFY THE REQUIREMENT OF LAW. BY CONSIDERING THE SAID DECISION, THE HON'BLE JURISDICTIONAL HIGH COURT IN THE SUBSEQUENT DECISION DT.25.1.2016 IN THE CASE OF M/S. SAFINA HOTELS PVT. LTD. VS. CIT & ANOTHER (S UPRA) HAS HELD IN PARAS 9 TO 11 AS UNDER : 9. THE JUDGMENT OF MANJUNATH COTTON AND GINNING'S CASE (SUPRA) IS SQUARELY APPLICABLE TO THE FACTS OF THE PRESENT CASE WHEREIN, IT IS HELD THAT THE LEVY OF PENALTY IS NOT AUTOMATIC CONCOMITANT OF THE ASSESSMENT AND THE STANDARD PROFORMA WITHOUT SPEAKING OF THE RELEVANT CLAUSES LEAD TO AN INFERENCE TO NON - APPLICATION OF MIND. IN THE CONCLUSION PART AT PARA.63 OF THE SAID JUDGMENT, IN CLAUSES N,P,Q,R, IT IS HELD THUS: 9 ITA NO S . 187 & 188 /BANG/ 2014 '(N) THE DIRECTION REFERRED TO IN EXPLANATION I B TO SECTION 271 OF THE ACT SHOULD BE CLEAR AND WITHOUT ANY AMBIGUITY. (P) NOTICE UNDER SECTION 274 OF THE ACT SHOULD SPECIFICALLY STATE THE GROUNDS MENTIONED IN SECTION271(1)(C), I.E., WHETHER IT IS FOR CONCEALMENT OF INCOME OR FOR FURNISHING OF INCORRECT PARTICULARS OF INCOME. (Q) SENDING PRINTED FORM WHERE ALL THE GROUND MENTIONED IN SECTION 271 A RE MENTIONED WOULD NOT SATISFY REQUIREMENT OF LAW. (R) THE ASSESSEE SHOULD KNOW THE GROUNDS WHICH HE HAS TO MEET SPECIFICALLY. OTHERWISE, PRINCIPLES OF NATURAL JUSTICE IS OFFENDED. ON THE BASIS OF SUCH PROCEEDINGS, NO PENALTY COULD BE IMPOSED TO THE ASSESS EE.' 10. AS REGARDS SECTION 271 (1 - B) OF THE ACT, IT CLEARLY INDICATES THAT THE ASSESSMENT ORDER SHOULD CONTAIN A DIRECTION FOR INITIATION OF PROCEEDINGS. MERELY SAYING THAT THE PENALTY PROCEEDINGS HAVE B EEN INITIATED WOULD NOT SATISFY THE REQUIREMENT, A DIRECTION TO INITIATE PROCEEDING SHALL BE CLEAR AND NOT BE AMBIGUOUS. 11. IN THE LIGHT OF THE SAID JUDGMENT OF THE CO - ORDINATE BENCH, WE ARE OF THE CONSIDERED VIEW THAT THE ASSESSING OFFICER HAS NOT APPLIE D HIS MIND AT THE TIME OF ISSUING NOTICE UNDER SECTION 274 R/W SECTION 271(1)(B) OF THE ACT. THIS VIEW IS FORTIFIED BY THE ORDER PASSED UNDER SECTION 2 71(1)(C) OF THE ACT. NO DIRECTION IS COMING FORTH IN THE ASSESSMENTS ORDER FOR LEVYING PENALTY WHICH IS MANDATORY AS PER SECTION 271(1B) OF THE ACT. CONSIDERING THE RELEVANT FACTORS, APPELLATE COMMISSIO NER HAS RIGHTLY ALLOWED THE APPEAL OF THE ASSESSEE SETTING - ASIDE THE ORDER PASSED BY THE ASSESSING OFFICER WHICH HAS BEEN REVERSED BY THE ITAT ON THE GROUND THAT THE ASSESSEE DELIBERATELY EVADED THE PAYMENT OF TAX BY DECLARING THE CAPITAL EXPENDITURE AS RE VENUE EXPENDITURE IN THE 'FINANCIAL EXPENSES'. IN OUR CONSIDERED OPINION, FOR THE REASONS STATED ABOVE, THE ORDER PASSED BY THE ITAT IS NOT SUSTAINABLE. ACCORDINGLY, WE SET ASIDE THE ORDER OF THE ITAT AND RESTORE THE ORDER PASSED BY THE CIT(A) ANSWERING TH E SUBSTANTIAL QUESTIONS OF LAW IN FAVOUR OF THE ASSESSEE AND AGAINST THE REVENUE. RESPECTFULLY FOLLOWING THE JUDGMENT OF THE HON'BLE JURISDICTIONAL HIGH COURT ON THIS ISSUE, THE PENALTY LEVIED UNDER SECTION 271(1)(C) ON THE BASIS OF DEFECTIVE 10 ITA NO S . 187 & 188 /BANG/ 2014 NOTIC E UNDER SECTION 274 IS NOT SUSTAINABLE AND ACCORDINGLY THE SAME IS DELETED. 14. IN THE RESULT, THE ASSESSEE'S APPEALS IN ITA NO.187/BANG/2014 IS DISMISSED AND ITA NO.188/BANG/2014 IS ALLOWED. ORDER PRONOUNCED IN THE OPEN COURT ON 29 TH DAY OF J ULY, 201 6 . SD/ - (VIJAY PAL RAO) JUDICIAL MEMBER *REDDY GP COPY TO : 1. APPELLANT 2. RESPONDENT 3. C.I.T. 4. CIT(A) 5. DR, ITAT, BANGALORE. 6. GUARD FILE. BY ORDER ASST. REGISTRAR, ITAT, BANGALORE