M/s. SVM Builders Pvt. Ltd., Indore V. THE ACIT-CENTRAL-2, Indore

ITA 195/Ind/2021

• Counselvise Citation: [2022] 106 COUNSELVISE.COM (IT) 2461 (ITAT-INDORE)
• Duration Of Justice: 9 month(s) 14 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 26-07-2022
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: DB
• Assessment Year: 2010-2011
• Appeal Filed On: 12-10-2021
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Section: 68; 132; 143(3); 142(1); 153A; 195; 143(2); 13

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL, INDORE BENCH, INDORE (Convened through Virtual Court) BEFORE SHRI MAHAVIR PRASAD, JUDICIAL MEMEBR & SHRI BHAGIRATH MAL BIYANI, ACCOUNTANT MEMBER आयकर अपील सं./I. T. A. No. 195/Ind/2021 ( नधा रण वष / As s es s ment Yea r : 2010-11) M/ s . S V M B u i l d er s Pv t. Ltd . O f fi c e N o. 503 , P l ot N o . 30 5- 3 06 , O rb i t M al l , S che me N o. 54, A . B. Ro a d, Ind or e (M . P . ) - 45 20 01 बनाम/ V s . T h e D ep u ty C o mmis s i on e r of I n c o me T a x C e nt r a l -2, A ay ak ar B h aw a n, Ind or e (M . P . ) - 4 5 20 0 1 थायी लेखा सं./जीआइआर सं./P A N / G IR N o . : A A A C U 5 6 0 4 K (अपीलाथ /Appellant) . . ( यथ / Respondent) & आयकर अपील सं./I. T. A. No. 196/Ind/2021 ( नधा रण वष / As s es s ment Yea r : 2010-11) M/ s . C h u gh R ea l E s t ate Pvt . Ltd . K h as r a N o. 84/ 3 / 5, G ra nd Ex o ti c a, N ea r A gr a w a l P ubl i c S ch o ol , Bi c h o li M a rd a na R oa d, In d ore (M . P . ) - 452 0 01 बनाम/ V s . T h e D ep u ty C o mmis s i on e r of I n c o me T a x C e nt r a l -2, A ay ak ar B h aw a n, Ind or e (M . P . ) - 4 5 20 0 1 थायी लेखा सं./जीआइआर सं./P A N / G IR N o . : A A A C C 9 3 7 0 L (अपीलाथ /Appellant) . . ( यथ / Respondent) अपीलाथ ओर से/Appellant by : S h ri A n il K a m al G a r g, A . R. यथ क ओर से / Respondent by : Shri P. K. Singi, Addl. CIT-D.R. स ु नवाई क तार ख / D a t e o f 26/05/2022 ITA No. 195 & 196/Ind/2021 [M/s. SVM Builders Pvt. Ltd. & Anr.] A.Y. 2010-11 - 2 - H e a r i ng घोषणा क तार ख /D a te o f P r o n o u nc e me n t 27 /07/2022 ORDER PER MAHAVIR PRASAD, JM: The s e t wo a ppea ls ha ve be en pre fe rred b y the as s e s see s aga ins t the order s of t he Co mmi ss i oner of Inco me Tax (Appea ls )-3, Bhopal (‘CI T( A) ’ i n shor t) both dat ed 11. 08.2021 ar is i ng in as s essme nt orde rs bot h dat ed 05. 12.2017 pas s ed b y t he As se s si ng Offic er (AO) unde r s . 147 r. w.s . 143(3) of the Inc o me Tax A ct , 1961 (the Ac t) conc erni ng A. Y. 2010-11. Sinc e i n both the appea ls fa ct s and c irc u ms ta nc es are c o mmon, t here fore, for t he s ake of br evi t y, we would l ike to dis pos e of bot h appe al s by w a y of a co mmon orde r in ITA No.195/ Ind/2021. ITA No. 195/Ind/ 2021 (M/s. SVM Buil ders Pvt. Ltd. ) 2. The a s se s se e has ta ken following grounds of a ppea l: “ 1 a ) . T h a t , o n t h e f a c t s a n d i n t h e c i r c u m s t a n c e s in t h e c a s e , t h e l e a r n e d C I T ( A ) g r o s s l y e r r e d , i n l a w , i n c o n f i r m i n g t h e a c t i o n o f t h e A O o f f r a m i n g t h e A s s e s s m e n t O r d e r u n d e r s . 1 4 7 r . w . s . 1 4 3 ( 3 ) o f t h e A c t i n a b a c k d a t e m e r e l y f o r e s c a p i ng t o g i v e t h e e f f e c t o f t h e O r d e r o f t h e H o n ' b l e I T A T i n t h e a p p e l l a n t ' s c a s e . 1 b ) . T h a t , o n t h e f a c t s a n d i n t h e c i r c u m s t a n c e s i n t h e c a s e , t h e l e a r n e d C I T ( A ) g r o s s l y e r r e d , i n l a w , i n c o n f i r m i n g t h e a c t i o n o f t h e A O i n f r a m i n g t h e A s s e s s m e n t O r d e r u n d e r s . 1 4 7 r . w . s . 1 4 3 ( 3 ) o f t h e A c t , p u r p o r t e d l y o n 0 5 - 1 2 - 2 0 1 7 , w i t h ou t g i v i n g e f f e c t t o t h e O r d e r o f t h e H o n ' b l e I T A T p r o n o u n c e d o n 2 6 - 1 0 - 2 0 1 7 i n t h e O p e n C o u r t , t h e r e b y r e s u l t i n g i n t o m u l ti p l e p r o c e e d i n g s o n t h e s a m e i s s u e f o r t h e s a m e y e a r . ITA No. 195 & 196/Ind/2021 [M/s. SVM Builders Pvt. Ltd. & Anr.] A.Y. 2010-11 - 3 - 2 . T h a t , o n t h e f a c t s a n d i n t h e c i r c u m s t a n c e s i n th e c a s e , t h e l e a r n e d C I T ( A ) g r o s s l y e r r e d , i n l a w , i n c o n f i r m i n g t h e i s s u a n c e o f N o t i c e u n d e r s . 1 4 8 o f t h e A c t b y t h e A O o n t h e s a m e i s s u e a n d o n t h e s a m e g r o u n d w h i c h h a d a l r e a d y b e e n c o n s i d e r e d b y a n A s s e s s i n g O f f i c e r i n t h e o r i g i n a l a s s e s s m e n t p r o c e e d i n g s u n d e r S . 1 5 3 A , f o l l o w e d b y a d j u d i c a t i o n t h e r e o f b y t h e f i r s t A p p e l l a t e A u t h o r i t y , w a s i l l e g a l , a r b i t r ar y , u n j u s t i f i e d , u n w a r r a n t e d a n d b a d - i n - l a w . 3 . T h a t , t h e l e a r n e d C I T ( A ) g r o s s l y e r r e d , b o t h o n f a c t s a n d i n l a w , i n c o n f i r m i n g t h e a c t i o n o f t h e A O f o r p a s s i n g t h e R e - A s s e s s m e n t O r d e r u n d e r s . 1 4 7 o f t h e A c t o n t h e s o l e p r e m i s e t h a t t h e o r i g i n a l a s s e s s m e n t p r o c e e d i n g s u n d e r S . 1 53 A h a d g o t s t r u c k - o f f b y t h e O r d e r o f t h e H o n ' b l e C I T ( A ) , w i t ho u t c o n s i d e r i n g t h e m a t e r i a l f a c t t h a t t h e o r i g i n a l a s se s s m e n t p r o c e e d i n g s u n d e r S . 1 5 3 A , s o s t r u c k o f f , h a d g o t r ev i v e d b y t h e s u b s e q u e n t O r d e r o f t h e H o n ' b l e I T A T , w h i c h w a s p a s s e d m u c h p r i o r t o t h e i m p u g n e d O r d e r o f t h e R e - A s s e s s me n t p a s s e d b y t h e A O . 4 . T h a t , w i t h o u t p r e j u d i c e t o t h e a b o v e , t h e l e a r n ed C I T ( A ) g r o s s l y e r r e d , b o t h o n f a c t s a n d i n l a w , i n c o n f i r mi n g t h e a c t i o n o f t h e A O f o r f r a m i n g t h e r e - a s s e s s m e n t , w i th u n d u e h a s t e , w i t h o u t g i v i n g s u f f i c i e n t a n d e f f e c t i v e o p p or t u n i t y o f b e i n g h e a r d t o t h e a p p e l l a n t o n t h e m e r i t s o f t h e ca s e . 5 . T h a t , w i t h o u t p r e j u d i c e t o t h e a b o v e , t h e l e a r n ed C I T ( A ) g r o s s l y e r r e d , b o t h o n f a c t s a n d i n l a w , i n c o n f i r mi n g t h e a c t i o n o f t h e A O f o r r e - d e t e r m i n i n g t h e t o t a l i n c o me o f t h e a p p e l l a n t c o m p a n y u / s . 1 4 7 r . w . s . 1 4 3 ( 3 ) o f t h e I n co m e - T a x A c t , 1 9 6 1 a t R s . 7 , 5 0 , 0 0 , 0 0 0 / - a s a g a i n s t t h e o r i g i na l l y R e - A s s e s s e d I n c o m e o f R s . N i l t h e r e b y r e - m a k i n g a n a d d it i o n o f R s . 7 , 5 0 , 0 0 , 0 0 0 / - , w h i c h i s q u i t e u n j u s t i f i e d , u n w a rr a n t e d , e x c e s s i v e , a r b i t r a r y a n d b a d - i n - l a w . 6 a ) . T h a t , w i t h o u t p r e j u d i c e t o t h e a b o v e , t h e l e a rn e d C I T ( A ) g r o s s l y e r r e d , b o t h o n f a c t s a n d i n l a w , i n c o n f i r mi n g t h e a d d i t i o n o f R s . 7 , 5 0 , 0 0 , 0 0 0 / - m a d e b y t h e A O i n t h e a p p e l l a n t ' s i n c o m e o n a c c o u n t o f s h a r e c a p i t a l a n d s h a r e p r e m i um r e c e i p t s m a d e b y t h e a p p e l l a n t c o m p a n y d u r i n g t h e re l e v a n t p r e v i o u s y e a r w i t h o u t c o n s i d e r i n g a n d a p p r e c i a t i n g t h e m a t e r i a l f a c t t h a t t h e a p p e l l a n t c o m p a n y h a d d i s c h ar g e d i t s i n i t i a l o n u s o f p r o v i n g i d e n t i t y o f t h e s h a r e h o l d e rs , g e n u i n e n e s s o f t h e t r a n s a c t i o n s a n d a l t h o u g h n o t r eq u i r e d , c r e d i t w o r t h i n e s s o f t h e s h a r e h o l d e r s a s w e l l , i n t he o r i g i n a l a s s e s s m e n t p r o c e e d i n g s c a r r i e d o u t u n d e r S . 1 5 3 A a s w e l l a s i n t h e a p p e l l a t e p r o c e e d i n g s c a r r i e d o u t i n p u r su a n c e o f s u c h a s s e s s m e n t p r o c e e d i n g s . 6 b ) . T h a t , w i t h o u t p r e j u d i c e t o t h e a b o v e , t h e l e a rn e d C I T ( A ) g r o s s l y e r r e d , b o t h o n f a c t s a n d i n l a w , i n c o n f i r mi n g t h e a d d i t i o n o f R s . 7 , 5 0 , 0 0 , 0 0 0 / - m a d e b y t h e A O i n t h e a p p e l l a n t ' s i n c o m e o n a c c o u n t o f s h a r e c a p i t a l a n d s h a r e p r e m i um ITA No. 195 & 196/Ind/2021 [M/s. SVM Builders Pvt. Ltd. & Anr.] A.Y. 2010-11 - 4 - r e c e i p t s m a d e b y t h e a p p e l l a n t c o m p a n y d u r i n g t h e re l e v a n t p r e v i o u s y e a r w i t h o u t c o n s i d e r i n g t h e m a t e r i a l f a c t t h a t t h e A O h a s n o t m a d e a n y f r e s h e n q u i r y a t h e r o w n b u t m er e l y r e i t e r a t e d t h e f i n d i n g s o f h e r p r e d e c e s s o r i n t h e ea r l i e r O r d e r p a s s e d u n d e r S . 1 5 3 A o f t h e A c t . 6 c ) T h a t , w i t h o u t p r e j u d i c e t o t h e a b o v e , t h e l e a r ne d C I T ( A ) g r o s s l y e r r e d , b o t h o n f a c t s a n d i n l a w , i n c o n f i r mi n g t h e i m p u g n e d a d d i t i o n o f R s . 7 , 5 0 , 0 0 , 0 0 0 / - w i t h o u t p r o p er l y c o n s i d e r i n g a n d a p p r e c i a t i n g t h e m a t e r i a l f a c t t h a t t h e A O h a s n o t m a d e a n y s i n g l e e n q u i r y a t h e r e n d o n t h e n e w ad d r e s s e s o f t h e s h a r e a p p l i c a n t c o m p a n i e s f u r n i s h e d b y t h e ap p e l l a n t b e f o r e t h e H o n ' b l e C I T ( A ) i n t h e q u a n t u m a p p e a l p r ef e r r e d b y i t a g a i n s t t h e A s s e s s m e n t O r d e r p a s s e d u n d e r S . 1 5 3 A r . w . s . 1 4 3 ( 3 ) o f t h e A c t . 6 d ) . T h a t , w i t h o u t p r e j u d i c e t o t h e a b o v e , t h e l e a rn e d C I T ( A ) g r o s s l y e r r e d , b o t h o n f a c t s a n d i n l a w , i n c o n f i r mi n g t h e a c t i o n o f t h e A O f o r m a k i n g t h e i m p u g n e d a d d i t i o n wi t h o u t f i r s t p r o v i d i n g a n d c o n f r o n t i n g t o t h e a p p e l l a n t w it h t h e m a t e r i a l a v a i l a b l e o n h e r r e c o r d w h i c h a l l e g e d l y e st a b l i s h e d t h a t t h e a p p e l l a n t r e c e i v e d s h a r e a p p l i c a t i o n m o n e y o f R s . 7 , 5 0 , 0 0 , 0 0 0 / - t h r o u g h a c c o m m o d a t i o n e n t r i e s . ” 3. Fac ts of the c as e a re tha t the as s e s s ee i s a c los e l y he ld pri vat e li mi te d c o mp an y whi ch has dul y be en r egi s tered under t he Co mpa nie s Ac t, 1956 w. e. f. 19-08-1998 unde r the na me and s t yl e of ' U mapa ti Devel opers Pvt . Ltd. '. Subs eque ntly, during t he pre vious year rel eva nt to A. Y. 2006-07, i. e. on 22- 11- 2005, t he na me of the appe ll ant co mp an y got cha nged t o 'Man Devel op ment s Pvt . Ltd. ' and a gai n, duri ng the previous yea r re le vant to A.Y. 2010-2011, i. e. on 31-07-2009, the na me of t he as s es s ee c o mpan y got cha nged to 'SVM Bui ldc on Pvt. Lt d. '. The as s es s ee c o mpan y i s e ngaged in the bus ines s of r eal e s tat e deve lop ment and i s regul ar l y as s es s ed to inc o me-t ax f or the l as t ma n y ye ars . 3. 1 The as s es s ee co mpa n y had fur nis hed i t s or igi nal ret urn of i nco me under s .l39(3) of t he Inco me-Ta x Act , 1961 [he rei naft er for t he s a ke of bre vit y, refe rr ed t o as 't he Act '] on 14-10-2010 ITA No. 195 & 196/Ind/2021 [M/s. SVM Builders Pvt. Ltd. & Anr.] A.Y. 2010-11 - 5 - vi de a cknowl edgme nt no. 170930901141010 decl ar ing a los s of Rs .1,19, 663/- . For t he pre vious ye ar r ele vant to the as s es s ment ye a r unde r cons i dera ti on, t he as ses se e c o mpan y ha s not c arri ed out an y bus ine ss act ivi t y. A cop y of the a cknowledge ment of i nco me -ta x re turn al ong wit h c omp uta ti on of tot al inco me for t he a s se ss me nt ye ar under cons ide rat i on, as fi le d unde r s . l39(3) of t he Ac t. 3. 2 Sea rch a nd Se iz ure opera ti ons u/s. 132 of the Inco me -Ta x Act , 1961 were c arr ie d out i n t he bus ine ss pre mi s es of t he as s es s ee c o mpan y as wel l a s in t he vari ous bus ine s s and re si dent ia l pre mi s es of it s a s soc ia te /s i st er c oncerns and di rec tors . The s earch wa s ini ti at ed on 21-09-2012. A cop y of t he Pa nchna ma dr awn, duri ng the cours e of s ea rch opera ti ons , i s bei ng s ubmit te d. 3. 3 In purs uance of t he Se arc h, on 25- 03-2013, a Not i ce under s . 153A of the Inc ome-Ta x Ac t, 1961, was i ss ue d b y t he l d. DCI T- Cent ra l, I ndore , wher eb y t he a s se ss e e was re quire d to furni s h it s Ret urn of Tota l Inco me pert ai ning to t he as se s s ment ye a r under cons i dera ti on. In re sponse t o the Noti ce, the as s es s ee furni s hed it s Ret urn of Tota l Income on 18-07-2014 dec la ring an inco me of Rs . Ni l. The co mput at ion of t ot al inc ome i s be ing s ub mi tt ed and s a me i s pa rt of pape r book. 3. 4 In re spons e to the ret urn so fur nis hed, the case of t he as s es s ee wa s s el ect ed f or s crut in y and Noti ce s u/s. 143(2) & 142(1) al ong wi th ques ti onnai res we re is s ued fro m ti me t o t i me . Xerox copi es of t he re leva nt Notice s i s sue d to the as s es s ee , ITA No. 195 & 196/Ind/2021 [M/s. SVM Builders Pvt. Ltd. & Anr.] A.Y. 2010-11 - 6 - duri ng the origi nal as s es s ment proce edi ngs c arri ed out under s . 153A, a re be ing s ub mit te d and s a me ar e part s of paper book. 3. 5 In r es ponse t o the not ice s, as afores ai d, the as s es s ee , t hrough i ts a uthor ize d re pres e nt at i ve, at t ended the hea ri ng bef ore the l ear ned as se s si ng of fic er fro m ti me to ti me and made writ te n s ub mi s si ons a nd a lso furnishe d nece ss a r y docu ment a r y evi denc es. The as s es s ee al so produce d i ts re gula r books of ac count and othe r nece ss a r y docu me nt s before t he l earned AO. 3. 6 The rea fte r, t he t hen l ea rned AO frame d t he a ss ess me nt on 30-01-2015 under s . 153A r.w. s. 143( 3) of t he Act det er mi ni ng t he tot al inc ome of the as se s se e at Rs. 7, 50,00,000/- as aga inst t he Ret urned Income of Rs . Nil the reb y ma king an a ddit ion of Rs . 7,50,00, 000/-. The ent ir e a ddi t ion of Rs . 7, 50,00,000/ - wa s ma de b y the le arn ed AO, under s. 68 of the Ac t, on acc ount of s hare ca pit al and sha re pre mi u m re cei pt s, c la i me d to have been ma de b y the as s e s se e c o mp an y, during t he re le vant previ ous ye a r. 3. 7 As aga ins t t he afore sa id Or igi nal Order of As s es sme nt under S.153A r .w .s . 143( 3) , the a ppel la nt pr efe rred an appea l bef ore the l d. CIT(A)-I II , Indore and the l d. CIT(A) -I I I, Indore, vi de her Or der dat ed 21-03-2016, in Appe al No. IT-791/15- 16/ 365, di s pose d-off t he appe al b y de le ti ng the e nti re a ddit ion of Rs . 7, 50,00, 000/- s o made b y t he AO b y gi ving a findi ng that t he a s se s s me nt yea r unde r c ons i dera ti on be ing a non- abat ed ye a r, no a ddi t ion coul d have bee n ma de wi thout having re cours e t o an y i ncri mina ti ng docu me nt found during the se arch. At the ITA No. 195 & 196/Ind/2021 [M/s. SVM Builders Pvt. Ltd. & Anr.] A.Y. 2010-11 - 7 - s a me t i me , the l d. CIT( A), whil e adj udica ting t he Ground No. 1 ra is ed b y t he a p pell ant aga ins t the ve r y i nvoc at ion of t he provi sions of s. 153A of the Act i n it s cas e on the ground tha t no incr i mi nat ing ma t eri al was found dur ing the cours e of the s ea rch, held tha t fa ct ual l y, no inc ri mina ti ng doc ume nt wa s found during t he se arc h a nd t here fore, following the de cis i on of t he J uris dic ti onal ITA T, as cit ed in the Appe ll at e Orde r, al l owed the Ground No. 1 s o ra is e d. The Orde r of the l d. CIT( A), s et ti ng a si de t he ent ire as s es s ment proc eedi ngs, pro mpt ed t he AO to inf er t ha t i n the c as e of t he appe ll ant, no Ass es s me nt Proc e e dings a t al l were ca rri ed out under S.153A of t he Ac t. 3. 8 Agains t t he Order of t he ld. CI T(A), bot h, t he as s es s ee and t he Re venue pref erre d c ros s appe als before t he ITA T, Indore . The I TAT vide i ts Order dat ed 2 6-10-2017 i n Appeal Nos . IT(SS )A 71/ Ind/ 2016 & IT(SS) A 9 0/I nd/2016, dis pos ed off t he appe al s of t he ass es se e and t he Depa rt ment b y upholding the ac ti on of t he ld. CI T( A) i n de le ti ng t he addi ti ons ma de on ac count of rec ei pt of s har e a ppli ca ti on mone y wit hout ha ving re cours e t o a n y in c ri mi nat ing ma te ri a l. 3. 9 Howeve r, at t he sa me ti me, t he ITA T a ls o pa rti al l y al l owed t he onl y Ground of Appea l ra is ed b y t he Re ve nue b y gi ving a s peci fi c findi ng at pa ra (1 5) tha t the l d. CIT( A) wa s not c orrec t a nd j us ti fie d in holdi ng that the as se ss ment proc eedi ngs unde r S. 153A of t he Act we re not va li d on t he bas is t hat no incri mina ti ng ma te ria l or docu me nt was f ound during t he s ea rch. Howe ver, at par a (17) of the Order, t he I TAT ITA No. 195 & 196/Ind/2021 [M/s. SVM Builders Pvt. Ltd. & Anr.] A.Y. 2010-11 - 8 - conf ir me d the ac tion of t he Id. CIT( A) i n del et ing the a ddition ma de b y t he A O on a ccount of rec ei pt of sha re c apital b y the as s es s ee b y holding that during the c ours e of the se arc h, no i ncri mina ti ng ma t e ria l wa s found re la ti ng t o the share ca pi t al and the a ddi tion was made wi thout ha ving r ecour se to an y i ncri mina ti ng mat eri al . The ef fect of s uch Or der rema i ned tha t t he ITAT on the one hand, uphel d t he as se ss ment proce edi ngs ca rri ed out unde r s . 153A of t he Act and on the othe r ha nd, del et ed t he addi tion made b y t he l ea rned AO wit hout ha ving re cours e t o an y i ncri mina ti ng mat eri al . B y thi s Or der of the ITAT, t he a ss e ssme nt pr ocee dings unde r s . 153A which were hel d t o be void-a b-ini tio, got revived, re tros pe ctively, f ro m the dat e on whi ch s uch proce edi ngs were ini ti at ed. 3. 10 Me anwhil e, a ft er the Order of t he ld. CI T( A) , s et ti ng a s ide t he ent ire a s ses sme nt proc eedi ngs c arr ie d out under S. 153A, a not ic e under s . 148 of t he Act was is s ued b y t he ACI T (Ce nt ra l)- 2, Indore to the appel la nt on 27-09-2016 for furni s hing it s return of inco me for A.Y. 2010-11 on the sole pre mis es tha t in the ca se of the a ss e ss e e, no as s ess ment proc eedi ngs unde r a n y of the provi sions of the Act were l egal l y ca rri ed out a nd t hus , c ert ai n i nco me e s cape d to as ses sme nt . 3. 11 In res pons e t o t he noti ce unde r s. 148, t he appel l ant, under prot es t, vi de it s le tt er dat ed 26-10- 2016 request ed the AO to t rea t t he ret urn a lre ad y furnis he d under s . 153A a s it s re turn furni s hed in re spons e to t he noti ce i s s ue d under s . 148 of t he Act . Through t he sa me le tt er, t he appel la nt inti mate d t he AO t hat ass es s ment proce edi ngs in it s cas e have al rea dy got ITA No. 195 & 196/Ind/2021 [M/s. SVM Builders Pvt. Ltd. & Anr.] A.Y. 2010-11 - 9 - co mple ted unde r S. 153A r .w. s. 143(3) of t he Ac t a nd t he addi t ions s o made in t he as s es s ment proce edi ngs have a ls o got del et ed b y the ld. CI T( A) . Through a s ubs eque nt le tt er da te d 09- 08-2017, t he ass es s ee reque st ed t he AO t o provide the cop y of re as ons rec orded before is s uanc e of noti ce dat ed 27- 09-2016. Copie s of t he afores ai d le tt ers dat ed 26-10-2016 and 09-08- 2017 a re bei ng s ub mi tt ed and are par t of pa per book. The rea fte r, t he le arne d AO, vide her Noti ce da ted 17-08-2017 i ss ue d under s. 142(1) of the Act , provi ded a cop y of the s ta te ment c onta ining t he rea sons for is s uance of Noti ce under s . 148 to the a ppel la nt. 3. 12 Upon r ece ipt of cop y of r eas ons , t he a s se ss e e, vide it s couns e l's l ett er da te d 24-08-2017, r ai se d it s obj ect ion aga inst t he i ssua nce of the noti ce unde r s .l42(1) of the Act and a s al s o, aga ins t t he ve r y re -ope ning of the ass es s ment . 3. 13 The l d. AO, vide he r Orde r dat ed 27-10-2017, di s posed-off t he obje ct ion of the a s se s se e b y jus ti f yi ng he r a c ti on of i s sua nce of noti ce unde r s.148 on t he ground tha t as the a sse ssme nt order pas s ed under S. 153A r. w.s . 143(3) had be en quashe d b y t he l d. CIT( A), t here wa s no as s es s ment orde r i n exi st ence f or A.Y. 2010-11 a s on the da te of init iati on of proc ee dings unde r s .147 of t he Ac t. 3. 14 Afte r di spos ing-off t he obj ec ti on of the appell ant, t he AO aga in is s ued a Noti ce under s .l42(1) of t he Act to whi ch t he as s es s ee re pli ed vi de it s couns el 's l et te r dat ed 06-11-2017. A ITA No. 195 & 196/Ind/2021 [M/s. SVM Builders Pvt. Ltd. & Anr.] A.Y. 2010-11 - 10 - cop y of the a fores ai d Noti ce i s sue d b y the l d. AO and a c op y of t he repl y le tt er of t he as s ess ee ar e bei ng s ub mi tt ed. 3. 15 Me anwhil e, the as se s se e rec ei ved the Orde r of the ITA T, pas s ed in respe ct of the ori gina l as ses s ment proc eedings c arr ied out under s. l53A and pronounc ed on 26-10-2017. Upon re cei pt of the Order , the c ouns el of the a s ses se e approa ched the le arned AO on 05-12- 2017 a nd a ppris e d he r about t he pronounce ment of t he order b y the IT AT. As i nti mat e d to the couns el, the AO had not pa s se d a n y Or de r b y t his dat e. 3. 16 Subse quent l y, on 06-12-2017, t he as s es se e, through its couns e l's Ut te r, fil ed a cop y of t he Orde r of the ITAT and re ques te d the ld. AO to drop the re-a s se s s me nt procee dings so i nit ia ted under s . l 47 of the Ac t, on the ground tha t the ori gina l as s es s me nt pr ocee dings unde r S.153A got r evive d (s ince i ncept ion) b y the Or de r of t he I TAT a nd the ref ore, the re could not have been any l ega l s anct it y f or car r ying out the mult i ple re as s es s ment proce edi ngs f or the sa me ye a r and on the s a me i ss ue . A cop y o f t he l et te r dat ed 06- 12-2017 filed b y the a ss es s ee be fore t he l d. AO. 3. 17 Howeve r, wi t hout gi ving an y he ed t o t he r equest of the as s es s ee t o drop t he re-a s se ss me nt procee dings , the lea rned Ass es s i ng Offi cer a bruptl y co mpl et e d the re -as s es s me nt u/s. 147 r. w. s . 143( 3) of t he Inco me-Ta x Act , 1961, b y pa ss ing a n Order , purport edl y on 05 -12-2017, in c o mple te dis re gard of t he Order of t he ITAT pronounc ed on 26-10-2017 i n the Open Court . The Order wa s di s patc hed on 06-12-2017 and was s erve d to the ITA No. 195 & 196/Ind/2021 [M/s. SVM Builders Pvt. Ltd. & Anr.] A.Y. 2010-11 - 11 - as s es s ee on 07-12-2017. In the i mpugned Or der, t he AO re peat ed the ac ti on pr edec es sor, i n t he origi nal as se s s ment proc eedi ngs , b y re- maki ng an a ddit ion of Rs . 7,50, 00,000/- under s. 68 of t he Act on ac count of sha re c api ta l and sha re pre miu m a mount rec ei ved b y the a ss es s ee c o mpan y duri ng t he pre vious ye a r unde r cons ide rat ion which ha d a lre ad y g ot de let ed b y two appel la te author it ie s s ucc ee dingl y. 4. The rea fte r, Revenue and a ss e ss e e pre ferr ed s ec ond appea l bef ore t he I TAT, Indor e Benc h. Howe ver, a t t he s a me ti me ITAT al s o pa rti al l y a ll owe d t he appe al b y gi ving a s pec ifi c fi nding at para 15 of t he ITA T or der t hat l ea rned CIT( A) wa s not c orrec t a nd j us ti fie d in holdi ng that the as s ess ment proc eedi ngs unde r S. 153A of t he Act we re not va li d on t he bas is t hat no incri mina ti ng ma te ria l or docu me nt was f ound during t he s ea rch. Howeve r, at para 17 of t he Order, t he I TAT conf ir me d the a ct ion of the l d. CI T(A) i n del eti ng the a ddit ion ma de b y t he A O on a ccount of rec ei pt of sha re c apital b y the appe ll ant b y holdi ng that duri ng the c ours e of the s ea rch, no i ncri mina ti ng ma t e ria l wa s found re la ti ng t o the share ca pi t al and the a ddi tion was made wi thout ha ving r ecour se to an y i ncri mina ti ng mat eri al . The ef fect of s uch Or der rema i ned tha t t he ITAT on t he one hand, upheld t he a ss es s me nt proce edi ngs ca rri ed out under S. 153A of t he Act and on t he ot her ha nd, del et ed t he addi tion made b y t he l ea rned AO wit hout ha ving re cours e t o an y i ncri mina ti ng mat eri al . B y thi s Or der of the ITAT, the as se s sme nt proc ee dings under S. 153A whi ch were hel d t o be void-a b-ini tio, got revived, re tros pe ctively, f ro m the dat e on whi ch s uch proce edi ngs were ini ti at ed. ITA No. 195 & 196/Ind/2021 [M/s. SVM Builders Pvt. Ltd. & Anr.] A.Y. 2010-11 - 12 - 4. 1 Tha t, me anwhil e, in cons eque nce of the Order of the l d. CIT( A), s et ti ng asi de t he e nti re a s ses s ment procee dings c arr ied out under S.153A, a not ic e under s . 148 of t he Act w as i ss ued b y t he l d. AO, where in, it is me nti oned t hat the ass es s ee co mpan y for t he r el evant as s es s me nt ye a r was the rec ei pt of s hare applic at ion mone y of Rs . 7,50,00,000/ -. I t would be obs erve d b y AO that t he r eas on for e sc ape ment of i nco me a mounti ng t o Rs .7, 50,00, 000/ - on a cc ount of sha re appl i cat ion mon e y, as rec orde d b y t he le arne d AO, w as t he s a me whi ch wa s a lre ad y ta ken int o cons ide rat ion b y the l ea rned AO whi le ma king addi ti on of Rs .7, 50, 00,000/ - i n the t ota l i ncome of the as s es s ee co mpa n y in t he a fore sa id a s se ss me nt or der pa ss e d under S. 153A r.w. s . 143(3) of the Ac t. It is pe rtinent to me nti on here tha t a ss e ss me nt orde r has bee n quas hed b y the appe ll at e authority on t ec hnica l ground tha n t here is no order in exi s t. The Ld. CIT( A) ha s quas hed t he a ss e ss me nt orde r dat ed 30/ 01/2015 pa sse d u/s . 153A r. w. s . 143( 3) vide order i n appea l no. IT- 791/15-16/3615 dat ed 21.03. 2016. M eani ng t here b y, t here is no as s essme nt order for AY 2010-11 as on the dat e of i nit ia ti on of pr ocee dings u/s 147 of the Act . 4. 2 Howe ver, ld. CIT(A) quas hing the entire as se s s ment proc eedi ngs under S.153A r. w.s . 143(3) of t he Act go t re vers ed b y t he Order of a higher judi ci al foru m viz . t he Inco me - Ta x Appell at e Tri bunal , Indore pas s ed on 26-10-2017. The Order so pas s ed b y t he I T AT was dul y pronounc ed i n t he Open Cour t on 26-10-2017 it s el f i n which the l d. C1T (DR) repre s ent ing the Depar t me nt wa s a ls o pres ent . In suc h cir cu ms t an ce s, the re ca nnot be an y de ni al tha t the orde r s o pa sse d b y the ITAT, ITA No. 195 & 196/Ind/2021 [M/s. SVM Builders Pvt. Ltd. & Anr.] A.Y. 2010-11 - 13 - re vers i ng the fi ndings of the ld. CIT(A) se tt ing aside t he e nti re as s es s me nt proce edings, was not in the knowle dge of the l ear ned AO t hrough the ld. CIT( DR) e ve n af ter the expi r y of a per iod of ne arl y 45 da ys bef ore purpor tedl y pa s s i ng the i mpugned ass es s ment or der on 05-12-2017. 4. 3 I mme dia te l y upon r ece ipt of t he hard c op y of t he Or der , t he l d. AR of as ses s ee co mpa n y approa ched t he lea rned AO on 05-12-2017 and appris e d her about the pronounce me nt of the Order of t he ITAT. As i nti mat ed to the l ear ned c ounsel , the l d. AO ha d not pas s ed an y Orde r b y thi s dat e. Ins te ad, the le arned AO as ked the c ounse l of the a ss e ss ee to fil e a cop y of the Order of t he ITAT on t he next da y. 4. 4 On 06-12-2017, the as s es s ee , through it s c ounsel' s le tt er fi le d a ph ysi ca l s igne d c op y of t he Or der of the ITAT and re ques te d t he ld. AO t o drop t he r eas s es s ment pr ocee dings so i nit ia ted under s .147 of t he Act , on t he ground that t he ori gi nal as s es s me nt pr ocee dings unde r S. 153A of t he Ac t got revi ved b y t he Order of t he I TAT and ther efor e , the re could not have been an y l egal s a nct it y for ca rr yi ng out t he rea s se ss me nt pr oce edi ngs for t he s a me ye ar and on the sa me i ss ue . It was furt her s ub mi tt ed be fore t he l d. AO t hat b y thi s Orde r of the I TAT, the as s es s me nt proc e e dings under s. l53A whi ch were held t o be voi d-ab-init io, got revi ved, ret ros pec ti vel y, fr o m the da te on which s uch proc eedi ngs wer e initi at ed. 4. 5 The le arned As se ss i ng Offi ce r pass ed t he re- as ses sme nt orde r u/s. 147 r .w. s. 143(3) of t he Act b y ment ioni ng t he dat e ITA No. 195 & 196/Ind/2021 [M/s. SVM Builders Pvt. Ltd. & Anr.] A.Y. 2010-11 - 14 - of orde r as t hat of 05-12-2017 i . e. i mme di ate l y one da y b e fore t he fi ling of t he ha rd c opy of t he orde r of the ITAT b y the as s es s ee bef ore her on 06- 12-2017. The Order was di s pat ched on 06-12-2017 and wa s s erve d to the a s se ss e e on 07-12-2017. In t he i mpugned Orde r, t he l d. AO repe at ed t he act ion of her pre dece s sor , i n the ori gi nal as s es s ment proce edi ngs, by ma king an a ddit ion of Rs.7, 50, 00,000/ - under s . 68 of t he Ac t on acc ount of s har e ca pit al and s hare pre miu m. It is pert ine nt to ment i on her e t hat when B enc h confr ont ed lea rned Sr. D. R. , he fai rl y conc ede d that whe n ITAT pa ss e d a n or der on tha t da y proc eedi ngs wer e pendi ng be fore t he le arne d AO. 5. In our cons i dered opini on, le arne d AO i n pas s ing t he i mpugned as s es s ment or der, in a hast e and in a ba ck dat e mer el y for e s capi ng to give t he ef fec t of the orde r of t he ITA T i n t he as s es s ee ’s ca se i s pa te ntl y i ll ega l, unwa rra nted, unj us ti fie d and aga ins t t he s pi rit of judi ci al propri et y. Thus, in our cons ide red opi nion, t he ac ti on of the l ea rned AO is aga ins t the pri nci ple of j udic ial di s cipli ne a nd propri et y and a ls o t o the contrar y to the s ta tutor y provis i on of la w. As pe r l aw, l ower a ut hori ti es a re expe ct ed to foll ow t he di re ct ion of the hi ghe r authori t y and the orde r of the ITAT is binding on t he le arne d AO and CIT( A). As we c an s ee in thi s c as e, l ea rned AO ha s gros s l y er re d b y not fol lowing the order of the ITAT, s a me is a mount to mi s ca rri age of jus tic e. Eve n on me r it , we find tha t AO whi le fr a mi ng as s es s me nt under S.148 of t he Ac t has mer e l y r e li ed upon t he fi nding give n b y his pr edec es s or pa s si ng t he order under S.153A of the Act wit hout conducting an y e nqui r y. Even, we fi nd that the AO has not ma de an y at te mpt to iss ue notic e on the ITA No. 195 & 196/Ind/2021 [M/s. SVM Builders Pvt. Ltd. & Anr.] A.Y. 2010-11 - 15 - s hare holde r c o mp an y at t he ne w ad dres s es has me nti oned i n the orde r of t he C IT( A) who pas s ed the orde r a gai nst t he as s es s me nt order under S. 155/ 153A of t he Ac t. We find tha t duri ng the cours e of procee dings under S. 153A of the Act, as s es s ee has f urnis hed all the nece ssa r y doc u ment ary e vide nces i n s upport of genui neness of sha re c api ta l whic h did not ge t re butt ed b y t he AO at an y s ta ge. The ref ore, in view of t he above finding, we gra nt rel ie f to t he as s es s ee . 6. In t he res ult, the c apt ione d appe al fi le d b y t he a ss e ss e e i s al l owed. ITA No. 196/I nd/2021 (M/s . Chugh Real Es ta te Pvt. Ltd.) 7. The a s se s se e has ta ken following grounds of a ppea l: “ 1 a ) . T h a t , o n t h e f a c t s a n d i n t h e c i r c u m s t a n c e s in t h e c a s e , t h e l e a r n e d C I T ( A ) g r o s s l y e r r e d , i n l a w , i n c o n f i r m i n g t h e a c t i o n o f t h e A O o f f r a m i n g t h e A s s e s s m e n t O r d e r u n d e r s . 1 4 7 r . w . s . 1 4 3 ( 3 ) o f t h e A c t i n a b a c k d a t e m e r e l y f o r e s c a p i ng t o g i v e t h e e f f e c t o f t h e O r d e r o f t h e H o n ' b l e I T A T i n t h e a p p e l l a n t ' s c a s e . 1 b ) . T h a t , o n t h e f a c t s a n d i n t h e c i r c u m s t a n c e s i n t h e c a s e , t h e l e a r n e d C I T ( A ) g r o s s l y e r r e d , i n l a w , i n c o n f i r m i n g t h e a c t i o n o f t h e A O i n f r a m i n g t h e A s s e s s m e n t O r d e r u n d e r s . 1 4 7 r . w . s . 1 4 3 ( 3 ) o f t h e A c t , p u r p o r t e d l y o n 0 5 - 1 2 - 2 0 1 7 , w i t h ou t g i v i n g e f f e c t t o t h e O r d e r o f t h e H o n ' b l e I T A T p r o n o u n c e d o n 2 6 - 1 0 - 2 0 1 7 i n t h e O p e n C o u r t , t h e r e b y r e s u l t i n g i n t o m u l ti p l e p r o c e e d i n g s o n t h e s a m e i s s u e f o r t h e s a m e y e a r . 2 . T h a t , o n t h e f a c t s a n d i n t h e c i r c u m s t a n c e s i n t h e c a s e , t h e l e a r n e d C I T ( A ) g r o s s l y e r r e d , i n l a w , i n c o n f i r m i n g t h e i s s u a n c e o f N o t i c e u n d e r s . 1 4 8 o f t h e A c t b y t h e A O o n t h e s a m e i s s u e a n d o n t h e s a m e g r o u n d w h i c h h a d a l r e a d y b e e n c o n s i d e r e d b y a n A s s e s s i n g O f f i c e r i n t h e o r i g i n a l a s s e s s m e n t p r o c e e d i n g s u n d e r S . 1 5 3 A , f o l l o w e d b y a d j u d i c a t i o n t h e r e o f b y t h e f i r s t A p p e l l a t e A u t h o r i t y , w a s i l l e g a l , a r b i t r ar y , u n j u s t i f i e d , u n w a r r a n t e d a n d b a d - i n - l a w . 3 . T h a t , t h e l e a r n e d C I T ( A ) g r o s s l y e r r e d , b o t h o n f a c t s a n d i n l a w , i n c o n f i r m i n g t h e a c t i o n o f t h e A O f o r p a s s i n g t h e R e - ITA No. 195 & 196/Ind/2021 [M/s. SVM Builders Pvt. Ltd. & Anr.] A.Y. 2010-11 - 16 - A s s e s s m e n t O r d e r u n d e r s . 1 4 7 o f t h e A c t o n t h e s o l e p r e m i s e t h a t t h e o r i g i n a l a s s e s s m e n t p r o c e e d i n g s u n d e r S . 1 53 A h a d g o t s t r u c k - o f f b y t h e O r d e r o f t h e H o n ' b l e C I T ( A ) , w i t ho u t c o n s i d e r i n g t h e m a t e r i a l f a c t t h a t t h e o r i g i n a l a s se s s m e n t p r o c e e d i n g s u n d e r S . 1 5 3 A , s o s t r u c k e d - o f f , h a d g o t r e v i v e d b y t h e s u b s e q u e n t O r d e r o f t h e H o n ' b l e I T A T , w h i c h w a s p a s s e d m u c h p r i o r t o t h e i m p u g n e d O r d e r o f t h e R e - A s s e s s me n t p a s s e d b y t h e A O . 4 . T h a t , w i t h o u t p r e j u d i c e t o t h e a b o v e , t h e l e a r n ed C I T ( A ) g r o s s l y e r r e d , b o t h o n f a c t s a n d i n l a w , i n c o n f i r mi n g t h e a c t i o n o f t h e A O f o r f r a m i n g t h e r e - a s s e s s m e n t , w i th u n d u e h a s t e , w i t h o u t g i v i n g s u f f i c i e n t a n d e f f e c t i v e o p p or t u n i t y o f b e i n g h e a r d t o t h e a p p e l l a n t o n t h e m e r i t s o f t h e ca s e . 5 . T h a t , w i t h o u t p r e j u d i c e t o t h e a b o v e , t h e l e a r ne d C I T ( A ) g r o s s l y e r r e d , b o t h o n f a c t s a n d i n l a w , i n c o n f i r mi n g t h e a c t i o n o f t h e A O f o r r e - d e t e r m i n i n g t h e t o t a l i n c o me o f t h e a p p e l l a n t c o m p a n y u / s . 1 4 7 r . w . s . 1 4 3 ( 3 ) o f t h e I n co m e - T a x A c t , 1 9 6 1 a t R s . 2 , 2 5 , 0 0 , 0 0 0 / - a s a g a i n s t t h e o r i g i na l l y R e - A s s e s s e d I n c o m e o f R s . N i l t h e r e b y r e - m a k i n g a n a d d it i o n o f R s . 2 , 2 5 , 0 0 , 0 0 0 / - , w h i c h i s q u i t e u n j u s t i f i e d , u n w a rr a n t e d , e x c e s s i v e , a r b i t r a r y a n d b a d - i n - l a w . 6 a ) . T h a t , w i t h o u t p r e j u d i c e t o t h e a b o v e , t h e l e a rn e d C I T ( A ) g r o s s l y e r r e d , b o t h o n f a c t s a n d i n l a w , i n c o n f i r mi n g t h e a d d i t i o n o f R s . 2 , 2 5 , 0 0 , 0 0 0 / - m a d e b y t h e A O i n t h e a p p e l l a n t ' s i n c o m e o n a c c o u n t o f s h a r e c a p i t a l a n d s h a r e p r e m i um r e c e i p t s m a d e b y t h e a p p e l l a n t c o m p a n y d u r i n g t h e re l e v a n t p r e v i o u s y e a r w i t h o u t c o n s i d e r i n g a n d a p p r e c i a t i n g t h e m a t e r i a l f a c t t h a t t h e a p p e l l a n t c o m p a n y h a d d i s c h ar g e d i t s i n i t i a l o n u s o f p r o v i n g i d e n t i t y o f t h e s h a r e h o l d e rs , g e n u i n e n e s s o f t h e t r a n s a c t i o n s a n d a l t h o u g h n o t r eq u i r e d , c r e d i t w o r t h i n e s s o f t h e s h a r e h o l d e r s a s w e l l j i n t he o r i g i n a l a s s e s s m e n t p r o c e e d i n g s c a r r i e d o u t u n d e r S . 1 5 3 A a s w e l l a s i n t h e a p p e l l a t e p r o c e e d i n g s c a r r i e d o u t i n p u r s u a n c e o f s u c h a s s e s s m e n t p r o c e e d i n g s . 6 b ) . T h a t , w i t h o u t p r e j u d i c e t o t h e a b o v e , t h e l e a rn e d C I T ( A ) g r o s s l y e r r e d , b o t h o n f a c t s a n d i n l a w , i n c o n f i r mi n g t h e a d d i t i o n o f R s . 2 , 2 5 , 0 0 , 0 0 0 / - m a d e b y t h e A O i n t h e a p p e l l a n t ' s i n c o m e o n a c c o u n t o f s h a r e c a p i t a l a n d s h a r e p r e m i um r e c e i p t s m a d e b y t h e a p p e l l a n t c o m p a n y d u r i n g t h e re l e v a n t p r e v i o u s y e a r w i t h o u t c o n s i d e r i n g t h e m a t e r i a l f a c t t h a t t h e A O h a s n o t m a d e a n y f r e s h e n q u i r y a t h e r o w n b u t m er e l y r e i t e r a t e d t h e f i n d i n g s o f h e r p r e d e c e s s o r i n t h e ea r l i e r O r d e r p a s s e d u n d e r s . 1 5 3 A o f t h e A c t . 6 c ) . T h a t , w i t h o u t p r e j u d i c e t o t h e a b o v e , t h e l e a rn e d C I T ( A ) g r o s s l y e r r e d , b o t h o n f a c t s a n d i n l a w , i n c o n f i r mi n g t h e i m p u g n e d a d d i t i o n o f R s . 2 , 2 5 , 0 0 , 0 0 0 / - w i t h o u t p r o p er l y c o n s i d e r i n g a n d a p p r e c i a t i n g t h e m a t e r i a l f a c t t h a t t h e A O h a s n o t m a d e a n y s i n g l e e n q u i r y a t h e r e n d o n t h e n e w ad d r e s s e s ITA No. 195 & 196/Ind/2021 [M/s. SVM Builders Pvt. Ltd. & Anr.] A.Y. 2010-11 - 17 - o f t h e s h a r e a p p l i c a n t c o m p a n i e s f u r n i s h e d b y t h e ap p e l l a n t b e f o r e t h e H o n ' b l e C I T ( A ) i n t h e q u a n t u m a p p e a l p r ef e r r e d b y i t a g a i n s t t h e A s s e s s m e n t O r d e r p a s s e d u n d e r S . 1 5 3 A r . w . s . 1 4 3 ( 3 ) o f t h e A c t . 6 d ) . T h a t , w i t h o u t p r e j u d i c e t o t h e a b o v e , t h e l e a rn e d C I T ( A ) g r o s s l y e r r e d , b o t h o n f a c t s a n d i n l a w , i n c o n f i r mi n g t h e a c t i o n o f t h e A O f o r m a k i n g t h e i m p u g n e d a d d i t i o n wi t h o u t f i r s t p r o v i d i n g a n d c o n f r o n t i n g t o t h e a p p e l l a n t w it h t h e m a t e r i a l a v a i l a b l e o n h e r r e c o r d w h i c h a l l e g e d l y e st a b l i s h e d t h a t t h e a p p e l l a n t r e c e i v e d s h a r e a p p l i c a t i o n m o n e y o f R s . 2 , 2 5 , 0 0 , 0 0 0 / - t h r o u g h a c c o m m o d a t i o n e n t r i e s . ” 8. Sinc e, we ha ve gr a nte d re li ef to t he as s es se e in c onnec ted appe al I TA No. 195/ Ind/ 2021, there fore, sa me s ha ll a ppl y mu t at is muta ndis . 9. In the co mbine d re sul t , both appe als fi le d b y the as s es s ee s ar e al lowed. Sd/- Sd/- (BHAGI RATH M AL BI YANI) (MAHAVIR PRASAD) ACCOUNTA NT MEMB ER JUDICIAL MEMBER Indore: Dated 27/07/2022 S.K.SINHA आदेश क त ल प अ े षत / Copy of Order Forwarded to:- 1. राज व / Revenue 2. आवेदक / Assessee 3. संबं)धत आयकर आय ु +त / Concerned CIT 4. आयकर आय ु +त- अपील / CIT (A) 5. /वभागीय 2त2न)ध, आयकर अपील य अ)धकरण, अहमदाबाद / DR, ITAT, Ahmedabad 6. गाड8 फाइल / Guard file. By order UE COPY Assistant Registrar Income Tax Appellate Tribunal Indore Bench, Indore This Order pronounced in Open Court on 27/07/2022 ITA No. 195 & 196/Ind/2021 [M/s. SVM Builders Pvt. Ltd. & Anr.] A.Y. 2010-11 - 18 - 1.Date of dictation on 19.07.2022 2.Date on which the typed draft is placed before the Dictating Member 20.07.2022 3.Date on which the approved draft comes to the Sr.P.S./P.S. 4.Date on which the fair order is placed before the Dictating Member for pronouncement 5.Date on which the fair order comes back to the Sr.P.S./P.S 6.Date on which the file goes to the Bench Clerk 7.Date on which the file goes to the Head Clerk 8.The date on which the file goes to the Asstt. Registrar for signature on the order 9.Date of Dispatch of the Order