DCIT, Bhubaneswar V. Orissa Order Suppliers Pvt. Ltd., Bhubaneswar

ITA 304/CTK/2015

• Counselvise Citation: [2017] 127 COUNSELVISE.COM (IT) 5376 (ITAT-CUTTACK)
• Duration Of Justice: 2 year(s) 4 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 12-10-2017
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: DB
• Assessment Year: 2010-2011
• Appeal Filed On: 12-06-2015
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: D K PRADHAN
• Assessee Lawyers: P
• Keywords: Proportionate interest
• Section: 40A(3); 143(3); 142(1)

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL CUTTACK BENCH CUTTACK BEFORE SHRI N.S.SAINI, AM & SHRI PAV AN KUMAR GADALE, JM ./ ITA NO. 304 / CTK /20 1 5 ( / ASSESSMENT YEAR : 20 10 - 2011 ) DCIT, CORPORATE CIRCL E - 1(2), BHUBANESWAR VS. ORISSA ORDER SUPPLIERS PRIVATE LIMITED, C - 112, BARMUNDA HOUSING BOARD COLONY, BHUBANESWAR ./ ./ PAN/GIR NO. : A A BCO 1458 J ( / APPELLANT ) .. ( / RESPONDENT ) /REVENUE BY : SHRI D.K.PRADHAN, DR /AS SESSEE BY : SHRI P.S.PANDA/K.AGARWALLA, AR / DATE OF HEARING : 1 8 / 09 /201 7 / DATE OF PRONOUNCEMENT 22 / 09 /201 7 / O R D E R PER SHRI PAV AN KUMAR GADALE, JM : TH E REVENUE HAS FILED AN APPEAL AGAINST THE ORDER OF CIT (A) - 1 , CUTTACK , IN APPEAL NO. 0494 /201 4 - 1 5 , DATED 10.03.2015 , PASSED U/S. 143(3) OF THE INCOME TAX ACT, 1961 FOR THE ASSESSMENT YEAR 20 1 0 - 2011 , WHEREIN THE REVENUE HAS RAISED THE FOLLOWING GROUNDS : - 1. ON THE FACTS AND IN THE CIRCUMSTANCES OF THE CASE, THE LD. CIT(A) IS NOT JUSTIFIED IN LAW AS WELL AS ON FACTS IN DELETING ADDITION OF RS. 19,02,085/ - WITHOUT APPRECIATING THE FACT THAT THE ASSESSEE HAD BEEN PAYING INTEREST ON THE HUGE AMOUNT OF LOAN TAKEN FROM BANK AND OTHER PARTIES. 2. ON THE FACTS AND IN THE CIRCUMSTANCES OF THE CASE, THE LD. CIT(A) IS NOT JUSTIFIED IN LAW AS ON FACTS IN DELETING ADDITION OF RS.9,24,450/ - WITHOUT APPRECIATING THE FACT THAT THE ASSESSEE HAD MADE PAYMENTS IN CASH IN VIOLATION O F SECTION 40A(3), THE DETAILS OF WHICH HAVE BEEN GIVEN IN THE BODY OF THE ASSESSMENT ORDER. 3. ON THE FACTS AND IN THE CIRCUMSTANCES OF THE CASE, THE LD. CIT(A) IS NOT JUSTIFIED IN LAW AS ON FACTS BY DELETING ADDITION OF RS.2,25,136/ - IGNORING THE FACT THA T THE EXPENSES CLAIMED BY THE ASSESSEE WERE NOT FOR ANY BUSINESS PURPOSES. 4. ON THE FACTS AND IN THE CIRCUMSTANCES OF THE CASE, THE LD. CIT(A) HAS ERRED IN LAW IN NOT ACCEPTING THE EXAMINATION OF FINDINGS MADE BY THE AO ON THE ISSUES. ITA NO. 304 /CTK/201 5 2 2. BRIEF FACTS OF T HE CASE ARE THAT THE ASSESSEE IS ENGAGED IN THE BUSINESS OF SUPPLY OF DAL TO VARIOUS GOVERNMENT AGENCIES AND FILED THE RETURN OF INCOME FOR THE ASSESSMENT YEAR 201 0 - 2011 ON 14.10.2010 WITH TOTAL INCOME OF RS. 7,37,892/ - AND THE RETURN OF INCOME WAS PROCESSE D U/S.143(1) OF THE ACT AND SUBSEQUENTLY THE CASE WAS SELECTED FOR SCRUTINY UNDER AND NOTICE U/S.143(2) & 142(1) ALONG WITH QUESTIONNAIRE WAS ISSUED. IN COMPLIANCE TO THE SAME, LD. AR OF THE ASSESSEE APPEARED FROM TIME TO TIME AND EXPLAINED THE CASE. THE AO ON PERUSAL OF THE PROFIT AND LOSS ACCOUNT FOUND THAT THE ASSESSEE HAS PROVIDED LOAN AND ADVANCES OF RS. 3,55,27,226/ - TO THE AYUSH HOSPITAL AND NO INTEREST IS CHARGED BY THE ASSESSEE. IN THE CURRENT FINANCIAL YEAR THE ASSESSEE HAS CLAIMED IN PROFIT AND LOSS ACCOUNT RS. 14,58,254/ - TOWARDS INTEREST , WHEREAS THE LOAN HAS BEEN OBTAINED FOR THE PURPOSE OF BUSINESS FROM FINANCIAL INSTITUTIONS, BANKS AND OTHER PARTIES AGGREGATING TO RS.28,55,28,965/ - . THE AO FOUND THAT THE INTEREST BEARING LO AN FUNDS FROM BANK S AND OTHER PARTIES HAVE BEEN DIVERTED AS INTEREST FREE UNSECURED LOAN TO AYUSH HOSPITAL FOR NON - BUSINESS PURPOSE. ACCORDINGLY, THE AO ESTIMATED DISALLOWANCE OF INTEREST @12.25% ON THE LOAN OF RS.1,55,27,226/ - WHICH WORKS OUT TO RS.19,02,085/ - AND THE ADD ED TO THE RETURNED INCOME OF THE ASSESSEE . SIMILARLY, THE AO ALSO DISALLOWED EXPENSES OF RS.9,24,450/ - CLAIMED TOWARDS TRANSPORTATION EXPENSES AND RS. 2,25,136/ - TOWARDS DONATIONS AND ASSESSED THE TOTAL INCOME OF RS.3,21,27,830/ - AND PASSED THE ORDER U/S.1 43(3) OF THE ACT, DATED 6.3.2013. ITA NO. 304 /CTK/201 5 3 3 . AGGRIEVED BY THE ORDER OF AO, THE ASSESSEE FILED AN APPEAL WITH THE CIT(A). IN TH E APPELLATE PROCEEDINGS, THE LD. AR OF THE ASSESSEE APPEARED AND ARGUED THE GROUNDS AND REITERATED THE SUBMISSIONS MADE BEFORE THE AO. ON THE FIRST ISSUE WITH RESPECT TO THE INTEREST FREE LOANS PROVIDED TO THE AYUSH HOSPITAL, THE ASSESSEE HAS MADE SUBMISSIONS WHICH THE CIT(A) HAS CONSIDERED AT PARA 3.1 AT PAGE 2 TO 4 OF THE ORDER AND FINALLY CAME TO THE CONCLUSION THAT THERE EXISTS NEXUS WI TH BUSINESS, AND ARE NOT PROVIDED TO THE AYUSH HOSPITAL IN THE CURRENT FINANCIAL YEAR BUT OUT OF BUSINESS RE - ORGANISATION OF THE PROPRIETARY CONCERN M/S KALINGA COMMERCIAL CORPORATION AS GOING CONCERN ALONG WITH ANOTHER PROPRIETARY BUSINESS WITH M/S ORIS SA ORDER SUPPLIERS PVT. LTD. AND RELIED ON THE DECISION OF THE TRIBUNAL IN ITA NO. 29/CTK/2012, ORDER DATED 2.4.2012, AND DELETED THE ADDITION AND OBSERVED AT PARA 3.2 OF THE ORDER WHICH READ AS UNDER : - 3.2 I HAVE CONSIDERED THE MATTER. THE SUBMISSION OF T HE APPELLANT HAS MERIT. THE DISALLOWANCE OF INTEREST OF RS.13,69,057/ - IN RESPECT OF INTEREST FREE LOAN OF RS.2 CRORES GIVEN TO AYUSH HOSPITAL BY M/S KALINGA COMMERCIAL CORPORATION DURING THE PERIOD RELEVANT TO THE AY 2008 - 09 HAS BEEN DELETED BY THE CIT(A) - II, BHUBANESWAR VIDE HIS ORDER DT.3.10.2011 IN ITA NO.0213/10 - 11 WHICH H AS BEEN UPMHELD BY THE ITAT, CUTTACK BENCH IN ITA NO.29/CTK/2012 VIDE ORDER DT.2.4.2012. M/S KALINGA COMMERCIAL CORPORATION (PROP: S.R.SAMAL) WAS TAKEN OVER BY THE APPELLANT COMPANY AS A GOING CONCERN ON DT.16.1.2009 ALONG WITH ANOTHER PROPRIETARY CONCERN M/S ORISSA ORDER SUPPLIERS. M/S KALINGA COMMERCIAL CORPORATION ALSO ADVANCED FURTHER LOAN OF RS.1,55,27,226/ - TO AYUSH HOSPITAL BEFORE IT WAS TAKEN OVER BY THE APPELLANT COMPANY DURI NG THE PERIOD RELEVANT TO THE AY 2009 - 10 I.E. TOTAL LOAN GIVEN TO AYUSH HOSPITAL COMES TO RS.3,55,27,226/ - . THE INTEREST ON FURTHER LOAN OF RS.1,55,27,226/ - DISALLOWED BY THE AO IN THE AY 2009 - 10 FOR THE AMOUNT OF RS.8,634,334/ - HAS BEEN DELETED BY ME VIDE ORDER DT.19.1.2015 IN ITA NO.0252/14 - 15. THE FACTS IN THE IMPUGEND ASSESSMENT YEAR REMAIN SAME AS IN THE AY 2009 - 10. IN VIEW OF THE SAME ADDITION OF RS.19,02,085/ - IS HEREBY DELETED. ITA NO. 304 /CTK/201 5 4 4. SIMILARLY, ON SECOND DISPUTED ISSUE OF DISALLOWANCE U/S.40A(3) OF T HE ACT, THE CIT(A) FOUND THAT THE AMOUNT DEALT BY THE AO IN RESPECT OF EXPENSES OF THE CARRIAGE INWARD EXPENSES AND THE LEDGER ACCOUNT DO NOT CONFIRM CASH PAYMENTS . THE CIT(A) FURTHER EMPHASISED ON THE NARRATION IN THE LEDGER ACCOUNTS WHERE THE PAYMENTS AR E ROUTED THROUGH JOURNAL ENTRIES AND PURCHASE ACCOUNTS AND DELETED THE ADDITION OF RS.9,24,450/ - REFERRED AT PARA 4.1 & 4.2 OF THE ORDER AS UNDER : - 4.1 THE APPELLANT HAS MADE THE FOLLOWING SUBMISSION : B) DISALLOWANCE U/S.40A(3) OF RS.9,24,450/ - THE LD . A.O. DISALLOWED CARRIED INWARD EXPENSES AMOUNTING TO RS.9,24,450/ - U/S.40A(3) OF THE INCOME TAX ACT, 1961 WITH A CONTENTION THAT THE SAME WERE PAID IN CASH EXCEEDING THE LIMIT. THE APPELLANTS SUBMISSION ON THE ABOVE IS AS FOLLOWS : - 1. DURING THE YEA R THE APPELLANT HAD SHOWN CARRIAGE INWARD EXPENSES AMOUNTING TO RS.92,74,060/ - THE DETAILS OF WHICH WERE PRODUCED BEFORE THE LD. A.O. DURING THE COURSE OF HEARING. COPIES OF WHICH WERE DULY FILED DURING ASSESSMENT. 2. FROM THE ENCLOSED LEDGER COPIES YOUR HONOUR WILL FIND THAT THE DISALLOWANCES MADE BY THE LD. AO ARE NOT CASH PAYMENTS. 3. RATHER THE EXPENSES SHOWN IN THE LEDGER COPIES ARE JOURNAL ENTRIES AGAINST WHICH CASH PAYMENTS ARE MADE IN SUBSEQUENT DAYS WHICH ARE NOT IN VIOLATION OF THE PROV. OF SEC. 40A(3) OF THE INCOME TAX ACT, 1961. 4. THE LD. AO ON PRESUMPTION BASIS CONSIDERED THE ENTRIES MADE UNDER THE HEAD CARRIAGE INWARD AS CASH PAYMENT AND ACCORDINGLY DISALLOWED U/S.40A(3) OF THE INCOME TAX ACT, 1961 SINCE THE IMPUGNED ENTRIES ARE NOT CASH PA YMENTS, YOUR HONOUR IS REQUESTED TO DELETE THE DISALLOWANCE MADE. 4.2 I HAVE CONSIDERED THE MATTER. THE AMOUNTS CONSIDERED BY THE AO FOR DISALLOWANCE U/S.40A(3) ARE IN FACT EXPENDITURE BOOKED IN THE CARRIAGE INWARD LEDGER ACCOUNT WHICH DO NOT CONFIRM THAT CASH PAYMENTS HAVE BEEN MADE FOR THE SAID AMOUNTS. THE AMOUNTS HAVE MERELY BOOKED AS EXPENSES IN ITA NO. 304 /CTK/201 5 5 THE LEDGER ACCOUNT WHICH IS NOT SAME AS CASH PAYMENTS. FROM THE NARRATION IN THE LEDGER ACCOUNTS, THE PAYMENTS ARE BOOKED THROUGH JOURNAL ENTRIES AND TO PURCH ASE ACCOUNTS. THUS, THE AO HAS WRONGLY TREATED THE EXPENSES OF RS.9,24,450/ - AS CASH PAYMENTS IN VIOLATION OF THE PROVISIONS OF SECTION 40A(3). IN VIEW OF THE SAME, THE ADDITION OF RS.9,24,450/ - IS DELETED. 5. IN RESPECT OF THIRD DISPUTED ISSUE , THE CIT( A) CONSIDERED THE ASSESSEES SUBMISSIONS AND CAME TO THE CONCLUSION THAT THE AMOUNT OF RS.2,25,136/ - CONSIST OF PETTY DAY - TO - DAY EXPENSES WHICH ARE NECESSARY FOR RUNNING OF THE BUSINESS AND DELETED THE ADDITION AND ALLOWED THE GROUNDS OF APPEAL OF THE ASS ESSEE. 6 . AGGRIEVED BY THE ORDER OF CIT(A), THE REVENUE HAS FILED AN APPEAL BEFORE THE TRIBUNAL. 7 . BEFORE US, LD. D R SUBMITTED THAT THE CIT(A) HAS ERRED IN DELETING THE INTEREST ON ADVANCE S MADE TO AYUSH HOSPITAL. LD.DR FURTHER SUBMITTED THAT THE ASSESSEE AFTER AVAILING LOANS FROM BANK AND PAYING INTEREST ON BORROWED FUNDS CANNOT PROVIDE INTEREST FREE LOANS TO ANY BUSINESS CONCERN. ON THE OTHER HAND, L D. AR SUBSTANTIATE HIS ARGUMENTS THAT THE INTEREST FREE LOANS ARE PROVIDED BY KALINGA COMMERCIAL CORPORATI ON A PR OPRIETORSHIP OF SRI S.R.SAMAL IN THE ASSESSMENT YEAR 2008 - 09 AND IN THE SAID ASSESSMENT YEAR AO HAS DISALLOWED THE INTEREST PAYMENTS AND THE CIT(A) HAS ALLOWED THE APPEAL OF THE ASSESSEE BY DELETING THE DISALLOWANCE . AGGRIEVED BY THE CIT(A) ORDER, T HE REVENUE HAS FILED AN APPEAL WITH THE TRIBUNAL AND THE SAME WAS DISMISSED BY THE TRIBUNAL IN ITA NO. 29/CTK/2012, ORDER DATED 2.4.2012 AND IN THE PRESENT APPEAL LD. AR RELIED ON THE ORDER OF CIT(A). 8 . WE HAVE HEARD THE RIVAL SUBMISSIONS AND PERUSED THE MATERIAL ON RECORD. THE CONTENTION OF L D. DR ITA NO. 304 /CTK/201 5 6 THAT THE ASSESSEE HAS PROVIDED INTEREST FREE LOANS TO ITS SISTER CONCERNS AND WHEREAS PAYING INTEREST TO THE BANK ON SECURED LOANS WHICH IS NOT A PRUDENT COMMERCIAL PRINCIP LE . LD. DR EMPHASISED THAT THE CIT(A) ERRED IN DELETING THE ADDITION WITHOUT CONSI DERING THE FACT THAT THE ASSESSEE HAS SUBSTANTIA L LOAN FUNDS. WE FIND THE LD. AR GAVE DETAILED EXPLANATION S ON THE TRANSFER OF FUNDS FROM THE PROPRIETARY CONCERN TO THE COMPANY ON BUSINESS - REORGANISATION . FURTHER THE LD. AR EMPHASISED THAT DURING THE CU RRENT FINANCIAL YEAR THERE IS NO LOAN TRANSACTION AND THE ENTIRE LOAN WAS PROVIDED IN THE ASSESSMENT YEAR 2008 - 09. THE L D. AR SUBMITTED HIS ARGUMENTS BY FILING PAPER BOOK AND DREW ATTENTION TO PAGE 5 OF THE PAPER BOOK WHERE THE COORDINATE BENCH OF TRIBUNAL DEALT ON THE SIMILAR ISSUE IN ITA NO.29/CTK/2012 FOR THE ASSESSMENT YEAR 2008 - 2009, IN ORDER DATED 02.04.2012 AND DISMISSED THE APPEAL OF REVENUE AND OBSERVED AT PARA 10 WHICH READS AS UNDER : - 10. THEREAFTER THE LEARNED CIT(A) HAS CONSIDERED THE ADDITIO N MADE BY THE ASSESSING OFFICER OF RS.13,69,507/ - ON ACCOUNT OF PROPORTIONATE INTEREST OUT OF THE TOTAL INTEREST CLAIM OF RS.4,48,06,271/ - . THE ASSESSING OFFICER HAS OBSERVED IN THE ASSESSMENT ORDER THAT THE ASSESSEE HAS ADVANCED A SUM OF RS.13,11,20,994 T O AYUSH HOSPTIAL AS INTEREST FREE LOAN WHEREAS THE LOAN TAKEN BY THE ASSESSEE OF RS.65,55,56,926/ - FROM ,BANKS AND OTHER PARTIES GIVING INTEREST. THE ASSESSEE HAS CLAIMED INTEREST OF RS.4,48,06,271/ - AND DEBITED THE SAME TO THE P&L ACCOUNT. NOT HAVING BEEN SATISFIED WITH THE EXPLANATION GIVEN BY THE ASSESSEE, THE ASSESSING OFFICER HAD DISALLOWED THE PROPORTIONATE INTEREST OF RS.13,69,507 OUT OF INTEREST CLAIM OF RS.4,48,06,2741/ - . ON CAREFUL CONSIDERATION OF THE MATERIAL MADE AVAILABLE IN THE ASSESSMENT REC ORD AND BOOKS OF ACCOUNT PRODUCED BY THE ASSESSEE, THE LEARNED CIT9A0 LHAS FOUND THAT THE ASSESSEE HAS GIVEN LOAN OF RS.2.00 CROES TO AYUSH HOSPITAL AND NOT RS.13,11,20,944 AS CLAIMED BY THE ASSESSING OFFICER. THE ASSESSEE HAS GIVEN EXPLANATION TO THE ASSE SSING OFFICER DURING THE ASSESSMENT PROCEEDINGS THAT THIS LOAN WAS GIVEN BY THE ASSESSEE OUT OF ITS OWN FUNDS. THE OPENING CAPITAL OF THE ASSESSEE AT THE BE4GINNING OF THE YEAR WAS RS.1,20,50,128 AND DURING THE YEAR THE ASSESSEE HAS ITA NO. 304 /CTK/201 5 7 EARNED PROFIT OF RS.6,0 6,67,902. THE ADVANCE WAS PAID IN DECEMBER, 2007 AND FEBRUARY, 2008 WHICH ARE TOWARDS THE END OF THE PREVIOUS YEAR BY WHICH TIME THE ASSESSEE HAS GENERATED ITS INCOME AND ADVANCE HAS BEEN GIVEN FROM WON FUNDS AND NOT FROM BORROWED FUNDS AS ALLEGED BY THE A SSESSING OFFICER. IT IS FURTHER NOTICED BY THE LEARNED CIT(A) THAT THE ASSESSEE HAS PAID THIS LOAN FROM ITS CASH CREDIT ACCOUNT AND THE ENTIRE PROFITS OF THE ASSESSEE AMOUNTING TO RS.6,06,67,902 WAS DEPOSITED IN THE CASH CREDIT ACCOUNT. FROM THIS ACCOUNT, THE AMOUNT OF ADVANCE OF RS.2 CRORES WAS PAID TO AYUSH HOSPITAL, THEREFORE, THE ASSESSEE HAS ESTABLISHED THAT THE LOAN WAS ADVANCED FROM OWN FUNDS AND NOT FROM BORROWED FUNDS MADE FROM OUTSIDE. AFTER DETAILS CONSIDERATION OF THE JUDICIAL PRONOUNCEMENTS ON THIS ISSUE, THE LEARNED CIT(A) HAS DIRECTED DELETION OF THE ADDITION OF RS.13,69,507 MADE BY THE ASSESSING OFFICER. WE RESPECTFULLY FOLLOW THE JUDICIAL PRECEDEN CE AND IN THE EARLIER ASSESSMENT YEAR ALSO THE CIT(A) HAS DEALT ON THE DISPUTED ISSUE AND DELETED TH E ADDITION. ACCORDINGLY, IN THE PRESENT APPEAL WE ARE NOT INCLINED TO INTERFERE WITH THE ORDER OF CIT(A) WHO HAS DELETED THE ADDITION, WE UPHELD THE SAME AND DISMISS THE GROUND OF APPEAL OF REVENUE. 9. ON THE SECOND DISPUTED ISSUE WITH RESPECT TO PAYMENTS MADE IN RESPECT OF CARRIAGE INWARDS, LD. DR SUBMITTED THAT THE ASSESSEE HAS MADE CASH PAYMENTS AND CIT(A) HAS ERRED IN DELETING THE ADDITION, WHEREAS LD. AR DREW OUR ATTENTION TO THE PAGE 19 OF THE PAPER BOOK WHERE THE PAYMENTS MADE TO THE TRANSPORTERS THR OUGH BANK TRANSACTIONS AND THE L D. AR EMPHASISED ON THE ACCOUNT COPY OF TRANSACTION , WHEREIN NO CASH TRANSACTION IS REFLECTED AND SUPPORTED THE CIT(A) ORDER . THE L D. DR COULD NOT CONTROVERT THE EXPLANATION S OF THE LD. AR WITH ANY COGENT MATERIAL EXCEPT REL YING ON THE ORDER OF AO. CONSIDERING THE APPARENT FACTS AND MATERIAL ON RECORD, WE ARE OF THE OPINION THAT THE LD. CIT(A) HAS TAKEN A REASONED DECISION IN DELETING THE ADDITION AND ACCORDINGLY, WE ARE NOT ITA NO. 304 /CTK/201 5 8 INCLINED TO INTERFERE WITH THE OR DER OF CIT(A) AND DISMISS THE GROUND OF APPEAL OF REVENUE. 10. THE LAST GROUND RAISED BY THE REVENUE WITH RESPECT TO DONATION MADE TO VARIOUS AGENCIES. LD. A R SUBMITTED THAT THE ASSESSEE COMPANY HAS MADE DONATION S TO THE VARIOUS PARTIES WHICH ARE NECESSARY TO MAINTAIN SOCIAL RELATIONSHIPS AND WORK ENVIRONMENT AND ARE IN THE NATURE OF PUJA EXPENSES AND RELIED ON ORDER OF CIT(A) , WHEREAS LD. D R SUBMITTED THAT THESE EXPENSES HAVE NO DIRECT NEXUS WITH ASSESSEE BUSINESS ACTIVITIES . WE FIND MOST OF THE DONATIONS ARE IN THE NATURE OF PUJA EXPENSES, THEREFORE, CONSIDERING THE BUSINESS TURNOVER OF THE ASSESSEE AND THE INDIRECT NEXUS WITH THE ASSESSEES BUSINESS, WE ARE NOT INCLINED TO INTERFERE WITH THE ORDER OF CIT(A) AND UPHELD THE SAME AND DISMISS THE GROUND OF AP PEAL OF REVENUE 11 . IN THE RESULT, APPEAL OF THE REVENUE IS DISMISSED. O RDER PRONOUNCED IN THE OPEN COURT ON THIS 22/09 / 201 7 . SD/ - ( N. S. SAINI ) SD/ - ( PA V AN KUMAR GADALE ) / ACCOUNTANT MEMBER / JUDI CIAL MEMBER CUTTACK ; DATED 22/09 /201 7 . . / PKM , SENIOR PRIVATE SECRETARY / COPY OF THE ORDER FORWARDED TO : / BY ORDER, ( SENIOR PRIVATE SECRETARY ) , / ITAT, CUTTACK 1. / THE APPELLANT - DCIT, CORPORATE CIRCLE - 1(2), BHUBANESWAR 2. / THE RESPONDENT - ORISSA ORDER SUPPLIERS PRIVATE LIMITED, C - 112, BARMUNDA HOUSING BOARD COLONY, BHUBANESWAR 3. ( ) / THE CIT(A), 4. / CIT 5. , , / DR, ITAT, CUTTACK 6. / GUARD FILE. //TRUE COPY//