ACIT CIRCLE-61(1), New Delhi V. Remfry & Sagar, New Delhi

ITA 3115/DEL/2019

• Counselvise Citation: [2022] 104 COUNSELVISE.COM (IT) 1436 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 6 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-10-2022
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: F
• Next Hearing Date: 22-08-2022
• Assessment Year: 2015-2016
• Appeal Filed On: 09-04-2019
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Keywords: Capital asset; Gift; Business expenditure; Retrospective amendment; Avoidance of tax; Revenue expenditure; Set aside
• Section: 37

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH : F : NEW DELHI BEFORE SHRI C.M. GARG, JUDICIAL MEMBER AND SHRI PRADIP KUMAR KEDIA, ACCOUNTANT MEMBER ITA No.3115/Del/2019 Assessment Year: 2015-16 ACIT, Circle-61(1), New Delhi. Vs. Remfry & Sagar, 8, Raya Business Centre, Nangal Raya, New Delhi. PAN: AAEFR6753P (Appellant) (Respondent) Assessee by : Shri KVSR Krishna, Advocate Revenue by : Shri Anil Kumar Sharma, Sr. DR Date of Hearing : 23.08.2022 Date of Pronouncement : 10.10.2022 ORDER PER C.M. GARG, JM: This appeal filed by the assessee is directed against the order dated 29.01.2019 of the CIT(A)-20, New Delhi, relating to Assessment Year 2015-16. 2. The grounds of appeal raised by the Revenue read as under:- “(1) On the facts and in the circumstances of the case and in law, the Ld. CIT(A) has erred in deleting the addition made on account of disallowance of license fee of Rs.37,16,87,188/- paid to Remfry & Sagar Consultants Pvt. Ltd. (RSCPL) by ignoring the fact that the assessee being law firm was using goodwill of RSCPL being a company prohibited from practicing law in India as per the Advocates Act, 1961 and Bar Council rule. ITA No.3115/Del/2019 2 (2) On the facts and in the circumstances of the case and in law, the Ld. CIT(A) has erred in deleting the addition made on account of disallowance of license fee of Rs.37,16,87,188/- paid to Remfry & Sagar Consultants Pvt. Ltd. (RSCPL) by ignoring the fact that the value of license fee paid by the assessee has been increasing year after year and no expenditure being incurred by RSCPL towards improvement, development or protection of the said goodwill. (3) On the facts and in the circumstances of the case and in law, the Ld. CIT(A) has erred in deleting the addition made on account of disallowance of Rs. 10,31,761/- out of travelling and entertainment expense by ignoring the fact that personal element in respect of these expenses cannot be ruled out considering the nature of expenses. 4) The appellant craves leave to add, to alter or amend any ground of appeal raised above at the time of hearing.” Ground No.1 and 2 of the Revenue 3. The ld. Sr. DR submitted that in the facts and circumstances of the case, the ld.CIT(A) has erred in deleting the addition made on account of disallowance of licence fee paid to Remfry & Sagar Consultants Pvt. Ltd. (RSCPL) by ignoring the fact that the assessee being a law firm was using the goodwill of RSCPL being a company prohibited from arguing law in India as per the Advocates Act, 1961 and Bar Council of India Rule. The ld. Sr. DR also submitted that the impugned licence fee paid to RSCPL has been deleted by the learned first appellate authority by ignoring the fact that the value of licence fee paid by the assessee has been increasing year after year and no expenditure being incurred by RSCPL towards improvement, development or protection of the goodwill. The ld. Sr. DR prayed that the impugned appellate order may kindly be set aside by restoring that of the AO. ITA No.3115/Del/2019 3 4. Replying to the above, the ld. Counsel of the assessee submitted that similar issue on identical facts and circumstances was picked up by the Revenue authorities which was decided by the ITAT ‘F’ Bench by order dated 06.09.2016 for AYs 2003-04 to 2010-11. He also referred to the findings in the said Tribunal order from para 8 to 8.21 and submitted that except quantum other facts and circumstances are similar and identical. Therefore, the issue is covered in favour of the assessee by the order of the Tribunal in assessee’s own cses from AYs 2003-04 to 2010-11. The ld. Counsel also submitted that the said order dated 06.09.2016 (supra) has been followed by the Tribunal for the subsequent assessment year 2011-12 vide order dated 26.07.2019 for AY; for AY 2013-14 vide order dated 21.01.2021; and lastly for AY 2014-15 vide order dated 22.09.2021 wherein the appeal of the Revenue has been dismissed by observing that the issue has already been decided by the Tribunal. 5. On careful consideration of above submissions, we are of the considered view that the ld. Sr. DR, except supporting the assessment order, has not controverted the factual matrix that the similar issue on identical facts and circumstances arose for the first time in AY 2003-04 and the ITAT Delhi ‘F’ Bench, has decided the issue by order dated 06.09.2016 for AYs 2003-04 to 2010-11 in favour of the assessee with the following observations and findings:- “8. We have heard both the parties at length. We have considered the written submission, the papers on record as well as the case laws cited by both parties. On a careful consideration of the same we hold as follows: ITA No.3115/Del/2019 4 8.1. Before we adjudicate the issue as to whether the disallowance of license fee paid by the assessee to RSCPL for license to practice as ‘Remfry & Sagar’ and for use of the said name, trade mark and goodwill by the A.O is to be upheld or not, for the purpose of the ready reference we recapitulate the facts of the case as below: Facts Year 1827: A sole proprietorship firm was established as “Grant and Remfry”, by a British immigrant, Mr. Henry Oliver Remfry, which was subsequently converted into partnership firm and operated by five generations of Remfry family, until the year 1957. Year 1957: Mr. Hollaway, Mrs. Silverstone, Mr. Bernier and Mr. Burrington joined ‘Remfry & Son’ (the name of the partnership firm at that time) as partners. Year 1970: Mr. Bernier and Mr. Burrington retired. Mr. Holloway, Mr. Silverstone and Mrs. Remfry entered into a fresh deed of partnership. As per the partnership deed, Mr. Holloway and Mrs. Silverstone were entitled and empowered to sell all or any of the assets of the partnership firm, including the name and goodwill of the business. Year 1973: Mr. Holloway and Mrs. Silverstone transferred absolutely, the business with all assets including name and goodwill thereof, vesting in ‘Remfry & Son’ for valuable consideration, to Dr. V. Sagar, with effect from April 1, 1973. Year 1990: Dr. V. Sagar merged his own sole-proprietorship practice in the name of ‘Sagar & Co.’ into ‘Remfry & Son’, and changed the name of the proprietorship to ‘Remfry & Sagar’. Year 2001: (i) By a Deed of Gift executed on June 1, 2001, Dr. V. Sagar gifted the good will vesting in ‘Remfry & Sagar’ to a private limited company, viz., Remfry & Sagar Consultants Private Limited (‘RSCPL’), wherein substantial shareholding was held by Dr. Sagar’s children, viz., Ms. Rosemary Sagar and Mr. Hemant Sagar, who were not lawyers. At the time of the said transfer, goodwill was valued at Rs.45 crores on which stamp duty of Rs. 90 lakhs was paid by Dr. V. Sagar. ITA No.3115/Del/2019 5 (ii) On June 5, 2001, Dr. V. Sagar entered into partnership with Mr. R. Sampath, Mrs. Ashwin Julka, Mr. Ramit Nagpal and Mr. Prem Sewak to continue the said practice of law. (iii) By an agreement dated June 5, 2001 RSCPL granted a License for the use of Goodwill in ‘Remfry & Sagar’ to the appellant firm for a period of 5 years subject to payment of license fees @ 25% of the amount of bills raised. Latter this was raised to 28% of the bills raised on reneual of agreement after 5 years. (iv) In addition to the above, RSCPL and the appellant firm entered into an agreement dated June 5, 2001, for use of infrastructure and provision of secretarial, accounting and other supporting services. Feb 2011: Demise of Dr. V. Sagar In pursuance of the aforesaid license agreement dated June _5, 2001 entered into between the appellant and RSCPL, the _appellant paid license fee for use of goodwill to RSCPL w.e.f. _assessment year 2002-03, which continues till date, even _after the demise of Dr. V. Sagar. 8.2. M/s ‘Remfry & Sons’, was carrying on a business of patent agents. Vide terms of the deed of partnership dated 6 th April 1970, 50% of the goodwill of the business belonged to the partner Mrs. Holloway and other 50% to Mrs. Silver Stone. Both of them held 50% of all the other capital assets and properties of the firm. Though Mrs. Remfry was having a share in the net profits of the partnership, she had no ownership rights in the goodwill of this firm. This demonstrates that the name and goodwill of the business ‘Remfry & Sons’ is distinct and seperate from the other assets of the partnership firm and that it vested only in two partners of the firm and not the firm. This is clear from reading of Clause 2 & 3 of the said partnership deed. 8.3. On the fourth day of April 1973, Mr. Vidya Sagar purchased by way of sale, from Mr. Holloway and Mrs. Silver Stone, the business carried on under the name and style of ‘Remfry & Sons’ along with all its assets including capital asset as on 31 st March 1973 and the name and goodwill thereof which was referred to as “the said business” in that agreement for a total consideration of Rs. 3 lacs. Thus when Dr.V.Sagar purchased the Goodwill along with other assets, this Goodwill was of business and not of any profession of law. ITA No.3115/Del/2019 6 8.4. Thus, Dr. Sagar become an absolute owner of the business carried on in the name and style of “Remfry and Sons” which is in the business of trade mark and patent agent. 8.5. On 1 st June, 1990, Dr. V. Sagar merged his legal practice in the name of “Sagar & Co.” with the business of trade mark and patent agents carried on in the name and style of ‘Remfry & Sons’ and changed the name of the proprietorship into ‘Remfry and Sagar’. Dr. V. Sagar was carrying practice and profession of “Attorneys-at-Law” with specialization in the areas of intellectual Property Law and Corporate Law under the name and style of ‘Remfry & Sagar’, in New Delhi and Mumbai. The goodwill in the name of ‘Remfry & Sagar’ and all the rights associated thereof (including intellectual property rights) belong exclusively to Dr. V. Sagar. Dr. V. Sagar by way of a gift deed executed on the day of 1 st June 2001, granted conveyed and transferred by way of gift to RSCPL the said goodwill in the name of ‘Remfry & Sagar’ and all the rights associated therewith(hereinafter referred collectively referred to as “goodwill”). Dr. V. Sagar also sold and transferred to RSCPL, the infrastructure associated with his practice. 8.6. From the above, it is clear that from 1 st June 1990 to 31 st May 2001, Dr. V. Sagar was only carrying on the practice and profession of Attorney-At-law, which included the business of “Remfry and Sons” acquired by him. In other words, prior to 1 st June, 1990, the Goodwill of “Remfry and Sons” was goodwill of business and not of advocacy profession, but thereafter there is a merger of the profession of law and the business of trade mark and patent. Agents and this was carried on as a profession of law. 8.7. Vide Partnership dated 5 th June 2001 between Dr. V. Sagar and four other partners it was agreed to carry on the practice and profession of Attorney-At-Law with the specialization in the area of Intellectual Property Law and Corporate Law with the object of carrying on, without break and in continuity, the practice, hither to carried on by Dr. V. Sagar. The four other partners were earlier associated with the practice of Dr. V. Sagar, in their individual capacities for number of years and have acquired expertise in this field of the profession. We notice that the partnership deed dated 5 th June 2001 is under the name and style of “Remfry & Sagar” and this partnership deed has come into force on 1 st June 2001. Thus what is licensed by RSCPL to the assesse firm is Goodwill and its associated ITA No.3115/Del/2019 7 rights to practice as “Attorneys-at-law and not to do business of trademark and Patent Agents. 8.8. Vide agreement dated 5 th June 2001, RSCPL permitted to use of “goodwill” to the partnership and permitted them to use the name of ‘Remfry & Sagar’ with retrospective effect i.e. 1 st June 2001. While Clause No. 16.1 of this agreement, the license fee in question is to be paid in pursuance to this agreement. 8.9. It is clear that Dr. V. Sagar has arranged his affairs in such a way that the goodwill earned by him over the years is enjoyed by his children who are his legal heirs. All the documentation shows that this is a very well thought out strategy by Dr.V.Sagar to retain his hard earned as well as purchased goodwill and to use it for his future generations, irrespective of the fact whether they were in the practice of law. Such well considered and thought out arrangements cannot be said to be colourful devices. These are transparent and legally documented arrangements. 8.10. The issue for consideration is whether such an arrangement is permissible in law. The pith and substance of the argument of the revenue is that such segregation of goodwill from the legal practice cannot be permitted. It is further argued that under the Advocates Act, 1961, the goodwill earned by an advocate cannot be alienated to any person or company which is not entitled to practice under the Advocates Act, 1961. 8.11. At the same time, the revenue concedes that the legal heirs of the advocates would be entitled to the benefit of the goodwill earned and created by the legal practitioner. It was submitted that the legal heirs may be entitled to consideration for the goodwill on behalf of the deceased father but they cannot be regarded as the lawful owners of the goodwill or having the rights of owning the goodwill or to license the same. In our view, we find a contradiction in these submissions. When it contended that the legal heirs of a practitioner are entitled to receive consideration for goodwill on behalf of the deceased parent, it would be difficult to hold that, the goodwill cannot be separated from the legal practice and the fruits of such goodwill cannot be enjoyed by the legal heirs of the legal practitioner or that it can be enjoyed by the legal heirs only in a particular manner. ITA No.3115/Del/2019 8 8.12. Be it as it may, the submission of the assessee that goodwill is a separate intangible asset which can be alienated and that which cannot be attached to a firm and that it can be vested in one or more partner of the firm, in exclusion of others, is well settled. The assessee partnership firm formed for carrying a profession and practice of Dr. V. Sagar under the name and style of ‘Remfry & Sagar’ could not have carried out the profession as it is doing run by using the goodwill and name of “Remfry & Sagar” unless specifically authorized to do so by the owner of the goodwill. As rightly pointed out by the Ld. Counsel for the assessee that in the present day professional practice and professional firms across the globe are in the names of the original founders, though they are no longer part of the practice. This name and goodwill helps in the practice. The partnership was formed to continue the law practice of Dr. V. Sagar and this could be done only if the assessee firm is permitted to do so by the owner of the goodwill. 8.13. The submission of the Ld. Special counsel for the revenue that goodwill of a profession cannot be segregated from the persona of the person is against the propositions of law laid down by the Hon'ble Supreme Court in the case of Devi Das Mittal Daas Vithaldas & Co. VS. CIT Bombay City (supra). The constitutional bench of the Hon'ble Supreme Court consisting of four findings was considering a case of chartered accountant who was carrying on his profession in the name of Devi Dass & Co. Vide partnership dated 31 January 1948, wherein he retained/reserved the right of goodwill of the profession carried on by him earlier in sole proprietorship. On 2 nd June 1951, he retired from the said partnership. The goodwill in the partnership was sold to the other partner and the consideration was to be paid to the Chartered Accountant at the certain rate and after his death to his wife and thereafter his son were to paid annual consideration. The question before the Hon’ble Court was whether such the amounts paid to the wife and thereof to the son is allowable deduction or not under the Income tax Act. 8.14. The Larger Bench consisting of four Judges of Hon’ble Supreme Court in the case of Devidas Vithaldas & Co. Vs. CIT, Bombay, reported in 84 ITR 277 (S.C.), held as follows. “Held, by Shelat, Khanna andMitter JJ (SDhri CJ dissenting), reversing the decision of the High Court, that the transaction under the deed of dissolution was a licence and not a sale of the goodwill and the payments were in the nature of royalty and had to be treated as admissible deductions; because (i) though clause 2 of the deed of ITA No.3115/Del/2019 9 dissolution used expressions such as ‘agreed to sell’ and ‘the purchase price of the goodwill’, these expressions were not determinative of the exact nature of the transaction; (ii) neither clause 2 nor any other provision in the deed fixed any lump sum as price in respect of which annual payments were provided; (iii) the duration of payment was indefinite and the amount was indefinite and depended upon the rise and fall in the profits of the business, (iv) clause 6 indicated that the payments were to be made so long as the business was carried on in the name of D.V.&Co. And not otherwise; and (v) the document was silent as to what was to happen to the goodwill if A or his partners were to cease to carry on business in that name or at all.” Justice S.M. Sikri C.J, has written a dissenting judgment, the pith and substance of which is that the entire arrangement was made for evasion of taxes. He held as follows: “ In my view, it is a very ingenious attempt to avoid payment of tax by making it appear somehow that the payment of purchase money may be treated as payment of a royalty. In the view I take of the deed, it is not necessary to discuss the numerous cases referred to by Shlat J. In my opinion, the High Court came to the correct conclusion and the appeals should be dismissed with costs.” 8.15. In the case of hand, this is exactly the case of the Revenue. The majority of the three Judges of Hon’ble Supreme Court did not agree with the minority view and have decided the issue in favour of the assessee. 8.16. Applying the propositions laid down in this case law to the facts of the case, we have to necessarily hold, that the argument of Revenue that the arrangement was for avoidance of tax and diversion of profits and hence the deduction was rightly denied by the Assessing Officer, has to be rejected. Even otherwise, it has been demonstrated by the assessee that the Revenue has accepted that both the entities i.e. the assessee as well as RSCPL, pay taxes, at the maximum rate and that there is no loss of Revenue on account of this arrangement. The taxes due to the Government have not been avoided or evaded by this arrangement. Thus the disallowance made on the ground of diversion of profits is devoid of merit. 8.17. Though the Ld. Special Counsel for the Revenue argued that good will of a profession cannot be sold to a company which does not have a right to carry on practice, no specific law or section was brought to the notice of the Bench in support of the argument. Only ITA No.3115/Del/2019 10 several submissions have been made. Certain judgements of Foreign Courts were cited, which were based on “ethical considerations” and not legal prohibition. In any event, the ITAT has no power or authority to adjudicate the issue as to whether, the gift of goodwill by Dr.V.Sagar of his profession of law, to a company is violating the Advocates Act, 1961 or the Bar Council Rules. No authority has held that this arrangement violates any Act or law of the land, though the assessee firm has been carrying on its profession of Attorneys at law under this arrangement for the last many years. 8.18. Another important fact that has to be considered is that, Dr. V. Sagar had the sole and exclusive rights to the said goodwill. The goodwill was held by him. Without legal authorization from him, the assessee firm could not use the name and style of “Remfry & Sagar” along with its goodwill and other assets and rights. The assessee firm had to seek permissions and licences to coneinue and carry on this profession under this name as it is run doing. Hence obtaining a license is a must for assessee firm to continue and carry on its profession as the goodwill is not owned by it the payment made in pursuance of an agreement which enables the assessee firm to carry on its profesions, in the manner in which it is now doing, is definitely an expenditure laid down wholly and exclusively for the purpose of business or profession. The argument of the Ld. Special Council that the purpose test contemplated u/s 37 of the Act is not satisfied is devoid of merit. Irrespective of whether the gift of Dr. V.Sagar to RSCPL being ethical or not and irrespective of the fact whether the gift is legally valid or not, from the view point of the assessee firm, as it could not have continued and carried on the profession of Attorneys-at-Law in the name of “Remfry & Sagar” and use its goodwill and all its associated rights without the impugned agreement with RSCPL. Hence the payment has to be held as that which is incurred wholly and exclusively for the purpose of business or profession. 8.19. The contention of the Special Council for the Revenue that the arrangement is just a revenue shown arrangement is just an inference and is not supported by any material. Thus the argument of violation of Bar Council Rules is devoid of merit. 8.20. For all these reasons we are of the considered opinion that the deduction claimed by the assessee of license fee paid to M/s RSCPL has to be allowed as a deduction U/s 37 of the Act. ITA No.3115/Del/2019 11 8.21. For the Assessment Year 2008-09, Ground No. 2 of the Revenue’s appeal is that, the Ld. CIT(A) erred in deleting the addition of Rs.6,17,832/- added by the A.O on account of personal nature, entertainment expenses. 8.22. The CIT(A) dealt with this issue which was raised as Ground No. 11 by the assessee. At page 58 the CIT(A) has recorded the facts and at page 60 allowed the ground of the assessee by observing that, the expenditure was incurred on the occasion of 180 th years celebration and only 1/10th of the same was claimed in this year and no disallowance was made in any of the year on this count. We find no infirmity in the same. Thus, we dismiss these grounds of the assessee. 8.23. For the Assessment Year 2010-11 the assessee has raised Ground No. 4 & 5 which is against sustenance of disallowance of Rs.10,20,346/- being 5% of travelling and entertainment expenses and a further addition of Rs.3,41,102/- representing the stale cheques issued by the assessee but not cleared. Both these grounds were dismissed and not pressed. 8.24. In ITA No. 3668/Del/2013 & ITA No. 3669/Del/13 for the Assessment Year 2005-06 & 2006-07 respectively , the Revenue raised Ground No. 4 which reads as follows:- “4. Whether on facts and circumstances of the case, the Ld. CIT(A) was correct in deleting the addition made by the AO on account of ssecretarial, accounting & other support services paid to M/s. IPSS (India) Pvt. Ltd. not appreciating the fact that M/s. IPSS (India) Pvt. Ltd. was a related company and the payment was made in excess of agreed ratio as per the agreement entered into by the assessee.” 8.25. After perusing the findings of the CIT(A) on this issue, we uphold the same as Ld. Departmental Representative could not controvert the factual finding. The CIT(A) at page 56 has recorded that the addition was made by the A.O on the ground that, this is not authorized by the partnership deed. Such ground of the disallowance cannot be sustained. 8.26 In result, these grounds are dismissed.” ITA No.3115/Del/2019 12 6. It is also pertinent to note that the said order of the Tribunal dated 06.09.2016 (supra) has been followed by the Tribunal while adjudicating the appeals of the Revenue for the subsequent AYs 2011-12, 2013-14 and 2014-15. 7. Thus, respectfully following the aforesaid precedence, we hold that the said deduction claimed by the assessee on account of licence fee paid to M/s Remfry & Sagar Consultants Pvt. Ltd., is allowable as revenue expenditure u/s 37 of the Act. Consequently, grounds No.1 and 2 of the Revenue being devoid of merits are dismissed. Ground No.3 of the Revenue 8. The ld. Sr. DR submitted that the ld.CIT(A) has grossly erred in deleting the addition made on account of disallowance of Rs.10,37,761/- out of travelling and entertainment expenses by ignoring the fact that the personal use element in respect of these expenses cannot be ruled out considering the nature of expenses. Therefore, the ld. Sr. DR prayed that the impugned first appellate order may kindly be set aside by restoring that of the AO. 9. Replying to the above, the ld. Counsel of the assessee again drew our attention to the order of the ITAT ‘F’ Bench dated 22.09.2021 vide ITA No.4955/Del/2018 for AY 2014-15 and submitted that similar ground was agitated by the Revenue against the deletion of addition by the CIT(A) for AY 2014-15 and the Tribunal adjudicated the issue in favour of the assessee ITA No.3115/Del/2019 13 confirming the first appellate order and dismissing the ground of the Revenue. The ld. Counsel vehemently pointed out that despite there being decisions of the Tribunal on similar issues in favour of the assessee, the Revenue is continuously harping and agitating identical issue repeatedly which should not be appreciated. 10. On careful consideration of the above rival submissions and from perusal of the relevant para 11 to 14 of the order of the Tribunal dated 22.09.2021, it is vivid that similar addition was made by the AO for AY 2014-15 and the ld.CIT(A) deleted the same. In the appeal filed by the Revenue, the coordinate Bench of the Tribunal decided the issue in favour of the assessee by holding that none of the expenditures claimed by the assessee as business expenditure can be disallowed merely on the surmises. The Tribunal also noted that the ld.CIT(A) deleted the impugned addition by following the earlier order of the Tribunal, allowing the identical expenditure and when the AO has not disputed the books of account qua the expenditure claimed by the assessee in any manner ad hoc disallowance of 10% on foreign travel expenses is not sustainable in the eyes of law. With these observations, the Tribunal dismissed the appeal for AY 2014- 15. On being asked by the Bench, the ld. Sr.DR could not show us any different fact and circumstances which may lead us to take a different or deviated view from view taken in the earlier order of the Tribunal dated 22.09.2021. Therefore, respectfully following the earlier orders of the Tribunal on the identical issue in assessee’s own cases including the order of the Tribunal for ITA No.3115/Del/2019 14 AY 2014-15 dated 22.09.2021, the ground No.3 of the Revenue being devoid of merits is also dismissed. 11. In the result, the appeal filed by the Revenue is dismissed. Order pronounced in the open court on 10.10.2022. Sd/- Sd/- (PRADIP KUMAR KEDIA) (C.M. GARG) ACCOUNTANT MEMBER JUDICIAL MEMBER Dated: 10 th October, 2022. dk Copy forwarded to : 1. Appellant 2. Respondent 3. CIT 4. CIT(A) 5. DR Asstt. Registrar, ITAT, New Delhi