Phoenix Converyor belt India Private Limited (Formerly Known as Phoenix Yule Limited ), Kolkata V. ACIT Cir - 11,kolkata., Kolkata

ITA 32/KOL/2013

• Counselvise Citation: [2017] 127 COUNSELVISE.COM (IT) 1239 (ITAT-KOLKATA)
• Duration Of Justice: 4 year(s) 9 month(s) 14 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 18-10-2017
• Appeal Filed By: Assessee
• Order Result: Partly Allowed
• Bench Allotted: C
• Next Hearing Date: 16-05-2017
• Assessment Year: 2003-2004
• Appeal Filed On: 04-01-2013
• Result in Favour of: Partly Allowed
• Court: TRIBUNAL
• Department Lawyers: P B PRAMANIK ADDITIONAL
• Assessee Lawyers: J P KHAITAN
• Section: 143(3); 80G

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA C BENCH, KOLKATA [BEFORE SRI J. SUDHAKAR REDDY, A CCOUNTANT M EMBER & SRI S.S. VISWANETHRA RAVI , J UDICIAL M EMBER ] I .T.A. NO. 32 /KOL /201 3 ASSESSMENT YEAR: 20 0 3 - 04 PHOENIX CONVEYOR BELT INDIA PRIVATE LIMITED .. .. APPELLANT (FORMERLY KNOWN AS PHOENIX YULE LIMITED) IDEAL PLAZA, 4 TH FLOOR 11/1, SARAT BOSE ROAD KOLKATA 700020 [PAN : AABCP 5595 ] ADDITIONAL COMMISSIONER OF INCOME TAX, CIRCLE - 11 . . RESPONDENT ADDITIONAL COMMISSIONER OF INCOME TAX, CIRCLE - 11 KOLKATA APPEARANCES BY: SHRI J.P. KHAITAN , AR , APPEAR ED ON BEHALF OF THE ASSESSEE. SHRI P.B. PRAMANIK , ADDITIONAL, CIT, SR. DR , APPEARING ON BEHALF OF THE REVENUE. DATE OF CONCLUDING THE HEARING : AUGUST 07 , 2017 DATE OF PRONOUNCING THE ORDER : OCTOBER 18 , 2017 O R D E R PER J. SUDHAKAR REDDY : - THIS APPEAL FILED BY THE ASSESSEE IS DIRECTED AGAINST THE ORDER OF THE LD. COMMISSIONER OF INCOME TAX (APPEALS) - XXIV, (HEREINAFTER THE LD. CIT(A)), PASSED U/S 250 OF THE , DT. 19 / 10 /201 2 , FOR THE ASSESSMENT YEAR 20 0 3 - 04, ON THE FOLLOWING GROUNDS: - 1. THAT ON THE FACTS AND IN THE CIRCUMSTANCES OF THE CASE AND IN LAW, THE LEARNED CIT (APPEALS) ERRED IN CONCURRING WITH ACTION OF ASSESSING OFFICER IN NO T ALLOWING DEDUCTION OF RS.56,71,610/ - ON ACCOUNT OF SALES TAX REFUNDABLE. 2 I.T.A. NO. 32/KOL/2013 ASSESSMENT YEAR: 2003 - 04 PHOENIX CONVEYOR BELT INDIA PRIVATE LIMITED 2. THAT ON THE FACTS AND IN THE CIRCUMSTANCES OF THE CASE, THE LEARNED CIT(APPEALS) ERRED IN ALLOWING DEDUCTION OF ENTIRE DONATION CLAIMED BY THE APPELLANT UNDER SECTION 80G OF THE ACT. 3. THAT THE APPELLANT CRAVES LEAVE TO ADD TO AND/OR AMEND, ALTER, MODIFY OR RESCIND ANY OF THE GROUNDS HEREINABOVE BEFORE OR AT THE TIME OF HEARING OF THE APPEAL. 2. FACTS IN BRIEF: - THE ASSESSEE IS A JOINT VENTURE COMPANY BETWEEN ANDREW YULE & CO. LTD. (A GOVT. OF INDIA ENTERPRISE) AND PHOENIX AG, GERMANY AND IS ENGAGED IN MANUFACTURING AND SALE OF CONVEYOR BELT, FAN AND VEE BELT DURING THE PREVIOUS YEAR. THE ASSESSEE COMPANY HAS ONLY ONE MANUFACTURING UNIT LOCATE AT GAYESHPUR, KALYANI, DIST. N ADIA (WB), PIN - 741 234. THIS IS ALSO REGISTERED OFFICE OF THE COMPANY. 2. 1. THE SUBMISSIONS OF THE ASSESSEE ARE AS FOLLOWS: - THE FIRST GROUND RELATES TO A SUM OF RS.56,71,610/ - ON ACCOUNT OF SALES TAX REFUND. THE MATERIAL FACTS ARE THAT FOR THE MONTHS OF APRIL AND MAY 2002, THE ASSESSEE COLLECTED FROM ITS CUSTOMERS SALES TAX OFRS.51,71,610 / - AND DEPOSITED IT WITH THE GOVERNMENT. THE AMOUNT COLLECTED FROM THE CUSTOMERS FORMED PART OF THE SALES TURNOVER. THE ASSESSEE WAS ENTITLED TO REMISSION IN RESPECT OF S ALES TAX, INTER ALIA, FOR THE MONTHS OF APRIL AND MAY 2002. AS SUCH, HAVING DEPOSITED THE SAID SUM OF RS.51, 71,610 / - , THE ASSESSEE CLAIMED REFUND THEREOF FROM THE AUTHORITIES. THE SAID CLAIM WAS 3 I.T.A. NO. 32/KOL/2013 ASSESSMENT YEAR: 2003 - 04 PHOENIX CONVEYOR BELT INDIA PRIVATE LIMITED PENDING AS AT THE END OF THE PREVIOUS YEAR. IN NOTE 5 OF THE NOTES ON ACCOUNTS FOR THE PREVIOUS YEAR ENDED MARCH 31, 2003 (PAGE 16 OF THE PAPER BOOK), IT WAS STATED AS FOLLOWS: - '5. THE COMPANY HAS BEEN ALLOWED REMISSION FOR SALES TAX UNDER WEST BENGAL INCENTIVE SCHEME, 1999 FOR A PERIOD OF SIX YEARS WITH EFFECT F ROM 0 / - 04 - 200L. THE COMPANY HAS BEEN APPLIED TO THE DIRECTOR INDUSTRIES FOR EXTENSION OF PERIOD OF REMISSION IN APRIL AND THEREFORE HAS DECIDED TO IMPLEMENT THE SAME WITH EFFECT FROM THIS YEAR ONLY. ACCORDINGLY, PENDING FURTHER ASSESSMENT SALES TAX COLLECT ED DURING THE YEAR HAS BEEN RECOGNIZED AS REVENUE FOR TH E YEAR. THIS INCLUDES RS.517161 0 PERTAINING TO THE PERIOD FOR 1 ST APRIL TO 30TH MAY 2002, WHICH WAS EARLIER DEPOSITED TO SALES TAX AUTHORITIES HAS NOW BEEN CLAIMED BACK IN RESPECT OF THE SAID REMISSION GRANTED TO THE COMPANY.' IN THE COMPUTATION OF INCOME FOR THE ASSESSMENT YEAR 2003 - 04, FROM THE PROFIT AS PER PROFIT AND LO SS ACCOUNT OF RS.4,90,41,579 / - , THE ASSESSEE SOUGHT TO DEDUCT THE SAID SUM OF RS.51,71,610/ - ON ACCOUNT OF PENDING REFUND CLAIM. HOWEVER, BY MISTAKE, INSTEAD OF RS.5171,610/ - , THE AMOUNT WAS TYPED AS RS.56,71,610/ - (COMPUTATION AT PAGE 59 OF THE PAPER BOOK ). IN COURSE OF THE ASSESSMENT PROCEEDINGS, THE ASSESSEE CLARIFIED THE MISTAKE BY ITS LETTER DATE NOVEMBER 23, 2005 TO THE ASSESSING OFFICER VIDE PARAGRAPH 7 (PAGE 56 AND 57 OF THE PAPER BOOK). 2. THE ASSESSING OFFICER AT PAGE 2 OF HI S ORDER DISCUS S ED AND DISALLOWED THE SUM OF RS.5,00,000 / - . HOWEVER, HE STARTED HIS 4 I.T.A. NO. 32/KOL/2013 ASSESSMENT YEAR: 2003 - 04 PHOENIX CONVEYOR BELT INDIA PRIVATE LIMITED COMPUTATION NOT WITH THE INCOME AS PER THE ASSESSEE'S COMPUTATION (WHICH WAS RS.3,88, 72 ,979/ - ) BUT WITH THE PROFIT AS PER PROFIT AND LOSS ACCOUNT OF RS.4,90,41 ,579/ - (PAGE 4 OF THE ASSESSMENT ORD ER). IF THE ASSESSING OFFICER HAD STARTED WITH THE ASSESSEE'S FIGURE OF RS.3,88,72,979/ - , ADDITION OF RS.5,00,000 / - WOULD HAVE BEEN IN ORDER. HOWEVER, THE ASSESSING OFFICER ADDED THE SAID SUM OF RS.5,00,000 / - TO THE PROFIT AS PER PROFIT AND LOSS ACCOUNT. 3. THE COMMISSIONER OF INCOME TAX (APPEALS) VIDE PARAGRAPH 3.3 (PAGE 6 OF THE APPELLATE ORDER) DISMISSED THE ASSESSEE'S APPEAL. HE REFERRED TO THE JUDGMENT OF THE HON'BLE SUPREME COURT IN CIT V THIRUMALAISWAMY NAIDU & SONS, (1998) 230 ITR 534 (SC) FOR THE PROPOSITION THAT REFUND OF SALES TAX WAS A RECEIPT ON REVENUE ACCOUNT AND HAD TO BE ASSESSED AS SUCH. HE HELD THAT THE REFUND OF RS.51,71,610/ - HAD ACCRUED TO THE ASSESSEE ACCORDING TO THE MERCANTILE SYSTEM OF ACCOUNTING AND THE ASSESSEE WAS NOT ENTITLED T O ANY REDUCTION. 4. THE SUBSEQUENT FACTS ARE THAT DURING THE PREVIOUS YEAR RELEVANT TO THE ASSESSMENT YEAR 2007 - 08, THE ASSESSEE RECEIVED AN ORDER PASSED BY THE SALES TAX AUTHORITY DENYING REMISSION IN RESPECT OF, INTER ALIA, THE SAID SUM OF RS.51,71,610 / - . AS SUCH, THE ASSESSEE DEBITED THE SAID AMOUNT TO ITS PROFIT AND LOSS ACCOUNT FOR THE SAID PREVIOUS YEAR. WITHOUT PREJUDICE TO ITS CLAIM THAT THE SAID AMOUNT OF RS.51,71,610/ - WAS REQUIRED TO BE EXCLUDED FROM INCOME FOR THE ASSESSMENT YEAR 2003 - 04, THE A SSESSEE CLAIMED DEDUCTION OF THE SAID AMOUNT FOR THE ASSESSMENT YEAR 2007 - 08. THE ASSESSING OFFICER BY HIS ORDER UNDER SECTION 143(3) DATED DECEMBER 23, 2010 5 I.T.A. NO. 32/KOL/2013 ASSESSMENT YEAR: 2003 - 04 PHOENIX CONVEYOR BELT INDIA PRIVATE LIMITED FOR THE ASSESSMENT YEAR 2007 - 08 DECLINED TO ALLOW THE DEDUCTION NOTING THAT THE ASSESSEE HAD CLAIM ED DEDUCTION FOR THE ASSESSMENT YEAR 2003 - 04 AND ITS APPEAL IN THAT REGARD WAS PENDING BEFORE THE COMMISSIONER OF INCOME TAX (APPEALS) (PARAGRAPH 3 OF THE ASSESSMENT ORDER). ON FURTHER APPEAL, THE COMMISSIONER OF INCOME TAX (APPEALS) BY HIS ORDER DATED OCTOBER 17, 2014 ALLOWED THE DEDUCTION, OBSERVING THAT IT WOULD BE A CASE OF DOUBLE DISALLOWANCE IF THE AMOUNT WAS ALSO DISALLO W ED IN THE ASS ESSMENT YEAR 2007 - 08 (PARAGRAPH 5 .1. 3 OF THE ORDER AT PAGE 11). COPIES OF THE SAID ORDER DATED DECEMBER 23, 2010 AN D OCTOBER 17, 2014 FOR THE ASSESSMENT YEAR 2007 - 08 ARE ANNEXED HERETO AND COLLECTIVELY MARKED 'A'. 5.1 IT WOULD BE APPARENT FROM THE AFORESAID THAT THE SUM OFRS.56,71,610 / - COMPRISES OF TWO AMOUNTS VIZ. RS.51,71,610 / - ON ACCOUNT OF SALES TAX REFUND CLAIM AND RS.5,00,000 / - ON ACCOUNT OF TYPOGRAPHICAL ERROR IN THE ASSESSEE'S COMPUTATION OF INCOME. 5.2 IN SO FAR AS RS.5,00,000 / - IS CONCERNED, THE ASSESSEE IS CLEARLY ENTITLED TO DELETION OF THE ADDITION MADE IN THE ASSESSMENT. THIS IS BECAUSE THE MISTAKE WITH REGARD TO THE AMOUNT WAS IN THE ASSESSEE'S COMPUTATION WHERE THE AMOUNT SOUGHT TO BE DEDUCTED WAS WRONGLY TYPED AS RS.56,71,610 / - . THE ASSESSING OFFICER HAVING STARTED HIS COMPUTATION WITH THE PROFIT AS PER PROFIT AND LOSS ACCOUNT, THERE WAS NO OCCASION T O ADD TO IT THE SUM OF RS.5,00,000 / - ON ACCOUNT OF THE MISTAKE IN THE ASSESSEE'S COMPUTATION. 5.3 IN SO FAR AS SUM OF RS.51,71,610 / - IS CONCERNED, THE ASSESSEE IS ALSO ENTITLED TO DEDUCTION OF THE SAID AMOUNT FOR THE ASSESSMENT 6 I.T.A. NO. 32/KOL/2013 ASSESSMENT YEAR: 2003 - 04 PHOENIX CONVEYOR BELT INDIA PRIVATE LIMITED YEAR 2003 - 04. DURING THE PR EVIOUS YEAR ENDED MARCH 31, 2003 ALL THAT HAD HAPPENED WAS THAT THE ASSESSEE HAD MADE A REFUND CLAIM. CLEARLY, THE CLAIM HAD NOT BEEN VERIFIED OR ALLOWED AND IN FACT WAS REJECTED IN A SUBSEQUENT YEAR. EVEN UNDER THE MERCANTILE SYSTEM, A CLAIM FOR REFUND IN RESPECT OF A TAX INCENTIVE DOES NOT GIVE RISE TO ANY INCOME TILL IT IS QUANTIFIED AND VERIFIED. THIS WAS THE PRECISE QUESTION BEFORE THE HON'BLE PUNJAB & HARYANA HIGH COURT IN CIT V SRIYANSH KNITTERS (P) LTD., (2011) 336 ITR 235 (P&H). QUESTION NO.1 FOR C ONSIDERATION OF THE HON'BLE HIGH COURT IN THE SAID CASE WAS AS FOLLOWS: - '(I) WHETHER ON THE FACTS AND IN THE CI RCUMSTANCES OF THE CASE, THE ITA T WAS JUSTIFIED IN LAW IN HOLDING THAT THE DUTY DRAW BACK ACCRUES IN THE YEAR IN WHICH RATE IS FIXED BY THE COM PETENT AUTHORITY, AFTER VERIFICATION OF THE CLAIM OF THE ASSESSEE TO BE IN ORDER AND THE AMOUNT IS QUANTIFIED AND NOT IN THE YEAR OF EXPORT EVEN IF THE ASSESSEE KEEPS ITS ACCOUNT ON MERCANTILE BASIS? THE HON'BLE HIGH COURT WAS PLEASED TO OBSERVE AS FOLLOW S IN RESPECT OF THE SAID QUESTION: - AS REGARDS QUESTION (I), VIEW TAKEN BY THE TRIBUNAL CANNOT BE HELD TO BE ERRONEOUS. THE TRIBUNAL, AFTER EXAMINING THE SCHEME FOR EXPORT INCENTIVE, FOUND THAT BEFORE QUANTIFICATION BASED ON VERIFICATION, NO INCOME COULD BE HELD TO HAVE ACCRUED TO THE ASSESSEE. THERE IS NOTHING TO DISPUTE THIS FACTUAL ASPECT. IN SUCH A SITUATION, THE TRIBUNAL RIGHTLY HELD THAT NO INCOME ACCRUED TILL CLAIM OF THE ASSESSEE WAS QUANTIFIED AND VERIFIED. WE, THUS, DO NOT FIND IT NECESSARY TO 7 I.T.A. NO. 32/KOL/2013 ASSESSMENT YEAR: 2003 - 04 PHOENIX CONVEYOR BELT INDIA PRIVATE LIMITED G IVE DIRECTION TO THE TRIBUNAL TO REFER THE SAID QUESTION FOR OPINION OF THIS COURT.' 5.4 IN CIT V THIRUMALAISWAMY NAIDU & SONS (SUPRA), REFUND HAD ACTUALLY BEEN RECEIVED AND IT WAS HELD BY THE HON'BLE SUPREME COURT THAT IT WAS TAXABLE AS A REVENUE RECEIPT IN TERMS OF SECTION 41(1) OF THE INCOME TAX ACT, 1961. IN THE INSTANT CASE, THERE WAS MERELY A REFUND CLAIM WHICH WAS ALS O SUBSEQUENTLY REJECTED. THE SAID JUDGMENT OF THE HON'BLE SUPREME COURT HAS NO APPLICATION IN THE FACTS AND CIRCUMSTANCES OF THE INSTANT CASE. 5.5 IN THE EVENT THE HON'BLE TRIBUNAL IS PLEASED TO ACCEPT THE ASSESSEE'S CLAIM FOR DEDUCTION OF THE SAID SUM OF RS.51,71,610 / - FOR THE ASSESSMENT YEAR 2003 - 04, A DIRECTION MAY KINDLY BE GIVEN TO DISALLOW THE DEDUCTION ALLOWED BY THE COMMISSIONER OF INCOME TAX (APPEALS) FOR THE ASSESSMENT YEAR 2007 - 08. 6. THE SECOND GROUND IS WITH REGARD TO THE ASSESSEE'S CLAIM FOR DEDUCTION UNDER SECTION 80G IN RESPECT OF DONATIONS MADE TO SIX INSTITUTIONS. THE ASSESSING OFFICER DISALLOWED THE CLAIM FOR WANT OF VERIFICATION. THE COMMISSIONER OF INCOME TAX (APPEALS) VIDE PARAGRAPH 4.3 OF HIS ORDER (PAGE 7) DIRECTED THE ASSESSING OFF ICER TO ALLOW THE CLAIM IN RESPECT OF DONATIONS MADE TO THREE OF THE INSTITUTIONS AFTER VERIFYING THE RELEVANT DOCUMENTS. IT IS SUBMITTED THAT THE SAME DIRECTION MAY KINDLY BE GIVEN ALSO IN RESPECT OF THE REMAINING THREE INSTITUTIONS SO THAT THE ASSESSING OFFICER MAY ALSO ALLOW DEDUCTION AFTER VERIFYING THE RELEVANT DOCUMENTS . IT IS SUBMITTED THAT HE SAME DIRECTION MAY KINDLY BE GIVEN ALSO IN RESPECT OF THE REMAINING THREE INSTITUTIONS SO THAT THE ASSESSING 8 I.T.A. NO. 32/KOL/2013 ASSESSMENT YEAR: 2003 - 04 PHOENIX CONVEYOR BELT INDIA PRIVATE LIMITED OFFICER MAY ALSO ALLOW DEDUCTION AFTER VERIFYING T HE RELEVANT DOCUMETS. 3. THE LD. CIT(A), REJECTED THE CLAIM OF THE ASSESSEE BY HOLDING AS FOLLOWS: - 3 .3 I HAVE CAREFULLY CONSIDERED THE OBSERVATION OF THE ASSESSING OFFICER IN THE ASSESSMENT ORDER AND ALSO GONE THROUGH THE SUBMISSION OF THE LD. A / R. DURING THE YEAR, THE APPELLANT HAS CREDITED THE SALES TAX REFUND OF RS.51,71,610 / - AND REDUCED THE SUM OF RS.56,71,610 / - FROM THE TOTAL INCOME IN THE COMPUTATION OF INCOME ON ACCOUNT OF SALES TAX REFUND. WHILE DETERMINING THE TOTAL INCOME, THE A.O. HAS ADD ED BACK THE DIFFERENCE OF RS.5,00,000 / - TO ITS TOTAL INCOME AND DID NOT ALLOW THE CLAIM FOR DEDUCTION OF RS.51,71,610/ - ON ACCOUNT OF SALES TAX REFUND. IN THE CASE OF CIT VS. THIRURNALAISWAMY NAI DU & SONS [1998] 230 ITR 534(SC) , THE HON 'BLE SUPREME COURT H AS HELD THAT THE SALES TAX REFUND IS A RECEIPT ON REVENUE ACCOUNT AND HAS TO BE ASSESSED AS SUCH. IN THE PRESENT CASE, THE APPELLANT COMPANY HAS CREDITED THE SALES TAX REFUND OF RS.51,71,610 / - IN ITS P&L A/C DURING THE F.Y. 2002 - 03 ON ACCRUAL BASIS. THE AP PELLANT COMPANY IS CONSISTENTLY FOLLOWING THE MERCANTILE SYSTEM OF ACCOUNTING. AS DISCUSSED ABOVE IN PARA 3.2.1, THE AUDITORS HAVE OBSERVED THAT THE SALES TAX REFUND OF RS.51,71,610 / - HAS ALREADY ACCRUED TO THE APPELLANT COMPANY IN RESPECT TO THE SALES TAX REMISSION GRANTED IN ITS CASE. IN VIEW OF IT, I HOLD THAT THE A.O. HAS CORRECTLY ASSESSED THE SALES TAX REFUND OF RS.51,71,610 / - ON ACCRUAL BASIS DURING A.Y. 2003 - 04 AND THE 9 I.T.A. NO. 32/KOL/2013 ASSESSMENT YEAR: 2003 - 04 PHOENIX CONVEYOR BELT INDIA PRIVATE LIMITED APPELLANT COMPANY IS NOT ELIGIBLE FOR THE REDUCTION OF RS.51,71,610 / - ON ACCOUNT OF SALES TAX REFUND FROM ITS TOTAL INCOME AS IT IS FOLLOWING MERCANTILE SYSTEM OF ACCOUNTING. THIS GROUND OF APPEAL IS DISMISSED. 4. ON HEARING RIVAL CONTENTIONS, WE ARE OF THE CONSIDERED OPINION THAT IF THE REFUND IN QUESTION HAS ACCRUED AND ARISING DURI NG THE YEAR, THE SAME MAY BE TAXED DURING THE YEAR. THE FACT WHETHER THE INCOME HAS ACCRUED OR NOT, CAN BE DETERMINED BY EXAMINING THE ORDER OF THE SALES TAX REMISSION GRANTED BY THE STATE GOVERNMENT TO THE ASSESSEE. IN VIEW OF THE ABOVE DISCUSSION, WE SET ASIDE TO THE FILE OF THE ASSESSING OFFICER FOR FRESH ADJUDICATION, DE NOVO, IN ACCORDANCE WITH LAW. 4.1. THE ISSUE REGARDING GRANT OF APPROVAL U/S 80G OF THE ACT, IS ALSO REMANDED TO THE FILE OF THE ASSESSING OFFICER WITH A DIRECTION THAT ALL THE PAYMENTS WHERE CLAIMS U/S 80G OF THE ACT, ARE MADE, BE VERIFIED BY THE ASSESSING OFFICER AND DEDUCTION MAY BE GRANTED BY THE ASSESSING OFFICER, IN ACCORDANCE WITH LAW. 5. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS ALLOWED FOR STATISTICAL PURPOSES. KOLKATA, THE 18 TH D AY OF OCTOBER , 2017. SD/ - SD/ - [ S.S. VISWANETHRA RAVI ] [ J. SUDHAKAR REDDY ] JUDICIAL MEMBE R ACCOUNTANT MEMBER DATED : . 10 .2017 {SC SPS} 10 I.T.A. NO. 32/KOL/2013 ASSESSMENT YEAR: 2003 - 04 PHOENIX CONVEYOR BELT INDIA PRIVATE LIMITED COPY OF THE ORDER FORWARDED TO: 1. PHOENIX CONVEYOR BELT INDIA PRIVATE LIMITED (FORMERLY KNOWN AS PHOENIX YULE LIMITED) IDEAL PLAZA, 4 TH FLOOR 11/1, SARAT BOSE ROAD KOLKATA 700020 2. ADDITIONAL COMMISSIONER OF INCOME TAX, CIRCLE - 11 ADDITIONAL COMMISSIONER OF INCOME TAX, CIRCLE - 11 KOLKATA 3. CIT(A) - 4. CIT - , 5. CIT(DR), KOLKATA BENCHES, KOLKATA. TRUE COPY BY ORDER SENIOR PRIVATE SECRETARY HEAD OF OFFICE/ D .D.O. ITAT, KOLKATA BENCHES