C K Zipper Private Limited, Vadodara V. The ACIT,Circle-1(1)(1), Vadodara

ITA 4/AHD/2023

• Counselvise Citation: [2024] 100 COUNSELVISE.COM (IT) 4179 (ITAT-AHMEDABAD)
• Duration Of Justice: 1 year(s) 21 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 24-01-2024
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: D
• Next Hearing Date: 22-01-2024
• Assessment Year: 2016-2017
• Appeal Filed On: 02-01-2023
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: PRASAD RAO WAGHE ANNASAHEB
• Section: 147; 27; 148; 6; 90; 69C; 92

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, AHMEDABAD BEFORE SHRI RAMIT KOCHAR, ACCOUNTANT MEMBER & Ms. MADHUMITA ROY, JUDICIAL MEMBER आयकर अपील सं./ I. T. A. No. 4/Ah d/2023 ( नधा रण वष / As se ss ment Year : 2016 -1 7) C K Z i pp e r Pr iv a t e L i mit ed Pl ot N o . 1 79 , Po r I nd u s tr ia l Par k , N e ar Po r G I D C , V ad o da r a, G uj a r a t बनाम/ Vs . T h e A C IT C ir c l e- 1( 1) ( 1) , V a d oda r a थायी लेखा सं./जीआइआर सं./P A N / G I R N o . : A A D C C 7 7 0 0 M (Appellant) . . (Respondent) Assessee by : Shri B. K. Patel, A.R. Revenue by : Shri Prasad Rao Waghe Annasaheb, Sr. DR स ु नवाई क तार ख / D a t e o f H e a r i ng 23/01/20243 घोषणा क तार ख /D a t e o f P ro n o u nc e me n t 25/01/2024 O R D E R PER Ms. MADHUMITA ROY - JM: Th e instant ap peal has been filed at th e instance of the asses see i s directed ag ainst the order dated 1 6. 12.2022 passed by Natio nal Faceless Appeal Centre (NFAC), Delhi arising out of the ord er dated 01. 09. 202 1 passed b y the As se ssing O fficer (AO), NFA C, Delh i under Section 14 7 of the Inco me Tax Act, 1 961, (hereinafter re ferred to as ‘the Ac t’), whereby and whereu nder disallo wance of dedu ction under Section 35(1)(ii) of th e Act to the ITA No. 4/Ahd/2023 (C K Zipper Pvt. Ltd. vs. ACIT ) A.Y.– 2016-17 - 2 - tu ne of Rs. 35, 00,0 00/- claimed b y th e appellant has b een up held fo r A sses sment Year 2 016-17. 2. We have h eard the rival sub mi ssio ns made by the respective parties and we h ave also peru sed t he relevant materi als available on reco rd. 3. Th e brief fa cts le ading to this cas e is this that th e app ellant in itially filed its return of inco me fo r the year un der co nsid eration on 16. 08. 2016 declaring total income o f R s. 66, 15, 430/- which was pro cessed und er S ection 143 (1 ) of th e Act on 02 . 10.201 6. Upon scrutin y the ass es sment was co mplet ed under Section 1 43(3) of the Act on 02.0 8. 2018 declaring total income at R s. 66, 15, 430 /-. Subsequently, it was further fou nd that th e claim of the assesse e in respect o f deductio n u nder Sectio n 3 5(1)(ii) o f the Act h as been allowed by the Ld. AO th ough o n the basis of th e fal se documents in respect of mak ing don ation to one M/s. Sh ri Arvind o Institute of Applied Scientific Research Trust, which was earlier app rov ed under Section 3 5(1)(ii) of the Act, bu t, sub seq uen tly , the same wa s expired on 31.0 3.200 6. As the said entity being not recogn ized fo r th e purpo se o f S e ction 35(1)(ii) o f the Act, it was not foun d to be eligible to raise do nations for u ndertak ing scientific r esearch. On th is factu al matrix , the Trust has raised su b stantial don ations over th e last six years on th e basis o f fo rged docu ment, si nce obtain ed, wherein the appellant was foun d to be one of the beneficiarie s, clai m o f deduction whereof a mo u nting to Rs. 35,0 0, 000/- was ITA No. 4/Ahd/2023 (C K Zipper Pvt. Ltd. vs. ACIT ) A.Y.– 2016-17 - 3 - mad e. Keep ing in v iew th e CBDT Circular vid e letter F No. 225/35 1/2018 -ITA(II) d ated 14. 12.2018, the case was reop ened. 4. Alleg ation lev elled again st the as sessee as men tion ed hereinabove has been denied by th e asses see b ut no docu ments and/or co rroborative ev idence in respect of the deduction claimed under Section 3 5(1)(ii) of the Act has been filed befo re the Ld. AO in th e re-as se ss ment proceeding . Thu s, the expenditure of Rs. 20, 00,0 00/- has been disallowed as unex plained exp enditure u nder Section 6 9C of the Act and added back to th e total inco me o f the asses see followed b y the disallowance o f weighted deductio n to th e tune of Rs. 15,00 , 000/- claimed on the ab ove ex pend iture and added back to the total income o f the appellant which was further confir med by the First Appellate Autho rity. Hence, the instant appeal befo re us. 5. We have carefully considered the entire aspect of the matter and we find that it appears practically and factually the entity, namely, M/s. Shri Arvindo Institute o f Applied Scien tific Re search Trust h aving PAN No . AAFTS73 49D with who m the do nation to th e tune o f Rs. 20, 00, 000/- was mad e by the appellant an d clai med weig hted average ded uction of Rs.1 5, 00, 000/- und er Section 35(1)(ii) of the A ct for A. Y. 2016 -1 7, thoug h earlier was approv ed under Section 35(1 )(ii) of th e Act, th e sa me was exp ired on 31. 03.2 006. Thus, th e entity is no t recogn ized for the purpo se o f Section 3 5(1)(ii) of th e Act and neither eligible to raise d onatio ns ITA No. 4/Ahd/2023 (C K Zipper Pvt. Ltd. vs. ACIT ) A.Y.– 2016-17 - 4 - fo r und ertaking scientific rese arch . In that v iew of the matter, the Ld . CIT(A) passed the following order: “4 . 1 I h a v e g o n e t h r o u g h t h e f a c t s o f t h e c a s e , g r ou n d s o f a p p e a l a n d s u b mi s s i o n s m a d e i n t h i s r eg a r d B r i e f l y, t h e f ac t s o f t h e c a s e a r e t h a t t h e a p p e l l a n t M / s. C . K . Z i p p e r P r i va t e L i m i t e d ( P A N - A A D C C 7 7 0 0 M ) f i l e d i t s r e t u r n o f i n c o m e f o r A . Y . 2 0 16 - 1 7 a n 1 6 / 0 8 / 2 0 1 6 d e c l a r i n g t o t a l i n c o m e o f R s . 6 6 , 1 5 , 4 3 0 / -. T h e r e t u r n w a s p r o c e s s ed u s . 1 4 3 ( 1 ) o f 1 . T . A ct , 1 9 6 1 o n 0 2 / 1 0 / 2 01 6 . Th e c a s e w a s se l e c t e d f o r l i mi t ed sc r u t i n y a n d a s s e s s m en t w a s c om p l e t e d u / s. 1 4 3 ( 3 ) o f I . T. A c t o n 0 2 / 0 8 / 2 0 1 8 d e t e r m i n i n g i n c o m e a t R s. 6 6 , 1 5 , 4 3 0 / - S u b s e q u e n t l y , i t w a s f o u n d t h a t t h e c l a i m o f t h e a ss e s s e e t o w a r d s d e d u ct i o n u / s 3 5 ( 1 ) ( i i ) h a s b e en a l l o w e d o n t h e b a s i s o f d o c u m e n t g i ve n b y a n e n t i t y n o t a u t h o r i z e d t o i s s u e t h e sa m e. A p p a r e n t l y t h e d o c u m e n t s w e r e f o r g e d . S e ct i o n 3 5 ( 1 )( i i ) o f t h e In co m e Ta x A c t , p r e s cr i b es a w ei g h t e d d e d u c t i o n @1 50 % (1 7 5 % b e f o r e 0 1 - 0 4 - 2 0 1 8 ) t o a d o n o r f o r a n y s u m p a i d t o an a p p ro v e d re s ea rc h a s s o ci a t i o n ' h a vi n g i t s so l e o b j e ct t h e u nd er t a k i n g o f sc i e n t i f i c re s e a r c h o r t o a u n i v e r si t y co l l e g e o r ot h e r i n s t i t u t i o n f o r ca r r y i n g o u t s ci e n t i f i c r es e a r c h . T h i s c a m e t o l i g ht w h en C B D T p r o v i d e d i n f o r ma t i o n V i d e L et t e r F . N o . 2 2 5 / 3 5 1 / 2 0 1 8- I TA ( I I ) d a t e d 1 4 - 1 2 - 2 0 1 8 i s s u ed t o a l l f i e l d o f f i ce s re g a r d i n g b og u s d o n a t i o n ra c k e t u n d er s e c t i o n 3 5 ( 1 ) ( i i ) o f t h e I . T . A ct , 1 9 61 . A n e n t i t y n a m e l y M/ s S h ri A r v i n d o I n s t i t u t e o f A p p l i e d S c i e n t i f i c R es e a r c h Tr u s t ( P A N A A F T S 7 3 4 9 D ) w a s e a rl i e r a p p r o v e d u n d e r s ec t i o n 3 5 ( 1) ( i i ) o f t h e A c t w h i c h e xp i r e d o n 3 1 - 0 3 - 2 0 0 6 . Th er ea f t e r , t h i s e n t i ty, b e i n g n o t re co g n i z ed f o r p u rp o s e o f s e c t i o n 3 5 ( 1 ) ( i i ) o f t h e A c t , i s n o t e l i g i b l e t o r a i s e d o n a t i o n s f o r u n d er t a ki n g s ci e n t i f i c r es ear c h . H o w e v e r, t h e Tr u s t h a s r a i s e d s u b st a n t i a l d o n a t i o n s o v e r t h e l a st s i x y e a r s o n t h e b a s i s o f a f o r g ed c e r t i f i c a t e . I t w a s s e e n t h a t o n e o f t h e b e n e f i c i a r i e s o f s u c h b o g u s d o n a t i o n i s t h e a ss e s s e e i . e . M / s . C .K . Z i p p er P r i v a t e Li m i t ed ( P A N - A A D C C 7 7 0 0 M ) . 4 . 2 A cc o r d i n g l y , t h e cl a i m o f t h e a s s es s e e t o a l l o w d e d u c t i o n u / s . 3 5 ( 1 ) ( i ) o f R s. 3 5 , 0 0 , 0 0 0 / - w a s n o t a c c e p t ed a n d d i s a l l o w e d b y A O a s n a rr a t e d u n d e r . 1 . T h e e x p e n d i t u r e o f R s . 2 0 , 0 0 , 0 0 0 / - i s d i s a l l o w ed a s u n ex p l a i n e d ex p e n d i t u r e u / s . 6 9 C o f t h e I . T . A c t a n d a d d e d b a ck t o t h e t o t a l i n c o m e o f t h e a s s e s s e e . (A d d i t i o n : R s . 2 0 , 0 0 , 0 0 0 / - ) ITA No. 4/Ahd/2023 (C K Zipper Pvt. Ltd. vs. ACIT ) A.Y.– 2016-17 - 5 - 4 . 2 A c c o r d i n g l y , t h e cl a i m o f t h e a ss e ss e e t o a l l o w d e d u ct i o n u / s 3 5 ( 1 ) ( i i ) o f R s 3 5 , 0 0 , 0 0 0 / - w a s n o t a c c e p t e d a n d d is a l l o w e d b y A O a s n a r r a t e d u n d er . 1 . Th e e x p e n d i t u r e o f R s . 2 0 , 0 0 , 0 0 0 / - i s d i s a l l o w e d a s u n e x p l a i n e d e xp en d i t u r e u s B C o f t h e L T A c t a n d a d ded b a c k t o t h e t o t a l i n c o m e o f t h e a s s es s e e . ( A d d i t i o n R s . 2 0 , 0 0 , 0 0 0 / - ) 2 . Th e w e i g h t ed d e d u ct i o n o f R s . 1 5 , 0 0 , 0 0 0 / - c l a i m e d o n a b o ve e x p e n d i t u r e i s d i s a l l o w ed a n d a d d e d b a c k t o th e t o t a l i n c o m e o f t h e a s s e s s e e . ( A d d i t i o n R s 2 5 , 0 0 , 0 0 0 / - ) 4 . 3 A s h o w ca u s e n o t i c e a l o n g w i t h d r a f t a s s es s m e n t o r d e r i n t i m a t i n g t h e a b o v e a d d i t i o n s w a s i s s u e d a n d s e r ved o n t h e a ss e ss e e o n 2 7 . 0 8 . 2 0 2 1 b y t h e a s s e s si n g o f f i c e r . I n r e s p o n s e t h e a s s e s s e e f i l e d i t s re p l y o n 3 1 . 0 8 . 2 0 2 1 s t a t i n g t h e r ei n t h a t i t w i ll p r o v i d e b a n k st a t em e n t s r e l a t i n g t o t h e a b o ve p a y m e n t o f R s. 2 0 , 00 , 0 0 0 . T h e A O f o u n d t h e r e p l y t o b e n o t s a t i s f a c t o r y a n d m a d e t h e a d d i t i o n s d i s c u s s e d a b o v e . 4 4 . T h e a s s es s i n g o f f i c e r h a d r e a s o n s t o b el i ev e th a t t h e i n c o m e h a d e s c a p e d a s s es s m en t a n d h e h a d r ec o r d ed t h e s a m e a s f o l l o w s - " O n p er u sa l o f c a s e re c o r d s , i t i s o b s e r v e d t h a t a ss e ss e e M/ s . C . K Zi p p e r P ri v a t e Li m i t e d ( P A N - A A D C C 7 7 0 0 M ) h as cl a i m e d d e d u c t i o n a m o u n t i n g t o R s 3 5 , 0 0 , 0 0 0 / - o n a cc o u n t o f d o n a t i o n m a d e t o t h e e n t i t y n a m el y M / s S h r i A r v i n d o I n s t i t u t e o f A p p l i e d S c i en t i f i c R e s ea rc h Tr u st ( P A N A A F T S 7 3 4 90 ) I t i s a l s o o b s er v e d t h a t t h e s a i d en t i t y M / s . S h r i A r vi n do In s t i t u t e o f A p p l i ed S c i en t i f i c R e s ea r c h T r u st (P A N : A A F T S 7 3 4 9 D ) d o n o t h a v e r eq u i s i t e r e c o g n i t i o n d u l y a p p r o v ed b y C B D T . Th u s i n l i g h t o f l e t t e r i ss u e d b y C B D T, t h e d e d u c t i o n s o cla i m ed b y a s s e s s e e M/ s C . K . Z i p p e r P r i va t e Li m i t ed ( P A N : A A D C C7 7 0 0 M) i s n o t a l l o w a b l e d e d u c t i o n . " S a t i sf a ct i o n o f t h i s o f f i c e : In vi e w o f t h e a b o v e f a c t s , t h e p r o v i s i o n s o f cl a u se ( c ) o f ex p l a n a t i o n 2 t o s e c t i o n 1 4 7 a r e a p p l i c a b l e t o f a cts o f t h i s c a s e a n d t h e a s s es s m en t y e a r u n d e r c o n s i d e r a t i o n i s d e e me d t o b e a ca s e w h e r e i n c o m e c h a r g e a b l e t o t a x e s c a p e d a ss e ss me n t . Th e o f f i c e o f u n d e r s i g n e d i s sa t i s f i ed t h a t i n t h e c a s e o f a s s e ss e e ITA No. 4/Ahd/2023 (C K Zipper Pvt. Ltd. vs. ACIT ) A.Y.– 2016-17 - 6 - M/ s C . K Z i p p e r P ri v a t e Li m i t e d ( P A N A A D C G 7 7 0 0 M ) i n co m e ch a r g e a b l e t o f a x h a s e sc a p ed a s s es s m en t f o r A . Y . 2 0 1 6 - 1 7 . 4 . 5 . It i s o b s e r v ed t h a t i n t h i s c a s e , a s s e ss m e n t u/ s . 1 4 3 (3 ) w a s ma d e a n d t h e o n l y r eq u i r e m e n t t o i n i t i a t e p r o c e e d i ng u / s 1 4 7 i s re a s o n t o b e l i e v e w h i c h h a s b e en r e c o r d e d a b o v e. T he p r o v i si o n s o f cl a u s e ( c ) o f E x p l a n a t i o n ( 2 ) t o s e ct i o n 1 4 7 a r e a p pl i c a b l e t o f a ct s o f t h i s c a se a n d t h e a s s es s m e n t y e a r u n d e r co n s i d e r a t io n i s d e em e d t o b e a c a s e w h er e i n c o m e c h a rg ea b l e t o t a x h a s es c a p ed a ss e s sm e n t . Th e p r es e n t c a s e i s d e f i n i t e l y a ca se o f u n d e r a s s ess m e n t a n d e x c e s s re l i e f . Th i s ca s e i s w i t h i n f o u r y e a rs f r o m t h e en d o f t h e a s se s s m e n t ye a r u n d e r c o n s i d e r a t i o n . T h e n e c es s a r y s a n c t i o n t o i s s u e t h e n o t i c e u / s . 1 4 8 w a s o b t a i n ed s e p a r a t e l y f r o m A d d i t i o n a l C om m i ss i o n e r o f In co m e T a x a s p e r t h e p r o v i s i o n s o f s e c t i o n 1 5 1 o f t h e A c t . T h er e f o r e t h e r e i s n o i n f i r m i t y i n t h e r eo p e n i n g o f t h e c a s e . H e n c e t h e g ro u n d a g a i n s t r e o p e n i n g o f a ss e ss m e n t i s r ej e c t ed . 4 . 6 Th e i s s u e u n d e r q u es t i o n c o n ce r n s d o n a t i o n s . A ny d o n a t i o n co n s t i t u t e s a p p l i c a t i o n o f i n c o m e a n d i s n o r m a l l y no t a d e d u c t i b l e ex p e n d i t u r e . I t i s o n l y w h e n c e rt a i n d o n a t i o n s a r e t o b e e n c o u ra g e d o n t h e b a s i s o f t h e n a t u r e o f a c t i vi t y o r t h e g o a l s o f t h e en t i t y u n d er t a ki n g c e r t a i n s p e ci f i c t a s k s t h a t g o v e r n m e n t a t t i m es a l l o w s ce rt a i n d o n a t i o n s t o s u c h e n t i t i e s t o b e cl a i m e d a s d e d u c t i b l e ex p e n d i t u r e . T h e se d o n a t i o n s r e m a i n d e d u c t i b l e e x p en d i t u r e t i l l t h e sa m e h a ve t h e s a n ct i o n a s p e r t h e st a t u t e . I n t h e pr e s en t c a s e t h e a p p el l a n t c l a i m s t o h a v e m a d e t h e d o n a t i o n b u t i n th e a b s e n c e o f st a t u t o r y a p p r o v a l i t i s n o t a d e d u c t i b l e e x p e n d i t ur e 4 . 7 Ho w ev e r i t i s o b s e r v e d t h a t t h e a s s e ss i n g o f f i cer h a s i n v o k e d t h e p r o vi s i o n s o f s ec t i o n t h a t i s u n e x p l a i n e d e x p e nd i t u r e. Th o u g h n o w h er e i n t h e o r d e r i t i s m e n t i o n e d o r s t a t e d a s to h o w t h e ex p e n d i t u r e i s u n e x p l a i n e d o r h o w t h e s o u r c e o f t h e s a m e i s u n e x p l a i n e d . I t i s c l e a r t h e d o n a t i o n i s m a d e t o a n e n t i t y n o t e l i g i b l e f o r a l l o w i n g d ed u c t i o n u n d e r t h e I n c o m e t a x A ct b u t i t n o w h e r e em e r g e s f r o m t h e a s s e s s m e n t o rd er t h a t t h e d o n a t i o n i s f r o m u n e x p l a i n e d s o u r ce s. T h e A O i n h i s s h o w c a u s e s t a t ed a s u n d e r : “ I n co n n ec t i o n w i t h t h e a s s e s s m en t p r o ce e d i n g f o r th e A Y 2 0 1 6 - 1 7 , y o u h a v e c l a i me d d e d u c t i o n u / s 3 5 ( 1 ) (ii ) o f t h e I T A ct a m o u n t i n g t o R s 3 5 , 0 0 , 0 0 0 o n a cc o u n t o f d o n a t i on ma d e t o t h e e n t i t y n a m e l y M / s S h r i A r v i n d o I n s t i t u t e o f A p pl i e d S c i en t i f i c R e s ea r c h T r u s t ( P A N A A F TS 7 3 4 9 0 ) A s i n t im a t e d t o yo u ea rl i e r , M / s . S h r i A r v i n d o I n s t i t u t e o f A p p l i e d S c i e n t i f i c R es e a r c h T ru s t i s n o t re co g n i s ed f o r t h e p u r p o s e o f s e ct i o n 3 5 ( 1 ) ( i i ) o f t h e A c t a f t e r 3 1 . 0 3 . 2 0 0 6 a n d t h e r ef o re n o t e l i g i b l e t o r a i s e d o n a t i o n s f o r u n d e rt a ki n g s c i en t i f i c re s e ar ch ITA No. 4/Ahd/2023 (C K Zipper Pvt. Ltd. vs. ACIT ) A.Y.– 2016-17 - 7 - He n c e n o t i c e u / s 1 4 8 w a s i s s u e d t o y o u o n 1 2 . 0 7 . 2 01 9 a n d t h e r ea f t er n o t i c e u / s 1 4 3 ( 2 ) w a s a l s o i ss u e d a nd s er v e d o n 2 7 . 0 9 . 2 0 1 9 a g a i n s t w h i c h yo u h a d r a i s e d o b j e c t i o n u/ s 2 9 2 ( B B ) Y o u r o b j e c t i o n h a s b ee n c o u n t e r e d a n d r e b u t t ed p o i nt w i s e vi d e l et t e r d a t e d : 1 0 / 0 1 / 2 0 2 0 D I N & L e t t e r N o . I T B A / A S T/ F / 1 7 / 2 0 1 9 - 2 0 / 1 0 2 3 7 8 0 6 9 1 ( 1 ) t h r o u g h a sp ea ki n g o r d e r . T h e r e f o r e , y o u r o b j e ct i o n r e g a rd i n g t h e d i s al l o w a n c e o f cl a i m o f d e d u ct i o n i s re j e ct e d a n d t h e s u m o f R s. 35 , 0 0 , 0 0 0 i s l i a b l e t o b e a d d e d b a c k t o y o u r t o t a l i n c o m e . Y o u a r e r e q u e s t ed t o f u r n i s h a n y o t h er ev i d e n c e i n s u p p o r t o f yo u r c l a i m n o w ex c ep t t h e d o c u m e n t s p r o v i d e d ea r t i er d u ri n g t h e re a ss e s s m e n t p r o ce e d i n g s . " 4 . 8 Th u s t h e s e c t i o n 6 9 C i s w r o n g l y i n vo ke d , B u t i n a n y c a s e t h e d e d u c t i o n cl a i m e d o n t h e d o n a t i o n i s c o r r e ct l y d i s al l o w ed a n d t h e sa m e i s s u s t a i n e d . 5 . In n u t s h e l l t h e a p p e a l o f t h e a s s e s s e e a p p el l a n t i s p a r t l y a l l o w e d t o t h e e x t e n t t h a t s e c t i o n 6 9 C i s w r o n g l y qu o t e d b y t h e A O i n t h e a s s e s s m e n t o r d e r . B u t d i s a l l o w a n c e o f t h e d e d u ct i o n i s r i g h t l y ma d e . ” 6. Th e Ld. CIT(A) up held the order disallowin g the claim made by the ap pellan t. However, the ex pend iture was disallowed as unex plained expen diture u nder Section 69C of the Act. In this regard, the Ld. CIT(A) ob serv ed that the same ex pend itu re is unex plained and how the source o f the same is un explained , has not been ab le to be specified b y the Ld. AO while invoking Section 6 9C o f the Act while rejectin g th e claim of t h e app ellant. However, keeping in view the ent ire aspect of the matter, the clai m mad e by th e appellant on a wron g footing, p articularly, when the do nation made to the entity which is no t eligible to raise donatio n under Section 35(1)(ii) of the Act, the Ld. CIT(A) up held th e order o f disal lowance of the cl ai m made by the app ellant by th e Ld . AO wh ic h, in ou r co nsidered opinio n is just and proper. ITA No. 4/Ahd/2023 (C K Zipper Pvt. Ltd. vs. ACIT ) A.Y.– 2016-17 - 8 - We, therefore, decline to in terfere with the sa me. With the aforesaid observation, we dismi ss the appeal preferred b y the appellant as the same is found to be devoid o f any mer it. 7. In the result, th e appeal preferr ed by the app ellant is dismi ss ed. This Order pronounced on 25/01/2024 Sd/- Sd/- (RAMIT KOCHAR) (MADHUMITA ROY) ACCOUNTANT MEMBER JUDICIAL MEMBER Ahmedabad; Dated 25/01/2024 S. K. SINHA True Copy आदेश क त ल प अ े षत/Copy of the Order forwarded to : 1. अपीलाथ / The Appellant 2. !"यथ / The Respondent. 3. संबं$धत आयकर आय ु &त / Concerned CIT 4. आयकर आय ु &त(अपील) / The CIT(A)- 5. )वभागीय !,त,न$ध, आयकर अपील य अ$धकरण, अहमदाबाद / DR, ITAT, Ahmedabad 6. गाड2 फाईल / Guard file. आदेशान ु सार/ BY ORDER, उप/सहायक पंजीकार (Dy./Asstt. Registrar) आयकर अपील$य अ%धकरण, अहमदाबाद / ITAT, Ahmedabad