DCIT- CIRCLE-5 (2)(1), MUMBAI V. M/S INDO UNIQUE TRADING PVT. LTD, MUMBAI

ITA 421/MUM/2019

• Counselvise Citation: [2020] 110 COUNSELVISE.COM (IT) 3734 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 9 month(s) 10 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 09-11-2020
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: C
• Assessment Year: 2008-2009
• Appeal Filed On: 30-01-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Assessee Lawyers: SUCHEK ACHALIA
• Keywords: Bogus purchase; Additional evidence; Initiation of penalty proceedings; Accommodation entries; Tax effect; Onus to prove; Set aside
• Section: 133(6)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH, MUM BAI BEFORE SHRI SHAMIM YAHYA, AM AND SHRI RAM LAL NEGI, JM ITA NOS.405 TO 410/MUM/2019 (ASSESSMENT YEARS: 2008-09 TO 2010-11 AND 2012-13 T O 2014-15) M/S. INDO UNIQUE TRADING PRIVATE LIMITED 401, MEHTA MAHAL, 4 TH FLOOR, 15 MATHEW ROAD, OPERA HOUSE, MUMBAI-400 004 VS. DY. CIT-5(1)(1) ROOM NO. 806, M. K. ROAD, MUMBAI PAN/GIR NO. AABC 15898 Q ( ASSESSEE ) : ( RE VENUE ) AND ITA NOS.421 TO 426/MUM/2019 (ASSESSMENT YEARS: 2008-09 TO 2010-11 AND 2012-13 T O 2014-15) DY. CIT-5(1)(1) ROOM NO. 806, M. K. ROAD, MUMBAI VS. M/S. INDO UNIQUE TRADING PRIVATE LIMITED 401, MEHTA MAHAL, 4 TH FLOOR, 15 MATHEW ROAD, OPERA HOUSE, MUMBAI-400 004 PAN/GIR NO. AABC 15898 Q ( REVENUE ) : ( ASSESSEE ) ASSESSEE BY : SHRI SUCHEK ACHALIA REVENUE BY : SHRI UODAL RAJ SINGH DATE OF HEARING : 22.10.2020 DATE OF PRONOUNCEMENT : 09.11.2020 O R D E R PER BENCH: THESE ARE CROSS APPEALS OF THE ASSESSEE AND THE REV ENUE AGAINST THE COMMON ORDER OF THE LEARNED COMMISSIONER OF INCOME TAX (APPEALS) -10, MUMBAI (LD.CIT(A) FOR SHORT) DATED 30.10.2018. 2 ITA NOS. 405 TO 410/MUM/2019 & 421 TO 426/MUM/2019 M/S. INDO UNIQUE TRADING PRIVATE LIMITED 2. THE ISSUE IS SUSTAINING OF ADDITION FOR BOGUS PU RCHASE @ 8% BY THE LD. CIT(A) AS AGAINST 9% DONE BY THE ASSESSING OFFICER (A.O.). TH E ASSESSEE IN ITS APPEAL HAS ALSO CHALLENGED THE VALIDITY REOPENING OF THE ASSESSMENT AND REFUSAL BY LD. CIT(A) TO ADMIT THE ADDITIONAL EVIDENCE. 3. BRIEF FACTS OF THE CASE ARE THAT THE ASSESSEE CO MPANY IS ENGAGED IN THE BUSINESS OF IMPORT AND EXPORT OF DIAMOND. IN THESE CASES ASSESS MENT WAS REOPENED ON THE BASIS OF INFORMATION RECEIVED FROM DCIT(INVESTIGATION), MUMB AI THAT DURING THE PREVIOUS YEAR, THE ASSESSEE HAS TAKEN THE ACCOMMODATION EARLIER IN BOGUS PURCHASE. THE A.O. MADE 9% ADDITION OF THE BOGUS PURCHASE AS UNDER: A.Y. AMOUNT 2008-09 59,70,604 2009-10 29,43,972 2010-11 30,47,064 2012-13 1,06,04,619 2013-14 1,44,282 2014-15 73,78,860 4. SINCE THE FACTS ARE SIMILAR, WE ARE REFERRING TO THE A.O.S ORDER FOR A.Y. 2008-09. IN THE REASSESSMENT ORDER, THE A.O. ELABORATELY REF ERRED TO THE SEARCH AND ADMISSION BY BHAWARLAL JAIN AND MODUS OPERANDI OF BOGUS TRANSACT ION. FINALLY, THE A.O. REFERRED TO THE FOLLOWING EXAMINATION IN THE CASE OF THE ASSESSEE A ND MADE A DISALLOWANCE OF 9%, DESPITE NOTING THE ASSESSEES REPLY THAT THE GROSS PROFIT F ROM THESE PARTIES WAS HIGHER THAN THIS 9% MARGIN OF THE COMPANY: 14.1. DURING THE ASSESSMENT PROCEEDING VIDE LETTER DATED 01.02.2016 THE ASSESSEE WAS ASKED TO PRODUCE THE ABOVE MENTIONED PARTIES IN CRO SS-EXAMINATION IN THIS OFFICE. HOWEVER THE ASSESSEE FAILED TO PRODUCED THE ABOVE P ARTIES M/S. NAVKAR DIAMOND, MOHIT INTERNATIONAL, A2 JWELS AND KOTHARI AND CO ( (CONTR OLLED BY SHRI BHANWARLAL JAIN}, FOR VERIFICATION. FURTHER, DURING THE COURSE OF ASSESSM ENT PROCEEDINGS THE ASSESSEE WAS REQUESTED TO EXPLAIN AS TO WHY THE PURCHASE MADE FR OM M/S. NAVKAR DIAMOND, MOHIT 3 ITA NOS. 405 TO 410/MUM/2019 & 421 TO 426/MUM/2019 M/S. INDO UNIQUE TRADING PRIVATE LIMITED INTERNATIONAL, A2 JWELS AND KOTHARI AND CO SHOULD N OT BE DISALLOWED AND ADDED TO ITS TOTAL INCOME. THE ASSESSEE WAS ALSO REQUESTED TO FU RNISH ALL THE DOCUMENTARY EVIDENCE IN SUPPORT OF ITS CLAIM OF DEDUCTION OF ACCOUNT OF SAI D PURCHASE. IN RESPONSE TO THE SAME, THE ASSESSEE HAS STATED THAT THE GP MARGIN OF PURCHASE MADE FROM M/S. NAVKAR DIAMOND, MOHIT INTERNATIONAL. A2 JWELS AND KOTHARI AND CO, W HICH IS HIGHER THAN THE GP MARGIN OF THE COMPANY. 14.2. FROM THE FACTS OF THE CASE IT CAN BE CONCLUD ED THAT THE ASSESSEE DID NOT MAKE ANY GENUINE PURCHASES FROM THESE SUSPICIOUS DEALERS, AS DURING THE COURSE OF INVESTIGATION, AND AS PER THE AFFIDAVIT/STATEMENTS BY THE PROPRIET OR/PARTNER/ OR OPERATOR OF THE FIRM ADMITTED BEFORE THE INCOME TAX INVESTIGATION OFFICE R, THAT THEY HAVE NOT DONE ANY GENUINE BUSINESS. AT THE SAME TIME THE ASSESSEE HAS PURCHASED THE GOODS FROM SOME OTHER SUPPLIERS, MAY BE WITHOUT BILLS. IT IS A WELL KNOWN FACT THAT IF ANY PERSON INDULGES IN THE PRACTICE OF PURCHASING GOODS FROM THE GREY MARK ET AND OBTAINING BOGUS BILLS OF SOME OTHER PARTIES, WOULD DO SO FOR GETTING SOME BENEFIT . THE MAGNITUDE OF THE BENEFIT WOULD DEPEND 011 THE FACTS OF EACH CASE. THE RATE OF PURC HASE MADE FROM UNDISCLOSED PARTIES IS MUCH LOWER THAN THE RATE OF CREDIT PURCHASES, ON AC COUNT OF EVASION OF INCOME TAX AND OTHER TAXES. THUS IT IS CONCLUDED THAT THERE IS INF LATION OF PURCHASES IN THE BOOKS OF THE ASSESSEE AND THEREFORE THE PURCHASE RATE AS PER PUR CHASE BILLS SUBMITTED BY THE ASSESSEE CANNOT BE ACCEPTED. THE ASSESSEE HAS CONTENDED THAT THERE IS CORRESPONDING SALES, BUT HERE THE RATE AT WHICH THESE ITEMS ARE PURCHASED IS UNVERIFIABLE. THE ONLY COURSE OF ACTION AVAILABLE IS TO ASCERTAIN A PERCENTAGE OF THE COST ON THE PURCHASES MADE FROM SUSPICIOUS DEALERS, AS THE PROBABLE PROFIT OF THE ASSESSEE. AS MENTIONED EARLIER BOTH THE PARTIES WERE INVOLVED IN GIVING BOGUS BILLS IN A.Y 2012-13 ALSO. THE THEN DCIT 5(2)(1) FOR THE REASON MENTIONED THEREIN HAS MADE ADDITION TO BE 9% OF THE TOTAL TRANSACTION MADE FROM BOGUS PARTIES/HAWALA DEALERS. HENCE, PROFIT EARNED BY THE ASSESSEE ON THE PURCHASES MADE FROM THE SUSPICIOUS DEALERS IS ESTIMATED AT 9% OF SUCH P URCHASES. THE TRANSACTION MADE WITH THESE PARTIES IS TREATED AS BOGUS TRANSACTION, HENC E THE ENHANCE THE PROFIT TO BE 9% OF THE TOTAL TRANSACTION OF MADE WITH THE ABOVE CONCERN'S. 14.3. ACCORDINGLY, THE ADDITION ON ACCOUNT OF GROS S PROFIT RATIO WORKED OUT AS UNDER: A. Y: 2008-09 SR. NO NAME OF THE CONCERN TRANSACTION AMOUNT % OF GP MARGIN A.Y AMOUNT 1. KOTHARI & CO 2,93,30,777 9% 2008-09 26,39,770 2. NAVKAR DIAMOND 1,60,80,245 9% 2008-09 14,47,222 MOHIT INTERNATIONAL 62,62,718 9% 2008-09 5,63,644 A2 JEWELS 1,46,66,315 9% 2008-09 13,19,968 TOTAL ... 59,70,604 14.4. IN VIEW THE ABOVE GROSS PROFIT OF THE TRANSA CTION MADE FROM THE ABOVE PARTIES TOTALING TO RS. 59,70,604/- IS ADDED TO THE TOTAL I NCOME OF THE ASSESSEE. IN VIEW OF THE FACT 4 ITA NOS. 405 TO 410/MUM/2019 & 421 TO 426/MUM/2019 M/S. INDO UNIQUE TRADING PRIVATE LIMITED AS STATED ABOVE, 1 AM SATISFIED THAT IT IS A FIT CA SE OF INITIATION OF PENALTY PROCEEDINGS U/S 271 (L)(C) SINCE THE ASSESSEE HAS FURNISHED INACCUR ATE PARTICULARS OF INCOME & THEREBY CONCEALED INCOME. 5. UPON THE ASSESSEES APPEAL, THE LD. CIT(A) UPHEL D THE VALIDITY REOPENING. ON MERITS, HE NOTED THAT THE ASSESSEE HAS PLACED ON RE CORD BEFORE THE A.O. VARIOUS DETAILS IN THE FORM OF PURCHASE BILLS FROM THE AFORESAID PARTI ES, ACCOUNT CONFIRMATION OF THE ABOVE PARTIES, BANK STATEMENT OF THE ABOVE PARTIES FOR PA YMENT MADE TO THE PURCHASE PARTIES, ITR ACKNOWLEDGEMENT, BALANCE SHEET AND PROFIT AND L OSS ACCOUNT OF THE AFORESAID PARTIES. HENCE, THE LD. CIT(A) ALSO NOTED THAT ALL THE INFOR MATION THAT COULD HAVE BEEN SUPPLIED HAVE BEEN PROVIDED BY THE ASSESSEE. HENCE, HE REJEC TED THE CONTENTION THAT THE A.O. HAS NOT ISSUED ANY NOTICE TO THE SUPPLIER. HE ALSO REJE CTED THE ASSESSEES PLEA OF CROSS EXAMINATION OF PARTIES. HE DISTINGUISHED THE ITAT D ECISION IN THE ASSESSEES OWN CASE BY OBSERVING THAT THE A.O. HAS DONE FURTHER EXAMINATIO N BY ASKING THE ASSESSEE TO PRODUCE THE PARTIES AND THAT IN THAT CASE AFFIDAVIT FROM SU PPLIER WERE PRODUCED. FINALLY HE HELD AS UNDER: 8.3.31 THUS TAKING IN TO ACCOUNT THE ENTIRETY OF T HE FACTS, THE PROFIT EMBEDDED IN ACCOMMODATION ENTRIES OF PURCHASE OF DIAMONDS IS ES TIMATED @ 8% OF THE PURCHASE AMOUNT OF RS.6,63,40,055/-FOR AY 2008-Q9AND AN ADDI TION OF RS.53,07,204/- TO THE TOTAL INCOME OF THE APPELLANT IS SUSTAINED. THE APPELLANT GETS RELIEF OF RS.6,63,400/- (RS.59,70,604/- MINUS 53,07,204/-). 8.3.32 FOR AY 2009-10, THE PROFIT EMBEDDED IN ACCO MMODATION ENTRIES OF PURCHASE OF DIAMONDS IS ESTIMATED @ 8% OF THE PURCHASE AMOUNT O F RS.3,27,10,808/- AND AN ADDITION OF RS.26,16,865/- TO THE TOTAL INCOME OF THE APPELL ANT IS SUSTAINED. THE APPELLANT GETS RELIEF OF RS.3,27,107/- (RS. 29.43,972/- MINUS 26,1 6,865/-). 8.3.33 FOR AY 2010-11, THE PROFIT EMBEDDED IN ACCO MMODATION ENTRIES OF PURCHASE OF DIAMONDS IS ESTIMATED @ 8% OF THE PURCHASE AMOUNT O F RS.3,38,56,262/- AND AN ADDITION OF RS.27,08,501/- TO THE TOTAL INCOME OF THE APPELL ANT IS SUSTAINED. THE APPELLANT GETS RELIEF OF RS.3,38,563/- (RS.30,47,064/- MINUS RS.27 ,08,501/-). 5 ITA NOS. 405 TO 410/MUM/2019 & 421 TO 426/MUM/2019 M/S. INDO UNIQUE TRADING PRIVATE LIMITED 8.3.34 FOR AY 2012-13, THE PROFIT EMBEDDED IN ACCO MMODATION ENTRIES OF PURCHASE OF DIAMONDS IS ESTIMATED @ 8% OF THE PURCHASE AMOUNT O F RS.11,78,29,100/- AND AN ADDITION OF RS.94,26,328/- TO THE TOTAL INCOME OF T HE APPELLANT IS SUSTAINED. THE APPELLANT GETS RELIEF OF RS.11,78,291/- (RS.1,06,04,619/- MIN US RS.94,26,328/-). 8.3.35 FOR AY 2013-14, THE PROFIT EMBEDDED IN ACCO MMODATION ENTRIES OF PURCHASE OF DIAMONDS IS ESTIMATED @ 8% OF THE PURCHASE AMOUNT O F RS.16,03,131/- AND AN ADDITION OF RS.1,28,250/- TO THE TOTAL INCOME OF THE APPELLA NT IS SUSTAINED. THE APPELLANT GETS RELIEF OF RS.16,0327- (RS.1,44,282/- MINUS RS.1,28,250/-). 8.3.36 FOR AY 2014-15, THE PROFIT EMBEDDED IN ACCO MMODATION ENTRIES OF PURCHASE OF DIAMONDS IS ESTIMATED @ 8% OF THE PURCHASE AMOUNT O F RS.8,19,87,329/- AND AN ADDITION OF RS.65,58,986/- TO THE TOTAL INCOME OF THE APPELL ANT IS SUSTAINED. THE APPELLANT GETS RELIEF OF RS. 8,19,874/- (RS.73,78,860/- MINUS RS. 65,58,986/-). 7. AGAINST THE ABOVE ORDER, THE ASSESSEE AND THE RE VENUE ARE IN CROSS APPEAL BEFORE US. 8. AT THE OUTSET, THE LD. LD. COUNSEL OF THE ASSESS EE SUBMITTED THAT THE REVENUES APPEAL ARE NOT MAINTAINABLE AS THE TAX EFFECT IS BE LOW THE LIMIT FIXED BY CBDT. FURTHER, THE LD. COUNSEL OF THE ASSESSEE SUBMITTED THAT THE ISSUE IS SQUARELY COVERED BY ITAT ORDER IN ASSESSEES OWN CASE FOR A.Y 2007-08. 9. PER CONTRA, THE LD. DEPARTMENTAL REPRESENTATIVE (LD. DR FOR SHORT) COULD NOT DISPUTE THIS PROPOSITION THAT THE ISSUE IS COVERED BY ITAT DECISION IN ASSESSEES OWN CASE NOR DID HE DISPUTES THAT TAX EFFECT IN REVENUES AP PEAL IS BELOW THE LIMIT FIXED BY THE CBDT FOR FILING THE APPEALS BEFORE THE ITAT. 10. UPON CAREFUL CONSIDERATION, WE NOTE THAT THE IT AT IN ASSESSEES OWN CASE FOR A.Y. 2007-08 VIDE ORDER DATED 16.08.2017 HAS HELD AS UND ER: 10. WE HAVE HEARD RIVAL CONTENTIONS AND PERUSED THE REC ORD. WE NOTICE THAT THE ASSESSING OFFICER HAS REOPENED THE ASSESSMENT FOR T HE SECOND TIME AFTER EXPIRY OF FOUR YEARS FROM THE END OF THE ASSESSMENT YEAR, OTHE BAS IS OF INFORMATION RECEIVED FROM THE INVESTIGATION WING ABOUT THE BOGUS NATURE OF TRANSA CTIONS ENTERED BY SHRI BHANWARLAL JAIN 6 ITA NOS. 405 TO 410/MUM/2019 & 421 TO 426/MUM/2019 M/S. INDO UNIQUE TRADING PRIVATE LIMITED GROUP. EVEN THOUGH THE AO HAS MENTIONED THE REASONS THAT THERE WAS FAILURE ON THE PART OF THE ASSESSEE TO DISCLOSE FULLY AND TRULY ALL MAT ERIAL FACTS NECESSARY FOR ASSESSMENT, YET HE HAS NOT SPECIFIED THE MANNER OF FAILURE. 11. ON THE CONTRARY, WE NOTICE THAT THE ASSESSEE H AS PROVED THE GENUINENESS OF PURCHASES BY OBTAINING CONFIRMATION LETTERS IN THE FORM OF AFFIDAVITS FROM ALL THE SUPPLIERS. THE AO HAS DONE INDEPENDENT ENQUIRY DURI NG THE COURSE OF ASSESSMENT PROCEEDINGS BY ISSUING NOTICES U/S 133(6) OF THE AC T TO ALL THE SUPPLIERS. WE NOTICE THAT THE NOTICES WERE DULY SERVED UPON THE SUPPLIERS AND THEY HAVE ALSO RESPONDED BY FILING THEIR REPLIES DULY CONFIRMING THE TRANSACTIONS. THE AO HAS REJECTED THE REPLIES BY OBSERVING THAT THE REPLIES LACKED DETAILS AND THEY DID NOT MENTION ABOUT THE NATURE OF TRANSACTIONS. IN OUR VIEW, THE SAID OBSERVATIONS AR E VAGUE IN NATURE. ON THE CONTRARY, A PERUSAL OF THE AFFIDAVITS FURNISHED BY THE SUPPLIER S WOULD SHOW THAT THEY HAVE CONFIRMED THE SALES EFFECTED BY THEM TO THE ASSESSEE. FURTHER THEY HAVE ALSO VERIFIED AND SIGNED THE LEDGER ACCOUNT COPIES AS AVAILABLE IN THE BOOKS OF ACCOUNT. WHEN THE SUPPLIERS CONFIRM THAT THE TRANSACTIONS OF SALES MADE BY THEM TO THE ASSESSEE ARE GENUINE, THAT TOO, IN RESPONSE TO THE NOTICES ISSUED BY THE AO U/S 133(6) OF THE ACT DURING THE COURSE OF ASSESSMENT PROCEEDINGS, IN OUR VIEW, THE SAID REPLI ES CANNOT BE REJECTED WITHOUT BRINGING ON RECORD ANY MATERIAL TO SHOW THAT THEY ARE NOT TR UE. WE NOTICE THAT THE AO DID NOT BRING ANY MATERIAL ON RECORD AND HE SIMPLY RELIED UPON TH E REPORT GIVEN BY THE INVESTIGATION WING. AS PER LD A.R, THE STATEMENT GIVEN BY SHRI BH ANWARLAL JAIN IS A GENERAL STATEMENT ONLY. THE ASSESSEE, AS STATED EARLIER, HAS FURNISHE D CONFIRMATION OF LEDGER ACCOUNTS AND ALSO AFFIDAVITS TO PROVE THE GENUINENESS OF TRANSAC TIONS. WE NOTICE THAT THE AO COULD NOT CONTROVERT THOSE DOCUMENTS. 12. IN VIEW OF THE FOREGOING DISCUSSIONS, WE ARE O F THE VIEW THAT THE ASSESSEE HAS DULY DISCHARGED THE BURDEN TO PROVE THE GENUINENESS OF P URCHASES. ON THE CONTRARY, THE AO HAS SIMPLY RELIED UPON THE REPORT GIVEN BY THE INVE STIGATION WING. IN THIS VIEW OF THE MATTER, WE ARE OF THE VIEW THAT NO ADDITION IS CALL ED FOR ON ACCOUNT OF ALLEGED BOGUS PURCHASES. ACCORDINGLY WE SET ASIDE THE ORDER PASSE D BY LD CIT(A) ON THIS ISSUE AND DIRECT THE AO TO DELETE THE IMPUGNED ADDITION. 11. WE FIND THAT FACTS IN THE PRESENT CASE ARE IDEN TICAL. FURTHER SALES HAVE NOT BEEN DOUBTED. RATHER IN THE PRESENT CASE AS NOTED BY THE LD. CIT(A) ALL THE DETAILS ARE ON RECORD AND HENCE THE LD. CIT(A) HELD THAT THERE WAS NOT AN Y NEED OF ISSUING NOTICE TO THE IMPUGNED SUPPLIER. SINCE THERE IS AN ORDER OF ITAT IN THE ASSESSEES OWN CASE WHICH HAS NOT BEEN REVERSED BY HON'BLE JURISDICTIONAL HIGH CO URT AND LD. DR HAS NOT BEEN ABLE TO REBUT THIS, WE FOLLOW THE CO-ORDINATE BENCH DECISIO N IN THE ASSESSEES OWN CASE AND DECIDE THE ISSUE IN FAVOUR OF THE ASSESSEE. 12. HENCE, FOLLOWING THE AFORESAID ITAT DECISION, W E DIRECT ACCORDINGLY. SINCE, WE HAVE DECIDED THE ISSUE ON MERIT IN FAVOUR OF THE AS SESSEE, ADJUDICATION ON REOPENING AND 7 ITA NOS. 405 TO 410/MUM/2019 & 421 TO 426/MUM/2019 M/S. INDO UNIQUE TRADING PRIVATE LIMITED OTHER ISSUES RAISED BY THE ASSESSEE IS ONLY OF ACAD EMIC IN NATURE. HENCE, WE ARE NOT ENGAGING INTO THE SAME. 13. AS REGARDS THE REVENUES APPEALS ARE CONCERNED, THE FURTHER CONTENTION OF THE LD. AR IS THAT THE SAME ARE NOT MAINTAINABLE ON THE TOU CHSTONE OF CIRCULAR BY THE CBDT VIDE CIRCULAR NO. 17/2019, ORDER DATED 08.08.2015, WHICH SPECIFIED THAT THE APPEAL BY THE REVENUE SHALL NOT BE FILED IF THE TAX EFFECT IS BEL OW RS.50 LACS. IN THE PRESENT CASE, THE TAX EFFECT IS BELOW 50 LACS AS EVIDENT BY THE RELIEF GI VEN BY THE LD. CIT(A) IS AS UNDER: A.Y. RELIEF GRANTED BY LD.CIT(A) 2008-09 6,63,400 2009-10 3,27,107 2010-11 3,38,563 2012-13 11,78,291 2013-14 1,60,327 2014-15 8,19,874 14. THE LD. DR DID NOT POINT OUT THAT THESE APPEALS FALL IN ANY OF THE EXCEPTION CARVED OUT IN THE SAID CBDT INSTRUCTION. 15. IN THE RESULT, THE REVENUES APPEALS ARE DISMIS SED AND THE ASSESSEES APPEALS ARE ALLOWED. ORDER PRONOUNCED UNDER RULE 34(4) OF THE INCOME TAX (APPELLATE TRIBUNAL) RULES, 1962, BY PLACING THE DETAILS ON THE NOTICE BOARD ON 09.11 .2020. SD/- SD /- (RAM LAL NEGI) (SHAMIM YAHYA) JUDICIAL MEMBER ACCOUNTANT MEMBER MUMBAI; DATED : 09.11.2020 ROSHANI , SR. PS 8 ITA NOS. 405 TO 410/MUM/2019 & 421 TO 426/MUM/2019 M/S. INDO UNIQUE TRADING PRIVATE LIMITED COPY OF THE ORDER FORWARDED TO : 1. THE APPELLANT 2. THE RESPONDENT 3. THE CIT(A) 4. CIT - CONCERNED 5. DR, ITAT, MUMBAI 6. GUARD FILE BY ORDER, (DY./ASSTT. REGISTRAR) ITAT, MUMBAI