M/s VMT Spinning Company Limited, Ludhiana V. ACIT, Circle 1, Ludhiana

ITA 452/CHANDI/2018

• Counselvise Citation: [2019] 112 COUNSELVISE.COM (IT) 6072 (ITAT-CHANDIGARH)
• Duration Of Justice: 9 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-01-2019
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: B
• Next Hearing Date: 29-11-2018
• Assessment Year: 2008-2009
• Appeal Filed On: 12-04-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: MANJIT SINGH
• Assessee Lawyers: VINEET J AIN
• Keywords: Capital receipt; Set aside
• Section: 115JB; 80IC

Judgement Text

, , IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BEN CH B, CHANDIGARH , ! . .., # $, %& BEFORE: SH. SANJAY GARG, JM & DR. B.R.R. KUMAR, AM ITA NOS. 452, 499, 500, 501, & 502/CHD/2018 ASSESSMENT YEARS : 2008-09 TO 2009-10 AND 2012-13 TO 2014-15 M/S VMT SPINNING COMPANY LIMITED CHANDIGARH ROAD, LUDHIANA PUNJAB THE ACIT, CIRCLE - 1 LUDHIANA, PUNJAB PAN NO: AABCV8087C APPELLANT RESPONDENT ITA NOS. 579 TO 583/CHD/2018 ASSESSMENT YEARS : 2008-09 TO 2009-10 AND 2012-13 TO 2014-15 THE DCIT, CIRCLE - 1 LUDHIANA, PUNJAB M/S VMT SPINN ING COMPANY LIMITED CHANDIGARH ROAD, LUDHIANA PUNJAB PAN NO: AABCV8087C APPELLANT RESPONDENT !' ASSESSEE BY : SHRI. VINEET JAIN #!' REVENUE BY : SHRI. MANJIT SINGH $ %! & DATE OF HEARING : 29/11/2018 '()*! & DATE OF PRONOUNCEMENT : 16/01/2019 %'/ ORDER PER BENCH, A.M: ALL THE ABOVE APPEALS HAVE BEEN FILED BY THE ASSESS EE AND CROSS APPEALS HAVE BEEN FILED BY THE REVENUE. FOLLOWING GROUNDS RAISED BY THE ASSESSEE IN ITA NO . 452/CHD/2018 FOR A.Y. 2008-09: 1. THAT THE LD. CIT(A) HAS ERRED IN LAW AND ON FACTS I N TREATING INTEREST RECEIVED AMOUNTING RS.38,07,084/-AS 'INCOME FROM OT HER SOURCES' INSTEAD OF INCOME FROM BUSINESS AND PROFESSION. 2. THAT THE LD. CIT (A) HAS ERRED IN LAW AND ON FACTS IN NOT ADJUDICATING THE CLAIM OF THE ASSESSEE REGARDING ALLOWANCE OF DEDUCT ION U/S 80IC OF THE ACT ON INTEREST REIMBURSEMENT OF RS.1,81,81,351/- UNDER TU FS. 3. THAT THE LD. CIT (A) HAS ERRED IN LAW IN NOT ALLOWI NG THE CLAIM OF THE ASSESSEE FOR TREATING INTEREST REIMBURSEMENT OF RS. 1,81,81,351/- UNDER TECHNOLOGY UPGRADATION FUND SCHEME (TUFS) AS CAPITAL RECEIPT. 2 FOLLOWING GROUNDS RAISED BY THE ASSESSEE IN ITA NO . 499/CHD/2018 FOR A.Y. 2009- 10: 1. THAT THE ORDER PASSED BY THE LD.CIT(A) IS CONTRARY TO LAW AND FACTS OF THE CASE. 2. THAT THE LD. CIT(A) HAS ERRED IN LAW AND ON FACTS I N TREATING INTEREST RECEIVED AMOUNTING RS.1,17,84,041/-AS 'INCOME FROM OTHER SOURCES' INSTEAD OF INCOME FROM BUSINESS AND PROFESSION. 3. THAT THE LD. CIT(A) HAS ERRED IN LAW AND ON FACTS I N CONFIRMING THE ACTION OF THE AO TO REDUCE INTEREST FROM OTHERS OF RS.1,22,34 6/- FROM THE PROFITS OF THE UNITS ELIGIBLE FOR DEDUCTION U/S 80IC OF THE INCOME TAX A CT, 1961. 4. THAT THE LD. CIT (A) HAS ERRED IN LAW AND ON FACTS IN NOT ADJUDICATING THE CLAIM OF THE ASSESSEE REGARDING ALLOWANCE OF DEDUCT ION U/S 80IC OF THE ACT ON INTEREST REIMBURSEMENT OF RS.1,82,79,859/- UNDER TU FS. 5. THAT THE LD. CIT (A) HAS ERRED IN LAW IN NOT ALLOWI NG THE CLAIM OF THE ASSESSEE FOR TREATING INTEREST REIMBURSEMENT OF RS. 1,82,79,859/- UNDER TECHNOLOGY UPGRADATION FUND SCHEME (TUFS) AS CAPITAL RECEIPT. FOLLOWING GROUNDS RAISED BY THE ASSESSEE IN ITA NO . 500/CHD/2018 FOR A.Y. 2012- 13: 1. THAT THE ORDER PASSED BY LD. CIT(A) IS CONTRARY TO LAW AND FACTS OF THE CASE. 2. THAT THE LD. CIT (A) HAS ERRED IN LAW IN NOT ALL OWING THE CLAIM OF THE ASSESSEE FOR TREATING INTEREST REIMBURSEMENT OF RS. 1,56,02,175/- UNDER TECHNOLOGY UPGRADATION FUND SCHEME (TUF5) AS CAPITAL RECEIPT. FOLLOWING GROUNDS RAISED BY THE ASSESSEE IN ITA NO . 501/CHD/2018 FOR A.Y. 2013- 14: 1. THAT THE ORDER PASSED BY THE LD. CIT(A) IS CONTRARY TO LAW AND FACTS OF THE CASE. 2. THAT THE LD. CIT(A) HAS ERRED IN LAW AND ON FACTS I N CONFIRMING THE ACTION OF THE ASSESSING OFFICER TO REDUCE RENT RECEIVED FR OM EMPLOYEES OF RS.14,75,085/- AND REFUND ON ACCOUNT OF EXCESS DEPOSIT OF SERVICE TAX OF RS.2,38,911/- BOOKED UNDER MISCELLANEOUS RECEIPT FROM THE PROFITS OF THE UNITS ELIGIBLE FOR DEDUCTION U/S 80IC OF THE INCOME TAX ACT, 1961. 3. THAT THE LD. CIT (A) HAS ERRED IN LAW AND ON FACTS IN NOT ADJUDICATING THE CLAIM OF THE ASSESSEE REGARDING ALLOWANCE OF DEDUCT ION U/S 80IC OF THE ACT ON INTEREST REIMBURSEMENT OF RS.1,50,29,978/- UNDER TU FS. 4. THAT THE LD. CIT (A) HAS ERRED IN LAW IN NOT ALLOWI NG THE CLAIM OF THE ASSESSEE FOR TREATING INTEREST REIMBURSEMENT OF RS. 1,50,29,978/- UNDER TECHNOLOGY UPGRADATION FUND SCHEME (TUFS) AS CAPITAL RECEIPT. 3 FOLLOWING GROUNDS RAISED BY THE ASSESSEE IN ITA NO . 502/CHD/2018 FOR A.Y. 2014- 15: 1. THAT THE ORDER PASSED BY THE LD. CIT(A) IS CONTRARY TO LAW AND FACTS OF THE CASE. 2. THAT THE LD. CIT(A) HAS ERRED IN LAW AND ON FACTS I N CONFIRMING THE ACTION OF THE AO TO REDUCE RENT RECEIVED FROM EMPLOYEES OF RS.19,44,377/- FROM THE PROFITS OF THE UNITS ELIGIBLE FOR DEDUCTION U/S 80I C OF THE INCOME TAX ACT, 1961. 3. THAT THE LD. CIT (A) HAS ERRED IN LAW AND ON FACTS IN NOT ADJUDICATING THE CLAIM OF THE ASSESSEE REGARDING ALLOWANCE OF DEDUCT ION U/S 80IC OF THE ACT ON INTEREST REIMBURSEMENT OF RS.1,48,64,622/- UNDER TU FS. 4. THAT THE LD. CIT (A) HAS ERRED IN LAW IN NOT ALLOWI NG THE CLAIM OF THE ASSESSEE FOR TREATING INTEREST REIMBURSEMENT OF RS. 1,48,64,622/- UNDER TECHNOLOGY UPGRADATION FUND SCHEME (TUFS) AS CAPITAL RECEIPT. FOLLOWING GROUNDS RAISED BY THE REVENUE IN ITA NO. 579/CHD/2018 FOR A.Y. 2008- 09: 1. WHETHER UPON FACTS AND CIRCUMSTANCES OF THE CASE, T HE LD. CIT(A) WAS JUSTIFIED IN ALLOWING RELIEF TO THE ASSESSEE BY TRE ATING THE INTEREST INCOME FROM CUSTOMERS & SUPPLIERS AS INCOME FROM 'BUSINESS AND PROFESSION' INSTEAD OF 'INCOME FROM OTHER SOURCE'? 2. WHETHER UPON FACTS AND CIRCUMSTANCES OF THE CASE, T HE LD. CIT(A) WAS JUSTIFIED IN ALLOWING RELIEF TO THE ASSESSEE BY TRE ATING THE INSURANCE CLAIM RECEIVED, INTEREST FROM CUSTOMER & SUPPLIERS AND MI SC. RECEIPTS ELIGIBLE FOR DEDUCTION U/S 80IC OF THE INCOME TAX ACT, 1961? 3. WHETHER ON THE ISSUE OF DEDUCTION U/S 80IC CLAIMED ON INTEREST REIMBURSEMENT UNDER TUFS SCHEME, THE LD. CIT(A) CAN REFRAIN FROM ADJUDICATION BY DIRECTING THE AO TO APPLY THE DECISION OF HIGHER APPELLATE AUTHORITY ON THE IDENTICAL ISSUE, ON RECEIPT OF THE DECISION, WHICH IS YET TO BE DECIDED BY THE SUCH APPELLATE AUTHORITY? 4. WHETHER UPON FACTS AND CIRCUMSTANCES OF THE CASE, T HE LD. CIT(A) WAS JUSTIFIED IN ALLOWING RELIEF TO THE ASSESSEE BY HOL DING THAT MAT CREDIT TO BE CARRIED FORWARD TO SUBSEQUENT YEARS SHOULD BE CALCULATED AF TER INCLUDING OF SURCHARGE AND CESS? 5. THAT THE ORDER OF THE LD. CIT(A) BE SET ASIDE AND T HAT OF THE ASSESSING OFFICER BE RESTORED. FOLLOWING GROUNDS RAISED BY THE REVENUE IN ITA NO. 579/CHD/2018 FOR A.Y. 2009- 10: 1. WHETHER UPON FACTS AND CIRCUMSTANCES OF THE CASE, T HE LD. CIT(A) WAS JUSTIFIED IN ALLOWING RELIEF TO THE ASSESSEE BY TRE ATING THE INTEREST INCOME FROM CUSTOMERS & SUPPLIERS AND EMPLOYEES AS INCOME FROM 'BUSINESS AND PROFESSION' INSTEAD OF 'INCOME FROM OTHER SOURCE'? 2. WHETHER UPON FACTS AND CIRCUMSTANCES OF THE CASE, T HE LD. CIT(A) WAS JUSTIFIED IN ALLOWING RELIEF TO THE ASSESSEE BY TRE ATING THE INSURANCE CLAIM RECEIVED, INTEREST FROM CUSTOMER & SUPPLIERS, MISC. RECEIPTS & INTEREST FROM OTHERS ELIGIBLE FOR DEDUCTION U/S 80IC OF THE INCOME TAX A CT, 1961? 4 3. WHETHER ON THE ISSUE OF DEDUCTION U/S 80IC CLAIMED ON INTEREST REIMBURSEMENT UNDER TUFS SCHEME, THE LD. CIT(A) CAN REFRAIN FROM ADJUDICATION BY DIRECTING THE AO TO APPLY THE DECISION OF HIGHER APPELLATE AUTHORITY ON THE IDENTICAL ISSUE, ON RECEIPT OF THE DECISION, WHICH IS YET TO BE DECIDED BY THE SUCH APPELLATE AUTHORITY? 4. WHETHER UPON FACTS AND CIRCUMSTANCES OF THE CASE, T HE LD. CIT(A) WAS JUSTIFIED IN ALLOWING RELIEF TO THE ASSESSEE BY HOL DING THAT MAT CREDIT TO BE CARRIED FORWARD TO SUBSEQUENT YEARS SHOULD BE CALCULATED AF TER INCLUDING OF SURCHARGE AND CESS? 5. THAT THE ORDER OF THE LD. CIT(A) BE SET ASIDE AND T HAT OF THE ASSESSING OFFICER BE RESTORED. FOLLOWING GROUNDS RAISED BY THE REVENUE IN ITA NO. 581/CHD/2018 FOR A.Y. 2012- 13: 1. WHETHER ON THE ISSUE OF DEDUCTION U/S 80IC CLAIMED ON INTEREST REIMBURSEMENT UNDER TUFS SCHEME, THE LD. CIT(A) CAN REFRAIN FROM ADJUDICATION BY DIRECTING THE AO TO APPLY THE DECISION OF HIGHER APPELLATE AUTHORITY ON THE IDENTICAL ISSUE, ON RECEIPT OF THE DECISION, WHICH IS YET TO BE DECIDED BY THE SUCH APPELLATE AUTHORITY? 2. THAT THE ORDER OF THE LD. CIT(A) BE SET ASIDE AND T HAT OF THE ASSESSING OFFICER BE RESTORED. FOLLOWING GROUNDS RAISED BY THE REVENUE IN ITA NO. 582/CHD/2018 FOR A.Y. 2013- 14: 1. WHETHER UPON FACTS AND CIRCUMSTANCES OF THE CASE, T HE LD. CIT(A) WAS JUSTIFIED IN ALLOWING RELIEF TO THE ASSESSEE BY TRE ATING THE RENT RECEIVED, MISC. RECEIPTS, GAIN ON FOREX FLUCTUATION AND INTEREST FR OM CUSTOMER 8 B SUPPLIERS ELIGIBLE FOR DEDUCTION U/S 80IC OF THE INCOME TAX ACT, 1961? 2. WHETHER ON THE ISSUE OF DEDUCTION U/S 80IC CLAIMED ON INTEREST REIMBURSEMENT UNDER TUFS SCHEME, THE LD. CIT(A) CAN REFRAIN FROM ADJUDICATION BY DIRECTING THE AO TO APPLY THE DECISION OF HIGHER APPELLATE AUTHORITY ON THE IDENTICAL ISSUE, ON RECEIPT OF THE DECISION, WHICH IS YET TO BE DECIDED BY THE SUCH APPELLATE AUTHORITY? 3. THAT THE ORDER OF THE LD. CIT(A) BE SET ASIDE AND T HAT OF THE ASSESSING OFFICER BE RESTORED. FOLLOWING GROUNDS RAISED BY THE REVENUE IN ITA NO. 583/CHD/2018 FOR A.Y. 2014- 15: 1. WHETHER UPON FACTS AND CIRCUMSTANCES OF THE CASE , THE LD. CIT(A) WAS JUSTIFIED IN ALLOWING RELIEF TO THE ASSESSEE BY TREATING THE RENT RECEIVED, MISC. RECEIPTS, GAIN ON FOREX FLUCTUATION AND INTEREST FR OM CUSTOMER & SUPPLIERS ELIGIBLE FOR DEDUCTION U/S 80IC OF THE INCOME TAX ACT, 1961? 2. WHETHER ON THE ISSUE OF DEDUCTION U/S 80IC CLAIMED ON INTEREST REIMBURSEMENT UNDER TUFS SCHEME, THE LD. CIT(A) CAN REFRAIN FROM ADJUDICATION BY DIRECTING THE AO TO APPLY THE DECISION OF HIGHER APPELLATE AUTHORITY ON THE IDENTICAL ISSUE, ON RECEIPT OF THE DECISION, WHICH IS YET TO BE DECIDED BY THE SUCH APPELLATE AUTHORITY? 5 3. THAT THE ORDER OF THE LD. CIT(A) BE SET ASIDE AND T HAT OF THE ASSESSING OFFICER BE RESTORED. 2. THE APPEALS OF THE ASSESSEE IN ITA NOS. 452, 499 , 500, 501 AND 502 PRIMARILY DEAL WITH THE ISSUE OF DEDUCTION UNDER SECTION 80IC ON INTEREST REIMBURSEMENT OF AMOUNT UNDER TUFS (TECHNOLOGY UP-GRADATION FUND SCH EME). 3. THE LD. CIT(A) HAS NOT ADJUDICATED THIS ISSUE RA ISED BEFORE HIM ON THE GROUNDS THAT THE SIMILAR MATTER HAS BEEN PENDING FO R ADJUDICATION IN THE GROUP OF VARDHMAN HOLDINGS LTD. FOR THE A.Y. 2003-04 AND VARDHMAN TEXTILES LTD. FOR A.YS 2002-03 TO 2005-06 BEFORE THE ITAT CHANDIGARH . AT THE TIME OF PASSING OF THE ORDER BY THE LD. CIT(A), HE HELD THAT THE CASES WERE HEARD AND THE ORDER WAS AWAITED AND HENCE PRECLUDED HIMSELF IN PRE DECI DING THE MATTERS HEARD BY THE ITAT. 4. WE FIND THAT THE CASES MENTIONED SUPRA HAVE BEEN HEARD AND ORDER HAS BEEN PASSED ON 04/05/2018 SETTING THE MATTER BACK T O THE FILE OF THE LD. CIT(A) AS IN THAT CASE THE ISSUE HAS NOT BEEN TAKEN BEFORE THE LD. CIT(A) IN THEIR APPEALS FILED. HENCE THE MATTER IS BEING SENT BACK TO THE FILE OF THE LD. CIT(A), LUDHIANA WITH DIRECTIONS TO PASS A SPEAKING ORDER I N A COMPREHENSIVE MANNER IN A WAY SO AS TO HAVE A COMMON DEPARTMENTAL VIEW IN A CCORDANCE WITH THE PROVISIONS OF THE INCOME TAX ACT,1961. 5. REGARDING THE DEPARTMENTAL APPEAL IN ITA NO. 581 /CHD/2012 FOR A.Y. 2012-13 THE ONLY ISSUE TAKEN UP BY THE REVENUE PERT AINS TO THE REIMBURSEMENT OF INTEREST UNDER TUF SCHEME WHICH HAS BEEN SET ASIDE TO THE FILE OF THE LD. CIT(A) WHILE ADJUDICATING THE APPEALS OF THE ASSESSEE MENT IONED ABOVE IN THIS ORDER. HENCE THIS APPEAL IS TREATED AS ALLOWED FOR STATIST ICAL PURPOSES. APPEAL OF THE REVENUE IN ITA NO. 582/CHD/2012 FOR A.Y. 2013-14 6. REGARDING THE GROUND NO. 1 THE REVENUE HAS OBJEC TED TO THE ORDER OF THE LD.CIT(A) IN ALLOWING EXEMPTION TO THE ASSESSEE ON ACCOUNT OF A) RENT RECEIVED B) MISC. RECEIPTS C) GAIN ON FOREX FLUCTUATIONS D) INTEREST FROM CUSTOMERS AND SUPPLIERS 7. WE HAVE GONE THROUGH THE PAGE NO. 8 OF THE ORDER OF THE LD. CIT(A) WHEREIN IT WAS HELD THAT THE RENT RECEIPTS WERE NOT ELIGIBLE FOR EXEMPTION UNDER SECTION 80IC. TO THAT EXTENT THE GROUND TAKEN BY TH E REVENUE IS FACTUALLY 6 INCORRECT. REGARDING THE OTHER ITEMS NAMELY MISC. RECEIPTS, GAIN ON FOREX FLUCTUATIONS, INTEREST FROM CUSTOMERS AND SUPPLIERS , WE FIND THAT THE LD. CIT(A) HAS ALLOWED THESE EXPENSES BASED ON THE DECISION OF THE TRIBUNAL IN ITA NO. 592/CHD/2005, ITA NO. 654/CHD/2005 DT. 31/07/2007 A ND ITA NO. 1147/CHD/2014. SINCE THE DECISION OF THE LD. CIT(A ) WAS BASED ON THE DECISION OF THE TRIBUNAL IN THE ASSESSEES OWN CASE IN EARLI ER YEARS AND IN THE ABSENCE OF ANY NEW MATERIAL BROUGHT TO OUR NOTICE BY THE REVEN UE, WE HEREBY CONFIRM THE ORDER OF THE LD. CIT(A) ON THIS GROUND. 8. GROUND NO. 2 PERTAINS TO THE REIMBURSEMENT OF IN TEREST UNDER TUF SCHEME WHICH HAS BEEN SET ASIDE TO THE FILE OF THE LD. CIT (A) WHILE ADJUDICATING THE APPEALS OF THE ASSESSEE MENTIONED ABOVE IN THIS ORD ER. THE SAME HOLDS GOOD FOR THE APPEAL OF THE REVENUE TOO. 9. HENCE THE APPEAL OF THE REVENUE TREATED AS PARTL Y ALLOWED FOR STATISTICAL PURPOSES. APPEAL OF THE REVENUE IN ITA NO. 579/CHD/2012 FOR A.Y. 200 8-09 AND APPEAL OF THE REVENUE IN ITA NO. 580/CHD/2012 FOR A.Y. 2009-10. 10. GROUND NO. 1 PERTAINING TO TREATING OF INTEREST INCOME FROM CUSTOMERS AND SUPPLIERS HAS BEEN RIGHTLY TREATED BY THE LD. CIT(A ) AS INCOME FROM BUSINESS AND PROFESSION BASED ON THE ORDER OF THIS TRIBUNAL IN T HE CASE OF VARDHMAN THREADS LTD. IN ITA NO. 556/CHD/2008 DT. 28/04/2014. HENCE, WE DECLINED TO INTERFERE IN THE ORDER OF THE LD. CIT(A). 11. GROUND NO. 2 PERTAINING TO TREATMENT OF INSURAN CE CLAIM, INTEREST FROM CUSTOMERS, MISC. RECEIPTS AND INTEREST FROM OTHERS FOLLOWING THE SIMILAR RATIONALE ADOPTED IN ITA NO. 582/CHD/2012 FOR A.Y. 2013-14 ME NTIONED IN THIS ORDER, WE HEREBY CONFIRM THE ORDER OF THE LD. CIT(A) WHICH WA S BASED ON THE EARLIER ORDER OF THIS TRIBUNAL. 12. GROUND NO. 3 PERTAINS TO THE DEDUCTION OF REIMB URSEMENT OF INTEREST UNDER TUF SCHEME WHICH HAS BEEN SET ASIDE TO THE FI LE OF THE LD. CIT(A) WHILE ADJUDICATING THE APPEALS OF THE ASSESSEE MENTIONED ABOVE IN THIS ORDER. THE SAME HOLDS GOOD FOR THE APPEAL OF THE REVENUE TOO. 13. GROUND NO. 4 WHEREIN THE LD. CIT(A) JUSTIFIED I N ALLOWING RELIEF TO THE ASSESSEE BY HOLDING THAT MAT CREDIT HAS TO BE CARRI ED FORWARD TO THE SUBSEQUENT YEAR AFTER INCLUDING SURCHARGE AND CESS. THE ADJUDICATION OF THE LD. 7 CIT(A) WAS INCONSONANCE WITH THE ORDER OF THE TRIBU NAL IN ASSESSEES OWN CASE FOR A.Y. 2007-08 WHICH STATES AS UNDER: 11. IN VIEW OF THE AFORESAID DECISIONS OF THE COO RDINATE BENCH AND OF THE APEX COURT IN THE CASE OF K SREENIVASAN (SUPRA), WE HOLD THAT MAT CREDIT TO BE CARRIED FORWARD SHOULD BE CALCULATED AFTER INCLUDING SURCHA RGE AND CESS IN THE TAX CALCULATED BOTH UNDER MAT UNDER SECTION 115JB AND U NDER THE NORMAL PROVISIONS OF THE ACT. WE, THEREFORE, DIRECT THE ASSESSING OFF ICER TO CALCULATE THE MAT CREDIT ACCORDINGLY. THE GROUND OF APPEAL RAISED BY THE ASS ESSEE, THEREFORE, STANDS ALLOWED. 14. SINCE THE MATTER ALREADY STANDS ADJUDICATED IN FAVOUR OF THE ASSESSEE BY THIS TRIBUNAL IN EARLIER YEAR, WE HEREBY CONFIRM TH E ORDER OF THE LD.CIT(A). APPEAL OF THE REVENUE IN ITA NO. 583/CHD/2012 FOR A.Y. 2014-15. 15. THE GROUND NO.1 OF THIS APPEAL IS AKIN TO THE G ROUND NO. 1 OF THE ITA NO. 580/CHD/2012 FOR THE A.Y. 2009-10. HENCE THE ADJUDI CATION TO GROUND NO. 1 STANDS MUTATIS MUTANDIS TO THE ISSUE DISCUSSED ABOV E. 16. GROUND NO. 2 PERTAINS TO THE DEDUCTION OF REIMB URSEMENT OF INTEREST UNDER TUF SCHEME WHICH HAS BEEN SET ASIDE TO THE FI LE OF THE LD. CIT(A) WHILE ADJUDICATING THE APPEALS OF THE ASSESSEE MENTIONED ABOVE IN THIS ORDER. THE SAME HOLDS GOOD FOR THE APPEAL OF THE REVENUE TOO. 17. THIS APPEAL OF THE REVENUE TREATED AS PARTLY AL LOWED FOR STATISTICAL PURPOSES. 18. IN THE RESULT, APPEAL OF THE ASSESSEE ARE ALLOW ED FOR STATISTICAL PURPOSES AND THAT OF THE REVENUS APPEAL ARE PARTLY ALLOWED FOR STATISTICAL PURPOSES. ORDER PRONOUNCED IN THE OPEN COURT. SD/- SD/- . .., # $, (SANJAY GARG ) ( DR. B.R.R. KU MAR, ) / JUDICIAL MEMBER %& / ACCOUNTANT MEMBER AG DATE: 16/01/2019 (+! ,-.- COPY OF THE ORDER FORWARDED TO : 1. THE APPELLANT 2. THE RESPONDENT 3. $ / CIT 4. $ / 01 THE CIT(A) 5. -2 45&456789 DR, ITAT, CHANDIGARH 6. 8:% GUARD FILE