PURANMAL DELHIWALA, MUMBAI V. ITO 14(3)(3), MUMBAI

ITA 4541/MUM/2014

• Counselvise Citation: [2017] 128 COUNSELVISE.COM (IT) 0652 (ITAT-MUMBAI)
• Duration Of Justice: 2 year(s) 10 month(s) 15 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 17-05-2017
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: C
• Assessment Year: 1993-1994
• Appeal Filed On: 02-07-2014
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: B S BIST LD
• Assessee Lawyers: NITESH JOSHI LD
• Keywords: Business income; Principle of natural justice; Fair market value
• Section: 143(3); 263; 144

Judgement Text

ITA NO.4541/MUM/2014 PURANMAL DELHIWALA ASSESSMENT YEAR 1993-94 IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH, MUMBAI , , BEFORE SHRI JOGINDER SINGH, JM AND SHRI MANOJ KUMAR AGGARWAL, AM ./I.T.A. NO. 4541/MUM/2014 ( / ASSESSMENT YEAR: 1993-1994) PURANMAL DELHIWALA C/O M/S. KABRA ASSOCIATES, CAS 204, NIRANJAN 99, MARINE DRIVE, MUMBAI 400 002. / VS. INCOME TAX OFFICER 14(3)(3) EARNEST HOUSE NARIMAN POINT MUMBAI 400 021. ./ ./ PAN/GIR NO. AAFFP-5709-C ( ' /APPELLANT ) : ( #$ ' / RESPONDENT ) ' / APPELLANT BY : NITESH JOSHI, LD. AR #$ ' / RESPONDENT BY : B.S.BIST, LD. DR / DATE OF HEARING : 12/05/2017 / DATE OF PRONOUNCEMENT : 17 /05/2017 2 ITA NO.4541/MUM/2014 PURANMAL DELHIWALA ASSESSMENT YEAR 1993-94 / O R D E R PER MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. THE CAPTIONED APPEAL BY THE ASSESSEE FOR THE ASS ESSMENT YEAR [AY] 1993-94 ASSAILS THE ORDER OF THE LD. COMMISSIONER O F INCOME-TAX (APPEALS)- 25 [CIT(A)], MUMBAI DATED 16/05/2014 BY RAISING FOLLOWING GROUNDS OF APPEAL:- 1. THE LEARNED COMMISSIONER OF INCOME TAX(APPEALS)- 25, MUMBAI, HEREINAFTER REFERRED TO AS THE CIT (APPEALS), ERRED IN HOLDING THAT TH E ORDER DATED 30.04.2012 PASSED BY THE ASSESSING OFFICER PURSUANT TO THE HONBLE ITAT S ORDER DATED 10.10.2006 WAS NOT BARRED BY ANY LIMITATION AND HENCE WAS VALID. YOUR APPELLANTS SUBMIT THAT, ON THE FACTS AND IN TH E CIRCUMSTANCES OF THEIR CASE, THE ORDER MADE BY ASSESSING OFFICER DATED 30.04.2012 IS BARRED BY LIMITATION AND IS INVALID. 2. WITHOUT PREJUDICE, IT IS SUBMITTED THAT, THE CIT (APPEALS) ERRED IN COMING TO THE CONCLUSION THAT THE ASSESSING OFFICER WAS NOT SUPPO SED TO GIVE ANY OPPORTUNITY TO THE APPELLANT BEFORE MAKING THE IMPUGNED ORDER. YOUR APPELLANTS SUBMIT THAT, ON THE FACTS AND IN TH E CIRCUMSTANCES OF THEIR CASE, THE APPELLANT OUGHT TO HAVE BEEN GIVEN AN OPPORTUNITY O F BEING HEARD IN THE MATTER BEFORE THE ASSESSING OFFICER MADE THE ORDER DATED 30.04.20 12 3. WITHOUT PREJUDICE TO THE GROUNDS OF APPEAL NOS.1 &2, IT IS SUBMITTED THAT, THE CIT(APPEALS) ERRED IN COMING TO THE CONCLUSION THAT SINCE IN THE ASSESSMENT YEAR 1994- 95, THERE ARE NO ISSUES OF LONG TERM CAPITAL GAINS AND ADOPTING OF FAIR MARKET VALUE AS ON 01.04.1981 AND THAT THE SAID ISSUES ARE NOT THE SUBJECT MATTER OF THE ORDER OF ASSESSING OFFICER UNDER APPEAL, NO SUCH ISSUES ARE REQUIRED TO BE ADJUDICATED UNDER THE APPEAL BEFORE HIM. YOUR APPELLANTS SUBMIT THAT, ON THE FACTS AND IN TH E CIRCUMSTANCES OF THEIR CASE, THE CIT(APPEALS) OUGHT TO ADJUDICATED IN RESPECT OF THE ISSUES RELATING TO LONG TERM CAPITAL GAINS AND ADOPTING OF FAIR MARKET VALUE AS ON 01.04 .1981. THE ASSESSEE IS IN SECOND ROUND OF APPEAL BEFORE US . 2. BRIEFLY STATED, THE ASSESSEE, BEING RESIDENT FIRM, WAS ASSESSED FOR IMPUGNED AY U/S 143(3) AT RS.49,79,670/- VIDE ASSES SING OFFICER [AO] ORDER DATED 12/12/1996 AFTER CERTAIN ADDITIONS / DI SALLOWANCES UNDER THE 3 ITA NO.4541/MUM/2014 PURANMAL DELHIWALA ASSESSMENT YEAR 1993-94 HEAD CAPITAL GAINS, BUSINESS INCOME & INCOME FROM OTHER SOURCES WHICH WERE CONTESTED WITHOUT ANY SUCCESS BEFORE LD. CIT(A ) SINCE THE ASSESSEE FAILED TO APPEAR BEFORE LD. CIT(A) AND COULD NOT AD DUCE ANY EVIDENCE IN SUPPORT. THE ASSESSEE PREFERRED SECOND APPEAL BEFOR E TRIBUNAL VIDE ITA NO. 5385/MUM/2003 ORDER DATED 10/10/2006 WHERE THE MATTER WAS RESTORED BACK TO THE FILE OF AO TO DECIDE AFRESH FOLLOWING T RIBUNALS EARLIER ORDER DATED 17/08/2006 IN ASSESSEES OWN CASE FOR AY 1994 -95. 3. PURSUANT TO THE ORDER OF TRIBUNAL, LD. AO PASSED AN ORDER DATED 30/04/2012 U/S 143(3) READ WITH SECTION 254, WHERE THE INCOME WAS RE- COMPUTED AT RS.38.91 LACS ON THE BASIS OF OUTCOME O F ASSESSEE APPEAL FOR AY 1994-95 BEFORE LD. CIT(A) WHICH WAS PASSED O N 13/05/2009. THE SAID ORDER OF LD. AO, UPON APPEAL IN SECOND ROUND, WAS CONFIRMED BY LD. CIT(A) VIDE IMPUGNED ORDER DATED 16/05/2014 WHERE T HE ASSESSEE CONTESTED THE ORDER ON THE GROUNDS OF LIMITATION AS PER THE PROVISIONS OF SECTION 153(2A) AND ALSO ON MERITS BUT THE SAME GOT DISMISSED, AGAINST WHICH THE ASSESSEE IS IN APPEAL BEFORE US. THE LD. CIT(A) AFTER PERUSING ASSESSEES SUBMISSIONS, CAME TO THE CONCLUSION THAT THE PROVISIONS OF SUB- SECTION 153(3)(II) READ WITH EXPLANATION-2 APPLIED TO THE CASE OF THE ASSESSEE AND SINCE THERE WAS NO PRESCRIBED TIME LIM IT, THE ORDER OF LD. AO WAS PERFECTLY IN ORDER SO FAR AS THE GROUND OF LIMI TATION WAS CONCERNED. 4. THE LD. COUNSEL FOR ASSESSEE [AR] WHILE DRAWING OUR ATTENTION TO THE PROVISIONS OF SECTION 153(2A) READ WITH SECOND PROVISO CONTENDED THAT EARLIER ASSESSMENT WAS SET ASIDE BY THE TRIBUNAL IN THE FIRST ROUND OF APPEAL 4 ITA NO.4541/MUM/2014 PURANMAL DELHIWALA ASSESSMENT YEAR 1993-94 AND THE MATTER WAS RESTORED FOR FRESH ASSESSMENT BE FORE LD. AO AND THEREFORE, TIME LIMIT AS PROVIDED IN SECTION 153(2A ) APPLIES IN THE INSTANT CASE AND SINCE THE SAME HAS BEEN VIOLATED BY THE LD . AO, THE ASSESSMENT ORDER STOOD VITIATED ON GROUNDS OF LIMITATION AND L IABLE TO BE QUASHED. OUR ATTENTION HAS BEEN DRAWN TO THE FACTUAL MATRIX THAT TRIBUNALS ORDER IN THE FIRST ROUNDS OF APPEAL WAS PASSED ON 10/10/2006 AND PRESUMING THAT THE SAME WAS RECEIVED IN FINANCIAL YEAR 2006-07, THE OR DER OF FRESH ASSESSMENT SHOULD HAVE BEEN PASSED WITHIN 9 MONTHS I.E. BY 31/12/2007 AS PER SECOND PROVISO AS AGAINST 30/04/2012 PASSED BY THE LD. AO. STRETCHING IT FURTHER, CONSEQUENTIAL ORDER FOR AY 9 4-95 WAS PASSED BY LD. CIT ON 13/05/2009 PURSUANT TO DIRECTIONS OF TRIBUNA L FOR 1994-95 AND THEREFORE, EVEN TAKING THIS DATE AS THE RELEVANT DA TE, THE ORDER SHOULD HAVE BEEN PASSED LATEST BY 31/12/2010 AND SINCE IT WAS B EYOND LIMIT FROM ANY ANGLE AND THEREFORE, BAD IN LAW. OUR ATTENTION IS F URTHER DRAWN TO THE FACT THAT THE ASSESSEE, UPON RECEIPT OF LD. CIT(A)S ORD ER DATED 13/05/2009 FOR AY 94-95, SUBMITTED THE SAME TO LD. AO ON 19/05/200 9 FOR ADJUDICATION OF THE MATTER FOR AY 93-94 AND DESPITE THAT THE LD. AO FAILED TO PASS THE NECESSARY CONSEQUENTIAL ORDER WITHIN TIME FOR IMPUG NED AY. 5. PER CONTRA, LD. DR PLACED RELIANCE ON THE FINDING OF LD. CIT(A ) AND CONTENDED THAT CONSEQUENTIAL ORDER WAS PASSED PURSU ANT TO FINDINGS AND DIRECTIONS OF THE TRIBUNAL AND THEREFORE, THERE WAS NO TIME LIMIT FOR PASSING THE ORDER AS PER SECTION 153(3)(II) AND HENCE THE S AME WAS PERFECTLY VALID. 5 ITA NO.4541/MUM/2014 PURANMAL DELHIWALA ASSESSMENT YEAR 1993-94 6. IN THE REJOINDER, LD. AR HAS CONTENDED THAT THER E WERE NO FINDING / DIRECTION BY TRIBUNAL IN THE FIRST ROUND OF APPEAL AND THE MATTER WAS SIMPLY RESTORED FOR FRESH ASSESSMENT AND THEREFORE THE PRO VISIONS OF SECTION 153(2A) SQUARELY APPLIED TO THE ASSESSEE. RELIANCE HAS BEEN PLACED ON THE JUDGEMENT OF APEX COURT IN RAJINDER NATH VS. CIT [120 ITR 14 13/08/1979] FOR THE MEANING OF THE EXPRESSION FINDING & DIRECTIONS. 7. WE HAVE HEARD RIVAL CONTENTIONS AND PERUSED RELE VANT MATERIAL ON RECORD. FIRST OF ALL, WE NOTE THAT THE MATTER IN IM PUGNED AY WAS RESTORED TO THE AO BY THE TRIBUNAL VIDE ORDER DATED 10/10/2006 IN FIRST ROUND BY MAKING THE FOLLOWING OBSERVATION:- 2. AT THE TIME OF HEARING, THE LD. COUNSEL FOR THE ASSESSEE SUBMITTED THAT IDENTICAL ISSUE RAISED BY THE ASSESSEE IN HIS APPEAL BEARING ITA NO. 5458/MUM/2004 FOR AY 1994-95 HAS ALREADY BEEN HEARD BY F BENCH OF THIS TRIBUNAL ON 08.08.2006 AND THAT THE ASSESSING OFFICER SHOULD THEREFORE BE DIRECTED TO DISPOSE OF THIS MATTER ALSO IN ACCORDANCE WITH THE DECISION OF THE TRIBUNAL IN THE AFORESAID APPEAL FILED BY THE ASSESSEE. WE ORDER ACCORDINGLY. FURTHER, THE TRIBUNAL IN ITA NO. 5458/MUM/2004 ORDE R DATED 17/08/2016 FOR AY 1994-95, RESTORED THE MATTER BACK TO THE FILE OF LD. CIT(A) WITH FOLLOWING OBSERVATIONS:- 3. HEARD BOTH THE PARTIES WE FIND THAT THE CIT(A) HAS PASSED IMPUGNED ORDER WITHOUT GIVING PROPER AND SUFFICIENT OPPORTUNITY TO THE ASS ESSEE TO EXPLAIN THE CASE. IN VIEW OF THIS POSITION, WE ARE OF THE CONSIDERED VIEW THAT I F ONE MORE OPPORTUNITY IS GIVEN TO THE ASSESSEE TO SUBMIT HIS SAY WOULD MEET ENDS OF JUSTI CE AND NO HARM WOULD BE CAUSED TO THE INTERESTS OF THE REVENUE. WE, THEREFORE REMIT THIS APPEAL TO THE FILE OF THE CIT(A) AND DIRECT THE CIT(A) TO GIVE FAIR AND REASONABLE OPPOR TUNITY TO THE ASSESSEE AND DECIDE THE APPEAL AFRESH. (EMPHASIS, BEING SUPPLIED BY US) 6 ITA NO.4541/MUM/2014 PURANMAL DELHIWALA ASSESSMENT YEAR 1993-94 THEREFORE, IT IS PERTINENT TO NOTE THAT THE MATTER IN AY 94-95 HAS BEEN RESTORED BACK TO THE FILE OF LD. CIT(A) TO DECIDE T HE APPEAL AFRESH AND THE MATTER FOR AY 93-94 HAS BEEN RESTORED ON SIMILAR LI NES TO THE FILE OF AO FOR FRESH ADJUDICATION. AT THIS JUNCTURE, IT WOULD BE R ELEVANT TO REPRODUCE RELEVANT STATUTORY PROVISIONS AS CONTAINED IN SECTI ON 153 WHICH ARE AS FOLLOWS:- '153. TIME-LIMIT FOR COMPLETION OF ASSESSMENTS AND REASSESSMENTS. (1) ............. (2) ............. (2A) NOTWITHSTANDING ANYTHING CONTAINED IN SUB-SS. (1), (1A), (1B) AND (2), IN RELATION TO THE ASSESSMENT YEAR COMMENCING ON THE 1ST APRIL, 19 71, AND ANY SUBSEQUENT ASSESSMENT YEAR, AN ORDER OF FRESH ASSESSMENT IN PU RSUANCE OF AN ORDER UNDER S. 250 OR S. 254 OR S. 263 OR S. 264, SETTING ASIDE OR CAN CELLING AN ASSESSMENT, MAY BE MADE AT ANY TIME BEFORE THE EXPIRY OF ONE YEAR FROM THE END OF THE FINANCIAL YEAR IN WHICH THE ORDER UNDER S. 250 OR S. 254 IS RECEIVED BY THE CHI EF CIT OR CIT OR, AS THE CASE MAY BE, THE ORDER UNDER S. 263 OR S. 264 IS PASSED BY THE C HIEF CIT OR CIT : PROVIDED ........... PROVIDED FURTHER THAT WHERE THE ORDER UNDER SECTION 254 IS RECEIVED BY THE PRINCIPAL CHIEF COMMISSIONER, CHIEF COMMISSIONER OR PRINCIPAL COMMISSIONER OR COMMISSIONER AS THE CASE MAY BE, THE ORDER UNDER SECTION 263 OR SECTION 264 IS PASSED BY THE PRINCIPAL COMMISSIONER OR COMMISSIONER ON OR AF TER THE 1ST DAY OF APRIL, 2005 BUT BEFORE THE 1ST DAY OF APRIL, 2011, THE PROVISIONS O F THIS SUB-SECTION SHALL HAVE EFFECT AS IF FOR THE WORDS 'ONE YEAR', THE WORDS 'NINE MONTHS' H AD BEEN SUBSTITUTED. .. (3) THE PROVISIONS OF SUB-SS. (1), (1A), (1B) AND ( 2) SHALL NOT APPLY TO THE FOLLOWING CLASSES OF ASSESSMENTS, REASSESSMENTS AND RECOMPUTA TIONS WHICH MAY, SUBJECT TO THE PROVISIONS OF SUB-S. (2A), BE COMPLETED AT ANY TIME - (I) ............. (II) WHERE THE ASSESSMENT, REASSESSMENT OR RECOMPUT ATION IS MADE ON THE ASSESSEE OR ANY PERSON IN CONSEQUENCE OF OR TO GIVE EFFECT TO A NY FINDING OR DIRECTION CONTAINED IN AN ORDER UNDER SS. 250, 254, 260, 262, 263, OR 264 OR IN AN ORDER OF ANY COURT IN A PROCEEDING OTHERWISE THAN BY WAY OF APPEAL OR REFER ENCE UNDER THIS ACT.' 7 ITA NO.4541/MUM/2014 PURANMAL DELHIWALA ASSESSMENT YEAR 1993-94 EXPLANATION 2. WHERE, BY AN ORDER REFERRED TO IN CLAUSE (II) OF SU B-SECTION (3), ANY INCOME IS EXCLUDED FROM THE TOTAL INCOME OF THE ASS ESSEE FOR AN ASSESSMENT YEAR, THEN, AN ASSESSMENT OF SUCH INCOME FOR ANOTHER ASSESSMENT YEAR SHALL, FOR THE PURPOSES OF SECTION 150 AND THIS SECTION, BE DEEMED TO BE ONE M ADE IN CONSEQUENCE OF OR TO GIVE EFFECT TO ANY FINDING OR DIRECTION CONTAINED IN THE SAID ORDER. UPON PERUSAL OF STATUTORY PROVISIONS, WE FIND THAT IN CASE OF CANCELLATION OR SETTING ASIDE OF ASSESSMENT, THE PROVISIONS OF SUB- SECTION (2A) APPLIES WHEREAS ASSESSMENT PURSUANT TO FINDINGS OR DIRECTIONS ARE GOVERNED BY SUB-SECTION (3) WHERE THERE IS NO TIME LIMIT PRESCR IBED TO PASS THE ORDER. WE HAVE ALREADY PERUSED THE ORDER OF TRIBUNAL IN AY 93 -94 WHERE WE HAVE NOTED THAT THE MATTER HAS BEEN RESTORED BACK TO AO FOR FRESH ADJUDICATION WHICH WAS ON SIMILAR LINES AS HELD BY TRIBUNAL IN A SSESSEES OWN CASE FOR AY 94-95. 8. SO FAR AS THE MEANING OF EXPRESSIONS FINDINGS OR DIRECTIONS ARE CONCERNED, THE APEX COURT IN THE CITED CASE LAWS HA S OBSERVED AS UNDER:- 2 . THE EXPRESSIONS FINDING AND DIRECTION ARE L IMITED IN MEANING. A FINDING GIVEN IN A APPEAL, REVISION OR REFERENCE ARISING OUT OF AN ASS ESSMENT MUST BE A FINDING NECESSARY FOR THE DISPOSAL OF THE PARTICULAR CASE, THAT IS TO SAY, IN RESPECT OF THE PARTICULAR ASSESSE AND IN RELATION TO THE PARTICULAR ASSESSMENT YEAR. TO BE A NECESSARY FINDING, IT MUST BE DIRECTLY INVOLVED IN THE DISPOSAL OF THE CASE. IT IS POSSIBLE IN CERTAIN CASES THAT IN ORDER TO RENDER A FINDING IN RESPECT OF A, A FINDING IN R ESPECT OF B MAY BE CALLED FOR. FOR INSTANCE, WHERE THE FACTS SHOW THAT THE INCOME CAN BELONG EITHER TO A OR B AND TO NO ONE ELSE, A FINDING THAT IT BELONGS TO B OR DOES NO T BELONG TO B WOULD BE DETERMINATIVE OF THE ISSUE WHETHER IT CAN BE TAXED AS AS INCOME. A FINDING RESPECTING B IS INTIMATELY INVOLVED AS A STEP IN THE PROCESS OF REACHING THE U LTIMATE FINDING RESPECTING A. IF, HOWEVER, THE FINDING AS TO AS LIABILITY CAN BE DIR ECTLY ARRIVED AT WITHOUT NECESSITATING A FINDING IN RESPECT OF B, THEN A FINDING MADE IN RES PECT OF B IS AN INCIDENTAL FINDING ONLY. IT IS NOT A FINDING NECESSARY FOR THE DISPOSAL OF T HE CASE PERTAINING TO A. THE SAME PRINCIPLES SEEM TO APPLY WHEN THE QUESTION IS WHETH ER THE INCOME UNDER ENQUIRY IS TAXABLE IN THE ASSESSMENT YEAR UNDER CONSIDERATION OR ANY OTHER ASSESSMENT YEAR. AS REGARDS THE EXPRESSION DIRECTION IN S. 153(3)(II) OF THE ACT, IT IS NOW WELL SETTLED THAT IT MUST BE AN EXPRESS DIRECTION NECESSARY FOR THE DISP OSAL OF THE CASE BEFORE THE AUTHORITY OR COURT. IT MUST ALSO BE A DIRECTION WHICH THE AU THORITY OR COURT IS EMPOWERED TO GIVE 8 ITA NO.4541/MUM/2014 PURANMAL DELHIWALA ASSESSMENT YEAR 1993-94 WHILE DECIDING THE CASE BEFORE IT. THE EXPRESSIONS FINDING AND DIRECTION IN S. 153(3)(II) OF THE ACT MUST BE ACCORDINGLY CONFINED. S.153(3)(II) IS NOT A PROVISION ENLARGING THE JURISDICTION OF THE AUTHORITY OR COUR T. IT IS A PROVISION WHICH MERELY RAISES THE BAR OF LIMITATION FOR MAKING AN ASSESSMENT ORDE R UNDER S. 143 OR S. 144 OR S. 147: ITO V MURLIDHAR BHAGWAN DAS [1964] 52 ITR 335 (SC) AND N.K.T. SIVALINGAM CHETTIAR V. CIT[1967]66 ITR 586(SC). THE QUESTION FORMULATED BY THE TRIBUNAL RAISES THE POINT WHETHER THE AAC COULD CONVERT THE PROVISIONS OF S. 147(1) INTO THOSE OF S. 153(3)(II) OF THE ACT. IN VIEW OF S. 153(3)(II) DEALING WITH LIMI TATION MERELY, IT IS NOT EASY TO APPRECIATE THE RELEVANCE OR VALIDITY OF THE POINT. 9. THEREFORE AFTER APPRECIATING THE FACTUAL MATRIX VIS--VIS STATUTORY PROVISIONS, WE FIND THAT THE TRIBUNAL IN THE IMPUGN ED AY HAD RESTORED THE MATTER TO THE LD. AO SIMPLICITOR FOR FRESH ADJUDICA TION WITHOUT ANY FINDING OR DIRECTION SINCE THE ASSESSEE ASSAILED THE ASSESSMEN T ON THE GROUND OF PRINCIPLE OF NATURAL JUSTICE. THERE WERE NO FINDING S OR DIRECTIONS BY THE TRIBUNAL AND HENCE, THE PROVISIONS OF SUB-SECTION ( 2A) APPLIED TO THE ASSESSEE AND THE CONSEQUENTIAL ORDER WAS SUBJECT TO THE PRESCRIBED TIME LIMITATION. ACCORDINGLY, THE CONSEQUENTIAL ASSESSME NT ORDER PASSED BY LD. AO DATED 30/04/2012 STOOD VITIATED ON THE GROUNDS O F LIMITATION AND HENCE LIABLE TO BE QUASHED. WE ORDER ACCORDINGLY AND ALLO W ASSESSEES APPEAL ON LEGAL GROUNDS. 10. SINCE, WE HAVE ALREADY ALLOWED ASSESSEES APPEA L ON LEGAL GROUND, WE FIND NO REASON TO DELVE INTO THE MATTER ANY FURT HER ON MERITS OR OTHER GROUNDS OF APPEAL. 9 ITA NO.4541/MUM/2014 PURANMAL DELHIWALA ASSESSMENT YEAR 1993-94 11. THE ASSESSEES APPEAL STAND ALLOWED IN TERMS OF OUR ABOVE ORDER. ORDER PRONOUNCED IN THE OPEN COURT ON 17 TH MAY, 2017 SD/- SD/- (JOGINDER SINGH) (MANOJ KUMAR AGGARWAL) / JUDICIAL MEMBER / ACCOUNTANT MEMBER MUMBAI; DATED : 17 .05.2017 SR.PS:- THIRUMALESH / COPY OF THE ORDER FORWARDED TO : 1. ' / THE APPELLANT 2. #$ ' / THE RESPONDENT 3. , ( ) / THE CIT(A) 4. , / CIT CONCERNED 5. #'. , . , / DR, ITAT, MUMBAI 6. /0 / GUARD FILE / BY ORDER, / (DY./ASSTT. REGISTRAR) , / ITAT, MUMBAI