ACIT, Najibabad V. Shri Dhruv Raj Singh, Bijnor

ITA 5195/DEL/2014

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 6786 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 9 month(s) 20 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 12-07-2018
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: B
• Next Hearing Date: 31-07-2017
• Assessment Year: 2011-2012
• Appeal Filed On: 22-09-2014
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: VIJAY KR JIWANI
• Keywords: Gift; Salary income; Audit objection; Tax effect
• Section: 69C; 115JB; 12AA

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH B, NEW DELHI BEFORE SHRI H.S. SIDHU, JUDICIAL MEMBER AND SHRI L.P. SAHU, ACCOUNTANT MEMBER ITA NO. 5195/DEL/2014 ASSESSMENT YEAR: 2011-12 ACIT, CIRCLE, NAJIBABAD VS. SH. DHRUV RAJ SINGH, NAJIBABAD, MOH. KILA, SAHANPUR, BIJNOR (PAN: AUTPS6213N) (APPELLANT) (RESPONDENT) DEPARTMENT BY : SH. VIJAY KR. JIWANI, SR. DR ASSESSEE BY : SH. PIYUSH KAUSHIK, ADV. ORDER PER H.S. SIDHU, JM THE DEPARTMENT HAS FILED THIS APPEAL AGAINST THE O RDER DATED 02.6.2014 OF LD. CIT(A)-BAREILLY PERTAINING TO ASSESSMENT YEAR 2011-12. EARLIER THE DEPARTMENT HAS RAISED AS MANY AS 11 GROUNDS WHICH WERE LENGTHY AND ARGUME NTATIVE IN NATURE. LATER THE DEPARTMENT HAS FILED THE FOL LOWING REVISED GROUNDS WHICH READ AS UNDER:- 1. ON THE FACTS AND IN THE CIRCUMSTANCES OF THE CASE & IN LAW, THE ORDER OF THE CIT(A) IS WRONG PERVERSE, ILLEGAL AND AGAINST THE PROVISIONS OF LAW WHICH IS LIABLE TO BE SET ASIDE. 2. ON THE FACTS AND IN THE CIRCUMSTANCES OF THE CASE, THE LD. CIT(APPEALS) HAS ERRED IN ALLOWING RELIEF OF RS.3,43,000 OUT OF ADDITION MADE ON ACCOUNT OF UNEXPLAINED CASH 2 DEPOSITS IN SCB BANK ACCOUNT. THE LD. CIT(A) HAS IGNORED THE FACT THAT ASSESSEE CHANGED HIS STAND FREQUENTLY DURING ASSESSMENT PROCEEDINGS. 3. ON THE FACTS AND IN THE CIRCUMSTANCES OF THE CASE, THE LD. CIT(APPEALS) HAS ERRED IN ALLOWING RELIEF OF RS.5,20,000/- OUT OF ADDITION MADE ON ACCOUNT OF UNEXPLAINED CASH DEPOSITS IN SCB BANK ACCOUNT IGNORING THE FACT THAT INITIALLY THE ASSESSEE HAS DENIED IN WRITING THAT NO GIFTS RECEIVED DURING THE YEAR, WHEREAS LATER ON CHANGED HIS STAND TO TAKING RS.4 LAC & RS.1.20 LAC AS CASH GIFTS FROM WIFE AND MOTHER RESPECTIVELY. 4. ON THE FACTS AND IN THE CIRCUMSTANCES OF THE CASE, THE LD. CIT(APPEALS) HAS ERRED IN ALLOWING RELIEF OF RS.50,000/- OUT OF ADDITION MADE ON ACCOUNT OF UNEXPLAINED CASH DEPOSITS IN SBI BANK ACCOUNT IGNORING THE FACT THAT THIS SBI ACCOUNT IN WHICH THE CASH OF RS.50,000/- DEPOSITED, WAS NOT DISCLOSED BY THE ASSESSEE TO THE DEPARTMENT. 5. ON THE FACTS AND IN THE CIRCUMSTANCES OF THE CASE, THE LD. CIT(APPEALS) HAS ERRED IN REDUCING THE SALARY INCOME BY RS.63,794/- IGNORING THE FACT THAT THE ADDITION TO THE SALARY INCOME HAS BEEN MADE TAKING INTO ACCOUNT INCOME DEPICTED BY THE EMPLOYER IN 26AS. 6. ON THE FACTS AND IN THE CIRCUMSTANCES OF THE CASE, THE LD. CIT(APPEALS) HAS ERRED IN DELETING THE ADDITION MADE OF RS. 10,47,149/- AS MADE IN R/O SALARY EARNED IN SINGAPORE IN 3 THE LAST QUARTER OF F.Y. 2010-1 1 IGNORING THAT THE ASSESSEE HAS NOT DISCLOSED THE SAID SALARY INCOME TO THE DEPARTMENT IN HIS ITR OR EVEN DURING ASSESSMENT PROCEEDINGS AND ALSO THE ASSESSEE WAS RESIDENT IN INDIA DURING THE RELEVANT FINANCIAL YEAR. 7. ON THE FACTS AND IN THE CIRCUMSTANCES OF THE CASE, THE LD. CIT APPEALS HAS ERRED IN DELETING THE ADDITION MADE OF RS.24.61,000/- ON ACCOUNT OF SHORT TERM CAPITAL GAIN IN R/O TRANSFER OF BOOKING RIGHTS IN EMERALD FLOORS, GURGAON WITHOUT APPRECIATING THE FACT THAT THE ASSESSEE HAS NOT DISCLOSED IT AND IT WAS CAME OUT BY THE EFFORTS MADE BY THE ASSESSING OFFICER. 8. ON THE FACTS AND IN THE CIRCUMSTANCES OF THE CASE, THE LD. CIT(APPEALS! HAS ERRED IN ALLOWING RELIEF TO THE EXTENT OF RS. 1,65,8757- OUT OF DISALLOWANCE OF RS.2,17,337/- IN R/O ALLEGED REIMBURSEMENTS IGNORING THE FACTS THAT THE ASSESSEE HAS INITIALLY DENIED RECEIPT OF ANY AMOUNT TOWARDS REIMBURSEMENTS. 9. ON THE FACTS AND IN THE CIRCUMSTANCES OF THE CASE, THE LD. CIT(APPEALS) HAS ERRED IN DELETING THE ENTIRE ADDITION OF RS.8,40,000/- MADE AS DEEMED RENT U/S 23(1) OF THE I.T. ACT, 1961 FOR HIS THREE IMMOVABLE PROPERTIES. 10. ON THE FACTS AND IN THE CIRCUMSTANCE OF THE CASE, THE LD.CIT(APPEALS) HAS ERRED IN DELETING THE ADDITION OF RS.2.00 LAKHS MADE U/S 69C IGNORING THE FACTS THAT THE ADDITION WAS MADE VERY REASONABLY AS FOR THE 4 SPRAWLING ERSTWHILE ESTATE PROPERTIES HAVING ARE OF ABOUT 13000 SQ. FT. 11. THE APPELLANT CRAVES LEAVE TO ADD, TO ALTER, OR AMEND ANY GROUNDS OF THE APPEAL RAISED ABOVE AT THE TIME OF HEARING. 2. THE AFORESAID APPEAL CAME UP FOR HEARING BEFORE THE BENCH TODAY I.E. 12.07.2018. AT THE TIME OF HEARING, LD. COUNSEL OF THE ASSESSEE SUBMITTED THAT THE TAX EFFECT IN THE PRESE NT APPEAL IS LESS THAN RS. 20 LACS AND IN VIEW OF THE LATEST CBDTS CIRCULAR NO. CIRCULAR NO. 3/2008 DATED 11 TH JULY, 2018, THE PRESENT APPEAL MAY BE DISMISSED. IN SUPPORT OF HIS CONTENTION, HE HAS FIL ED A CHART SHOWING TAX EFFECT INVOLVED IN THE PRESENT APPEAL IS RS. 17 ,58,462.76. THE COPY OF THE SAID CHART HAS ALSO BEEN GIVEN TO THE L D. DR, WHO COULD NOT CONTROVERT THE CONTENTION RAISED BY THE ASSESSE ES COUNSEL. 3. WE HAVE HEARD BOTH THE PARTIES AND PERUSED THE RECORDS AVAILABLE WITH US AND THE AMOUNT OF ADDITIONS INVOL VED IN THE PRESENT APPEAL. KEEPING IN VIEW OF THE CIRCULAR NO. 3/2008 DATED 11 TH JULY, 2018 ISSUED VIDE F.NO. 279/MISC. 142/2007-ITJ (PT.) BY THE CBDT, WE ARE OF THE VIEW THAT THE REQUEST OF THE LD. COUNSEL OF THE ASSESSEE IS ACCEPTABLE AND THE APPEAL FILED BY THE DEPARTMENT D ESERVE TO BE DISMISSED. FOR THE SAKE OF CONVENIENCE, THE CONTEN TS OF THE SAID CBDTS CIRCULAR ARE REPRODUCED AS UNDER:- SUBJECT: REVISION OF MONETARY LIMITS FOR FILING OF APPEALS BY THE DEPARTMENT BEFORE INCOME TAX APPELLATE TRIBUNAL, HIGH COURTS AND SLPS/APPEALS BEFORE SUPRE ME COURT-MEASURES FOR REDUCING LITIGATION-REG. 5 REFERENCE IS INVITED TO BOARDS CIRCULAR NO. 21 OF 2015 DATED 10.12.2015 WHEREIN MONETARY LIMITS AND OTHER CONDITIONS FOR FILING DEPARTMENTAL APPEALS (IN INCOME-TAX MATT ERS) BEFORE INCOME TAX APPELLATE TRIBUNAL, HIGH COURTS AND SLPS / APPEALS BEFORE SUPREME COURT WERE SPECIFIED. 2. IN SUPERSESSION OF THE ABOVE CIRCULAR, IT HAS BE EN DECIDED BY THE BOARD THAT DEPARTMENTAL APPEALS MAY BE FILED ON MERITS BEFORE INCOME TAX APPELLATE TRIBUNAL AND HIGH COURT S AND SLPS/ APPEALS BEFORE SUPREME COURT KEEPING IN VIEW THE MONETARY LIMITS AND CONDITIONS SPECIFIED BELOW. 3. HENCEFORTH, APPEALS/ SLPS SHALL NOT BE FILED IN CASES WHERE THE TAX EFFECT DOES NOT EXCEED THE MONETARY LIMITS GIVEN HEREUNDER: S. NO. APPEALS/SLPS IN INCOME -TAX MATTERS MONETARY LIMIT (IN RS) 1 BEFORE APPELLATE TRIBUNAL 20,00,000/- 2 BEFORE HIGH COURT 50,00,000/- 3 BEFORE SUPREME COURT 1,00,00,000/- IT IS CLARIFIED THAT AN APPEAL SHOULD NOT BE FILED MERELY BECAUSE THE TAX EFFECT IN A CASE EXCEEDS THE MONETARY LIMIT S PRESCRIBED ABOVE. FILING OF APPEAL IN SUCH CASES IS TO BE DECI DED ON MERITS OF THE CASE. 4. FOR THIS PURPOSE, TAX EFFECT MEANS THE DIFFERE NCE BETWEEN THE TAX ON THE TOTAL INCOME ASSESSED AND THE TAX TH AT WOULD HAVE BEEN CHARGEABLE HAD SUCH TOTAL INCOME BEEN RED UCED BY THE AMOUNT OF INCOME IN RESPECT OF THE ISSUES AGAIN ST WHICH APPEAL IS INTENDED TO BE FILED (HEREINAFTER REFERRE D TO AS DISPUTED ISSUES). FURTHER, TAX EFFECT SHALL BE T AX INCLUDING APPLICABLE SURCHARGE AND CESS. HOWEVER, THE TAX WIL L NOT INCLUDE ANY INTEREST THEREON, EXCEPT WHERE CHARGEABILITY OF INTEREST ITSELF IS IN DISPUTE. IN CASE THE CHARGEABILITY OF INTEREST IS THE ISSUE UNDER DISPUTE, THE AMOUNT OF INTEREST SHALL B E THE TAX EFFECT. IN CASES WHERE RETURNED LOSS IS REDUCED OR ASSESSED AS INCOME, THE TAX EFFECT WOULD INCLUDE NOTIONAL TAX O N DISPUTED ADDITIONS. IN CASE OF PENALTY ORDERS, THE TAX EFFEC T WILL MEAN QUANTUM OF PENALTY DELETED OR REDUCED IN THE ORDER TO BE APPEALED AGAINST. 5. THE ASSESSING OFFICER SHALL CALCULATE THE TAX EF FECT SEPARATELY FOR EVERY ASSESSMENT YEAR IN RESPECT OF THE DISPUTE D ISSUES IN THE CASE OF EVERY ASSESSEE. IF, IN THE CASE OF AN A SSESSEE, THE DISPUTED ISSUES ARISE IN MORE THAN ONE ASSESSMENT Y EAR, APPEAL CAN BE FILED IN RESPECT OF SUCH ASSESSMENT YEAR OR YEARS IN WHICH THE TAX EFFECT IN RESPECT OF THE DISPUTED ISS UES EXCEEDS 6 THE MONETARY LIMIT SPECIFIED IN PARA 3. NO APPEAL S HALL BE FILED IN RESPECT OF AN ASSESSMENT YEAR OR YEARS IN WHICH THE TAX EFFECT IS LESS THAN THE MONETARY LIMIT SPECIFIED IN PARA 3. IN OTHER WORDS, HENCEFORTH, APPEALS CAN BE FILED ONLY WITH REFERENCE TO THE TAX EFFECT IN THE RELEVANT ASSESSM ENT YEAR. HOWEVER, IN CASE OF A COMPOSITE ORDER OF ANY HIGH C OURT OR APPELLATE AUTHORITY, WHICH INVOLVES MORE THAN ONE A SSESSMENT YEAR AND COMMON ISSUES IN MORE THAN ONE ASSESSMENT YEAR, APPEALS SHALL BE FILED IN RESPECT OF ALL SUCH ASSES SMENT YEARS EVEN IF THE TAX EFFECT IS LESS THAN THE PRESCRIBED MONETARY LIMITS IN ANY OF THE YEAR(S), IF IT IS DECIDED TO FILE APP EAL IN RESPECT OF THE YEAR(S) IN WHICH TAX EFFECT EXCEEDS THE MONETAR Y LIMIT PRESCRIBED. IN CASE WHERE A COMPOSITE ORDER/JUDGEME NT INVOLVES MORE THAN ONE ASSESSEE, EACH ASSESSEE SHAL L BE DEALT WITH SEPARATELY. 6. FURTHER, WHERE INCOME IS COMPUTED UNDER THE PROV ISIONS OF SECTION 115J13 OR SECTION 115JC, FOR THE PURPOSES O F DETERMINATION OF TAX EFFECT, TAX ON THE TOTAL INC OME ASSESSED SHALL BE COMPUTED AS PER THE FOLLOWING FORMULA- (A B) + (C D) WHERE, A = THE TOTAL INCOME ASSESSED AS PER THE PROVISIONS OTHER THAN THE PROVISIONS CONTAINED IN SECTION 115JB OR SECTIO N 115JC (HEREIN CALLED GENERAL PROVISIONS); B = THE TOTAL INCOME THAT WOULD HAVE BEEN CHARGEABL E HAD THE TOTAL INCOME ASSESSED AS PER THE GENERAL PROVISIONS BEEN REDUCED BY THE AMOUNT OF THE DISPUTED ISSUES UNDER GENERAL PROVISIONS; C = THE TOTAL INCOME ASSESSED AS PER THE PROVISIONS CONTAINED IN SECTION 115JB OR SECTION 115JC; D = THE TOTAL INCOME THAT WOULD HAVE BEEN CHARGEABL E HAD THE TOTAL INCOME ASSESSED AS PER THE PROVISIONS CONTAIN ED IN SECTION 115JB OR SECTION 1I5DCWAS REDUCED BY THE AMOUNT OF DISPUTED ISSUES UNDER THE SAID PROVISIONS: HOWEVER, WHERE THE AMOUNT OF DISPUTED ISSUES IS CON SIDERED BOTH UNDER THE PROVISIONS CONTAINED IN SECTION 115J B OR SECTION 115JC AND UNDER GENERAL PROVISIONS, SUCH AMOUNT SHA LL NOT BE REDUCED FROM TOTAL INCOME ASSESSED WHILE DETERMININ G THE AMOUNT UNDER ITEM D. 7. IN A CASE WHERE APPEAL BEFORE A TRIBUNAL OR A COURT IS NOT FILED ONLY ON ACCOUNT OF THE TAX EFFECT BEING L ESS THAN THE MONETARY LIMIT SPECIFIED ABOVE, THE PR. COMMISS IONER OF INCOME-TAX/ COMMISSIONER OF INCOME TAX SHALL SPECIFICALLY RECORD THAT EVEN THOUGH THE DECISION IS NOT ACCEPTABLE, APPEAL IS NOT BEING FILED ONLY ON THE CONSIDERATION THAT THE TAX EFFECT IS LESS THAN THE 7 MONETARY LIMIT SPECIFIED IN THIS CIRCULAR. FURTHER , IN SUCH CASES, THERE WILL BE NO PRESUMPTION THAT THE INCOME-TAX DEPARTMENT HAS ACQUIESCED IN THE DECISIO N ON THE DISPUTED ISSUES. THE INCOME-TAX DEPARTMENT SHALL NOT BE PRECLUDED FROM FILING AN APPEAL AGAINST THE DISP UTED ISSUES IN THE CASE OF THE SAME ASSESSEE FOR ANY OTHER ASSE SSMENT YEAR, OR IN THE CASE OF ANY OTHER ASSESSEE FOR THE SAME OR ANY OTHER ASSESSMENT YEAR, IF THE TAX EFFECT EXCEEDS TH E SPECIFIED MONETARY LIMITS. 8. IN THE PAST, A NUMBER OF INSTANCES HAVE COME TO THE NOTICE OF THE BOARD, WHEREBY AN ASSESSEE HAS CLAIMED RELIE F FROM THE TRIBUNAL OR THE COURT ONLY ON THE GROUND THAT THE D EPARTMENT HAS IMPLICITLY ACCEPTED THE DECISION OF THE TRIBUNA L OR COURT IN THE CASE OF THE ASSESSEE FOR ANY OTHER ASSESSMENT Y EAR OR IN THE CASE OF ANY OTHER ASSESSEE FOR THE SAME OR ANY OTHER ASSESSMENT YEAR, BY NOT FILING AN APPEAL ON THE SAM E DISPUTED ISSUES. THE DEPARTMENTAL REPRESENTATIVES/COUNSELS M UST MAKE EVERY EFFORT TO BRING TO THE NOTICE OF THE TRIBUNAL OR THE COURT THAT THE APPEAL IN SUCH CASES WAS NOT FILED OR NOT ADMITTED ONLY FOR THE REASON OF THE TAX EFFECT BEING LESS THAN TH E SPECIFIED MONETARY LIMIT AND, THEREFORE, NO INFERENCE SHOULD BE DRAWN THAT THE DECISIONS RENDERED THEREIN WERE ACCEPTABLE TO THE DEPARTMENT. ACCORDINGLY, THEY SHOULD IMPRESS UPON T HE TRIBUNAL OR THE COURT THAT SUCH CASES DO NOT HAVE A NY PRECEDENT VALUE AND ALSO BRING TO THE NOTICE OF THE TRIBUNAL/ COURT THE PROVISIONS OF SUB SECTION (4) OF SECTION 268A OF THE INCOME-TAX ACT, 1961 WHICH READ AS UNDER : (4) THE APPELLATE TRIBUNAL OR COURT, HEARING SUCH APPEAL OR REFERENCE, SHALL HAVE REGARD TO THE ORDERS, INSTRUC TIONS OR DIRECTIONS ISSUED UNDER SUB-SECTION (1) AND THE CIR CUMSTANCES UNDER WHICH SUCH APPEAL OR APPLICATION FOR REFERENC E WAS FILED OR NOT FILED IN RESPECT OF ANY CASE. 9. AS THE EVIDENCE OF NOT FILING APPEAL DUE TO THI S CIRCULAR MAY HAVE TO BE PRODUCED IN COURTS, THE JUDICIAL FOLDERS IN THE OFFICE OF PR.CSIT/ CSIT MUST BE MAINTAINED IN A SYSTEMIC M ANNER FOR EASY RETRIEVAL. 10. ADVERSE JUDGMENTS RELATING TO THE FOLLOWING ISS UES SHOULD BE CONTESTED ON MERITS NOTWITHSTANDING THAT THE TAX EFFECT ENTAILED IS LESS THAN THE MONETARY LIMITS SPECIFIED IN PARA 3 ABOVE OR THERE IS NO TAX EFFECT: (A) WHERE THE CONSTITUTIONAL VALIDITY OF THE PROVIS IONS OF AN ACT OR RULE IS UNDER CHALLENGE, OR 8 (B) WHERE BOARDS ORDER, NOTIFICATION, INSTRUCTION OR CIRCULAR HAS BEEN HELD TO BE ILLEGAL OR ULTRA FIRES, OR (C) WHERE REVENUE AUDIT OBJECTION IN THE CASE HAS B EEN ACCEPTED BY THE DEPARTMENT, OR (D) WHERE THE ADDITION RELATES TO UNDISCLOSED FOREI GN ASSETS/ BANK ACCOUNTS. 11. THE MONETARY LIMITS SPECIFIED IN PARA 3 ABOVE S HALL NOT APPLY TO WRIT MATTERS AND DIRECT TAX MATTERS OTHER THAN INCOME TAX. FILING OF APPEALS IN OTHER DIRECT TAX MATTERS SHALL CONTINUE TO BE GOVERNED BY RELEVANT PROVISIONS OF STATUTE AN D RULES. FURTHER, IN CASES WHERE THE TAX EFFECT IS NOT QUANT IFIABLE OR NOT INVOLVED, SUCH AS THE CASE OF REGISTRATION OF TRUST S OR INSTITUTIONS UNDER SECTION 12A/ 12AA OF THE IT ACT, 1961 ETC., FILING OF APPEAL SHALL NOT BE GOVERNED BY THE LIMIT S SPECIFIED IN PARA 3 ABOVE AND DECISION TO FILE APPEALS IN SUCH C ASES MAY BE TAKEN ON MERITS OF A PARTICULAR CASE. 12. IT IS CLARIFIED THAT THE MONETARY LIMIT OF RS. 20 LAKHS FOR FILING APPEALS BEFORE THE ITAT WOULD APPLY EQUALLY TO CROSS OBJECTIONS UNDER SECTION 253(4) OF THE ACT. CROSS O BJECTIONS BELOW THIS MONETARY LIMIT, ALREADY FILED, SHOULD BE PURSUED FOR DISMISSAL AS WITHDRAWN/ NOT PRESSED. FILING OF CROS S OBJECTIONS BELOW THE MONETARY LIMIT MAY NOT BE CONSIDERED HENC EFORTH. SIMILARLY, REFERENCES TO HIGH COURTS AND SLPS/ APPE ALS BEFORE SUPREME COURT BELOW THE MONETARY LIMIT OF RS. 50 LA KHS AND RS. 1 CRORE RESPECTIVELY SHOULD BE PURSUED FOR DISM ISSAL AS WITHDRAWN/ NOT PRESSED. REFERENCES BEFORE HIGH COUR T AND SLPS/ APPEALS BELOW THESE LIMITS MAY NOT BE CONSIDE RED HENCEFORTH. 13. THIS CIRCULAR WILL APPLY TO SLPS/ APPEALS/ CRO SS OBJECTIONS/ REFERENCES TO BE FILED HENCEFORTH IN SC/HCS/TRIBUNA L AND IT SHALL ALSO APPLY RETROSPECTIVELY TO PENDING SLPS/ APPEALS / CROSS OBJECTIONS/REFERENCES. PENDING APPEALS BELOW THE SP ECIFIED TAX LIMITS IN PARE 3 ABOVE MAY BE WITHDRAWN/ NOT PRESSE D. 14. THE ABOVE MAY BE BROUGHT TO THE NOTICE OF ALL C ONCERNED. 15. THIS ISSUES UNDER SECTION 268A OF THE INCOME-TA X ACT 1961 4. AFTER PERUSING THE AFORESAID CBDTS INSTRUCTIONS , WE ARE OF THE VIEW THAT TAX EFFECT INVOLVED IN THE PRESENT APPEAL IS LESS THAN 9 RS. 20 LACS AS STATED BY THE LD. COUNSEL OF THE AS SESSEE. THEREFORE, THE PRESENT APPEAL FILED BY THE REVENUE IS DISMISSE D. 5. IN THE RESULT, APPEAL FILED BY THE REVENUE STAN DS DISMISSED. ORDER PRONOUNCED ON 12/07/2018. SD/- SD/- (L.P. SAHU) (H.S. SIDHU) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED: 12/07/2018 *SR BHATNAGAR* COPY FORWARDED TO: - 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT TRUE COPY BY ORDER, ASSISTANT REGISTRAR 10