M/s Shell MRPL Aviation Fuels and Services Limited , Bangalore V. Deputy Commissioner of Income Tax Circle-6(1)(1), Bangalore

ITA 790/BANG/2018

• Counselvise Citation: [2018] 119 COUNSELVISE.COM (IT) 2169 (ITAT-BANGALORE)
• Duration Of Justice: 8 month(s) 2 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 16-11-2018
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: C
• Assessment Year: 2011-2012
• Appeal Filed On: 14-03-2018
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: DR P V PRADEEP KUMAR
• Keywords: Business expenditure; Opportunity of being heard; Earning of tax free income; Additional evidence
• Section: 2; 11; 234B; 14A

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL C BENCH : BANGALORE BEFORE SHRI N.V. VASUDEVAN, VICE PRESIDENT AND SHRI INTURI RAMA RAO, ACCOUNTANT MEMBER ITA NO.790/BANG/2018 ASSESSMENT YEAR : 2011-12 SHELL MRPL AVIATION FUELS AND SERVICES LTD., #102, PRESTIGE SIGMA, VITTAL MALLYA ROAD, BENGALURU-560 001. VS. THE DY. COMMISSIONER OF INCOME- TAX, CIRCLE-6(1)(1), BENGALURU. APPELLANT RESPONDENT APPELLANT BY : SHRI SHARATH RAO, C.A RESPONDENT BY : DR. P.V PRADEEP KUMAR, ADDL. CIT DATE OF HEARING : 12.11.2018 DATE OF PRONOUNCEMENT : 16.11.2018 O R D E R - PER N.V. VASUDEVAN, VICE PRESIDENT THIS IS AN APPEAL FILED BY THE ASSESSEE AGAINST THE ORDER DATED 1.9.2017 OF THE CIT(A)-6, BANGALORE RELATING TO ASS T. YEAR 2011-12. 2. THE ASSESSEE IS A COMPANY ENGAGED IN THE BUSINE SS OF TRADING IN AVIATION TURBINE FUEL (ATF). IT SUPPLIES ATF TO DOM ESTIC AS WELL AS INTERNATIONAL AIRLINES. THE ASSESSEE CAME INTO EXI STENCE PURSUANT TO JOINT VENTURE BETWEEN MANGALORE REFINERY AND PETRO CHEMIC AL LTD., (MERPL) AND SHELL MRPL. IN THE COURSE OF ASST. PROCEEDINGS FOR ASST. YEAR 2011-12, THE AO NOTICED THAT THE ASSESSEE HAD EARNED DIVIDEN D INCOME OF RS.2,07,61,748/- (DIVIDEND ON MUTUAL FUNDS) WHICH W AS EXEMPT UNDER CHAPTER III OF THE INCOME-TAX ACT 1961 (THE ACT). IN VIEW OF THE PROVISIONS ITA NO.790/BANG/2018 PAGE 2 OF 11 OF SEC. 14A OF THE ACT, THE AO CALLED UPON THE ASS ESSEE TO SHOW CAUSE AS TO WHY DISALLOWANCE OF EXPENSES INCURRED TO EARN TA X FREE INCOME SHOULD NOT BE DISALLOWED AND ADDED TO THE TOTAL INCOME OF THE ASSESSEE. THE ASSESSEE SUBMITTED THAT IT HAD NOT INCURRED ANY EXP ENDITURE TO EARN TAX FREE INCOME. THE ASSESSEE SUBMITTED THAT INVESTMENT IN MUTUAL FUNDS WHICH YIELDED TAX FREE DIVIDEND INCOME WERE MADE OU T OF ASSESSES OWN FUNDS AND, THEREFORE, NO DISALLOWANCE OF INTEREST E XPENDITURE DEBITED IN THE PROFIT AND LOSS ACCOUNT CAN BE MADE AS PER RULE 8D( 2)(II) OF THE INCOME-TAX RULES 1962 (RULES). THE ASSESSEE ALSO SUBMITTED TH AT THERE WAS NO EXPENDITURE INCURRED DIRECTLY OR INDIRECTLY TO EARN THE AFORESAID EXEMPT INCOME AND, THEREFORE, NO DISALLOWANCE OF OTHER EXP ENSES SHOULD BE MADE IN TERMS OF RULE 8D(2)(III) OF THE RULES. THE AO, HOWEVER DISALLOWED A SUM OF RS.2,07,62,657/- U/S 14A FOR THE REASON THAT THE ASSESSEE FAILED TO SHOW AS TO HOW INVESTMENTS WERE MADE OUT OF NON INTEREST BEARING FUNDS. THE AO ALSO HELD THAT OTHER EXPENSES HAVE TO BE DISALLO WED IN VIEW OF THE MANDATE U/S 14A R.W. RULE 8D OF THE RULES. THE AO COMPUTED DISALLOWANCE U/S 14A AS FOLLOWS:- ITA NO.790/BANG/2018 PAGE 3 OF 11 3. AGGRIEVED BY THE AFORESAID ORDER OF THE AO, ASS ESSEE PREFERRED APPEAL BEFORE THE CIT(A). THERE WERE 2 SUBMISSIONS MADE BY THE ASSESSEE BEFORE THE CIT(A), THE FIRST SUBMISSION WA S DATED 15/3/2016 AND THE SECOND SUBMISSION WAS DATED 23/8/2017. THESE SU BMISSIONS ARE PLACED AT PAGES 88 TO 99 OF THE ASSESSEES PAPER BO OK. THE APPEAL BEFORE THE CIT(A) WAS FIXED FOR HEARING ON EARLIER OCCASIO N ON 24/8/2017. THE SUBMISSION DATED 23/8/2017 FILED BY THE ASSESSEE WE RE TAKEN COGNIZANCE BY THE CIT(A) AS IS EVIDENT FROM THE DATES OF HEARI NG SET OUT IN THE FIRST PAGE OF THE CIT(A)S ORDER. IN THE AFORESAID SUBMI SSION, THE ASSESSEE HAS POINTED OUT THAT THE DETAILS OF UTILIZATION OF BORR OWED FUNDS ON WHICH INTEREST WAS PAID AND CLAIMED AS EXPENDITURE IN COMPUTING IN COME, WERE BEING FILED WITH SUPPORTING DOCUMENTS, AS WAS REQUIRED BY THE CIT(A) IN THE PERSONAL HEARING ON 26/7/2017. IN THE AFORESAID SU BMISSION, THE ASSESSEE CONTENDED AS FOLLOWS:- IN ADDITIONS TO OUR PAPER BOOK FILED ON MARCH 15, 2015 WE HEREBY SUBMIT THE DOCUMENTS! INFORMATION TO SUBSTANTIATE THAT THE AMOUNT OF WORKING CAPITAL LOAN OBTAINED BY THE APPELLANT DURING FY 2010-11 WAS USED FOR THE PURPOSE OF MAKING PAYMENT TOWARDS ITS BUSINESS EXPENSES; ITA NO.790/BANG/2018 PAGE 4 OF 11 AND NO AMOUNT OF THE LOAN WAS USED FOR INVESTING IN UTI MUTUAL FUNDS. DURING THE YEAR, THE APPELLANT HAS RECEIVED WORKING CAPITAL LOANS FROM CORPORATION AND KOTAK MAHINDRA BANK (ING VYSYA). PLEASE FIND ATTACHED (AS ANNEXURE 1) DETAILS OF THE RECEIPT OF WORKING CAPIT AL LOAN AND UTILIZATION TOWARDS BUSINESS OPERATING EXPENSES DURING FY 2010-11. AS A SUPPORTING DOCUMENTS, WE HAVE ENCLOSED THE EXTRACT OF CORPORATION BANK STATEMENTS AND KOTAK MAHINDRA BANK (ING VYSYA) AS ANNEXURE 2A AND ANNEXURE 2113 RESPECTIVELY. HENCE, IT CANNOT BE SAID THAT LO AN FUND WAS USED FOR MAKING INVESTMENTS. GIVEN THE ABOVE, IT CANNOT BE SAID THAT THIS LOAN WAS USED FO R EARNING ANY EXEMPT INCOME (I.E., DIVIDEND INCOME FROM INVESTMENT IN UTI MUTUAL FUNDS) AND THEREFORE, ANY INTEREST PAID ON SUCH LOAN CANNOT BE DISALLOWED UNDER SECTION 14A. CONSIDERING THE ABOVE FACTS, THE COMPANY SUBMITS THAT THE INVESTMENTS WERE MADE IN UTI MUTUAL FUNDS ARE MADE BY UTILISING ITS OWN FUNDS AND NOT FROM WORKING CAPITAL LOAN AND HENCE DISALLOWANCE OF INTEREST UNDER SECTION 14A IS NOT TENABLE. 4. THE ASSESSEE ALSO ENCLOSED DETAILED WORKINGS AN D SUPPORTING DOCUMENTS ALONG WITH SUBMISSION DATED 23/8/2017 AND THOSE ARE PLACED AT PAGES 100 TO 129 OF THE ASSESSEES PAPER BOOK. 5. THE CIT(A) HOWEVER CONFIRMED THE ORDER OF THE A O BY OBSERVING THAT THE ASSESSEE DID NOT PROVIDE ANY DETAILS CALLED FOR BY THE AO. FOLLOWING WERE RELEVANT OBSERVATION OF THE CIT(A)S ORDER: IN THIS CONTEXT, IT IS NOTED THAT THE APPELLANT HA D NOT PROVIDED DETAILS AS CALLED FOR BY THE AO. THE APPELLANT MERELY SHRUGGED OFF THE MATTER BY CLAIMING THAT SECTION 14A WAS NOT APPLICABLE. THEREFORE THE AO'S ACTION OF INVOKING RULE 8D AND DISALLOWING INVESTMENTS U/S 14A IS FOUND TO BE IN ORDER. RELIANCE IS PLACED ON THE ORDER OF HONBLE ITAT MUMBAI IN THE CASE OF ASHA LALIT KANODIA ITA NO.790/BANG/2018 PAGE 5 OF 11 VS. ADDL. CIT RANGE-12(2), MUMBAI 2016 71 TAXMANN.COM 84 (MUMBAI) TRIB. DATED 17TH FEBRUARY 2016. IN THE CITED CASE, THE HON'BLE ITAT MUMBAI HELD THAT WHERE ASSESSEE CLAIMED THAT NO EXPENSES WERE INCURRED TO EARN EXEMPT DIVIDEND INCOME , ONUS WAS ON ASSESSEE TO SUBSTANTIATE HER CLAIM WITH HER ACCOUNTS AND ON FAILURE TO DO SO, DISALLOWANCE IS TO BE MADE U/S 14A READ WITH RULE 8D. THE GROUND FAILS. DISALLOWANCE IS UPHELD,' 6. AGGRIEVED BY THE ORDER OF THE CIT(A), THE ASSES EE HAS PREFERRED AN APPEAL BEFORE THE TRIBUNAL. THE GRIEVANCE OF THE A SSESSEE IS PROJECTED IN THE FOLLOWING GROUNDS OF APPEAL:- GROUNDS OF APPEAL THE GROUNDS HEREINAFTER TAKEN BY THE APPELLANT ARE WITHOUT PREJUDICE TO ONE ANOTHER. A. DISALLOWANCE OF UNDER SECTION 14A OF THE ACT - R S. 2,07,62,657 A.1 NON-APPLICABILITY OF SECTION 14A 1. THE LEARNED AG AND HON'BLE CIT(A) HAS ERRED IN L AW AND FACTS BY DISALLOWING AN AMOUNT OF RS. 20,762,65 7 UNDER SECTION 14A OF THE ACT, READ WITH RULE 8D OF THE INCOME-TAX RULES, 1962 ('THE RULES'). 2. THE LEARNED AG AND HON'BLE CIT(A) HAS ERRED IN N OT RELYING ON THE JUDICIAL PRECEDENTS WHEREIN IT WAS H ELD THAT NO DISALLOWANCE IS WARRANTED UNDER SECTION 14A OF T HE ACT, IF THERE IS NO ACTUAL EXPENDITURE INCURRED. 3. THE LEARNED AG AND HON'BLE CIT(A) OUGHT TO HAVE APPRECIATED THAT THE INTEREST COST ON BORROWED FUND S ARE NOT UTILIZED FOR INVESTMENT FROM WHICH EXEMPT INCOM E IS EARNED. 4. THE HON'BLE CIT(A) OUGHT TO HAVE CONSIDERED THE DETAILS AND SUPPORTING DOCUMENTS SUBMITTED DURING THE APPEL LATE PROCEEDINGS. ITA NO.790/BANG/2018 PAGE 6 OF 11 5. NOTWITHSTANDING AND WITHOUT PREJUDICE THE ABOVE GROUNDS THE HON'BLE CIT(A) HAS ERRED IN CONFIRMING THE AMOUNT OF DISALLOWANCE MADE BY THE LEARNED AG, AND OUGHT TO HAVE RELIED ON THE PRINCIPLES EMERGED FROM VARIOUS JUDICIAL PRECEDENTS, THAT DISALLOWANCE UNDE R SECTION 14A OF THE ACT WOULD BE RESTRICTED TO AN AM OUNT OF EXEMPT INCOME EARNED DURING THE YEAR UNDER CONSIDERATION. A.2 WRONG COMPUTATION OF DISALLOWANCE UNDER SECTION 14A 1. NOTWITHSTANDING AND WITHOUT PREJUDICE TO THE ABO VE, THE LEARNED AG HAS WRONGLY DISALLOWED AN AMOUNT OF RS. 20,762,657 INSTEAD OF RS. 9,861,700 WHILE COMPUTING DISALLOWANCE UNDER SECTION 14A. 2. THE LEARNED AG HAS ERRED IN CONSIDERING THE AVER AGE OF THE TOTAL ASSETS AS RS. 32,96,00,000 INSTEAD OF RS. 86,07,70,000 WHILE APPLYING THE FORMULA PRESCRIBED UNDER RULE 8D. B. NON-GRANT OF SET OFF OF BROUGHT FORWARD LOSSES 1. THE LEARNED AO AND HON'BLE CIT(A) HAS ERRED IN N OT GRANTING SET-OFF OF BROUGHT FORWARD LOSSES OF AY 20 09-10 AMOUNTING TO RS. 1,816,502 CLAIMED BY THE APPELLANT IN THE RETURN OF INCOME. C. LEVY OF INTEREST UNDER SECTION 234B AND 234C OF THE ACT 1. THE LD. AO HAS ERRED IN LEVYING INTEREST UNDER S ECTION 234B AT RS. 2,803,510 INSTEAD OF RS. 1,109,472. 2. THE INTEREST UNDER SECTION 234B IS CONSEQUENTIAL IN NATURE. 3. THE LD. AO HAS ERRED IN LEVYING INTEREST UNDER S ECTION 234C OF THE ACT AT RS.727,845 WITHOUT APPRECIATING THE LAW THAT, INTEREST UNDER SECTION 234C IS LEVIED ONLY ON RETURNED INCOME AND NOT ON ASSESSED INCOME. ITA NO.790/BANG/2018 PAGE 7 OF 11 REVISED GROUNDS OF APPEAL THE GROUNDS HEREINAFTER TAKEN BY THE APPELLANT ARE WITHOUT PREJUDICE TO ONE ANOTHER. 1 DISALLOWANCE OF UNDER SECTION 14A OF THE INCOME-TAX ACT, 1961 ('ACT') - RS. 2,07,62,657 1.1 NON-APPLICABILITY OF SECTION 14A 1.1.1 THE LEARNED AO AND HON'BLE CIT(A) HAS ERRED I N LAW AND FACTS BY DISALLOWING AN AMOUNT OF RS. 20,762,65 7 UNDER SECTION 14A OF THE ACT, READ WITH RULE 8D OF THE IN COME-TAX RULES, 1962 ('THE RULES'). 1.1.2 THE LEARNED AO AND HON'BLE CIT(A) HAS ERRED I N NOT RELYING ON THE JUDICIAL PRECEDENTS WHEREIN IT WAS H ELD THAT NO DISALLOWANCE IS WARRANTED UNDER SECTION 14A OF THE ACT, IF THERE IS NO ACTUAL EXPENDITURE INCURRED. 1.1.3 THE LEARNED AO AND HON'BLE CIT(A) OUGHT TO HA VE APPRECIATED THAT THE INTEREST COST ON BORROWED FUND S ARE NOT UTILIZED FOR INVESTMENT FROM WHICH EXEMPT INCOME IS EARNED. 1.1.4 THE HON'BLE CIT(A) OUGHT TO HAVE CONSIDERED T HE DETAILS AND SUPPORTING DOCUMENTS SUBMITTED DURING T HE APPELLATE PROCEEDINGS. 1.1.5 NOTWITHSTANDING AND WITHOUT PREJUDICE THE ABO VE GROUNDS THE HON'BLE CIT(A) HAS ERRED IN CONFIRMING THE AMOUNT OF DISALLOWANCE MADE BY THE LEARNED AO, AND OUGHT TO HAVE RELIED ON THE PRINCIPLES EMERGED FROM VARIO US JUDICIAL PRECEDENTS, THAT DISALLOWANCE UNDER SECTION 14A OF THE ACT WOULD BE RESTRICTED TO AN AMOUNT OF EXEMPT INCOME E ARNED DURING THE YEAR UNDER CONSIDERATION. 1.2 WRONG COMPUTATION OF DISALLOWANCE UNDER SECTION 14A 1.2.1 NOTWITHSTANDING AND WITHOUT PREJUDICE TO THE ABOVE, THE LEARNED AO HAS WRONGLY DISALLOWED AN AMOUNT OF RS. 20,762,657 INSTEAD OF RS. 9,861,700 WHILE COMPUTING DISALLOWANCE UNDER SECTION 14A. ITA NO.790/BANG/2018 PAGE 8 OF 11 1.2.2 THE LEARNED AO HAS ERRED IN CONSIDERING THE AVERAGE OF THE TOTAL ASSETS AS RS. 329,600,000 INST EAD OF RS. 860,770,000 WHILE APPLYING THE FORMULA PRESCRIB ED UNDER 2. NON-GRANT OF SET OFF OF BROUGHT FORWARD LOSSES 2.1 THE LEARNED AO AND HON'BLE CIT(A) HAS ERRED IN NOT GRANTING SET-OFF OF BROUGHT FORWARD LOSSES OF AY 20 09-10 AMOUNTING TO RS. 1,816,502 CLAIMED BY THE APPELLANT IN THE RETURN OF INCOME. 3 LEVY OF INTEREST UNDER SECTION 234B AND 234C OF T HE ACT 3.1 THE LD. AO HAS ERRED IN LEVYING INTEREST UNDER SECTION 234B AT RS. 2,803,510 INSTEAD OF RS. 1,109,472. 3.2 THE INTEREST UNDER SECTION 234B IS CONSEQUENTIA L IN NATURE. 3.3 THE LD. AO HAS ERRED IN LEVYING INTEREST UNDER SECTION 234C OF THE ACT AT RS.727,845 WITHOUT APPRECIATING THE LAW THAT, INTEREST UNDER SECTION 234C IS LEVIED ONLY ON RETURNED INCOME AND NOT ON ASSESSED INCOME. 7. WE MAY MENTION THAT AS FAR AS GROUND NO.2 RAI SED BY THE ASSESSEE IS CONCERNED, IT WOULD BE APPROPRIATE TO DIRECT THE AO TO VERIFY THE CLAIM OF THE ASSESSEE FOR SET OFF OF BROUGHT FORWARD LOSSES AND ALLOW SET OFF IN ACCORDANCE WITH LAW. IN THIS REGARD, WE ALSO OBSER VE THAT ASSESSEE HAS IN THE GROUNDS OF APPEAL RAISED BEFORE THE CIT(A) HAD RAISED A SPECIFIC GROUND REGARDING THE ACTION OF THE AO IN NOT ALLOWI NG SET OFF OF BROUGHT FORWARD LOSSES BUT THE SAME HAS NOT BEEN ADJUDICATE D BY THE CIT(A). 8. AS FAR AS GROUND NO.3 IS CONCERNED, THE FACTS A RE SIMILAR, IN AS MUCH AS DESPITE SPECIFIC GROUND RAISED BY THE ASSESSEE REGARDING WRONG COMPUTATION OF INTEREST U/S.234B AND 234C OF THE AC T, THE SAME WAS NOT ADJUDICATED BY THE CIT(A). IT WOULD BE JUST APPROP RIATE FOR CIT(A) IF THE AO IS DIRECTED TO CHARGE INTEREST U/S 234B AND 234C IN ACCORDANCE WITH LAW ITA NO.790/BANG/2018 PAGE 9 OF 11 AFTER DUE VERIFICATION OF FACTS AND ON PROPER APPL ICATION ON THE RELEVANT STATUTORY PROVISION. 9. THE MAIN GROUND WHICH NEEDS TO BE ADJUDICATED I S GROUND NO.1 RAISED BY THE ASSESSEE. AS FAR AS GROUND NO. 1 OF THE ASSESSEE IS CONCERNED, IT IS CLEAR THAT THE CIT(A) HAS NOT TAKE N NOTE OF THE WRITTEN SUBMISSION FILED BY THE ASSESSEE DATED 23/8/2017 AL ONG WITH ANNEXURE. THE LD COUNSEL FOR THE ASSESSEE BY TAKING US THROUG H THE RELEVANT ANNEXURE TO THE WRITTEN SUBMISSION DATED 23/8/2017 WANTED TO DEMONSTRATE THAT THE BORROWED FUNDS ON WHICH INTEREST WAS PAID BY THE AS SESSEE WAS USED ONLY FOR THE PURPOSE OF BUSINESS AND NOT TO MAKE INVESTM ENT WHICH YIELDED THE TAX FREE INCOME. THE LD. DR POINTED OUT THAT THE D OCUMENTS WHICH ARE ANNEXURE TO WRITTEN STATEMENT DATED 23/8/2017 WERE NOT FILED BEFORE THE AO AND THE ASSESSEE THEREFORE OUGHT TO HAVE FILED ALON G WITH APPLICATION FOR ADMISSION OF ADDITIONAL EVIDENCE IN TERMS OF RULE 4 6A OF THE RULES. SINCE THE ASSESSEE HAS NOT MADE SUCH APPLICATION BEFORE C IT(A), THE SAME SHOULD NOT BE TAKEN COGNIZANCE. WE ARE OF THE VIEW THAT SINCE THE CIT(A) HAS NOT MADE ANY REFERENCE TO THE WRITTEN SUBMISSIO N DATED 23/8/2017, THE ARGUMENT OF THE LD DR CANNOT BE ACCEPTED. HAD THE CIT(A) MADE A REFERENCE TO THE WRITTEN SUBMISSION DATED 23/8/2017 AND SUPPORTING DOCUMENTS FILED ALONG WITH THOSE SUBMISSIONS AND RE FUSED TO ADMIT THOSE DOCUMENTS AS ADDITIONAL EVIDENCE, THEN THE PLEA OF THE LEARNED DR WOULD BE OF SOME SUBSTANCE. 10. AS WE HAVE ALREADY OBSERVED IN THE WRITTEN SUB MISSION DATED 23/8/2017, THE ASSESSEE HAS SPECIFICALLY REFERRED TO THE FACT THAT THE CIT(A) IN THE EARLIER HEARING HAD DIRECTED THE ASSE SSEE TO FILE THE DOCUMENTS WHICH WERE BEING FILED ALONG WITH THE WRI TTEN SUBMISSION. IN TERMS OF RULE 46A(4), THE CIT(A) HAS POWER TO CALL UPON THE ASSESSEE TO PRODUCE CERTAIN DOCUMENTS WITH A VIEW TO ENABLE HI M TO DISPOSE OFF THE APPEAL OR FOR ANY OTHER SUBSTANTIAL CAUSE. SINCE T HE SUBMISSIONS HAVE NOT ITA NO.790/BANG/2018 PAGE 10 OF 11 TAKEN COGNIZANCE OF CIT(A), WE ARE OF THE VIEW THAT IT WOULD BE JUST AN APPROPRIATE TO SET ASIDE THE ORDER OF THE CIT(A) AN D REMAND THE ISSUE OF DISALLOWANCE U/S 14A OF THE ACT FOR FRESH CONSIDERA TION BY THE CIT(A) AFTER AFFORDING OPPORTUNITY OF BEING HEARD TO THE ASSESSE E ON THE ADMISSIBILITY OF ADDITIONAL EVIDENCE FILED BY THE ASSESSEE BEFORE TH E CIT(A) IN ACCORDANCE WITH LAW AND THEREAFTER ADJUDICATE ON THE ISSUE OF DISALLOWANCE U/S.14A OF THE ACT. THE GROUNDS OF APPEAL ARE TREATED AS ALLO WED FOR STATISTICAL PURPOSES. 11. IN THE RESULT, THE APPEAL OF THE ASSESSEE IS TREATE D AS ALLOWED FOR STATISTICAL PURPOSES. PRONOUNCED IN THE OPEN COURT ON THIS 16 TH DAY OF NOVEMBER, 2018. SD/- SD/- ( INTURI RAMA RAO) ( N.V. VASUDEVAN ) ACCOUNTANT MEMBER VICE PRESIDENT BANGALORE, DATED, THE 16 TH NOVEMBER, 2018 / VMS / COPY TO : 1. APPELLANT 2. RESPONDENT 3. CIT 4. CIT(A) 5. DR, ITAT, BANGALORE. 6. GUARD FILE BY ORDER ASST. REGISTRAR, ITAT, BANGALORE ITA NO.790/BANG/2018 PAGE 11 OF 11 1. DATE OF DICTATION 2. DATE ON WHICH THE TYPED DRAFT IS PLACED BEFORE THE DICTATING MEMBER 3. DATE ON WHICH THE APPROVED DRAFT COMES TO SR.P.S . . 4. DATE ON WHICH THE FAIR ORDER IS PLACED BEFOR E THE DICTATING MEMBER . 5. DATE ON WHICH THE FAIR ORDER COMES BACK TO THE S R. P.S. .. 6. DATE OF UPLOADING THE ORDER ON WEBSITE .. 7. IF NOT UPLOADED, FURNISH THE REASON FOR DOING SO .. 8. DATE ON WHICH THE FILE GOES TO THE BENCH CLERK .. 9. DATE ON WHICH ORDER GOES FOR XEROX & ENDORSEMENT . 10. DATE ON WHICH THE FILE GOES TO THE HEAD CLERK . 11. THE DATE ON WHICH THE FILE GOES TO THE ASSISTANT RE GISTRAR FOR SIGNATURE ON THE ORDER . 12. THE DATE ON WHICH THE FILE GOES TO DISPATCH SEC TION FOR DISPATCH OF THE TRIBUNAL ORDER .. 13. DATE OF DESPATCH OF ORDER ..