Sh. Dharam Pal Aggarwal, Ludhiana V. ACIT, Ludhiana

ITA 91/CHANDI/2019

• Counselvise Citation: [2019] 116 COUNSELVISE.COM (IT) 5346 (ITAT-CHANDIGARH)
• Duration Of Justice: 6 month(s) 26 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 26-08-2019
• Appeal Filed By: Assessee
• Order Result: Partly Allowed
• Bench Allotted: SMC
• Next Hearing Date: 16-07-2019
• Assessment Year: 2013-2014
• Appeal Filed On: 31-01-2019
• Result in Favour of: Partly Allowed
• Court: TRIBUNAL
• Department Lawyers: CHANDRAKANTA SR DR
• Keywords: Depreciation; Business expenditure; Proportionate interest; Set aside
• Section: 143(3); 143(1)

Judgement Text

, .. , IN THE INCOME TAX APPELLATE TRIBUNAL, CHANDIGARH BEN CHES, SMC CHANDIGARH .., ! BEFORE: SHRI. N.K.SAINI, VICE PRESIDENT ITA NO. 91 /CHD/2019 ASSESSMENT YEAR : 2013-14 SHRI DHARAM PAL AGGARWAL 59-K, SARABHA NAGAR LUDHIANA, PUNJAB ACIT CIRCLE-6 LUDHIANA, PUNJAB PAN NO: AAYPA9723E APPELLANT RESPONDENT !' ASSESSEE BY : SHRI ASHWANI KUMAR, CA #!' REVENUE BY : SMT. CHANDRAKANTA, SR. DR $ %! & DATE OF HEARING : 16/07/2019 '()*! & DATE OF PRONOUNCEMENT : 26/08/2019 '#/ ORDER PER N.K. SAINI, VICE PRESIDENT THIS IS AN APPEAL BY THE ASSESSEE AGAINST THE ORDER DT. 19/12/2018 OF LD. CIT(A)-3, LUDHIANA. 2. IN THE PRESENT APPEAL ASSESSEE HAS RAISED THE FO LLOWING GROUNDS: 1. THAT ORDER PASSED U/S 250(6) OF THE INCOME TAX A CT, 1961 IS AGAINST LAW AND FACTS ON THE FILE IN AS MUCH AS THE LD. COMMISS IONER OF INCOME TAX (APPEALS)-3, LUDHIANA WAS NOT JUSTIFIED TO ARBITRAR ILY UPHOLD THE ACTION OF THE LD. ASSESSING OFFICER IN DISALLOWING A SUM OF RS. 15,44 ,043/- OUT OF INTEREST ACCOUNT BY RESORT TO PROVISIONS OF SECTION 57(III). 2. THAT HE WAS FURTHER NOT JUSTIFIED TO ARBITRARILY UPHOLD THE ACTION OF THE LD. ASSESSING OFFICER IN DISALLOWING A SUM OF RS. 2,01, 874/- OUT OF CAR EXPENSES, DEPRECIATION, TELEPHONE AND TRAVELLING EXPENSES ON ACCOUNT OF ESTIMATED PERSONAL USE THEREOF IN ADDITION TO THE DISALLOWANC E ALREADY MADE BY THE APPELLANT AT RS. 1,74,371/-. 3. VIDE GROUND NO. 1 THE GRIEVANCE OF THE ASSESSEE RELATES TO THE CONFIRMATION OF DISALLOWANCE OF RS. 15,44,043/- OUT OF INTEREST ACCOUNT MADE BY THE A.O. 4. FACTS RELATED TO THIS ISSUE IN BRIEF ARE THAT TH E ASSESSEE FILED HIS RETURN OF INCOME ON 19/09/2013 DECLARING AN INCOME OF RS. 19, 08,250/- WHICH WAS PROCESSED UNDER SECTION 143(1) OF THE INCOME TAX AC T, 1961 (HEREINAFTER REFERRED TO AS ACT), LATER ON THE CASE WAS SELECT ED FOR SCRUTINY. 5. DURING THE COURSE OF ASSESSMENT PROCEEDINGS THE A.O. NOTICED THAT THE ANNEXURE-D(LOANS AND ADVANCES) ENCLOSED WITH BALANC E SHEET FOR THE YEAR 2 UNDER CONSIDERATION REVEALED THAT THE ASSESSEE HAD GIVEN INTEREST FREE ADVANCES TO FRIENDS AND FAMILY WHICH WERE NOT FOR T HE PURPOSE OF EARNING INCOME FROM OTHER SOURCES AS PER REQUIREMENT OF SEC TION 57(III) OF THE ACT. HE ALSO OBSERVED THAT THE ASSESSEE HAD DEBITED RS. 5,6 6,645/- ON ACCOUNT OF INTEREST ON CAR LOAN IN THE PROFIT & LOSS ACCOUNT A ND HAD CLAIMED THE DEDUCTION ON INTEREST EXPENDITURE UNDER SECTION 57 TO THE EXT ENT OF RS. 40,22,756/-. THE A.O. ALSO OBSERVED THAT THE LOANS TO FRIENDS AND RELATIV E OUTSTANDING IN THE BALANCE SHEET WERE AT RS. 5,00,000/- TO M/S DEV BHOOMI ANGO RA SPNG & ALLIED INDUSTRIES AND RS. 11,65,869/- TO M/S SHAKTI ALPHA SECURITIES PVT. LTD. HE ALSO OBSERVED THAT FOLLOWING ACCOUNTS WERE SQUARED UP LOANS IN THE PRO PRIETORSHIP FIRM DURING THE YEAR: SR. NO. PARTICULAR AMOUNT SQUARED UP DURING THE YEAR 1. SH. S.P. BANSAL RS.60,00,000/- 2. SH. SANJAY BANSAL RS.65,00,000/- 3. M/S FAB TEXERE INDIA P. LTD. RS.44,60,000/- 4. SH. AMIT AGGARWAL RS.19,00,690/- 5.1 THE A.O. ASKED THE ASSESSEE TO PROVIDE THE BREA KUP OF DEDUCTION CLAIMED UNDER SECTION 57 AND DRAW NEXUS BETWEEN THE INTEREST PAID AND RECEIVED FOR THE PURPOSE OF ALLOWABILITY OF EXPENSE S UNDER SECTION 57 OF THE ACT. THE ASSESSEE SUBMITTED THAT NO FRESH LOANS HAD BEEN RAISED DURING THE YEAR RATHER THE LOANS HAD BEEN SQUARED UP FOR WHICH THE INTEREST WAS BEING PAID IN THE PAST. THE ASSESSEE FILED THE REPLY TO THE A.O. AS UNDER: 'YOUR HONOUR ASKED THE ASSESSEE TO JUSTIFY THE CLAI M OF INTEREST PAID U/S 57 OF THE ACT, AGAINST INTEREST INCOME, A REPLY TO THE SAME H AS ALREADY BEEN SUBMITTED DURING THE COURSE OF ASSESSMENT PROCEEDINGS ON 15.0 3.2016. FURTHER, IT IS SUBMITTED THAT THE ASSESSEE IS MAINTAINING BOOKS OF ACCOUNT B OTH IN RESPECT OF TRANSACTION OF HIS PROPRIETARY CONCERNS NAMELY M/S SHAKTI INTER NATIONAL AND ALSO TRANSACTIONS IN HIS INDIVIDUAL CAPACITY. THE BORROWING IN WHICH INTEREST WAS PAID AND THE ADVANCES GIVEN OUT OF THE INTEREST BEARING FUNDS HA S BEEN SHOWN IN HIS INDIVIDUAL CAPACITY. THE ASSESSEE HAS DULY RECEIVED INTEREST O N THESE ADVANCES. HOWEVER, DURING THE YEAR THERE ARE CERTAIN TRANSACTION/ TRAN SFER OF FUNDS WHICH WERE MADE BETWEEN THE ASSESSEE AND HIS PROPRIETARY CONCERN. NO INTEREST HAS BEEN CHARG ED ON SUCH FUNDS TRANSFERRED SINCE THE TAXABILITY OF T HE INCOME AS WELL AS ALLOWANCE OF THE EXPENSES IS UNDER THE SAME HANDS I.E. IN HIS INDIVIDUAL CAPACITY. OTHERWISE DUE TO LARGE AMOUNT OF TRANSACTIONS, THIS EXERCISE HAS NOT BEEN CARRIED OUT AND THE CLAIM OF INTEREST PAID HAS BEEN MADE UNDER ONE HEAR I.E. U/S 57 OF THE ACT. AS SUCH, THE POSSIBILITY OF BORROWED FUNDS USED BY THE ASSESSEE IN HIS PROPRIETARY CONCERN CARRYING BUSINESS WAS THERE AND THAT PART O F THE INTEREST IS OTHERWISE ALLOWABLE AS EXPENSES TO THE ASSESSEE UNDER THE HEA D OF INCOME FROM BUSINESS AND PROFESSION. 3 5.2. THE A.O. DID NOT FIND MERIT IN THE SUBMISSIONS OF THE ASSESSEE AND WAS OF THE VIEW THAT IN THE ABSENCE OF DIRECT TAX DEDUCTIO N UNDER SECTION 57(III) THE INTEREST COULD NOT BE ALLOWED AND FURTHER THERE WAS NO BUSINESS PURPOSE INVOLVED IN LOANS AND ADVANCES WHICH HAD BEEN SQUAR ED UP DURING THE YEAR, THE SAME COULD NOT BE ALLOWED UNDER SECTION 36(1)(I II) OF THE ACT. THE A.O. WORKED OUT THE DISALLOWANCE AT RS. 15,44,043, THE C ALCULATIONS HAD BEEN GIVEN AT PAGE 6 TO 8 OF THE ASSESSMENT ORDER DT. 21/03/20 16 FOR THE COST OF REPETITION THE SAME ARE NOT REPRODUCED HEREIN. 6. BEING AGGRIEVED THE ASSESSEE CARRIED THE MATTER TO THE LD. CIT(A) AND SUBMITTED AS UNDER: THIS IS IN CONTINUATION TO EARLIER SUBMISSIONS FILE D ON 23.10.2018 AGAINST AN ORDER UNDER SECTION 143(3) OF THE INCOME-TAX ACT, 1961 IN THE CASE OF SH. DHARAM PAL AGGARWAL (HEREIN AFTER REFERRED TO AS 'THE APPELLAN T') FOR THE ABOVE CAPTIONED ASSESSMENT YEAR. AT THE OUTSET, IT IS ALSO RESPECTFULLY SUBMITTED TH AT, FROM THE PERUSAL OF A CHART ENCLOSED, THE AMOUNT OF INTEREST-FREE FUNDS AVAILAB LE WITH THE APPELLANT ON THE DATES OF ADVANCE MORE THAN THEAMOUNT OF INTEREST-FR EE ADVANCES, THE EXTRACT OF WHICH IS TABULATED AS BELOW: DATE OF ADVANCE INTEREST-FREE FUNDS [ CAPITAL + INTEREST-FREE LOANS RECEIVED) INTEREST-FREE LOANS GIVEN 12.04.2010 7,64,25,090.38 3,56,17,542.00 28.06.2010 7,64,36,758.00 4,33,20,542.00 13.08.2010 7,86,71,310.00 4,89,60,542.00 13.01.2011 8,13,62,852.00 5,85,62,632.00 14.02.2011 8,06,37,577.00 5,59,90,232.00 05.03.2013 4,71,35,845.00 1,10,83,450.00 FROM THE ABOVE, IT COULD BE DEDUCED THAT THE AMOUNT OF INTEREST-FREE LOANS ADVANCED WERE EFFECTED OUT OF THE APPELLANT'S CAPIT AL AND INTEREST-FREE LOANS RECEIVED. NO BORROWED FUNDS (INTEREST-BEARING FUNDS ) WERE USED FOR MAKING SUCH ADVANCES. ACCORDINGLY, NO DISALLOWANCE OF PROPORTIO NATE INTEREST EXPENDITURE AMOUNTING RS. 15,44,043/- UNDER SECTION 57 (ILL) OF THE INCOME-TAX ACT, 1961 COULD BE MADE, AND, SUCH INTEREST EXPENDITURE IS AN ALLOW ABLE BUSINESS EXPENDITURE. WITHOUT PREJUDICE TO THE SUBMISSIONS MADE ABOVE, IF AMOUNT OF INTEREST-FREE FUNDS ADVANCED TO MR. S.P. BANSAL AND MR. SANJAY BANSAL W ERE EFFECTED OUT OF INTEREST- BEARING BORROWED FUNDS, THEN ALSO NO DISALLOWANCE O F PROPORTIONATE INTEREST EXPENDITURE COULD BE EFFECTED, SINCE SUCH ADVANCES WERE MADE FOR THE PURPOSES OF BUSINESS. THE APPELLANT, BEING, AN INDE NTING AGENT HAS TO TALK TO VARIOUS OVERSEAS CONSTITUENTS REGARDING SUPPLY OF MATERIAL, AVAILABILITY OF NEW PRODUCTS AND PAYMENT MATTERS ETC. THE APPELLANT ACT S AS AN INDENTING AGENT ON BEHALF OF M/S BANSAL SPINNING MILLS LIMITED, OF WHI CH MR. S.P. BANSAL AND MR. SANJAY BANSAL ARE THE DIRECTORS. ACCORDINGLY, THE APPELLAN T PROCURED HUGE VALUE OF ORDERS [ ONE CONTAINER COSTS RS. 1 CRORE] FOR M/S B ANSAL SPINNING MILLS LIMITED FROM AUSTRALIA. IN TURN, THE APPELLANT EARNED COMMISSION ON SUCH ORDERS FROM M/S BANSAL SPINNING MILLS LIMITED AMOUNTING RS. 54,51,4 51/-. HOWEVER, IN ORDER TO SAFEGUARD THE INTEREST OF ITS CLIENT I.E. OWING TO QUALITY SPECIFICATIONS IN PRODUCTS, THE APPELLANT OFFERED THEM SECURITY IN THE FORM OF ADVANCE TO DIRECTORS OF M/S BANSAL SPINNING MILLS LIMITED I.E. MR. S.P. BANSAL AND MR. SANJAY BANSAL, SO THAT M/S BANSAL SPINNING MILLS LIMITED COULD SECURELY MAKE P AYMENTS AGAINST IMPORT PURCHASES, EVEN IF M/S BANSAL SPINNING MILLS LIMITE D ENCOUNTERED QUALITY RELATED ISSUES. IF SUCH A SECURITY WAS NOT GIVEN TO M/S BAN SAL SPINNING MILLS LIMITED OR ANY OTHER CLIENT, THEN THE APPELLANT WOULD NOT ABLE TO DO ITS BUSINESS SUCCESSFULLY I.E. 4 TO ACT AS AN INDENTING AGENT ON BEHALF OF BUYERS DE SIROUS OF PURCHASING OVERSEAS. NO ONE WOULD LIKE TO ENTRUST UPON THE APPELLANT, IF THE APPELLANT ENSURES COMPLETE QUALITY SPECIFICATIONS IN AN IMPORTED PROD UCT BY GUARANTEEING THEM IN THE FORM OF A SECURITY (ADVANCE TO MR. S.P. BANSAL AND MR. SANJAY BANSAL, DIRECTORS OF M/S BANSAL SPINNING MILLS LIMITED). THUS, THE AD VANCE TO MR. S.P. BANSAL AND MR. SANJAY BANSAL, DIRECTORS OF M/S BANSAL SPINNING MIL LS LIMITED WAS OUT OF COMMERCIAL/BUSINESS EXPEDIENCY. ACCORDINGLY, NO DIS ALLOWANCE OF PROPORTIONATE INTEREST EXPENDITURE COULD BE MADE, SINCE INTEREST PAID ON CAPITAL BORROWED WAS USED FOR THE PURPOSES OF BUSINESS OF THE APPELLANT, AND, HENCE AN ALLOWABLE EXPENDITURE. HOPE YOUR HONOR WOULD FIND THE ABOVE POSITION IN OR DER, AND, SHALL PROCEED TO ADJUDICATE THE APPEAL ACCORDINGLY. 7. THE LD. CIT(A) INCLINED TO AGREE WITH THE CONTEN TION OF THE A.O. AND HELD THAT THE ASSESSEE HAD FAILED IN CLEAR TERMS TO DIST INGUISH BETWEEN THE SOURCE OF BORROWED FUNDS OR OWN FUNDS FOR THE PURPOSE OF CLAI M UNDER SECTION 57 OF THE ACT. ACCORDINGLY THE DISALLOWANCE OF RS. 15,44,043 MADE BY THE A.O. UNDER SECTION 57 OF THE ACT WAS UPHELD. RELIANCE WAS PLAC ED ON THE FOLLOWING CASE LAWS: SMT. PADMAWATI JAIKRISHNA VS. ADDL. CIT 166 ITR 176 (SC) MRS. ARUNDHATI BALKRISHNA VS. CIT, AHMEDABAD. 177 I TR 275 (SC) VIJAY LAXMI SUGAR MILLS LTD. VS. CIT 191 ITR 647 (S C) KARNATAKA FOREST PLANTATIONS CORPN. LTD. 156 ITR 27 5 (KARNATAKA HC) CIT VS. RAJENDRA PRASAD MOODY [1978] 115 ITR 519 (S C) SMT. VIRMATI RAMAKRISHAN VS. CIT 131ITR 659 (GUJ. H C) 8. NOW THE ASSESSEE IS IN APPEAL. 9. LD. COUNSEL FOR THE ASSESSEE REITERATED THE SUBM ISSIONS MADE BEFORE THE AUTHORITIES BELOW AND FURTHER SUBMITTED THAT THE SI MILAR INTEREST PAID ON THE LOANS WAS DISALLOWED BY THE A.O. IN THE PRECEDING YEAR I. E; 2012-13, HOWEVER THE SAME WAS DELETED WHEN THE MATTER WAS TAKEN BEFORE T HE ITAT IN ITA NO. 315/CHD/2017, VIDE ORDER DT. 22/04/2019 AND THAT IN THIS YEAR THE ASSESSEE REDUCED THE INTEREST FROM THE INTEREST INCOME EARNE D UNDER SECTION 57 OF THE ACT. IT WAS SUBMITTED THAT INTEREST BEARING LOANS W ERE RAISED BY THE ASSESSEE FOR THE BUSINESS PURPOSES AND HAD BEEN USED FOR THE PUR POSES OF EARNING INCOME AS PER THE REQUIREMENT OF SECTION 57(III) OF THE AC T. IT WAS FURTHER SUBMITTED THAT INTEREST FREE ADVANCES AND LOANS WERE GIVEN OUT OF THE SURPLUS FUNDS AVAILABLE WITH THE ASSESSEE THEREFORE THE DISALLOWANCE MADE B Y THE A.O. AND SUSTAINED BY THE LD. CIT(A) WAS NOT JUSTIFIED. THE RELIANCE W AS PLACED ON THE JUDGMENT OF THE HON'BLE APEX COURT IN THE CASE OF CIT VS. HERO CYCLES P. LTD. REPORTED AT 379 ITR 347 (SC) 5 10. IN HER RIVAL SUBMISSIONS THE LD. SR. DR STRONGL Y SUPPORTED THE ORDERS OF THE AUTHORITIES BELOW AND REITERATED THE OBSERVATIONS M ADE IN THEIR RESPECTIVE ORDERS. 11. I HAVE CONSIDERED THE SUBMISSIONS OF BOTH THE P ARTIES AND PERUSED THE MATERIAL AVAILABLE ON THE RECORD. IN THE PRESENT CA SE THE A.O. MADE THE DISALLOWANCE FOR THE REASONS THAT THE ASSESSEE COUL D NOT EXPLAIN TO HIS SATISFACTION THAT THE INTEREST PAID ON THE LOANS WA S HAVING ANY NEXUS WITH INTEREST INCOME EARNED UNDER SECTION 57 OF THE ACT. ON THE C ONTRARY THE CLAIM OF THE ASSESSEE IS THAT INTEREST BEARING FUNDS WERE UTILIZ ED FOR THE BUSINESS PURPOSES AND THE INTEREST PAID IN SIMILAR CIRCUMSTANCES WAS ALLO WED IN THE EARLIER YEAR I.E 2012- 13 BY THE ITAT VIDE ORDER DT. 22/04/2019 IN ITA NO . 315/CHD/2017 IN ASSESSEES OWN CASE, COPY OF THE SAID ORDER WAS FURNISHED WHIC H IS PLACED ON THE RECORD. HOWEVER THE SAID ORDER WAS NOT AVAILABLE EITHER TO THE A.O. OR TO THE LD. CIT(A), I THEREFORE DEEM IT APPROPRIATE TO SET ASIDE THIS LIM ITED ISSUE TO THE FILE OF THE A.O. TO BE ADJUDICATED BY KEEPING IN VIEW THE OBSERVATIO NS GIVEN IN THE AFORESAID ORDER, IN ACCORDANCE WITH LAW. 12. VIDE GROUND NO. 2 THE GRIEVANCE OF THE ASSESSEE RELATES TO SUSTENANCE OF DISALLOWANCE OF RS. 2,01,874/- OUT OF CAR EXPENSES, DEPRECIATION, TELEPHONE AND TRAVELLING EXPENSES WHEN THE ASSESSEE HIMSELF HAD D ISALLOWED A SUM OF RS. 1,74,371/- OUT OF THE ABOVE SAID EXPENSES. 13. THE FACTS RELATED TO THIS ISSUE IN BRIEF ARE TH AT THE A.O. DURING THE COURSE OF ASSESSMENT PROCEEDINGS NOTICED THAT THE EXPENSES IN CURRED BY THE ASSESSEE WERE MIXED IN NATURE, HE DISALLOWED 1/5 TH OF THE EXPENSES INCURRED BY THE ASSESSEE ON TELEPHONE, CAR REPAIR, CAR INSURANCE, C AR EXPENSES AND DEPRECIATION AS PER FOLLOWING DETAILS: SR. NO. PARTICULARS AMOUNT 1/5 TH ADDITION 1 TELEPHONE EXPENSES 267081 RS. 53416/- 2 CAR REPAIR 58258 RS. 11652/- 3 CAR INSURANCE 160916 RS. 32183/- 4 CAR EXPENSES 205522 RS. 41104/- 5 DEPRECIATION 1189447 RS. 237889 GRAND TOTAL 1881224 RS. 376245/- SINCE THE ASSESSEE HAD HIMSELF DISALLOWED A SUM OF RS. 1,74,371/-, THE DIFFERENCE OF RS. 2,01,874/- (RS. 3,76,245.00 RS. 1,74,371.0 0) WAS ADDED TO THE INCOME OF THE ASSESSEE. 6 14. BEING AGGRIEVED THE ASSESSEE CARRIED THE MATTER TO THE LD. CIT(A) WHO SUSTAINED THE DISALLOWANCE BY OBSERVING THAT THE DI SALLOWANCE MADE @ 1/5 TH OF THE AFORESAID EXPENSES WAS NOT EXCESSIVE. 15. NOW THE ASSESSEE IS IN APPEAL. 16. THE LD. COUNSEL FOR THE ASSESSEE REITERATED THE SUBMISSIONS MADE BEFORE THE AUTHORITIES BELOW AND FURTHER SUBMITTED THAT TH E DISALLOWANCE MADE BY THE A.O. AND SUSTAINED BY THE LD. CIT(A) WAS HIGHLY EXC ESSIVE. 17. IN HER RIVAL SUBMISSIONS THE LD. SR. DR STRONGL Y SUPPORTED THE ORDERS OF THE AUTHORITIES BELOW. 18. I HAVE CONSIDERED THE SUBMISSIONS OF BOTH THE P ARTIES AND PERUSED THE MATERIAL AVAILABLE ON THE RECORD. IN MY OPINION IN SUCH TYPE OF CASES THE USE OF TELEPHONE AND CAR FOR PERSONAL PURPOSES CANNOT BE R ULED OUT, HOWEVER THE DISALLOWANCE MADE BY THE A.O. AND SUSTAINED BY THE LD.CIT(A) @ 1/5 TH OF THE EXPENSES APPEARS TO BE EXCESSIVE, I THEREFORE TO ME ET THE ENDS OF JUSTICE, DEEM IT APPROPRIATE TO RESTRICT THE DISALLOWANCE TO 1/10 TH OF THE EXPENSES INCURRED BY THE ASSESSEE ON TELEPHONE, CAR AND DEPRECIATION INS TEAD OF 1/5 TH WORKED OUT BY THE A.O. WHILE RESTRICTING THE ABOVE DISALLOWANC E THE A.O. SHOULD ALSO GIVE THE BENEFIT OF THE DISALLOWANCE ALREADY MADE BY THE ASSESSEE AT RS. 1,74,371/-. 19. IN THE RESULT, APPEAL OF THE ASSESSEE IS PARTLY ALLOWED FOR STATISTICAL PURPOSES. (ORDER PRONOUNCED IN THE OPEN COURT ON 26/08/2019 ) SD/- .., ( N.K. SAINI) ! / VICE PRESIDENT AG DATE: 26/08/2019 (+! ,-.- 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