Prasad Multi Services Pvt. Ltd., Ahmedabad V. The ACIT, Circle-5, Ahmedabad

ITA 960/AHD/2015

• Counselvise Citation: [2018] 125 COUNSELVISE.COM (IT) 2728 (ITAT-AHMEDABAD)
• Duration Of Justice: 3 year(s) 3 month(s) 26 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 13-08-2018
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: D
• Assessment Year: 2011-2012
• Appeal Filed On: 17-04-2015
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: V K SINGH
• Assessee Lawyers: T P HEMANI
• Keywords: Depreciation; Corroborative evidences
• Section: 143(3)

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL AHMEDABAD D BENCH BEFORE: SHR I RAJPAL YADAV , JUDICIAL MEMBER AND SHRI AMARJIT SINGH, ACCOUNTANT MEMBER M/S. PRASAD MULTI SERVICES PVT. LTD. OFFICE NO., 306, ZODIAC SQUARE, S.G. HIGHWAY OPP. GURUDWARA, AHMEDABAD - 380054 PAN: AACCP0464A (APPELLANT) VS THE ACIT, CIRCLE - 5, AHMEDABAD - 380015 (RESPONDENT) THE ACIT, CIRCLE - 5, AHMEDABAD - 380015 (APPELLANT) VS M/S. PRASAD MULTI SERVICES PVT. LTD. OFFICE NO., 306, ZODIAC SQUARE, S.G. HIGHWAY OPP. GURUDWARA, AHMEDABAD - 380054 PAN: AACCP 0464A (RESPONDENT) REVENUE BY : S H RI V.K. SINGH , SR. D . R. ASSESSEE BY: S H RI T.P. HEMANI , A.R. DATE OF HEARING : 26 - 06 - 2 018 DATE OF PRONOUNCEME NT : 13 - 08 - 2 018 / ORDER P ER : AMARJIT SINGH, ACCOUNTANT MEMBER : - I T A NO . 960 / A HD/20 15 A SSESSMENT YEAR 2011 - 12 ITA NO. 1049 /AHD/2015 ASSESSMENT YEAR 2011 - 12 I.T.A NO S . 960 & 1049 /AHD/20 15 A. Y. 2011 - 12 PAGE NO M/S. PRASAD MULTI SERVICES P. LTD. VS. ACIT 2 THESE TWO APPEALS FILED BY ASSESSEE AND REVENUE FOR A.Y. 2011 - 12 , AR ISE FROM ORDER OF THE CIT(A) - 9 , AHM EDABAD DATED 29 - 01 - 2015 , IN PROCEEDINGS UNDER SECTION 143(3) OF THE INCOME TAX ACT, 1961; IN SHORT THE ACT . 2. THE ASSESSEE HAS RAISED FOLLOWING GROUNDS OF APPEAL: - 1. LEARNED AO ERRED IN LAW AS WELL AS ON FACTS IN DENYING DEPRECIATION @ 30% ON TELESCOPIC CRANE AMOUNTING TO RS. 5,75,663 AND INSTEAD ALLOWED DEPRECIATION @ 15% DESPITE THESE CRANES ARE USED IN THE BUSINESS OF RUNNING THEM ON HIRE. LEARNED CIT(A) ERRED IN LAW AS WELL AS ON FACTS IN CONFIRMING THE SAME. 2. LEARNED AO ERRED IN LAW AS WELL AS ON FACTS IN DENYING DEPRECIATION @ 30% ON RAIL FOR TOWER CRANE AMOUNTING TO RS. 1,04,718 AND INSTEAD ALLOWED DEPRECIATION @ 15% DESPITE THESE CRANES ARE USED IN THE BUSINESS OF RUNNING THEM ON HIRE. LEARNED CIT(A) ERRED IN LAW AS WELL AS ON FACTS IN CONFIRMING THE SAME. 3. LEARNED AO ERRED IN LAW AS WELL AS ON FACTS IN DENYING DEPRECIATION @ 30% ON TOWER CRANE AMOUNTING TO RS. 4,46,686 AND INSTEAD ALLOWED DEPRECIATION @ 15% DESPITE THESE CRANES ARE USED IN THE BUSINESS OF RUNNING THEM ON HIRE. LEARNED CIT(A) ERRED IN LAW AS WELL AS ON FACTS IN CONFIRMING THE SAME. 4. LEARNED A O ERRED IN LAW AS WELL AS ON FACTS IN DENYING DEPRECIATION @ 30% ON MOBILE TOWER CRANE AMOUNTING TO RS. 79,91,842 AND INSTEAD ALLOWED/ DEPRECIATION @ 15% DESPITE THESE CRANES ARE USED IN THE BUSINESS OF RUNNING THEM ON HIRE. LEARNED CIT(A) ERRED IN LAW AS WELL AS ON FACTS IN CONFIRMING THE SAME. 5. LEARNED AO ERRED IN LAW AS WELL AS ON FACTS IN DENYING DEPRECIATION @ 30% ON CRAWLER CRANES AMOUNTING TO RS. 41,30,063 AND INSTEAD ALLOWED DEPRECIATION @ 15% DESPITE THESE CRANES ARE USED IN THE BUSINESS OF RUNNI NG THEM ON HIRE. LEARNED CIT(A) ERRED IN LAW AS WELL AS ON FACTS IN CONFIRMING THE SAME. 6. LEARNED AO ERRED IN LAW AS WELL AS ON FACTS IN DENYING DEPRECIATION @ 30% ON TOWER CRANE MASTS AMOUNTING TO RS. 9,85,047 AND INSTEAD ALLOWED DEPRECIATION @ 15% DES PITE THESE CRANES ARE USED IN THE BUSINESS OF RUNNING THEM ON HIRE, LEARNED CIT(A) ERRED IN LAW AS WELL AS ON FACTS IN CONFIRMING THE SAME. 3. THE REVENUE HAS RAISED FOLLOWING GROUNDS OF APPEAL: - 1. THE CIT(A) HAS ERRED IN LAW AND ON FACTS IN DIRE CTING TO GRANT RELIEF OF RS.26,35,445/ - ON HYDRA CRANES BY ALLOWING DEPRECIATION @30% AND THEREBY DELETING THE ADDITION OF RS.71,17,010/ - MADE ON ACCOUNT OF DISALLOWANCE OF THE EXCESS CLAIM OF DEPRECIATION ON CRANES BY NOT CONSIDERING THAT THE HYDRA CRANES DO NOT FALL IN THE CATEGORY OF 'HEAVY MOTOR VEHICLE'. 2. ON THE FACTS AND CIRCUMSTANCES OF THE CASE, THE LD. COMMISSIONER OF INCOME TAX (A) OUGHT TO HAVE UPHELD THE ORDER OF THE ASSESSING OFFICER. 3. IT IS, THEREFORE, PRAYED THAT THE ORDER OF THE LD. COMM ISSIONER OF INCOME TAX (A) MAY BE SET - ASIDE AND THAT OF THE ASSESSING OFFICER BE RESTORED. 4 . THE BRIEF FACT OF THE CASE IS THAT RETURN OF INCOME DECLARING INCOME OF RS. 80 , 64 , 260/ - WAS FILED ON 29 TH SEP, 2011. SUBSEQUENTLY, THE CASE WAS SELECTED UNDER SCRUTINY BY ISSUING OF NOTICE U/S. 143(2) ON 15 TH NOV, 2013. THE ASSESSEE IS ENGAGED IN THE BUSINESS OF HIRING OUT CONSTRUCTION MATERIAL AND EQUIPMENT. ON I.T.A NO S . 960 & 1049 /AHD/20 15 A. Y. 2011 - 12 PAGE NO M/S. PRASAD MULTI SERVICES P. LTD. VS. ACIT 3 SCRUTINY, THE ASSESSING OFFICER HAS NOTICED THAT ASSESSEE HAS CLAIMED DEPRECIATION ON CRANES ON HIGH ER RATE @ 30%. AFTER PERUSAL OF THE NATURE OF BUSINESS AND OTHER DETAILS FILED BY THE ASSESSEE, THE ASSESSING OFFICER OBSERVED THAT ASSESSEE HAS CLAIMED TOTAL DEPRECIATION OF RS. 1 , 95 , 04 , 909/ - ON CRANES DURING THE YEA R. HOWEVER , AS PER THE INCOME TAX RUL ES, THE ALLOWAB LE RATE OF DEPRECIATION IS 15% O N PLANT AND MACHINERY. HE FURTHER OBSERVED THAT AS PER IT RULES HIGHER RATE OF DEPRECIATION @ 30% IS APPLICABLE IN THE CA S E OF MOTOR BUSE S , MOTHER LORRIES AND MOTOR TAXIES USED IN THE BUSINESS OF RUNNING TH EM ON HIRE. THE DETAILS OF DEPRECATION CLAIMED ON DIFFERENT CRANES AS PRODUCED IN PARA 3.2 OF ASSESSMENT ORDER IS REPRODUCED AS UNDER: - TYPE OF CRANE OPENING WDV ADDITION FOR MORE THAN 180 DAYS ADDITION FOR LESS THAN 180 DAYS SOLD DURING THE YEAR ASS ET BLOCK (RATE OF DEPRECIATION) DEPRECIATION CLAIMED CLOSING WDV TELESCOPIC CRANE 1918875 0 0 0 30% 575663 1343212 RAIL FOR TOWER CRANE 349.061 0 0 0 30% 104718 244343 TOWER CRANE 1202083 286875 0 0 30% 445686 1042271 MOBI LE TOWER CRANE 11110800 3150000 24757347 0 30% 7991842 31026305 CRAWLER CRANES 12919810 0 1694133 0 30% 4130063 10483880 TOWER CRANE MASTS 0 2320000 1926983 0 30% 985047 3261936 HYDRA CRANE 19200075 0 0 1630441 30% 5270 890 12298744 TOTAL 19504909 THEREFORE, THE ASSESSEE WAS SHOW CAUSE D WHY DEPRECIATION @ 30% SHOULD BE ALLOWED ON THE CRANES WHICH ARE NOT FALLING IN THE CATEGORY OF MOTOR BUSES, MOTOR I.T.A NO S . 960 & 1049 /AHD/20 15 A. Y. 2011 - 12 PAGE NO M/S. PRASAD MULTI SERVICES P. LTD. VS. ACIT 4 LORRIES AND MOTOR TAXIES USED IN THE BUSINESS OF RU NNING THEM ON HIRE. THE ASSESSEE HAS EXPLAINED THAT H Y D RA CRANE WHICH IS USED ON ROAD IS REGISTERED AS MO TOR VEHICLE AND IT IS FO UR WHEELED PICK AND CARRY HYDRA CRANE CUM TRANSPOR T VEHICLE USED FOR PICKING MATERIAL AND SHIFTING THE SAME. IN ITS SUBMISSION, THE ASSESSEE HAS MAINLY REFERRED TO THE HYDRA CRANES . THE ASSESSING OFFICER HAS NOT ACCEPTED THE EXPLANATION OF THE ASSESSEE STATING THAT THE CRANES U S ED B Y THE ASSESSE ARE NOT T R UCK CRANE S AND THE SAME ARE NOT FALLING IN THE CATEGORY O F HEAVY MOTOR VEH ICLE S . CONSEQUENTLY, HE HAS RESTRICTED T HE CLAIM OF DEPRECATION @ 15% AS AGAINST THE CLAIM OF DEPRECATION OF THE ASSSESSEE @ 30%. 5. AGGRIEVED ASSESSEE HAS FILED APPEAL BEFORE THE LD. CIT(A). T HE LD. CIT(A) HAS PARTLY ALLOWED THE APPEAL OF THE ASSESSE E BY STATING THAT ONLY HYDRA CRANES CAN BE TERMED AS MOBILE CRANES AND ELIGIBLE FOR HIGHER DEPRECIATION @ 30% . THE RELEVANT PART OF THE DECISION O F THE LD. CIT(A) IS REPRODUCED AS UNDER: - AS IT CAN BE SEEN FROM THE DESCRIPTION OF THESE CRANES THAT TOWER CRANE , CRAWLER CRANE, RAILROAD CRANE, TELESCOPIC CRANE AS DESCRIBED BY THERE DEFINITION AND THERE PICTURES ALSO THAT BY ANY IMAGINATION THESE TYPES OF CRANES CANNOT BE TERMED AS MOBILE CRANES. AS DEFINED VERY CLEARLY THEY ARE RATHER FIXED TYPES OF CRANES HENCE EVEN CANNOT BE EVEN CATEGORIZED AS MOBILE CRANES HENCE THEY ARE NOT ELIGIBLE FOR HIGHER RATES OF DEPRECIATION. EVEN TIPPER IS ALSO, HAS MOBILITY AS ITS MOUNTED ON TRUCK BUT AS DISCUSSED( SUPRA)IT HAS NOT ALSO BEEN CONSIDERED AS ROAD TRANSPORT VEHICL E ANDHRA HIGH COURT IN THE CASE OF COMMISSIONER OF INCOME TAX VS PROGRESSIVE ENGINEERING CO. ON 19 NOVEMBER, 1997 (1998) 148 CTR AP 551, 1998 230 ITR 729 AP, 1998 100 TAXMAN 25. SIMPLY BY MOUNTING OVER A TUCK A CRANE DOES NOT AUTOMATICALLY BECOMES ELIGIBLE FOR HIGHER RATE OF DEPRECIATION BEING A MOBILE CRANE, ITS BASIC CAPACITY OR NATURE OF WORK IS A MAJOR CRITERION TO DECIDE THIS. THESE WANES ARE MERE O F NATURE O F PLANT AS DISEASED BY SEVERAL COURTS AS DIS CUSSED IN ABOVE PARAGRAPHS. IN ITS PAPER BOOK THE A PP ELLANT HAS FAILED TO FILE COPY O F THE REGISTRATION AS TO WHICH CATEGORY THESE CRANES HAVE BEEN REGISTERED BEFORE RTO UNDER MOTOR VEHICLE REGISTRATION ACT. HENCE THESE CRANES CANNOT BE TERMED AS MOTOR OR LORRY OR IN THE DEFINITION OF MOBILE CRANES AS DECI DED BY HON'BLE GUJRAT HIGH COURT IN THE CASE OF GUJJCO CARRIERS. THEREFORE, BY A DETAILED DISCUSSION IT IS VERY CLEAR THAT THE APPELLANT IS MOSTLY HAVING THOSE TYPES OF CRANES WHICH ARE NOT ELIGIBLE OF HIGHER DEPRECIATION AS IS EVIDENT FROM THE DISCUSSION IN ABOVE PARAGRAPHS THEY CAN BE TERMED AS PLANT AND MACHINERY HENCE THEY ARE ELIGIBLE FOR DEPRECIATION @15%. THE APPELLANT ALSO FURNISHED COPIES OF RC BOOKLETS (ISSUED BY RTO) IN RELATION TO 4 CRANES REGISTERED WITH RTO NAMELY GJ - 10K - 3271, GJ - 10K - 2864, GJ - 10K - 2863 AND GJ - 10K - 2581. ALL THE RC BOOKLETS SHOWED THAT THESE CRANES HAD BEEN PURCHASED IN F.Y. 2004 - 05. IN ITS SUBMISSION, THE APPELLANT REFERRED ONLY TO HYDRA CRANES. HENCE, IT IS ASSUMED THAT ALL THE RC BOOKS SUBMITTED PERTAINED TO HYDRA CRANES WHICH HAD BEEN PURCHASED IN EARLIER YEARS. IN RELATION TO OTHER CRANES, THE ASSESSEE DID NOT FURNISH RC BOOKS. ONLY BILLS PERTAIR'IINGJGJIEW ADDJTIONS TO THE OTHER CRANE BLOCKS ON WHICH 30% DEPRECIATION HAD BEEN CLAIMED WERE SUBMITTED. WHEN THESE CRANES DON'T EV EN FALL IN THE CATEGORY OF VEHICLES, THERE IS NO QUESTION OF I.T.A NO S . 960 & 1049 /AHD/20 15 A. Y. 2011 - 12 PAGE NO M/S. PRASAD MULTI SERVICES P. LTD. VS. ACIT 5 REGISTERING THEM WITH RTO. HENCE, THERE IS NO DOUBT THAT THE CLAIM OF DEPRECIATION IN RELATION TO ALL THESE CRANES AT 30% IS WRONG AND HAS TO BE - LIMITED TO ONLY 15% (7.5% FOR THOSE THAT WERE USED FOR LESS THAN 180 DAYS). IN MY CONSIDERED OPINION HYDRA CRANES CAN ONLY BE TERMED AS MOBILE CRANES AND ARE ELIGIBLE FOR HIGHER DEPRECIATION @30%. THEREFORE THE A.O IS DIRECTED TO RE - COMPUTE ELIGIBLE DEPRECIATION ON THIS TYPE OF CRANES ONLY. ACCORDINGLY, H IGHER DEPRECIATION ON THE OTHER TYPES OF CRANES ARE HEREBY DENIED. HENCE THE APPEAL ON THIS GROUND IS PARTLY ALLOWED. 6. DURING THE COURSE OF APPELLATE PROCEEDINGS BEFORE US, THE LD. COUNSEL HAS FURNISHED PAPER BOOK CONTAINING DETAILS OF SUBMISSION MADE BEFORE T H E ASSESSING OFFICER AND LD. CIT(A). DURING THE COURSE OF ASSESSMENT AND APPELLATE PROCEEDINGS , H E HAS CONTENDED THAT ASSESSEE IS ELIGIBLE FOR DEPRECIATION ON HIGHER R ATE IN THE CASE OF TELESCOPIC CRANE, RAIL FOR TOWER CRANE, TOWER CRANE, MOBILE TOWER CRANE, CRAWLER CRANES AND TOWER CRANE MASTS. HE HAS ALSO PLACED RELIANCE ON THE JUDICI AL PRONOUNCEMENT IN THE CASE OF BOTHRA SHIPPING SERVICES VS. CIT - XII , KOLKATTA (2010) 8 TAXMAN.COM 62(KOL) DATED 16 TH JULY, 2010. ON THE OTHER HAND, LD. DEPARTM ENTAL REPRESENTATIVE HAS VEHEMENTLY SUPPORTED THE ORDER OF ASSESSING OFFICER AND ALSO CONTENDED THAT LD. CIT(A) IS NOT RIGHT IN ALLOWING DEPRECIATION @ 30% ON HYDRA CRANE WITHOUT CONSIDERING THE DETAILED FINDING OF ASSESSING OFFICER. 7. WE HAVE HEARD TH E RIVAL CONTENTIONS AND PERUSED THE MATERIAL ON RECORD CAREFULLY. AS PER PROFIT AND LOSS ACCOUNT FOR T H E YEAR 31 ST M ARCH, 2011 THE ASSESSE E HAS SHOWN INCOME FROM MACHINE HIRING DURING THE YEAR UNDER CONSIDERATION. O UT OF TOTAL INCOME OF RS. 17 , 17 , 92 , 943 / - , ASSESSEE HAS SHOWN HIRING INCOME OF RS. 2,10, 0 4,957/ - FROM AIR COMPRESSOR, CRANES, DG SE T , GENI, HYDRA CRANE, BOORN PLACER, TRANSIT MIXER. IN ITS SUBMISSION BEFORE THE ASSESSING OFFICER AND CIT(A), THE ASSESSEE HAS MAINLY REFERRED TO HYDRA CRANES . TH E ASSESSEE HAS ONLY FURNISHED RC BOOKS IN RESPECT OF HYDRA CRANE. BUT THE ASSESSEE HAS FAILED TO FURNISH ANY RELEVANT MATERIAL AND SUPPORTING EVIDENCES TO JUSTIFY ITS CLAI M OF DEPRECATION AT HIGHER RATE IN R ESPECT OF TELESCOPING CRANE, RAIL FOR TOWER CR ANE , TOWER CRANE, MOBILE TOWER CRANE, CRAWLER CRANE AND T O WER CRANE MAST S . THE ASSESSEE HAS PLACED RELIANCE ON THE DECISION OF ITAT IN THE CASE OF BOTHRA SHIPPING SERVICES HOWEVER WE OBSERVE THA T FACTS OF THE CASE OF THE I.T.A NO S . 960 & 1049 /AHD/20 15 A. Y. 2011 - 12 PAGE NO M/S. PRASAD MULTI SERVICES P. LTD. VS. ACIT 6 ASSE SSEE ARE CLEARLY DISTINGUIS HABLE FROM THE FACTS OF THE ABOVE CITED CASE OF KOLKATA ITAT. IN THE CASE OF BOTHRA SHIPPING SERVICES THE ISSUE IN T H E APPEAL WAS PERTAINING TO CRANE MOUNTED VEHICLE , JCB AND 400 WHEE L LOADERS WHICH WERE REG ISTER E D AS HEAVY OR MEDIUM MOTOR VEHICLE BY RT O AND WERE USED IN THE BUSINESS OF HIRING THEM OUT TO OTHER WITHIN AMBIT OF EXP RESSION MOTOR LORRIES. HOWEVER, IN THE CA S E OF THE ASSESSEE IT HAS USE D DIFFERENT K INDS OF CRANES WHICH ARE NOT M OUNTED ON THE VEHICLE. WE HAVE NOTICED THAT H ON BLE JURISDICT IONAL HIGH C OURT OF GUJARAT IN T H E CA SE OF GUJCO CARRIER VS. DCIT (2002) 122 TAXMAN 2006 (GUJ) HELD THAT MOTOR VEHICLE LIKE FIRE TRUCK , FORK LIFT TRUCK AND CRANE TRUCK WHICH ARE DESIGNED FOR SPECIAL SERVICES FALL WITHIN THE CATEGORY OF OTHE R TRUCKS ALSO CA LLED MOTOR LORRIES . FURTHER IN THE CASE OF GUJCO CARRIER THE MOTOR CRANE WAS REGISTERED AS A HEAVY MOTOR VEHICLE AND WAS AN INTEGRAL PART OF MOTOR VEHICLES ON WHICH IT WAS MOUNTED AND IT WAS REGISTERED AS HEAVY MOTOR VEHICLES AND TH AT CRANE WAS USED FOR LI FTING AND MOVING GOODS. M OBILE CRANE WAS ALSO REGISTERED WITH RTO AS HEAVY MOTOR VEHICLE WHICH WAS MOUNTED ON A TRUCK. IT WAS HELD IN THE ABOVE CITED CASE THAT LORRY OR TRUCK WOULD MEAN NOT ONLY ANY MOTOR VEHICLE DESIGNED TO CARRY FREIGHT OR GOODS BUT ALS O TO PERFORM SAID SERVICES LIKE FIRE FIGHTING, THEREFORE, A TRUCK ADOPTED OR DESIGNED TO CARRY A CRANE IS MOUNTED FOR SUCH SERVICES ON LIFTING LOAD, MOVING IT SIDE BY SIDE, ROTATING IT OR MOVING IT HORIZONTALLY. SIMILARLY THE CBDT INSTRUCTION NO.617 REFER TO FOLK LIFTING TRUCK OF HIGHER RATE OF DEPRECATION . ON THE PERUSAL OF THE FINDINGS OF THE JURISDICTIONAL HIGH COURT IN THE CASE OF GUJCO CARRIER IT IS CLEAR THAT TYPE S OF CRANE S HAVING WITH THE ASSESSEE ARE COMPLETELY OF DIFFERENT FROM CATEGOR IES MEN TIONED IN THE DECISION OF HON'ABLE JURISDICTIONAL HIGH COURT IN THE CASE OF GUJCO CARRIER AND IN THE INSTRUCTION NO.617 OF THE CBDT. AFTER PERUSAL OF T HE ABOVE DECISION OF J URISDICTIONAL H ON BLE HIGH C OURT WE OBSERVE THAT ALL T HE 7 CATEGORIES OF CRANE S ON WHICH HIGHER RATE OF DEPRECIATION W ERE CLAIMED WERE NOT INTEGRAL PART OF TRUCK CRANE AS ELABORATED ABOVE IN THE JUDICIAL FINDINGS EXCEPT THE HYDRA CRANE BEING MOUNTED ON THE TRUCK ON WHICH THE LD. CIT(A) HAS CORRECTLY ALLOWED THE HIGHER RATE OF DEP RECIATION . I.T.A NO S . 960 & 1049 /AHD/20 15 A. Y. 2011 - 12 PAGE NO M/S. PRASAD MULTI SERVICES P. LTD. VS. ACIT 7 THEREFORE WE DO NOT FIND ANY MERIT IN THE APPEAL OF THE ASSESSEE AND APPEAL OF THE REVENUE. ACCORDINGLY, BOTH THE APPEALS ARE DISMISSED . 8. IN THE RESULT, THE APPEAL OF THE REVENUE AND THE APPEAL OF THE ASSESSEE ARE DISMISSED. ORDER PR ONOUNCED IN THE OPEN C OURT ON 13 - 08 - 201 8 SD/ - SD/ - ( RAJPAL YADAV ) ( AMARJIT SINGH ) JUDICIAL MEMBER ACCOUNTANT MEMBER AHMEDABAD : DATED 13 /08 /2018 / COPY O F ORDER FORWARDED TO: - 1. ASSESSEE 2. REVENUE 3. CONCERNED CIT 4. CIT (A) 5. DR, ITAT, AHMEDABAD 6. GUARD FILE. BY ORDER/ , / ,