Income Tax Appellate Tribunal - Pune
Rbl Bank Ltd.,, Kolhapur vs Assistant Commissioner Of ... on 14 August, 2018
आयकर अपीलीय अिधकरण "बी
बी"
बी यायपीठ पुणे म ।
IN THE INCOME TAX APPELLATE TRIBUNAL "B" BENCH, PUNE
ी डी.
डी क णाकरा राव,ले
राव लेखा सद य,
सद य एवं ी िवकास अव थी,
अव थी याियक सद य के सम
BEFORE SHRI D. KARUNAKARA RAO, AM AND SHRI VIKAS AWASTHY, JM
आयकर अपील सं. / ITA No.650/PUN/2016
िनधा रण वष / Assessment Year : 2012-13
RBL Bank Limited
(Formerly known as
(The Ratnakar Bank Limited),
Shahu Market Yard,
Kolhapur - 416 001,
Maharashtra
PAN : AABCT3335M .......अपीलाथ / Appellant
बनाम / V/s.
ACIT, Circle-1,
Kolhapur ...... यथ / Respondent
Assessee by : Shri Nikhil Pathak
Revenue by : Shri Pankaj Garg
सुनवाई क तारीख / Date of Hearing : 02.08.2018
घोषणा क तारीख / Date of Pronouncement : 14.08.2018
आदेश / ORDER
PER D. KARUNAKARA RAO, AM :
This appeal filed by the assessee is directed against the order of Commissioner of Income Tax (Appeal)-I, Kolhapur dated 22.02.2016 for the A.Y. 2012-13.
2. Grounds raised by the assessee are extracted here as under :
"1. The Ld.CIT(A), Kolhapur erred in confirming the disallowance of interest of Rs.4,65,78,157/- paid to the Co-operative Credit Societies u/s.40(a)(ia) on the ground that tax was required to be deducted at source and tax was not deducted at source by the Appellant from the interest paid to these co-operative credit societies.
2. The Ld.CIT(A) erred in disregarding the provisions of Section 194(A)(3)(iii)(a) whereby no tax is required to be deducted at source in respect of any interest credited or paid to any banking company to which the 2 ITA No.650 /PUN/2016 RBL Bank Limited Banking Regulation Act, 1949 (10 of 1949) applies or any co-operative society engaged in carrying on the business of banking (including a co-operative land mortgage bank).
3. The Ld.CIT(A) erred in holding that the Co-operative Credit Societies do not carry any banking business because they are engaged in the business of providing credit facilities to its members only. The Ld.CIT(A) failed to appreciate that merely because anybody from general public, who desires to deal with the Co-operative Credit Society is required to become at least a nominal member, will not cease to be part of public upon he becoming a member of the society.
4. The Ld.CIT(A) failed to appreciate that the Co-operative Credit Societies do carry business of banking as defined under the "Banking Regulation Act, 1949.
5. The disallowance of Rs.4,65,78,157/- made by the AO and confirmed by CIT(A) by not considering the exemption u/s.194A(3)(iii)(a) of the Income Tax Act, 1961 be deleted."
3. Assessee also raised an additional ground and the same reads as under :
"1. The assessee submits that the second proviso to section 40(a)(ia) is retrospective in nature and hence, it is applicable to the case of the assessee and therefore, no disallowance is warranted u/s. 40(a)(ia) on account of non- deduction of tax on the interest paid to the co-operative credit societies."
4. Briefly stated relevant facts of the case include that assessee is a bank and filed the return of income declaring total income of Rs.99,07,77,520/-. During the year under consideration, AO noticed that assessee debited interest paid to various depositors amounting to Rs.245.83 crores without deducting TDS. AO opined that the assessee violated the provisions of section 194A of the Act by not deducting the TDS on the said interest payment. Rejecting the explanation given by the assessee, the AO made addition of Rs.4,65,78,157/- . In the First Appellate proceedings, the CIT(A) upheld the addition made by the AO.
5. Aggrieved with the order of CIT(A), the assessee is in appeal before the Tribunal with the above-mentioned grounds/additional ground.
3 ITA No.650 /PUN/2016RBL Bank Limited
6. At the outset, Ld. Counsel for the assessee submitted that assessee is aggrieved with invoking the provisions of section 40(a)(ia) of the Act in respect of the payments made to the Credit Co-operative Societies that the amounts were paid without making TDS. Further, Ld. Counsel mentioned that similar issue was adjudicated by the Tribunal in assessee's own case for the A.Yrs. 2010-11 and 2011-12 vide ITA Nos. 501 and 502/PUN/2015, decided on 31-05-2018. Ld. Counsel filed the copy of the said order and drew our attention to contents of Para Nos. 4 to 7 and submitted that the issue stands remitted back to the file of AO along with the additional ground raised in the said appeals giving the benefit of second proviso to section 40(a)(ia) of the Act. It is the prayer of the Ld. Counsel that this issue may also be remanded with identical directions admitting the additional ground raised by the assessee.
7. Ld. DR for the Revenue relied on the orders of the AO and the CIT(A).
8. We heard both the sides and perused the said order of the Tribunal in the assessee's own case for the A.Yrs. 2010-11 and 2011-12 (supra) and find it relevant to extract the finding given by the Tribunal. The operational paras of the order of Tribunal are reproduced here as under :
"4.1 In respect of ground No. 1 relating to disallowance made u/s. 40(a)(ia) of the Act the ld. DR submitted that second proviso to section 40(a)(ia) was introduced w.e.f. 01-04-2013 and has prospective application only. The assessment year under appeal is prior to the date of insertion of second proviso, therefore, the benefit of second proviso cannot be extended to the assessee. In support of his submissions, the ld. DR placed reliance on the decision of Hon'ble Kerala High Court in the case of Thomas George Muthoot Vs. Commissioner of Income Tax reported as 287 CTR 101.
5. Controverting the submissions of DR, the ld. AR of assessee submitted that the Hon'ble Delhi High Court in the case of Commissioner of Income Tax Vs. Ansal Land Mark Township (P) Ltd. (supra) has held that second proviso to section 40(a)(ia) is clarificatory in nature and is applicable retrospectively.4 ITA No.650 /PUN/2016
RBL Bank Limited The ld. AR further contended that the Co-ordinate Bench of the Tribunal in the case of Yamazaki Mazak India Pvt. Ltd. Vs. Pr. Commissioner of Income Tax in ITA No. 153/PN/2016 for assessment year 2010-11 decided on 28-10- 2016 has considered the decision of Hon'ble Kerala High Court in the case of Thomas George Muthoot Vs. Commissioner of Income Tax (supra) and thereafter allowed the benefit of second proviso to the assessee.
6. We have heard the submissions made by representatives of rival sides and have perused the orders of authorities below. We have also considered the decisions on which both the sides have placed reliance. The first issue in appeal for assessment year 2010-11 is with respect to disallowance of interest paid to Co-operative Credit Societies without deduction of tax at source. The assessee was under obligation to deduct tax u/s. 194A on the payment of interest to the Co-operative Credit Societies. Since, the assessee failed to comply with the TDS provisions, disallowance was made u/s. 40(a)(ia) of the Act.
The assessee has now raised an additional ground seeking benefit of second proviso to section 40(a)(ia) inserted by the Finance Act, 2012 w.e.f. 01-04-2013. The ld. AR submitted that the assessee would furnish necessary documents to show that the recipients of interest have offered interest income to tax in their respective returns. The Department has vehemently opposed the additional ground raised by assessee on the ground that second proviso to section 40(a)(ia) does not apply retrospectively. We find that identical issue had come up before the Tribunal in the case of Yamazaki Mazak India Pvt. Ltd. Vs. Pr. Commissioner of Income Tax (supra). The Co-ordinate Bench after considering the decision of Hon'ble Delhi High Court in the case of Commissioner of Income Tax Vs. Ansal Land Mark Township (P) Ltd. (supra) and the decision of Hon'ble Kerala High Court in the case of Thomas George Muthoot Vs. Commissioner of Income Tax (supra) decided the issue in favour of assessee. The relevant extract of the findings of Tribunal on this issue are as under :
"6. We have heard the submissions made by the representatives of rival sides and have perused the orders of the authorities below. The only issue in the present appeal arising from the arguments made on behalf of both the sides is; Whether the second proviso to section 40(a)(ia) inserted by Finance Act, 2012, is applicable retrospectively or w.e.f. 01-04-2013. Before we proceed with the issue it would be relevant to first refer to the amendment brought in by the Finance Act, 2012 to section 40(a)(ia) by way of insertion of proviso.
"40. Notwithstanding anything to the contrary in sections 30 to [38], the following amounts shall not be deducted in computing the income chargeable under the head "Profits and gains of business or profession",--
(a) in the case of any assessee--
xxxxxxxxxx xxxxxxxxxx (ia) [any interest, commission or brokerage,[rent, royalty,] fees for professional services or fees for technical services payable to a resident, or amounts payable to a contractor or sub-contractor, being resident, for carrying out any work (including supply of labour for carrying out any work), on which tax is deductible at source under Chapter XVII-B and such tax has not been deducted or, after deduction, [has not been paid on or before the due date specified in sub-section (1) of section 139;] Provided that xxxxxxxxxx 5 ITA No.650 /PUN/2016 RBL Bank Limited Provided further that where an assessee fails to deduct the whole or any part of the tax in accordance with the provisions of Chapter XVII-B on any such sum but is not deemed to be an assessee in default under the first proviso to sub-section (1) of section 201, then, for the purpose of this sub- clause, it shall be deemed that the assessee has deducted and paid the tax on such sum on the date of furnishing of return of income by the resident payee referred to in the said proviso."
With the introduction of second proviso it would be imperative that before disallowing any amount for non-deduction of tax at source it would be necessary to ascertain whether the recipient of the amount in question had paid taxes on such amount. If the answer is in affirmative no disallowance u/s. 40(a)(ia) is warranted on such payment. The Memorandum explaining the insertion of new proviso reads as under :
"A related issue to the above is the disallowance under section 40(a)(ia) of certain business expenditure like interest, commission, brokerage, professional fee, etc. due to non-deduction of tax. It has been provided that in case the tax is deducted in subsequent previous year, the expenditure shall be allowed in that subsequent previous year of deduction.
In order to rationalise the provisions of disallowance on account of non- deduction of tax from the payments made to a resident payee, it is proposed to amend section 40(a)(ia) to provide that where an assessee makes payment of the nature specified in the said section to a resident payee without deduction of tax and is not deemed to be an assessee in default under section 201(1) on account of payment of taxes by the payee, then, for the purpose of allowing deduction of such sum, it shall be deemed that the assessee has deducted and paid the tax on such sum on the date of furnishing of return of income by the resident payee.
These beneficial provisions are proposed to be applicable only in the case of resident payee.
These amendments will take effect from 1st April, 2013 and will, accordingly, apply in relation to the assessment year 2013-14 and subsequent assessment years."
7. In the present case it is an admitted fact that the assessee has made payment of rent to the tune of `1,15,90,000/- to M/s. Elpro International Ltd. No tax has been deducted on the aforesaid payment by the assessee. The assessee was supposed to deduct tax at source @ 0.75%, in accordance with the low rate tax certificate issued by the Department. The Assessing Officer during the scrutiny assessment proceedings failed to take into consideration the rent paid by the assessee without deduction of tax at source. The Pr. Commissioner of Income Tax invoked the provisions of section 263 and directed the Assessing Officer to make disallowance u/s. 40(a)(ia) of the Act. While issuing aforesaid directions the Pr. Commissioner of Income Tax held that the assessee is not eligible to claim the benefit of the second proviso to section 40(a)(ia) inserted by Finance Act, 2012 as the amendment is effective from 01-04-2013. The Pr. Commissioner of Income Tax has further placed reliance on the decision of Hon'ble Kerala High Court in the case of Prudential Logistics And Transports Vs. Income Tax Officer (supra) to fortify his view. The contention of the assessee is that the amendment to section 40(a)(ia) by way of insertion of the second proviso is applicable with retrospective effect. To strengthen this contention support has been drawn from the judgment of Hon'ble Delhi High Court in the case of Commissioner of Income Tax Vs. Ansal Land Mark Township (P) Ltd. (supra). The question before Hon'ble High Court for determination was :
6 ITA No.650 /PUN/2016RBL Bank Limited "5. The other issue urged by the Revenue during the course of arguments pertains to the retrospectivity of the second proviso to Section 40(a)(ia) of Act.........."
The Hon'ble High Court answered the question by holding the amendment to be retrospective. The relevant extract of the judgment is reproduced as under :
"12. Relevant to the case in hand, what is common to both the provisos to Section 40 (a) (ia) andSection 210 (1) of the Act is that the as long as the payee/resident (which in this case is ALIP) has filed its return of income disclosing the payment received by and in which the income earned by it is embedded and has also paid tax on such income, the Assessee would not be treated as a person in default. As far as the present case is concerned, it is not disputed by the Revenue that the payee has filed returns and offered the sum received to tax.
13. Turning to the decision of the Agra Bench of ITAT in Rajiv Kumar Agarwal v. ACIT (supra ) , the Court finds that it has undertaken a thorough analysis of the second proviso to Section 40 (a)(ia) of the Act and also sought to explain the rationale behind its insertion. In particular, the Court would like to refer to para 9 of the said order which reads as under:
"On a conceptual note, primary justification for such a disallowance is that such a denial of deduction is to compensate for the loss of revenue by corresponding income not being taken into account in computation of taxable income in the hands of the recipients of the payments. Such a policy motivated deduction restrictions should, therefore, not come into play when an assessee is able to establish that there is no actual loss of revenue. This disallowance does deincentivize not deducting tax at source, when such tax deductions are due, but, so far as the legal framework is concerned, this provision is not for the purpose of penalizing for the tax deduction at source lapses. There are separate penal provisions to that effect. Deincentivizing a lapse and punishing a lapse are two different things and have distinctly different, and sometimes mutually exclusive, connotations. When we appreciate the object of scheme of section 40(a)(ia), as on the statute, and to examine whether or not, on a "fair, just and equitable" interpretation of law- as is the guidance from Hon'ble Delhi High Court on interpretation of this legal provision, in our humble understanding, it could not be an "intended consequence" to disallow the expenditure, due to non deduction of tax at source, even in a situation in which corresponding income is brought to tax in the hands of the recipient. The scheme of Section 40(a)(ia), as we see it, is aimed at ensuring that an expenditure should not be allowed as deduction in the hands of an assessee in a situation in which income embedded in such expenditure has remained untaxed due to tax withholding lapses by the assessee. It is not, in our considered view, a penalty for tax withholding lapse but it is a sort of compensatory deduction restriction for an income going untaxed due to tax withholding lapse. The penalty for tax withholding lapse per se is separately provided for in Section 271 C, and, section 40(a)(ia) does not add to the same. The provisions of Section 40(a)(ia), as they existed prior to insertion of second proviso thereto, went much beyond the obvious intentions of the lawmakers and created undue hardships even in cases in which the assessee's tax withholding lapses did not result in any loss to the exchequer. Now that the legislature has been compassionate enough to cure these shortcomings of provision, and thus obviate the unintended hardships, such an amendment in law, in view of the well settled 7 ITA No.650 /PUN/2016 RBL Bank Limited legal position to the effect that a curative amendment to avoid unintended consequences is to be treated as retrospective in nature even though it may not state so specifically, the insertion of second proviso must be given retrospective effect from the point of time when the related legal provision was introduced. In view of these discussions, as also for the detailed reasons set out earlier, we cannot subscribe to the view that it could have been an "intended consequence" to punish the assessees for non deduction of tax at source by declining the deduction in respect of related payments, even when the corresponding income is duly brought to tax. That will be going much beyond the obvious intention of the section. Accordingly, we hold that the insertion of second proviso to Section 40(a)(ia) is declaratory and curative in nature and it has retrospective effect from 1st April, 2005, being the date from which sub clause (ia) of section 40(a) was inserted by the Finance (No. 2) Act, 2004."
14. The Court is of the view that the above reasoning of the Agra Bench of ITAT as regards the rationale behind the insertion of the second proviso to Section 40(a) (ia) of the Act and its conclusion that the said proviso is declaratory and curative and has retrospective effect from 1st April 2005, merits acceptance.
15. In that view of the matter, the Court is unable to find any legal infirmity in the impugned order of the ITAT in adopting the ratio of the decision of the Agra Bench, ITAT in (Rajiv Kumar Agarwal v. ACIT)."
8. Similar view has been taken by the Kolkata Bench of the Tribunal in the case of New Alignment Vs. Income Tax Officer (supra) and Mumbai Bench of the Tribunal in the case of Reliance Communications Ltd. Vs. Assistant Commissioner of Income Tax (supra). In both the above said cases, the Tribunal has followed the decision of Hon'ble Delhi High Court in the case of Commissioner of Income Tax Vs. Ansal Land Mark Township (P) Ltd. (supra).
9. One of the contentions of the ld. DR is that in the cases cited on behalf of the assessee, the decision rendered by Hon'ble Kerala High Court has not been considered. We find that Raipur Bench of the Tribunal in the case of R K P Company Vs. Income Tax Officer (supra) has considered the decision of Hon'ble Kerala High Court in the case of Thomas George Muthoot Vs. CIT (supra), in which the judgment rendered in the case of Prudential Logistics And Transports Vs. Income Tax Officer (supra) was considered. The Raipur Bench by following the judgment of Hon'ble Delhi High Court held that the amendment is retrospective in nature. The relevant extract of the findings of Raipur Bench of the Tribunal are reproduced here-in-below :
"4. We find that Hon'ble Delhi High Court has specifically approved the stand taken by a coordinate bench of this Tribunal, in the case of Rajeev Kumar Agarwal Vs ACIT [(2014) 149 ITD 363 (Agra)], and upheld the action of the Tribunal in following the same.
9. ............................ Now that the legislature has been compassionate enough to cure these shortcomings of provision, and thus obviate the unintended hardships, such an amendment in law, in view of the well settled legal position to the effect that a curative amendment to avoid unintended consequences is to be treated as retrospective in nature even though it may not state so specifically, the insertion of second proviso must be given retrospective effect from the point of time when the related legal provision was introduced. In view of these discussions, as also for the detailed reasons set out earlier, we cannot subscribe to the view that it could have been an "intended consequence" to punish the assessees for non deduction of tax at source by declining the deduction in respect 8 ITA No.650 /PUN/2016 RBL Bank Limited of related payments, even when the corresponding income is duly brought to tax. That will be going much beyond the obvious intention of the section. Accordingly, we hold that the insertion of second proviso to Section 40(a)(ia) is declaratory and curative in nature and it has retrospective effect from 1st April, 2005, being the date from which sub clause (ia) of section 40(a) was inserted by the Finance (No. 2) Act, 2004.
10. In view of the above discussions, we deem it fit and proper to remit the matter to the file of the Assessing Officer for fresh adjudication in the light of our above observations and after carrying out necessary verifications regarding related payments having been taken into account by the recipients in computation of their income, regarding payment of taxes in respect of such income and regarding filing of the related income tax returns by the recipients. While giving effect to these directions, the Assessing Officer shall give due and fair opportunity of hearing to the assessee, decide the matter in accordance with the law and by way of a speaking order. We order so
5. In effect thus, Their Lordships have approved the action of the Tribunal in remitting the matter to the file of the Assessing Officer with a direction to ascertain whether the recipient has taken into account related payments into computation of his income and offering the same to tax, and, if so, delete the disallowance under section 40(a)(ia) in respect of the same.
6. When, however, we asked the learned Departmental Representative as to why we should also not remit the matter to the file of the Assessing Officer, with the same directions, he, alongwith his senior colleague Shri Darhan Singh, who happens to be the CIT(A) authoring the impugned order and who was on duty as CIT(DR) before us, had three points to make- first, that there are decisions in support of the stand of the Assessing Officer's stand, by way of Hon'ble Kerala High Court's decision in the case of Thomas George Muthoot Vs CIT [(2015) 63 taxmann.com 99 (Kerala)]; second, that even if insertion of second proviso to Section 40(a)(ia) can be construed as retrospective in effect, the corresponding rule in the Income Tax Rules 1962 is not, and has not been held to be, retrospective, and the second proviso to Section 40(a)(ia) cannot, therefore, be give retrospective effect; and, third, that there is no decision on this issue by Hon'ble jurisdictional High Court and, as such, the stand of the Assessing Officer cannot be faulted.
7. As for Hon'ble Kerala High Court's decision in the case of Thomas George Muthoot (supra), undoubtedly, outside the jurisdiction of Hon'ble Kerala High Court and outside the jurisdiction of Hon'ble Delhi High Court- which has decided the issue in favour of the assessee, there are conflicting decisions on the issue of restrospectivity of second proviso to Section 40(a)(ia). It is thus evident that views of these two High Courts are in direct conflict with each other. Clearly, therefore, there is no meeting ground between these two judgments. The difficulty arises as to which of the Hon'ble non jurisdictional High Court is to be followed by us in the present situation. It will be wholly inappropriate for us to choose views of one of the High Courts based on our perceptions about reasonableness of the respective viewpoints, as such an exercise will de facto amount to sitting in judgment over the views of the High Courts something diametrically opposed to the very basic principles of hierarchical judicial system. We have to, with our highest respect of both the Hon'ble High Courts, adopt an objective criterion for deciding as to which of the Hon'ble High Court should be followed by us. We find guidance from the judgment of Hon'ble Supreme 9 ITA No.650 /PUN/2016 RBL Bank Limited Court in the matter of CIT vs. Vegetable Products Ltd. [(1972) 88 ITR 192 (SC)]. Hon'ble Supreme Court has laid down a principle that "if two reasonable constructions of a taxing provisions are possible, that construction which favours the assessee must be adopted". This principle has been consistently followed by the various authorities as also by the Hon'ble Supreme Court itself. In another Supreme Court judgment, Petron Engg. Construction (P) Ltd. & Anr. vs. CBDT & Ors. (1988) 75 CTR (SC) 20 : (1989) 175 ITR 523 (SC), it has been reiterated that the above principle of law is well established and there is no doubt about that. Hon'ble Supreme Court had, however, some occasions to deviate from this general principle of interpretation of taxing statute which can be construed as exceptions to this general rule. It has been held that the rule of resolving ambiguities in favour of taxpayer does not apply to deductions, exemptions and exceptions which are allowable only when plainly authorised. This exception, laid down in Littman vs. Barron 1952(2) AIR 393 and followed by apex Court in Mangalore Chemicals & Fertilizers Ltd. vs. Dy. Commr. of CT (1992) Suppl. (1) SCC 21 and Novopan India Ltd. vs. CCE & C 1994 (73) ELT 769 (SC), has been summed up in the words of Lord Lohen, "in case of ambiguity, a taxing statute should be construed in favour of a tax-payer does not apply to a provision giving tax-payer relief in certain cases from a section clearly imposing liability". This exception, in the present case, has no application.
The rule of resolving ambiguity in favour of the assessee does not also apply where the interpretation in favour of assessee will have to treat the provisions unconstitutional, as held in the matter of State of M.P. vs. Dadabhoy's New Chirmiry Ponri Hill Colliery Co. Ltd. AIR 1972 (SC) 614. Therefore, what follows is that in the peculiar circumstances of the case and looking to the nature of the provisions with which we are presently concerned, the view expressed by the Hon'ble Delhi High Court in the case of Ansal Landmark (supra), which is in favour of assessee, is required to be followed by us. Revenue does not, therefore, derive any advantage from Hon'ble Kerala High Court's decision in the case of Thomas George Muthoot (supra)."
10. It is a well settled law that where two divergent views are possible and both the views are equally convincing, the view in favour of the assessee must be adopted. Thus, applying the ratio laid down by the Hon'ble Supreme Court of India in the case of CIT Vs. Vegetable Products Ltd. (supra) we accept the contentions of the assessee and hold that the second proviso to section 40(a)(ia) inserted by Finance Act, 2012 is applicable retrospectively w.e.f. 01-04-2005."
7. Thus, in light of the above order of Co-ordinate Bench, we deem it appropriate to remit this issue back to the file of Assessing Officer for de-novo consideration. The assessee shall furnish necessary documents to show that the recipients of interest have disclosed the interest income in their respective returns. The Assessing Officer after affording reasonable opportunity of hearing shall decide this issue afresh, in accordance with law. Accordingly, the ground No. 1 raised in the appeal for assessment year 2010-11 is allowed for statistical purpose."
From the above, we find the additional ground raised by the assessee in the above appeals is also identical. Further, it is evident that the Tribunal relying on various decisions before remanding the issue to the file of AO and the details are discussed in Para No.6. Therefore, we admit the 10 ITA No.650 /PUN/2016 RBL Bank Limited additional ground raised by the assessee and remand the issue back to the file of AO for fresh adjudication with identical directions as given in the order of Tribunal (supra) for earlier assessment years. Accordingly, the grounds/additional ground raised by the assessee are allowed for statistical purposes.
9. In the result, the appeal of the assessee is allowed for statistical purposes.
Order pronounced on 14th day of August, 2018.
Sd/- Sd/-
(िवकास अव थी /VIKAS AWASTHY) (डी. क णाकरा राव/D.
KARUNAKARA RAO)
याियक सद य/JUDICIAL MEMBER लेखा सद य/ACCOUNTANT MEMBER
पुणे / Pune; दनांक / Dated : 14th August, 2018.
Satish
आदेश क ितिलिप अ#ेिषत / Copy of the Order forwarded to :
1. अपीलाथ / The Appellant.
2. यथ / The Respondent.
3. The CIT(Appeal)-1, Kolhapur
4. The CIT-1, Kolhapur
5. िवभागीय ितिनिध, आयकर अपीलीय अिधकरण, "बी" ब च, पुणे / DR, ITAT, "B" Bench, Pune.
6. गाड फ़ाइल / Guard File.
आदेशानुसार / BY ORDER, // True Copy // Senior Private Secretary आयकर अपीलीय अिधकरण, पुणे / ITAT, Pune.