Income Tax Appellate Tribunal – Indore
M/S Oref Securities Private Ltd. , … vs Income Tax Officer, Indore on 17 November, 2021 आयकर अपील य अ धकरण, इंदौर अहमदाबाद यायपीठ, – इंदौर
IN THE INCOME TAX APPELLATE TRIBUNAL
INDORE, INDORE BENCH
BEFORE SHRI MANISH BORAD, ACCOUNTANT MEMBER
AND
MS.MADHUMITA ROY, JUDICIAL MEMBER
आयकर अपील सं./ ITA No.70/Ind/2018
नधा रण वष /Asstt. Year: 2013-14
M/s.OREF Securities P.Ltd. Vs. ITO, Mandsaur.
69, Agrasen Nagar
B/h. MID India
Mandsaur.
अपीलाथ / (Appellant) तयथ
् / (Respondent)
Revenue by : Shri Rajib Jain, CIT-DR
Assessee by : Shri S. S. Solanki, CA
सन
ु वाई क तार ख/Date of Hearing : 19/08/2021
घोषणा क तार ख /Date of Pronouncement: 17/11/2021
आदे श/O R D E R
PER Ms. MADHUMITA ROY, JUDICIAL MEMEBR:
Present appeal by the assessee is directed against order dated
01-11-2017 passed by the Ld. Commissioner of Income-tax (Appeals),
Ujjain (M.P.) arising out of order dated 22.3.2016 passed by the ITO,
Mandsaur under section 143(3) of the Income Tax Act, 1961
(hereinafter referred to as “the Act”) for the assessment year 2013-14
whereby and whereunder addition to the tune of Rs.11,77,50,000/-
made under section 68 of the Act, has been confirmed by the ld.CIT(A).
2. Brief facts of the case is this that during the year under
consideration, the assessee-company issued total 3,80,375 shares of
face value of Rs.10/- each. Out of which, on 86,000 shares, share
premium has been charged at Rs.490/- per share, and on 2,94,375,
ITA No.70/Ind/2018
2
share premium was charged at Rs.390/- each. Out of total share
premium amount of Rs.15,69,46,250/-, the premium of
Rs.4,21,40,000/- was received during the financial year 2010-11 and
the balance of Rs.11,48,06,250 has been received during the year
under consideration. Notices under section 133(6) dated 11.8.2015
were issued by the ld.AO to all seven companies who had applied for
shares. Out of seven companies, six have replied in response to the
said notices and confirmed their investment. While doing so, they have
further filed certain documents in order to substantiate the genuineness
of their investment. However, upon perusal of the details provided by
these parties, the ld.AO came to the conclusion that share premium
charged by the company was excessive considering financial
performance of those company. The company, providing share
premium, existed only on paper. The Company relieved huge amount
as loan and gave the same to other concerns without apparent motive
of conducting any actual business. As per the opinion of the ld.AO, the
appellant company had accepted share premium from the companies
which were engaged in providing bogus entries in the form of loan and
share application money. The ld.AO ultimately was not satisfied with
the credit-worthiness of the creditors and genuineness of the
transaction. The directors of shareholding companies, since not
appeared though directed the duty cast upon the appellant to prove
genuineness of the share allotment was not discharged, and therefore,
share premium to the tune of Rs.11,77,50,000/- has been added to the
total income of the assessee, treating the same as bogus by invoking
provisions of section 68 of the Act. The ld.AO, as we find from these
order, discussed at length about the high premium and accepted
Rs.28,31,888/- towards share capital (at Rs.9.62 per equity share), but
treated Rs.11,49,18,112/- being the excessive share premium.
However, no addition under section 56(2)(viib) of the Act was made
while doing so. The relevant observation of the ld.AO is reproduced
hereinbelow:
ITA No.70/Ind/2018
3
“5.21 In view of the above, computation ii is clear that the fair market
value of the allotted equity shares amounts to Rs.9.62/- per equity
shares. The assessee company has allotted 2,94,375/- equity shares
during the period and fair market value of these shares amount to Rs.
28,31,888/-. The assessee company has received a sum of Rs.
11,77,50,000/- against these shares. Thus, excessive share premium
received by the company amounts to Rs.11,49,18,112/- which is liable
to be added to the income of the assessee in view of the provisions of
section 56(2)(viib) of the Income Tax Act, 1961.
5.22 As per above discussion, the addition u/s 68 is coming to Rs.
11,77,50,000/- and addition u/s. 56(2)(viib) is coming to Rs.
11,49,18,112/- only. As double addition cannot be made, therefore
addition u/s 68 as discussed above of Rs. 11,77,50,000/- is being made
in this case and as the assessee has furnished inaccurate particulars of
its income penalty proceedings u/s 271(1)9c) are also initiated.”
3. Before the ld.CIT(A), the appellant filed following written
submissions:
With regard to the Income Tax Appeal in the case of our above named
client company for the Assessment Year 2013-14, we have to submit as
under:-
Ground No. 1
1.1 This ground relate to deemed addition of Rs. 14918112/- u/s
56(2)(viib) of the Income Tax Act. That the AO in his order has discussed
about two sections, section 56(2)(viib) and section 68. However, be opted
to go for addition U/s 68 and not u/s 56(2)(viib ).
1.2 The AO has not made addition u/s 56(2)(vii)(b) but. has discussed the
section in detail We have raised ground no. 1 to keep this matter alive. If
any adjudication is to be given on this issue, We may be given some time
to give separate submission on this issue.
Ground No.2
2.1 This ground relates to addition of Rs. 17750000/- by alleging that
credit worthiness and genuineness of the share transaction cannot be
proved.
2.2 That the appellant has produced following before the AO:-
i) Computation of Income along with acknowledgement.
ii) Balance Sheet along with Audit Report,
iii) Confirmation letters.
iv) Relevant bank statements.
ITA No.70/Ind/2018
4
2.3 The AO in para 5.2 also confirmed that the assesses has submitted the
desired details.
2.4 Notices u/s 133(6) were issued to all seven companies from whom
share application money was received.
2.5 All the seven notices issued u/s 133(6) were served and replies were
received by the AO from Six companies directly and from one company by
the assesses on the instructions of the AO.
2.6 The AO commented that though the identity of shareholder is proved
yet the genuineness and credit worthiness is not proved.
2.7 That when the assessee has proved the identity and also the
transaction is through banking channels for which the bank statements
are also furnished, the summons issued have also been served and replied,
the ingredients of proving share capital is proved. For this proposition
reliance is placed on following decisions:-
i)Honorable Rajasthan High Court in the case of Barkha Synthetics Ltd.
Vs. ACIT reported in 283 ITR 0377 held that the principle relating to
burden of proof concerning the assesse is that where the matter concern
the money receipt by way of share application from investors through
banking channel the assessee has to prove existence of person in whose
name share application is received. Once the existence of investor is
proved, it is no further burden of assessee to prove whether that person
itself has invested said money or some other person had made investment
in the name of that person. The burden then shifts on revenue to establish
that such investment has come from assessee-company itself. -CIT vs.
Shree Barkha Synthetics Ltd. (2003) 182.CTR (Raj) 175 followed
ii) Honorable Delhi High Court in the case of CIT vs. Dwarkadhish
Investment Pvt Ltd. Reported in 45 DTK 0281, 330 ITR 029, held that
Tribunal having confirmed the order of the CIT(A) deleting the impugned
addition under s.: 68 holding that the assessee has been able to prove
the identity of the share applicants and the share application money has
been received by way of account payee cheques, no question of law arises.
iii) Honorable Madhya Pradesh High Court in the case of CIT vs.
Metachem Industries reported in 245 ITR 0160 held that once it is
established that the amount has been invested by a particular person, be
he a partner or an individual, then the responsibility of the assessee -/rim
is over. The assessee-firm can not ask that person who makes investment
ITA No.70/Ind/2018
5
whether the money invested is properly taxed or not The assessee is only
to explain that individual to account for the investment made by him. If
that person own that entry, then, the burden of the assessee – firm is
discharged. It is open for the AO to undertake further investigation with
regard to that individual who has deposited this amount. So far as the
responsibility of the assessee concerned, it is satisfactorily discharged.
Whether that person is income tax payer or not or from where he has
brought this money is not the responsibility of the firm.
iv) Honorable Supreme Court of India in the case of CIT vs. Lovely
Exports Pvt Ltd. Reported in 216 CTR 0195 held that if the share
application money is received by the assessee company from alleged
bogus shareholders, whose names are given to the AO, then the
department is free to proceed to reopen their individual assessment in
accordance with law, but it cannot be regarded as undisclosed income of
assessee company.
iv)Honorable Supreme Court of India in the case of CIT vs. Lovely
Exports Pvt. Ltd. Reported in 229 CTR 86 held that can the amount of
share money be regarded as undisclosed income u/s 68 of-IT Act, 1961?
We find no merit in this special leave petition for the simple reason that if
the share application money is received by the assessee company from
alleged bogus shareholders, whose names are given to the AO, then the
department is free to proceed to reopen their individual assessments in
accordance with law, Hence, we find no infirmity with the impugned
judgment.
vi. Honorable Madhya Pradesh High Court in the case of Sumerchand
Jain vs. CIT Reported in 292 ITR 0241 held that the source of CR was not
essential to be proved inasmuch as the assessee had been able to prove
the identity, entry and source of the third party and it should be regarded
that the assessee has been able to discharge the onus. In view of the
aforesaid, as far as the transaction relating to purchase of silver made by
the assessee firm from CR on credit basis which finds mention in the
books of accounts it could not have been added on the basis of
suppression.
vii)Honorable Delhi High court in the case of CIT vs. Divine Leasing &
Finance Ltd. Reported in 207 CTR 0038 held that there cannot be two
opinions on the aspect that the pernicious practice of conversion of
unaccounted money through the masquerade or channel of investment in
the share capital of a company must be firmly excoriated by the revenue.
Equally, where the preponderance of evidence indicates absence of
culpability and complexity of the assessee is should not be harassed by the
ITA No.70/Ind/2018
6
revenue’s insistence that it should prove the negative. In the case of a
public issue, the company concerned cannot be expected to know every
detail pertaining to the identity as well as financial worth of each of its
subscribers. The company must, however, maintain make available to the
AO for his perusal, all the information contained in the statutory share
application documents. In the case of private placement the legal regime
would not be the same. A delicate balance must be
maintained while walking the tightrope of ss. 68 and 69. The burden of
proof can seldom be discharged to the hilt by the assesses; if the AO
harbours doubts of the legitimacy of any subscription he is empowered,
nay duty bound, carryout thorough investigations. But if the AO fails to
unearth any wrong or illegal dealings, he can not obdurately adhere to
his suspicions and treat the subscribed capital as the undisclosed income
of the assesses.
viii) Honorable Allahabad High Court in the case of CIT vs. Nav Bharat
Duplex Ltd. Reported in 35 taxmann. Com 289 Section 68 of the income-
tax Act, 1961 – cash credits [Share application money]- Assessment year
2004-05- During assessment proceedings, assessee -company submitted
information relating to share application, who had invested in its share
capital -Assessing Officer held that assessee could not discharged its onus
in proving that share applicants of amount of Rs.25 lakhs had enough
money in their bank accounts on date of purchase of share – He ,
therefore, added said amount to income of assessee as unexplained cash
credit under section 68- Commissioner (Appeals) held that five companies
subscribing equity share amounting to Rs.25 lakhs were identified _ and
they had submitted their bank statements, cash extracts and returns-filling
receipt – He , therefore, deleted impugned addition made by assessing
officer -Tribunal upheld order of commissioner (Appeals) – supreme court
while dealing with similar issue in various cases held that identity of
shareholder alone is required to be proved in case of capital contributed
by shareholders -Whether since five companies subscribing equity share
amounting to Rs.25 lakhs were identified and they had submitted their
bank statement, cash extracts and returns filling receipt, identity of share
applicant companies and purchase of share had been proved-by assessee
– Held, yes – Whether, therefore, appellate authorities had rightly deleted
impugned addition made by Assessing Officer – Held, yes [para6] [In
favour of assessee]
ix) Honorable Delhi High court in the case of CIT vs. Kansal Fincap Ltd.
Reported in 221 Taxman 151 Section 68: Cash credits -Share application
money – No addition shall be made in the hands of the assessee where
transaction related to the receipt of share application money are genuine
and are fully recorded by the share applicants.
ITA No.70/Ind/2018
7
x) HONORABLE AHMEDABAD, IT AT TRIBUNAL (A) In The Case of ITO
vs. APEX THERM PACKAGING PVT. LTD. When full particulars, inclusive
of confirmation with mane, address and PAN Numbers, copy of Income Tax
Returns, balance sheet, profits and loss accounts and computation of total
income in respect of all creditors were furnished and when it had been found
that loan received through cheques and loan account were duly reflected in
balance sheet, AO was not justified in making addition u/s 68.
xi)Honorable Delhi High court in the case of CIT vs. Expo Globe India Ltd.
82 CCH 0477 Income – Cash credits Share application money – AO held
assessee/ respondents to have received share application money to extend of
Rs. X and disallowed same on ground that assessee had not provided
satisfactorily explanation – CIT (A) delete disallowance and ITA T upheld
same – held, AO had initially concluded on basis of materials made available
at that stage that service of entry providers had been utilized to bring in
capital -After remand CIT (A) elaborately took into account considerable
materials furnished by assessee-These included Income tax returns, CIT(A)
held that share application money or source of share application money had
been satisfactorily explained – ITAT was of opinion that no interference was
warranted having regard to facts of case- Only sentence in paragraph-6 of
impugned order that amounts were refunded t application itself should not be
ground to conclude that findings recorded by lower authorities are not on
basis of evidence
xii) Honorable ALLAHABAD HIGH COURT OF IN THE OF CIT vs.
VACMET PACKAGING (INDIA) PVT. LTD. In this regard, both the
CIT(A) and the tribunal had noted that the assessee had established all
the three aspects by producing, during the courses of the assessment
necessary documentary material such as the share application forms,
copies of bank accounts, income tax returns and balance sheet. .
xiii) Honorable Calcutta High Court in the case of CIT vs. Nishan Indo
Commerce Ltd. Reported is 101 DTK (Cal) 0413 Once identity and other
relevant particulars of shareholders are disclosed, it is for these
shareholders to explain source of their funds and not for assessee
company to show wherefrom these shareholders obtained funds.
xiv) Honourable ITAT Indore in the case of Agrawal coal corporation
Pvt. Ltd. Vs. Additional CIT reported in 135 ITD 270 S. 68 : Cash Credits
– share application money – identity – identity of share applicants were not
established hence addition was up held The assessee is a Pvt. Ltd.
Company engaged in the trading business in coal. It was found that
Hindustan Continental Ltd. (HCL) had applied for 40000 share
application on face value of Rs.IO each and premium of Rs.90 per share.
Similarly the Optimates Textile Industries Ltd, (OTL) also applied for
ITA No.70/Ind/2018
8
10000 shares. Both the parties are from Indore. The Assessing Officer
referred the matter to Assistant Commissioner Indore to verify the
genuineness or parties. ‘1 he investigation carried out by the officials of
Indore; it was found that the parties were not in existence. The assessing
officer held that as the assessee has failed to establish identity of share
applicants the addition was made under section 68. On appeal the
commissioner (Appeals), up held the addition. On appeal to the Tribunal,
the Tribunal held that since the identity of share applicants had not been
established, the initial onus laid down under section 68 had not been
discharged and thus addition made to be upheld.
In view of the facts of the case and case laws cited above, the addition of
Rs.117750000/- made by the AO u/s.68 is illegal and wrong. The same
therefore requires to be deleted.”
4. However, relying upon certain judgments as mentioned in the
impugned order, the ld.CIT(A) confirmed the addition with the following
observations:
“…. …..
The appellant company was obliged to prove:-
(a)The identity of the alleged share holders.
(b) The credit worthiness of the share holders.
(c)The genuineness of the transactions.
But it is clear from the facts as discussed above that the appellant could
not prove the same, therefore, in the light of above facts and case laws
as discussed above, I am of the considered view that the AO was
justified to make addition u/s 68 of the IT Act. Therefore, the addition
made by the AO amounting to Rs.11,77,50,000/- is confirmed.
Therefore, the appeal on these grounds is dismissed.”
5. We have heard parties and perused the materials available on
record. It appears from the record available with us that, before the
ld.AO, following documents were duly submitted by the assessee, as
asked for:
i) Copy of ITR
ii) Copy of Bank Statement
iii) Copy of Memorandum & Article of the Company
iv) PAN of the Company
v) Copy of Audited Accounts
vi) Copy of Affidavit
vii) Copy of confirmation of Investing parties.
ITA No.70/Ind/2018
9
6. It is also fact that notices under section 133(6) were issued by
the ld.AO to all seven parties; out of which six submitted requisite
documents before the ld.AO. However, the AO came to the conclusion
that company providing share premium existed only on paper and the
company did not have any physical set up at the given address. During
the course of assessment proceedings, neither assessee nor creditor-
companies provided ITR of the creditor-company. The ld.AO concluded
that directors of the said companies were not even aware of the huge
transactions made by the company. Ultimately, ld.AO concluded by
observing that the assessee-company accepting share premium from
the companies engaged in providing bogus entries in the form of loan of
share application money. But it is also relevant to note that the
revenue before us failed to canvass the fact of any inquiry made by the
ld.AO in order to identifying the creditor companies as paper companies
and the transaction thereof as bogus while making addition under
section 68 of the Act against share premium received by the assessee-
company. Needless to mention that the ld.AO only on the basis of
surmises, conjectures and presumption held that the companies
providing premium are bogus and paper company.
7. The ld.CIT(A) has also confirmed addition on the wrong
presumption that the alleged shareholder were not found to be in
existence. However, he failed to show that while observing the same,
whether the ld.AO has conducted any inquiry whatsoever about the
identity, creditworthiness of the companies and genuineness of the
transactions. It also appears from the order passed by the ld.CIT(A)
that he has relied upon certain judgments including the judgment
passed by the Co-ordinate Bench in the case of Vaibhav Cotton P.Ltd.
Vs. ITO, (2012) 20 ITJ 422 (Trib-Indore) wherein the facts of the
instant case is completely different from the facts available in the case
mentioned above.
ITA No.70/Ind/2018
10
It is also a trite law that an addition made without making any
investigation and/or inquiry and only on surmise and conjectures is
required to be deleted. The AO under statutory provisions has to carry
out his own investigation by exercising powers conferred under section
131 of the Act, which is absent in the instant case before us. On this
issue, the following judgments as relied upon by the ld.AO has been
considered by us carefully:
i) PCIT Vs. M/s.Chain House (MP High Court, 408 ITR 561
(SLIP of Revenue dismissed)
ii) CIT Vs. M/s.Ami Industries (India) P.Ltd., (Bom-HC)
iii) PCIT Vs. NRA Iron & Steel P.Ltd.(SC)
iv) PCIT Vs. Parth Enterprises (Bombay HC), 103 CCH 0398
v) CIT Vs. Divind Leasing, 299 ITR 268 (Del)
vi) PCIT Vs. Himachal Fibres Ltd., 259 Taxman 4 (Del) (SLP of
Revenue dismissed
vii) Nishant Finance P.Ltd. (ITAT Indore)
viii) M/s.Janani Infrastructure P.Ltd. Vs. ACIT (ITAT, Bangalore)
ix) ITO Vs. M/s.Baba Bhootnath Trade & Commerce Ltd. (ITAT-
Kolkata)
x) Hariom Concast & Steel P.Ltd., (ITAT Hyd)
xi) DCIT, Mumbai Vs. ACRO Exports Trading P.Ltd. (ITAT-Mum)
8. We also note that there must be more than the bare suspicion to
support the assessment. Mere suspicion cannot take place of evidence,
neither on the basis of procedural lapse on addition of share capital is
sought to be justified. In this regard, we have considered judgment
passed by the Hon’ble Supreme Court in the case of Dhakeshwar Cotton
Mills Ltd. Vs. CIT, Janani Infra P.Ltd. Vs. ACIT passed by the ITAT,
Banglore Bench. The relevant portion of the judgment passed in the
matter of Janani Infra Pft. Ltd. vs. ACIT this judgment reads as under:
“42. The Ld. Senior Advocate, Shri Percy Pardiwala advanced his
arguments on merits of the additions. The case of Carmel Asia
ITA No.70/Ind/2018
11
Holdings P Ltd for assessment year 2007-08 was taken up first.
The Ld AR submitted that the AO has assessed the share
application money and share premium only as income of the
assessee in this year. He further submitted that the AO has not
referred to any of the sections of the Income-tax Act for assessing
the ‘share application money and share premium amount’ as
income of the assessee. At this point of time, the Ld D.R was
asked to clarify this point, to which the Ld D.R submitted that the
assessing officer has stated in page 7 of the assessment order
that the sum of Rs.6059.52 lakhs is brought to tax as
“unexplained credits”. Accordingly he submitted that the AO has
invoked the provisions of sec.68 only for making the above said
addition. Hence, both the parties agreed to proceed on the basis
that the addition was made by the AO u/s 68 of the Act as
“unexplained credits”. The Ld A.R submitted that the AO has
accepted the genuineness of share capital to the extent of its par
value and hence it can be concluded that the AO was satisfied
with the three main ingredients required to be proved u/s 68 of
the Act viz. identity of the shareholder, credit worthiness of the
shareholder and genuineness of the transactions. Accordingly, the
Ld A.R submitted that there is no scope for making addition u/s
68 of the Act.”
9. We further appreciate that when the basic evidences are on
record, as provided by the assessee to the Revenue mere failure of the
creditor to appear cannot be the basis for making addition. In fact, the
assessee has discharged its onus to prove credit-worthiness of the
share holders and genuineness of the transaction by providing the
documents and/or information to the AO. The documents filed in
support of identity and credit-worthiness of the share holders and
genuineness of the transactions being the balance sheet, bank
statement, audited accounts, and the affidavit of the companies
provided share premium were not doubted as non-genuine. The Ld. AO
accepted genuineness of the share capital to the extent of its par value,
it can be concluded that the Ld. AO was satisfied with three ingredients
required to be proved under Section 68 of the Act. In fact, the addition
even thereafter is not sustainable in the absence of any adequate
enquiry made by the Revenue. On this aspect, we have relied upon the
judgment passed by the Coordinate Bench in the case of Nishant
ITA No.70/Ind/2018
12
Finance P.Ltd. in ITA No.181 and 472/Indi/2017. Relevant portion of
this order reads as follows:
“In the light of above judgments and given facts and circumstances
of the case are of the considered view that the appellant i.e. the
assessee has been successful to prove the genuineness,
creditworthiness and identity of the alleged cash creditors on
account of the fact that all the relevant details and supporting-
documents are placed on record.
The documents filed in support of identity, creditworthiness and
genuineness i.e. Profit & loss accounts, income tax returns, audit
reports, affidavit of the cash creditors and identity proof have not
been disputed by the revenue authorities at any stage. Ld. A.O
seems to have made the addition without making any investigation
after the loan was taken. The finding given in the impugned
assessment order about the investment is during the period prior
to taking the loan. We therefore in the given facts- and
circumstances of the case and respectfully following the judgments
in the preceding paragraphs are of the considered view that the
addition for unexplained cash credit of Rs. 1,80,00,000/- needs to
be deleted. We therefore set aside the finding of both the .lower
authorities and allow this issue of unexplained cash credit raised
by the assessee in Ground No. 3 to 9.”
10. We have further relied on decision of the ITAT, Kolkata Bench in
the case of ITO Vs. Savera Towers P.Ltd., passed in ITA
No.2275/Kol/2016 wherein it was observed that all the share
subscribers are duly assessed to income tax and the transaction with
the assessee company are duly routed through banking channels and
are duly reflected in their respective audited balance sheets, as were
placed on record. Once the receipt of share capital has been accepted
as genuine within the purview of section 68 of the Act, there is no
reason for the ld.AO to doubt the share premium component received
from the very same shareholders as bogus. This fact is identical to that
of the fact available with us. At the cost of repetition, we would like to
mention that addition under section 68 cannot be justified in the
absence of any inquiry done by the ld.AO by exercising powers
ITA No.70/Ind/2018
13
conferred under the statutory provisions as already observed by us
hereinabove. Thus, in the absence of proper inquiry made by the ld.AO,
impugned addition cannot be sustained and the same is hereby deleted.
The ground of appeal filed by the assessee is allowed.
11. In the result, appeal of the assessee is allowed.
Order pronounced in the Court on _17th _November, 2021 at
Ahmedabad.
Sd/- Sd/-
(MANISH BORAD) (Ms.MADHUMITA ROY)
ACCOUNTANT MEMBER JUDICIAL MEMBER
Ahmedabad; Dated 17/11/2021
आदे श क ‘त(ल)प अ*े)षत/Copy of the Order forwarded to :
1. अपीलाथ / The Appellant
2. +यथ / The Respondent.
3. संबं धत आयकर आय-
ु त / Concerned CIT
4. आयकर आयु-त(अपील) / The CIT(A)
5. )वभागीय ‘त’न ध, आयकर अपील य अ धकरण / DR, ITAT,
6. गाड1 फाईल / Guard file. आदेशानुसार/ BY ORDER,
उप/सहायक पंजीकार (Dys./Asstt.Registrar)
आयकर अपील य अ धकरण, अहमदाबाद / ITAT, Ahmedabad
1. Date of dictation : 11-11-2021
2. Date on which the typed draft is placed before :
the Dictating Member.
3. Date on which the approved draft comes to the :
Sr.P.S./P.S
4. Date on which the fair order is placed before the :
Dictating Member for pronouncement.
5. Date on which fair order placed before Other :
Member
6. Date on which the fair order comes back to the :
Sr.P.S./P.S.
7. Date on which the file goes to the Bench Clerk. :
8. Date on which the file goes to the Head Clerk. :
9. The date on which the file goes to the Assistant :
Registrar for signature on the order.
10. Date of Despatch of the Order :
ITA No.70/Ind/2018
14
Comments