In the result, these three appeals filed by the Revenue are dismissed
Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकर अपील सं./Ita Nos.176 To 178/Srt/2022 Assessment Years: (2012-13 To 2014-15) (Physical Hearing) The Acit, Central Circle-3, Vs. Antrix Diamond Exports Pvt. Ltd., Surat. 1006, Free Press Mark, Raheja Centre Nariman Point, Mumbai – 400021. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaaca3403G (Revenue)/(Appellant) (Assessee)/(Respondent) Assessee By Ms Ekta Sanghvi, Ca Revenue By Shri Ashok B. Koli, Cit(Dr) Date Of Hearing 10/02/2023 21/03/2023 Date Of Pronouncement
271 G." The issue is similarly decided in favour of the assessee in the case of Deputy Commissioner of Income-tax, Circle-5(1)(1) vs Ankit Gems (P.) Ltd Mumbai [2019] 106 taxmann.com 243 (Mumbai - Trib.) and Deputy Commissioner of Income-tax-CC-2(3), Mumbai vs Asian Star Company Ltd [2020] 116 taxmann.com 448 (Mumbai -Trib.). The coordinate