SHAKTI RANJAN DASH,BHUBANESWAR vs. DCIT, CIRCLE-1(1), BHUBANESWAR
Facts
The assessee received amounts from Anmol Resources Pvt Ltd. and Anmol Mines Pvt Ltd. in assessment years 2013-14 and 2014-15, which the Assessing Officer disallowed. The assessee claimed these were advances for expenses incurred on behalf of the companies.
Held
The Tribunal considered the rival submissions and the nature of the addition, noting the assessee's admission that the amounts were advances for expenses. Therefore, the addition made by the AO and confirmed by the CIT(A) was deleted.
Key Issues
Whether the amounts received by the assessee from two companies are to be treated as salary income or advances for expenses incurred on behalf of the companies.
Sections Cited
Section 2(24) of the Income Tax Act, 1961
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Income Tax Appellate Tribunal, CUTTACK BENCH CUTTACK
Before: SHRI GEORGE MATHAN & SHRI MADHUSUDAN SAWDIA
IN THE INCOME TAX APPELLATE TRIBUNAL, CUTTACK BENCH CUTTACK BEFORE SHRI GEORGE MATHAN, JUDICIAL MEMBER AND SHRI MADHUSUDAN SAWDIA, ACCOUNTANT MEMBER ITA Nos. 32 & 33/CTK/2026 (Assessment Years: 2013-14 & 2014-15)
Shakti Ranjan Dash, DCIT, Circle-1(1), Aayakar C-111, Basanta Park, Forest Park, Bhawan, Bhubaneswar. Vs. Bhubaneswar. PAN No.AEOPD 6102 Q Appellant/ Assessee Respondent/ Revenue Assessee represented by Shri Chitrasen Parida, Adv. Department represented by Shri Sanjib Banerjee, Sr.DR Date of hearing 25/02/2026 Date of pronouncement 25/02/2026 O R D E R PER: BENCH 1. These are appeals filed by the assessee against the separate orders of the ld. CIT(A), NFAC, Delhi in Appeal Nos. NFAC/2012-13/10063353 and NFAC/2013-14/10071093, both dated 10/11/2025 for the A.Ys. 2013-14 & 2014-15, respectively. 2. Shri Chitrasen Parida, ld. A.R. is appeared on behalf of the assessee and Shri Sanjib Banerjee, ld. Sr.DR represented on behalf of the revenue. 3. It was submitted by ld AR that for the assessment year 2013-14, the assessee had received Rs.7,00,000/- from Anmol Resources Pvt Ltd., a concern, in which the assessee was a director and an amount of Rs.1,00,000/- from Anmol Mines Pvt Ltd., where the assessee was a director. It was the submission that the Assessing Officer disallowed Rs.2,80,000/-
ITA Nos.32 & 33/Ctk/2026
out of the amount received from Anmol Resources Pvt Ltd., and entire amount of Rs.1,00,000/- received from Anmol Mines Pvt Ltd. It was the further submission that similarly for the assessment year 2014-15, the assessee had received Rs.5,40,000/- from Anmol Resources Pvt Ltd., and Rs.1,30,000/- from Anmol Mines Pvt Ltd., and the Assessing Officer had disallowed Rs.3,00,000/- out of the receipts from Anmol Resources Pvt Ltd., and entire amount of Rs.1,30,000/- from Anmol Mines Pvt Ltd., It was the submission that the Assessing Officer took the stand that the assessee has shown the amounts were received as advance against salary for the assessment year 2013-14 & 2014-15 and the assessee has not shown any salary income. It was the submission that these were basically advance received from the said two companies for expenses. In regard to expenses, it was the submission that the amounts were incurred by the assessee on behalf of two companies. It was the submission that the addition as made by the AO and confirmed by ld CIT(A) is liable to be deleted. 4. In reply, ld Sr.DR vehemently supported the orders of the Assessing Officer and ld. CIT(A). It was the submission that the assessee has not provided any details before the AO and ld CIT(A). 5. We have considered the rival submissions. Considering the nominal nature of the addition as also the clear admission by the assessee that these are advances for the expenses made by the assessee on behalf of two companies, the addition as made by the AO and confirmed by ld CIT(A) stands deleted.
ITA Nos.32 & 33/Ctk/2026
In the result, both the appeals of the assessee are allowed.
Order dictated and pronounced in the open court on 25/02/2026.
Sd/- Sd/- (MADHUSUDAN SAWDIA) (GEORGE MATHAN) ACCOUNTANT MEMBER JUDICIAL MEMBER Cuttack, Dated: 17/02/2026 *Ranjan, Sr. PS Copy to: 1. Assessee - Shakti Ranjan Dash,C-111, Basanta Park, Forest Park, Bhubaneswar 2. Revenue- DCIT, Circle-1(1), Aayakar Bhawan, Bhubaneswar 3. CIT(A), NFAC, Delhi 4. CIT 5. DR 6. Guard File By Order
Assistant Registrar, ITAT, Cuttack
