ITO, BHADRAK WARD, BHADRAK vs. ANUPAMA MOHAPATRA, BHADRAK

In the result, Appeals of the revenue in in ITANos

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am

section 139(5), namely, 31/03/2015. Now, in the original return for AY.- 2014-15, the assessee had made a claim u/s. 10(38) on the long term capital gains earned on the sale of shares. The AO rejected this claim by holding that these receipts constituted accommodation entries taken by the assessee from certain Kolkata based companies. However, on perusal

ITO, BHADRAK WARD, BHADRAK vs. DEEPANSU MOHAPATRA, BHADRAK

In the result, Appeals of the revenue in in ITANos

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am

section 139(5), namely, 31/03/2015. Now, in the original return for AY.- 2014-15, the assessee had made a claim u/s. 10(38) on the long term capital gains earned on the sale of shares. The AO rejected this claim by holding that these receipts constituted accommodation entries taken by the assessee from certain Kolkata based companies. However, on perusal

ITO, BHADRAK WARD, BHADRAK vs. DEEPANSU MOHAPATRA, BHADRAK

In the result, Appeals of the revenue in in ITANos

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am

section 139(5), namely, 31/03/2015. Now, in the original return for AY.- 2014-15, the assessee had made a claim u/s. 10(38) on the long term capital gains earned on the sale of shares. The AO rejected this claim by holding that these receipts constituted accommodation entries taken by the assessee from certain Kolkata based companies. However, on perusal

ITO, BHADRAK WARD, BHADRAK vs. HIMANSU MOHAPATRA, BHADRAK

In the result, Appeals of the revenue in in ITANos

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am

section 139(5), namely, 31/03/2015. Now, in the original return for AY.- 2014-15, the assessee had made a claim u/s. 10(38) on the long term capital gains earned on the sale of shares. The AO rejected this claim by holding that these receipts constituted accommodation entries taken by the assessee from certain Kolkata based companies. However, on perusal

ITO, BHADRAK WARD, BHADRAK vs. HIMANSU MOHAPATRA, BHADRAK

In the result, Appeals of the revenue in in ITANos

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am

section 139(5), namely, 31/03/2015. Now, in the original return for AY.- 2014-15, the assessee had made a claim u/s. 10(38) on the long term capital gains earned on the sale of shares. The AO rejected this claim by holding that these receipts constituted accommodation entries taken by the assessee from certain Kolkata based companies. However, on perusal

ITO, BHADRAK WARD, BHADRAK vs. AMRUTA PREETAM MOHAPATRA, BHADRAK

In the result, Appeals of the revenue in in ITANos

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am

section 139(5), namely, 31/03/2015. Now, in the original return for AY.- 2014-15, the assessee had made a claim u/s. 10(38) on the long term capital gains earned on the sale of shares. The AO rejected this claim by holding that these receipts constituted accommodation entries taken by the assessee from certain Kolkata based companies. However, on perusal

ITO, BHADRAK WARD, BHADRAK vs. MAMATA MOHAPATRA, BHADRAK

In the result, Appeals of the revenue in in ITANos

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am

section 139(5), namely, 31/03/2015. Now, in the original return for AY.- 2014-15, the assessee had made a claim u/s. 10(38) on the long term capital gains earned on the sale of shares. The AO rejected this claim by holding that these receipts constituted accommodation entries taken by the assessee from certain Kolkata based companies. However, on perusal

ITO, BHADRAK WARD, BHADRAK vs. KISHORE KUMAR MOHAPATRA, BHADRAK

In the result, Appeals of the revenue in in ITANos

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am

section 139(5), namely, 31/03/2015. Now, in the original return for AY.- 2014-15, the assessee had made a claim u/s. 10(38) on the long term capital gains earned on the sale of shares. The AO rejected this claim by holding that these receipts constituted accommodation entries taken by the assessee from certain Kolkata based companies. However, on perusal

ITO, BHADRAK WARD , BHADRAK vs. PARBATI MOHAPATRA, BHADRAK

In the result, Appeals of the revenue in in ITANos

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am

section 139(5), namely, 31/03/2015. Now, in the original return for AY.- 2014-15, the assessee had made a claim u/s. 10(38) on the long term capital gains earned on the sale of shares. The AO rejected this claim by holding that these receipts constituted accommodation entries taken by the assessee from certain Kolkata based companies. However, on perusal

ITO, BHADRAK WARD, BHADRAK vs. SMT. KUNTALA MOHAPATRA, BHADRAK

In the result, Appeals of the revenue in in ITANos

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am

section 139(5), namely, 31/03/2015. Now, in the original return for AY.- 2014-15, the assessee had made a claim u/s. 10(38) on the long term capital gains earned on the sale of shares. The AO rejected this claim by holding that these receipts constituted accommodation entries taken by the assessee from certain Kolkata based companies. However, on perusal

M/S. NABADIGANT EDUCATIONAL TRUST,BHUBANESWAR vs. ITO, WARD-2(1), BHUBANESWAR, BHUBANESWAR

In the result, both appeals of the assessee are dismissed

gain or benefit of the persons specified in section 13(3) of the Act or for any other business enterprise or entity which comes within scope of this said provision. Ld. AR also drew our attention towards written submissions and submitted that the ld. CIT(A) wrongly observed that if the assessee is extending loan then Section

M/S. NABADIGANT EDUCATIONAL TRUST,BHUBANESWAR vs. ITO, WARD-2(1), BHUBANESWAR

In the result, both appeals of the assessee are dismissed

gain or benefit of the persons specified in section 13(3) of the Act or for any other business enterprise or entity which comes within scope of this said provision. Ld. AR also drew our attention towards written submissions and submitted that the ld. CIT(A) wrongly observed that if the assessee is extending loan then Section

M/S. ODISHA POWER GENERATION CORPORATION LTD.,BHUBANESWAR vs. ACIT, CORPORATE CIRCLE-1(2), BHUBANESWAR

In the result, appeal of the assessee is partly allowed

Bench: Before S/Shri George Mathan, Judicial & Arun Khodpia & Arun Khodpia & Arun Khodpiaita No Ita No.114/Ctk/2014: Assessment Year Assessment Year : 2010-11

164 42,85,040 67,76,451 development exp. 4. Community - 13,56,980 11,91,862 34,56,438 37,68,948 1,11,155 development & welfare exp. 6. Prior period - 69,91,618 61,16,336 67,54,639 - - adjustments P a g e 2 | 52 OPGC Department’s appeals Sr. No. Allowed expenses ITA No.114/C/14 ITA No.288/C/16

M/S. ODISHA POWER GENERATION CORPORATION LTD.,BHUBANESWAR vs. DCIT, CIRCLE-1(1), BHUBANESWAR, BHUBANESWAR

In the result, appeal of the assessee is partly allowed

Bench: Before S/Shri George Mathan, Judicial & Arun Khodpia & Arun Khodpia & Arun Khodpiaita No Ita No.114/Ctk/2014: Assessment Year Assessment Year : 2010-11

164 42,85,040 67,76,451 development exp. 4. Community - 13,56,980 11,91,862 34,56,438 37,68,948 1,11,155 development & welfare exp. 6. Prior period - 69,91,618 61,16,336 67,54,639 - - adjustments P a g e 2 | 52 OPGC Department’s appeals Sr. No. Allowed expenses ITA No.114/C/14 ITA No.288/C/16

ACIT, CORPORATE CIRCLE-1(2), BHUBANESWAR vs. M/S. ORISSA POWER GENERATION CORPORATION LTD., BHUBANESWAR

In the result, appeal of the assessee is partly allowed

Bench: Before S/Shri George Mathan, Judicial & Arun Khodpia & Arun Khodpia & Arun Khodpiaita No Ita No.114/Ctk/2014: Assessment Year Assessment Year : 2010-11

164 42,85,040 67,76,451 development exp. 4. Community - 13,56,980 11,91,862 34,56,438 37,68,948 1,11,155 development & welfare exp. 6. Prior period - 69,91,618 61,16,336 67,54,639 - - adjustments P a g e 2 | 52 OPGC Department’s appeals Sr. No. Allowed expenses ITA No.114/C/14 ITA No.288/C/16

M/S. ODISHA POWER GENERATION CORPORATION LIMITED,BHUBANESWAR vs. DCIT,CORPORATE CIRCLE-1(2), BHUBANESWAR

In the result, appeal of the assessee is partly allowed

Bench: Before S/Shri George Mathan, Judicial & Arun Khodpia & Arun Khodpia & Arun Khodpiaita No Ita No.114/Ctk/2014: Assessment Year Assessment Year : 2010-11

164 42,85,040 67,76,451 development exp. 4. Community - 13,56,980 11,91,862 34,56,438 37,68,948 1,11,155 development & welfare exp. 6. Prior period - 69,91,618 61,16,336 67,54,639 - - adjustments P a g e 2 | 52 OPGC Department’s appeals Sr. No. Allowed expenses ITA No.114/C/14 ITA No.288/C/16

ACIT, CORPORATE CIRCLE-1(2), BHUBANESWAR vs. M/S. ODISHA POWER GENERATION CORPORATION LTD., BHUBANESWAR

In the result, appeal of the assessee is partly allowed

Bench: Before S/Shri George Mathan, Judicial & Arun Khodpia & Arun Khodpia & Arun Khodpiaita No Ita No.114/Ctk/2014: Assessment Year Assessment Year : 2010-11

164 42,85,040 67,76,451 development exp. 4. Community - 13,56,980 11,91,862 34,56,438 37,68,948 1,11,155 development & welfare exp. 6. Prior period - 69,91,618 61,16,336 67,54,639 - - adjustments P a g e 2 | 52 OPGC Department’s appeals Sr. No. Allowed expenses ITA No.114/C/14 ITA No.288/C/16

M/S. ODISHA POWER GENERATION CORPORATION LTD.,BHUBANESWAR vs. ACIT, CORPORATE CIRCLE-1(2), BHUBANESWAR

In the result, appeal of the assessee is partly allowed

Bench: Before S/Shri George Mathan, Judicial & Arun Khodpia & Arun Khodpia & Arun Khodpiaita No Ita No.114/Ctk/2014: Assessment Year Assessment Year : 2010-11

164 42,85,040 67,76,451 development exp. 4. Community - 13,56,980 11,91,862 34,56,438 37,68,948 1,11,155 development & welfare exp. 6. Prior period - 69,91,618 61,16,336 67,54,639 - - adjustments P a g e 2 | 52 OPGC Department’s appeals Sr. No. Allowed expenses ITA No.114/C/14 ITA No.288/C/16