DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, SAMBALPUR vs. SMT. INDRANI PATNAIK, ROURKELA

In the result, all the four appeals of the Revenue are dismissed

gains of business or profession Explanation-For\nthe removal of doubts, it is hereby declared that any expenditure\nincurred by an assessee for any purpose which is an offence or which\nis prohibited by law shall not be deemed to have been incurred for\nthe purpose of business or profession and no deduction or allowance\nshall be made in respect

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, SAMBALPUR vs. SMT. INDRANI PATNAIK, ROURKELA

In the result, all the four appeals of the Revenue are dismissed

gains of business or profession Explanation-For\nthe removal of doubts, it is hereby declared that any expenditure\nincurred by an assessee for any purpose which is an offence or which\nis prohibited by law shall not be deemed to have been incurred for\nthe purpose of business or profession and no deduction or allowance\nshall be made in respect

DEPUTY COMMISSIONER OF INCOME TAX, CENTAL CIRCLE, SAMBALPUR vs. SMT. INDRANI PATNAIK, ROURKELA

In the result, all the four appeals of the Revenue are dismissed

gains of business or profession Explanation-For\nthe removal of doubts, it is hereby declared that any expenditure\nincurred by an assessee for any purpose which is an offence or which\nis prohibited by law shall not be deemed to have been incurred for\nthe purpose of business or profession and no deduction or allowance\nshall be made in respect

DEPUTY COMMISSIONER OF INCOME TAX, CENTAL CIRCLE, SAMBALPUR vs. SMT. INDRANI PATNAIK, ROURKELA

In the result, all the four appeals of the Revenue are dismissed

gains of business or profession Explanation-For\nthe removal of doubts, it is hereby declared that any expenditure\nincurred by an assessee for any purpose which is an offence or which\nis prohibited by law shall not be deemed to have been incurred for\nthe purpose of business or profession and no deduction or allowance\nshall be made in respect

M/S. ALTRADE MINERALS PVT. LIMITED,ROURKELA vs. ACIT,CENTRAL CIRCLE, SAMBALPUR, SAMBALPUR

In the result, appeal of the assessee is partly allowed

Bench: Before Shri George Mathanmember & Manish Agarwal Manish Agarwalassessment Year : 2011-12 M/S. Altrade Minerals Pvt /S. Altrade Minerals Pvt Vs. Asst. Asst. Commissioner Commissioner Of Of Ltd., C/O. Kadmawala & Co., C/O. Kadmawala & Co., Income Tax, Central Circle, Income Tax, Central Circle, C.A., C.A., Budhram Budhram Oram Oram Sambalpur Market, Market, Kachery Kachery Road, Road, Rourkela. Pan/Gir No. No.Aafca 7136 F (Appellant (Appellant) .. ( Respondent Respondent) Assessee By : Shri M.R.Sahu, Ca Revenue By : Shri S.C.Mohanty, Sr Dr : Shri S.C.Mohanty, Sr Dr Date Of Hearing : 16/12/20 2024 Date Of Pronouncement : 16/12/20 024

gainfully rely upon the decision of the binding decision of the jurisdictional Orissa High Court in the case of “Siksha O Anusadhan Vs. CIT[2011} 336 ITR 112 (Orissa. HC)’. In the decided case question came for consideration before the Hon’ble High Court was as under: “2.(iii). Whether on the facts and circumstances of the case, the income