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45 results for “capital gains”+ Section 56(2)(vii)clear

Sorted by relevance

Mumbai979Delhi977Bangalore383Ahmedabad297Chennai246Jaipur214Karnataka177Kolkata135Chandigarh132Hyderabad109Indore95Raipur87Cochin75Pune63Calcutta51Cuttack45Panaji44Rajkot43Guwahati33Nagpur33Surat29Lucknow25Agra18Telangana17SC17Amritsar7Jodhpur7Visakhapatnam6Ranchi6Dehradun5Kerala5Rajasthan4Varanasi3Orissa2Patna2Jabalpur1Andhra Pradesh1Allahabad1Punjab & Haryana1A.K. SIKRI ROHINTON FALI NARIMAN1

Key Topics

Section 801A63Disallowance28Deduction21Addition to Income18Section 26313Capital Gains13Exemption13Section 80I12Section 10(38)12Long Term Capital Gains

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

In the result, Appeals of the revenue in in ITANos

ITA 45/CTK/2020[2015-16]Status: DisposedITAT Cuttack21 Dec 2021AY 2015-16

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

For Appellant: Shri S.C Mohanty, Sr. DR
Section 10(38)

VII, Ludhiana [ITA No.9S1/Chd/2016 dt.18.04.2018] (i) Shri Satish Kishore vs. ITO, Ward-47(2), New Delhi [ITA No.1704/De1l2019 dt.06.09.2019] (j) Mrs. Vidya Reddy Vs. ITO, dt.15.05.2018 (k) Rajnish Agarwal and Sons(HUF) Vs. ITO, ITA No.1415/CHNY/2018 dt.06.12.2018 (I) Anip Rastogi and Anju Rastogi Vs. ITO, Ward-1(1), Meerut, ITA No. 3809 and 3810/DELl2018 Ground No.6: On the facts

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

In the result, Appeals of the revenue in in ITANos

ITA 41/CTK/2020[2015-16]Status: DisposedITAT Cuttack

Showing 1–20 of 45 · Page 1 of 3

12
Penny Stock12
Limitation/Time-bar9
21 Dec 2021
AY 2015-16

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

For Appellant: Shri S.C Mohanty, Sr. DR
Section 10(38)

VII, Ludhiana [ITA No.9S1/Chd/2016 dt.18.04.2018] (i) Shri Satish Kishore vs. ITO, Ward-47(2), New Delhi [ITA No.1704/De1l2019 dt.06.09.2019] (j) Mrs. Vidya Reddy Vs. ITO, dt.15.05.2018 (k) Rajnish Agarwal and Sons(HUF) Vs. ITO, ITA No.1415/CHNY/2018 dt.06.12.2018 (I) Anip Rastogi and Anju Rastogi Vs. ITO, Ward-1(1), Meerut, ITA No. 3809 and 3810/DELl2018 Ground No.6: On the facts

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

In the result, Appeals of the revenue in in ITANos

ITA 40/CTK/2020[2014-15]Status: DisposedITAT Cuttack21 Dec 2021AY 2014-15

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

For Appellant: Shri S.C Mohanty, Sr. DR
Section 10(38)

VII, Ludhiana [ITA No.9S1/Chd/2016 dt.18.04.2018] (i) Shri Satish Kishore vs. ITO, Ward-47(2), New Delhi [ITA No.1704/De1l2019 dt.06.09.2019] (j) Mrs. Vidya Reddy Vs. ITO, dt.15.05.2018 (k) Rajnish Agarwal and Sons(HUF) Vs. ITO, ITA No.1415/CHNY/2018 dt.06.12.2018 (I) Anip Rastogi and Anju Rastogi Vs. ITO, Ward-1(1), Meerut, ITA No. 3809 and 3810/DELl2018 Ground No.6: On the facts

ITO, BHADRAK WARD, BHADRAK vs. SITANSU SEKHAR MOHAPATRA, BHADRAK

In the result, Appeals of the revenue in in ITANos

ITA 38/CTK/2020[2014-15]Status: DisposedITAT Cuttack21 Dec 2021AY 2014-15

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

For Appellant: Shri S.C Mohanty, Sr. DR
Section 10(38)

VII, Ludhiana [ITA No.9S1/Chd/2016 dt.18.04.2018] (i) Shri Satish Kishore vs. ITO, Ward-47(2), New Delhi [ITA No.1704/De1l2019 dt.06.09.2019] (j) Mrs. Vidya Reddy Vs. ITO, dt.15.05.2018 (k) Rajnish Agarwal and Sons(HUF) Vs. ITO, ITA No.1415/CHNY/2018 dt.06.12.2018 (I) Anip Rastogi and Anju Rastogi Vs. ITO, Ward-1(1), Meerut, ITA No. 3809 and 3810/DELl2018 Ground No.6: On the facts

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

In the result, Appeals of the revenue in in ITANos

ITA 43/CTK/2020[2015-16]Status: DisposedITAT Cuttack21 Dec 2021AY 2015-16

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

For Appellant: Shri S.C Mohanty, Sr. DR
Section 10(38)

VII, Ludhiana [ITA No.9S1/Chd/2016 dt.18.04.2018] (i) Shri Satish Kishore vs. ITO, Ward-47(2), New Delhi [ITA No.1704/De1l2019 dt.06.09.2019] (j) Mrs. Vidya Reddy Vs. ITO, dt.15.05.2018 (k) Rajnish Agarwal and Sons(HUF) Vs. ITO, ITA No.1415/CHNY/2018 dt.06.12.2018 (I) Anip Rastogi and Anju Rastogi Vs. ITO, Ward-1(1), Meerut, ITA No. 3809 and 3810/DELl2018 Ground No.6: On the facts

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

In the result, Appeals of the revenue in in ITANos

ITA 42/CTK/2020[2014-15]Status: DisposedITAT Cuttack21 Dec 2021AY 2014-15

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

For Appellant: Shri S.C Mohanty, Sr. DR
Section 10(38)

VII, Ludhiana [ITA No.9S1/Chd/2016 dt.18.04.2018] (i) Shri Satish Kishore vs. ITO, Ward-47(2), New Delhi [ITA No.1704/De1l2019 dt.06.09.2019] (j) Mrs. Vidya Reddy Vs. ITO, dt.15.05.2018 (k) Rajnish Agarwal and Sons(HUF) Vs. ITO, ITA No.1415/CHNY/2018 dt.06.12.2018 (I) Anip Rastogi and Anju Rastogi Vs. ITO, Ward-1(1), Meerut, ITA No. 3809 and 3810/DELl2018 Ground No.6: On the facts

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

In the result, Appeals of the revenue in in ITANos

ITA 44/CTK/2020[2014-15]Status: DisposedITAT Cuttack21 Dec 2021AY 2014-15

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

For Appellant: Shri S.C Mohanty, Sr. DR
Section 10(38)

VII, Ludhiana [ITA No.9S1/Chd/2016 dt.18.04.2018] (i) Shri Satish Kishore vs. ITO, Ward-47(2), New Delhi [ITA No.1704/De1l2019 dt.06.09.2019] (j) Mrs. Vidya Reddy Vs. ITO, dt.15.05.2018 (k) Rajnish Agarwal and Sons(HUF) Vs. ITO, ITA No.1415/CHNY/2018 dt.06.12.2018 (I) Anip Rastogi and Anju Rastogi Vs. ITO, Ward-1(1), Meerut, ITA No. 3809 and 3810/DELl2018 Ground No.6: On the facts

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

In the result, Appeals of the revenue in in ITANos

ITA 47/CTK/2020[2014-15]Status: DisposedITAT Cuttack17 Dec 2021AY 2014-15

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

For Appellant: Shri S.C Mohanty, Sr. DR
Section 10(38)

VII, Ludhiana [ITA No.9S1/Chd/2016 dt.18.04.2018] (i) Shri Satish Kishore vs. ITO, Ward-47(2), New Delhi [ITA No.1704/De1l2019 dt.06.09.2019] (j) Mrs. Vidya Reddy Vs. ITO, dt.15.05.2018 (k) Rajnish Agarwal and Sons(HUF) Vs. ITO, ITA No.1415/CHNY/2018 dt.06.12.2018 (I) Anip Rastogi and Anju Rastogi Vs. ITO, Ward-1(1), Meerut, ITA No. 3809 and 3810/DELl2018 Ground No.6: On the facts

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

In the result, Appeals of the revenue in in ITANos

ITA 46/CTK/2020[2014-15]Status: DisposedITAT Cuttack17 Dec 2021AY 2014-15

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

For Appellant: Shri S.C Mohanty, Sr. DR
Section 10(38)

VII, Ludhiana [ITA No.9S1/Chd/2016 dt.18.04.2018] (i) Shri Satish Kishore vs. ITO, Ward-47(2), New Delhi [ITA No.1704/De1l2019 dt.06.09.2019] (j) Mrs. Vidya Reddy Vs. ITO, dt.15.05.2018 (k) Rajnish Agarwal and Sons(HUF) Vs. ITO, ITA No.1415/CHNY/2018 dt.06.12.2018 (I) Anip Rastogi and Anju Rastogi Vs. ITO, Ward-1(1), Meerut, ITA No. 3809 and 3810/DELl2018 Ground No.6: On the facts

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

In the result, Appeals of the revenue in in ITANos

ITA 49/CTK/2020[2014-15]Status: DisposedITAT Cuttack17 Dec 2021AY 2014-15

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

For Appellant: Shri S.C Mohanty, Sr. DR
Section 10(38)

VII, Ludhiana [ITA No.9S1/Chd/2016 dt.18.04.2018] (i) Shri Satish Kishore vs. ITO, Ward-47(2), New Delhi [ITA No.1704/De1l2019 dt.06.09.2019] (j) Mrs. Vidya Reddy Vs. ITO, dt.15.05.2018 (k) Rajnish Agarwal and Sons(HUF) Vs. ITO, ITA No.1415/CHNY/2018 dt.06.12.2018 (I) Anip Rastogi and Anju Rastogi Vs. ITO, Ward-1(1), Meerut, ITA No. 3809 and 3810/DELl2018 Ground No.6: On the facts

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

In the result, Appeals of the revenue in in ITANos

ITA 48/CTK/2020[2014-15]Status: DisposedITAT Cuttack17 Dec 2021AY 2014-15

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

For Appellant: Shri S.C Mohanty, Sr. DR
Section 10(38)

VII, Ludhiana [ITA No.9S1/Chd/2016 dt.18.04.2018] (i) Shri Satish Kishore vs. ITO, Ward-47(2), New Delhi [ITA No.1704/De1l2019 dt.06.09.2019] (j) Mrs. Vidya Reddy Vs. ITO, dt.15.05.2018 (k) Rajnish Agarwal and Sons(HUF) Vs. ITO, ITA No.1415/CHNY/2018 dt.06.12.2018 (I) Anip Rastogi and Anju Rastogi Vs. ITO, Ward-1(1), Meerut, ITA No. 3809 and 3810/DELl2018 Ground No.6: On the facts

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

In the result, Appeals of the revenue in in ITANos

ITA 50/CTK/2020[2014-15]Status: DisposedITAT Cuttack17 Dec 2021AY 2014-15

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

For Appellant: Shri S.C Mohanty, Sr. DR
Section 10(38)

VII, Ludhiana [ITA No.9S1/Chd/2016 dt.18.04.2018] (i) Shri Satish Kishore vs. ITO, Ward-47(2), New Delhi [ITA No.1704/De1l2019 dt.06.09.2019] (j) Mrs. Vidya Reddy Vs. ITO, dt.15.05.2018 (k) Rajnish Agarwal and Sons(HUF) Vs. ITO, ITA No.1415/CHNY/2018 dt.06.12.2018 (I) Anip Rastogi and Anju Rastogi Vs. ITO, Ward-1(1), Meerut, ITA No. 3809 and 3810/DELl2018 Ground No.6: On the facts

LORAMITRA RATH,KAIRAPARI KOTSAHI, TANGI vs. DCIT (CIRCLE-1(1), CUTTACK

The appeal is allowed

ITA 314/CTK/2023[2015-16]Status: HeardITAT Cuttack05 Sept 2024AY 2015-16

Bench: Before Shri George Mathan, Judicial & Manish Agarwal Manish Agarwalassessment Year : 2015-16 Loramitra Loramitra Rath, Rath, Kairapari Kairapari Vs. Dcit, Circle Dcit, Circle-1(1), Kotsahi, Tangi, Cuttack Kotsahi, Tangi, Cuttack Cuttack Pan/Gir No. No.Aebpr 6065 H (Appellant (Appellant) .. ( Respondent Respondent) Assessee By : Shri Purnendhu Bhusan Mohanty, Ca Purnendhu Bhusan Mohanty, Ca Revenue By : Shri S.C.Mohanty, Sr S.C.Mohanty, Sr Dr

For Appellant: Shri Purnendhu Bhusan Mohanty, CAFor Respondent: Shri S.C.Mohanty, Sr
Section 48

vii) Mere improbability of recovery, where the conduct of the assessee is unequivocal cannot be treated as evidence of the fact that income has not resulted or accrued to the assessee. After debiting the debtor's account and not reversing that entry, but taking the interest merely in suspense account, cannot be such evidence to show that no real income

DCIT, CIRCLE-1(1), BHUBANESWAR, BHUBANESWAR vs. M/S. PARADEEP PHOSPHATES LIMITED, BHUBANESWAR

In the result, appeal filed by the revenue is dismissed and that of

ITA 289/CTK/2014[2010-11]Status: DisposedITAT Cuttack04 Aug 2017AY 2010-11

Bench: S/Shri N.S Saini & Pavan Kumar Gadaleassessment Year : 2010-2011

For Appellant: Shri B.K.MohapatraFor Respondent: Shri Kunal Singh, CIT DR
Section 195Section 195(1)Section 195(2)Section 197Section 263Section 40Section 92

Capital Goods which is not routed through the Profit and Loss Account. (8) In regards to the applicability of the section 195 relating to import purchases and disallowances of the same in the pretext of non deduction of tax at source from, the remittances under Sec 40(a)(1), our submission is stated below alongwith relevant case laws

ACIT (EXEMPTIONS), BHUBANESWAR vs. M/S. PEOPLES FORUM, BHUBANESWAR

In the result, the appeal filed by the revenue and cross objections filed

ITA 325/CTK/2015[2009-10]Status: DisposedITAT Cuttack18 Jan 2017AY 2009-10

Bench: Shri N.S Sainiassessment Year :2009-2010 Acit (Exemptions), Aayakar Vs. M/S. Peoples Forum, Plot Bhavan, Bhubaneswar. No.Hig 44, Dharma Vihar, Khandagiri, Bhubaneswar Pan/Gir No. Aaatp 2214 R (Appellant) .. ( Respondent)

For Appellant: Shri S.K.Agarwal, ARFor Respondent: Shri D.K.Pradhan, DR
Section 11Section 12ASection 2(15)Section 288A

vii) The Appellant can be considered to be "promoting common good" through the enhancement of its activities in its target area of activities; (viii) The Appellant's activities cannot be held to be "merely regulating or enhancing the business of its members" s) With the changing role of not-for-profit entities from being players of "vanilla philanthropy" to becoming

SHREE BALAJI ENGICONS PVT. LTD,JHARSUGUDA vs. PRINCIPAL CIT, SAMBALPUR

In the result, appeal of the assessee in ITA No

ITA 195/CTK/2019[204-15]Status: DisposedITAT Cuttack15 Dec 2021

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am आयकर अपीऱ सं./Ita Nos.193/Ctk/2019 (नििाारण वषा / Assessment Year :2014-2015) M/S Rawats-Balaji(Jv), Vs Pr.Cit, Sambalpur At/Po-Belpahar(Rs), Dist : Jharsuguda Pan No. : Aabar 9061 J Tan No. : Bbnr01647 C & आयकर अपीऱ सं./Ita Nos.194/Ctk/2019 (नििाारण वषा / Assessment Year :2014-2015) M/S Sbepl-Gril(Jv), Vs Pr.Cit, Sambalpur At/Po-Belpahar(Rs), Dist : Jharsuguda Pan No. : Aafas 2639 R Tan No. : Bbns04348 B & आयकर अपीऱ सं./Ita Nos.195/Ctk/2019 (नििाारण वषा / Assessment Year :2014-2015) Shree Balaji Engicons Pvt Ltd Vs Pr.Cit, Sambalpur At/Po-Belpahar(Rs), Dist : Jharsuguda Pan No. : Aagcs 4292 P Tan No. : Bbns00091 A (अऩीलाथी /Appellant) (प्रत्यथी / Respondent) .. ननधाारिती की ओर से /Assessee By : Shri Satyanarayan Agarwal, Ar िाजस्व की ओर से /Revenue By : Shri M.K.Gautam, Citdr सुनवाई की तािीख / Date Of Hearing : 26/10/2021 घोषणा की तािीख/Date Of Pronouncement : 23/12/2021 आदेश / O R D E R Per Bench: These Three Appeals Have Been Filed By Three Different Assessees Against The Order Passed By The Pr.Cit, Sambalpur, U/S.263 Of The Act, All Dated 30.03.2019 For The Assessment Year 2014-2015. 2

For Appellant: Shri Satyanarayan Agarwal, ARFor Respondent: Shri M.K.Gautam, CITDR
Section 143(3)Section 14ASection 263Section 80I

section 80-IA(4) of the Act in respect of the development of eligible infrastructural facilities. 41 ITA Nos.193-195/CTK/2019 19. Ld. AR also pointed out that the assessee was assigned full responsibility to do all acts for execution and completion of work right from the beginning till handing over of the project to the contractee. The contract

M/S- SBEP-GRIL(JOINT VENTURE),JHARSUGUDA vs. PRINCIPAL CIT, SAMBALPUR

In the result, appeal of the assessee in ITA No

ITA 194/CTK/2019[2014-15]Status: DisposedITAT Cuttack15 Dec 2021AY 2014-15

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am आयकर अपीऱ सं./Ita Nos.193/Ctk/2019 (नििाारण वषा / Assessment Year :2014-2015) M/S Rawats-Balaji(Jv), Vs Pr.Cit, Sambalpur At/Po-Belpahar(Rs), Dist : Jharsuguda Pan No. : Aabar 9061 J Tan No. : Bbnr01647 C & आयकर अपीऱ सं./Ita Nos.194/Ctk/2019 (नििाारण वषा / Assessment Year :2014-2015) M/S Sbepl-Gril(Jv), Vs Pr.Cit, Sambalpur At/Po-Belpahar(Rs), Dist : Jharsuguda Pan No. : Aafas 2639 R Tan No. : Bbns04348 B & आयकर अपीऱ सं./Ita Nos.195/Ctk/2019 (नििाारण वषा / Assessment Year :2014-2015) Shree Balaji Engicons Pvt Ltd Vs Pr.Cit, Sambalpur At/Po-Belpahar(Rs), Dist : Jharsuguda Pan No. : Aagcs 4292 P Tan No. : Bbns00091 A (अऩीलाथी /Appellant) (प्रत्यथी / Respondent) .. ननधाारिती की ओर से /Assessee By : Shri Satyanarayan Agarwal, Ar िाजस्व की ओर से /Revenue By : Shri M.K.Gautam, Citdr सुनवाई की तािीख / Date Of Hearing : 26/10/2021 घोषणा की तािीख/Date Of Pronouncement : 23/12/2021 आदेश / O R D E R Per Bench: These Three Appeals Have Been Filed By Three Different Assessees Against The Order Passed By The Pr.Cit, Sambalpur, U/S.263 Of The Act, All Dated 30.03.2019 For The Assessment Year 2014-2015. 2

For Appellant: Shri Satyanarayan Agarwal, ARFor Respondent: Shri M.K.Gautam, CITDR
Section 143(3)Section 14ASection 263Section 80I

section 80-IA(4) of the Act in respect of the development of eligible infrastructural facilities. 41 ITA Nos.193-195/CTK/2019 19. Ld. AR also pointed out that the assessee was assigned full responsibility to do all acts for execution and completion of work right from the beginning till handing over of the project to the contractee. The contract

M/S- RAWAT BALAJI (JOINT VENTURE),JHARSUGUDA vs. PRILNCIPAL, CIT, SAMBALPUR

In the result, appeal of the assessee in ITA No

ITA 193/CTK/2019[204-15]Status: DisposedITAT Cuttack15 Dec 2021

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am आयकर अपीऱ सं./Ita Nos.193/Ctk/2019 (नििाारण वषा / Assessment Year :2014-2015) M/S Rawats-Balaji(Jv), Vs Pr.Cit, Sambalpur At/Po-Belpahar(Rs), Dist : Jharsuguda Pan No. : Aabar 9061 J Tan No. : Bbnr01647 C & आयकर अपीऱ सं./Ita Nos.194/Ctk/2019 (नििाारण वषा / Assessment Year :2014-2015) M/S Sbepl-Gril(Jv), Vs Pr.Cit, Sambalpur At/Po-Belpahar(Rs), Dist : Jharsuguda Pan No. : Aafas 2639 R Tan No. : Bbns04348 B & आयकर अपीऱ सं./Ita Nos.195/Ctk/2019 (नििाारण वषा / Assessment Year :2014-2015) Shree Balaji Engicons Pvt Ltd Vs Pr.Cit, Sambalpur At/Po-Belpahar(Rs), Dist : Jharsuguda Pan No. : Aagcs 4292 P Tan No. : Bbns00091 A (अऩीलाथी /Appellant) (प्रत्यथी / Respondent) .. ननधाारिती की ओर से /Assessee By : Shri Satyanarayan Agarwal, Ar िाजस्व की ओर से /Revenue By : Shri M.K.Gautam, Citdr सुनवाई की तािीख / Date Of Hearing : 26/10/2021 घोषणा की तािीख/Date Of Pronouncement : 23/12/2021 आदेश / O R D E R Per Bench: These Three Appeals Have Been Filed By Three Different Assessees Against The Order Passed By The Pr.Cit, Sambalpur, U/S.263 Of The Act, All Dated 30.03.2019 For The Assessment Year 2014-2015. 2

For Appellant: Shri Satyanarayan Agarwal, ARFor Respondent: Shri M.K.Gautam, CITDR
Section 143(3)Section 14ASection 263Section 80I

section 80-IA(4) of the Act in respect of the development of eligible infrastructural facilities. 41 ITA Nos.193-195/CTK/2019 19. Ld. AR also pointed out that the assessee was assigned full responsibility to do all acts for execution and completion of work right from the beginning till handing over of the project to the contractee. The contract

ACIT, SAMBALPUR vs. M/S MAHANADI COALFIELDS LTD, SAMBALPUR

In the result, appeals filed by the revenue for the assessment years

ITA 397/CTK/2013[2010-11]Status: DisposedITAT Cuttack20 Mar 2018AY 2010-11

Bench: S/Shri N.S Saini & Pavan Kumar Gadale

For Appellant: Shri S.S.Poddar/N.Kedia, ARFor Respondent: Shri Piyush Kolhe, CIT DR
Section 143(3)

gains from business. The CIT(A) on perusal of Annual reports & account of the assessee for the financial year 2009-2010, observed that the assessee has shown profit on sale of assets of Rs.1589.25 lakhs under the head “other income” as per Schedule-4 to P&L account and claimed as loss on sale/discarded assets of Rs.33.11 lakhs. Therefore

DCIT, CORPORATE CIRCLE -1(2), BHUBANESWAR vs. M/S. POSCO INDIA PRIVATE LIMITED, BHUBANESWAR

In the result, appeal filed by the revenue and cross objection filed by the assessee is dismissed

ITA 423/CTK/2019[2015-16]Status: HeardITAT Cuttack21 Jun 2022AY 2015-16

Bench: Before S/Shri George Mathan, Judicial & Arun Khodpia & Arun Khodpia & Arun Khodpiaassessment Year : 2015-16 Dcit, Corporate Circle Dcit, Corporate Circle-1(2), Vs. M/S. Posco India Pvt Ltd., M/S. Posco India Pvt Ltd., Bhubaneswar. Bhubaneswar. Ground Floor, Fortune Towers, Ground Floor, Fortune Towers, Zone-6, 6, Chandrasekharpur, Chandrasekharpur, Bhubaneswar. Bhubaneswar. Pan/Gir No. No.Aadcp 6735 B (Appellant (Appellant) .. ( Respondent Respondent) C.O.No.09/Ctk/2020 (In Ita No.423/Ctk/2019) (In Ita No.423/Ctk/2019) Assessment Year : 2015-16 M/S. Posco India Pvt Ltd., M/S. Posco India Pvt Ltd., Vs. Dcit, Corporate Circle Dcit, Corporate Circle-1(2), Ground Floor, Fortune Towers, Ground Floor, Fortune Towers, Bhubaneswar Bhubaneswar Zone-6, 6, Chandrasekharpur, Chandrasekharpur, Bhubaneswar. Bhubaneswar. Pan/Gir No.Aadcp 6735 B Pan/Gir No.Aadcp 6735 B (Appellant (Appellant) .. ( Respondent Respondent)

For Appellant: Shri B.K.Mahapatra/Shri A.K.SabatFor Respondent: Shri M.K.Gautam, CIT (
Section 250

vii.) In the ease of CIT Vs. Bokaro Steel Ltd. (236 ITR 315), the assessee-company was in the business of manufacturing of steel. For the purpose of construction of the plant, the assessee company gave advances to its contractors and earned interest from such advances, which were adjusted against the charges payable to the contractors, thus utilizing the interest