ROLAND INSTITUTE OF PHARMACEUTICAL SCIENCES,GANJAM vs. CHEIF CIT, BHUBANESWAR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

35,769 3,69,39,968 Revenue exp. 1,8855,075 2,24,82,082 1,14,01,321 Development exp. C Total 4,14,09,677 5,26,17,851 4,83,41,522 application D Surplus/Deficit (1,59,34,478) (1,84,63,954) (79,41,522) (A-C) E Accumulation - - - of 15% (A*15%) F Taxable income

ROLAND EDUCATIONAL & CHARITABLE TRUST,GANJAM vs. CHEIF CIT, BHUBANESWAR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

35,769 3,69,39,968 Revenue exp. 1,8855,075 2,24,82,082 1,14,01,321 Development exp. C Total 4,14,09,677 5,26,17,851 4,83,41,522 application D Surplus/Deficit (1,59,34,478) (1,84,63,954) (79,41,522) (A-C) E Accumulation - - - of 15% (A*15%) F Taxable income

ROLAND INSTITUTE OF PHARMACEUTICAL SCIENCES,GANJAM vs. CHEIF CIT, BHUBANESWAR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

35,769 3,69,39,968 Revenue exp. 1,8855,075 2,24,82,082 1,14,01,321 Development exp. C Total 4,14,09,677 5,26,17,851 4,83,41,522 application D Surplus/Deficit (1,59,34,478) (1,84,63,954) (79,41,522) (A-C) E Accumulation - - - of 15% (A*15%) F Taxable income

ROLAND EDUCATIONAL & CHARITABLE TRUST,GANJAM vs. CHEIF CIT, BHUBANESWAR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

35,769 3,69,39,968 Revenue exp. 1,8855,075 2,24,82,082 1,14,01,321 Development exp. C Total 4,14,09,677 5,26,17,851 4,83,41,522 application D Surplus/Deficit (1,59,34,478) (1,84,63,954) (79,41,522) (A-C) E Accumulation - - - of 15% (A*15%) F Taxable income

ROLAND EDUCATIONAL & CHARITABLE TRUST,BERHAMPUR vs. DCIT, BERHAMPUR CIRCLE, BERHAMPUR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

35,769 3,69,39,968 Revenue exp. 1,8855,075 2,24,82,082 1,14,01,321 Development exp. C Total 4,14,09,677 5,26,17,851 4,83,41,522 application D Surplus/Deficit (1,59,34,478) (1,84,63,954) (79,41,522) (A-C) E Accumulation - - - of 15% (A*15%) F Taxable income

ROLAND INSTITUTE OF PHARMACEUTICAL SCIENCES,GANJAM vs. CHEIF CIT, BHUBANESWAR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

35,769 3,69,39,968 Revenue exp. 1,8855,075 2,24,82,082 1,14,01,321 Development exp. C Total 4,14,09,677 5,26,17,851 4,83,41,522 application D Surplus/Deficit (1,59,34,478) (1,84,63,954) (79,41,522) (A-C) E Accumulation - - - of 15% (A*15%) F Taxable income

ROLAND EDUCATIONAL & CHARITABLE TRUST,GANJAM vs. CHEIF CIT, BHUBANESWAR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

35,769 3,69,39,968 Revenue exp. 1,8855,075 2,24,82,082 1,14,01,321 Development exp. C Total 4,14,09,677 5,26,17,851 4,83,41,522 application D Surplus/Deficit (1,59,34,478) (1,84,63,954) (79,41,522) (A-C) E Accumulation - - - of 15% (A*15%) F Taxable income

ROLAND EDUCATIONAL & CHARITABLE TRUST,BERHAMPUR vs. DCIT, BERHAMPUR CIRCLE, BERHAMPUR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

35,769 3,69,39,968 Revenue exp. 1,8855,075 2,24,82,082 1,14,01,321 Development exp. C Total 4,14,09,677 5,26,17,851 4,83,41,522 application D Surplus/Deficit (1,59,34,478) (1,84,63,954) (79,41,522) (A-C) E Accumulation - - - of 15% (A*15%) F Taxable income

ROLAND EDUCATIONAL & CHARITABLE TRUST,GANJAM vs. CHEIF CIT, BHUBANESWAR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

35,769 3,69,39,968 Revenue exp. 1,8855,075 2,24,82,082 1,14,01,321 Development exp. C Total 4,14,09,677 5,26,17,851 4,83,41,522 application D Surplus/Deficit (1,59,34,478) (1,84,63,954) (79,41,522) (A-C) E Accumulation - - - of 15% (A*15%) F Taxable income

ROLAND INSTITUTE OF PHARMACEUTICAL SCIENCES,GANJAM vs. CHEIF CIT, BHUBANESWAR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

35,769 3,69,39,968 Revenue exp. 1,8855,075 2,24,82,082 1,14,01,321 Development exp. C Total 4,14,09,677 5,26,17,851 4,83,41,522 application D Surplus/Deficit (1,59,34,478) (1,84,63,954) (79,41,522) (A-C) E Accumulation - - - of 15% (A*15%) F Taxable income

ROLAND EDUCATIONAL & CHARITABLE TRUST,BERHAMPUR vs. DCIT, BERHAMPUR CIRCLE, BERHAMPUR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

35,769 3,69,39,968 Revenue exp. 1,8855,075 2,24,82,082 1,14,01,321 Development exp. C Total 4,14,09,677 5,26,17,851 4,83,41,522 application D Surplus/Deficit (1,59,34,478) (1,84,63,954) (79,41,522) (A-C) E Accumulation - - - of 15% (A*15%) F Taxable income

ROLAND INSTITUTE OF PHARMACEUTICAL SCIENCES,GANJAM vs. CHEIF CIT, BHUBANESWAR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

35,769 3,69,39,968 Revenue exp. 1,8855,075 2,24,82,082 1,14,01,321 Development exp. C Total 4,14,09,677 5,26,17,851 4,83,41,522 application D Surplus/Deficit (1,59,34,478) (1,84,63,954) (79,41,522) (A-C) E Accumulation - - - of 15% (A*15%) F Taxable income

MAHANADI COALFIELDS LTD.,SAMBALPUR vs. DCIT, CIRCLE-2(1), SAMBALPUR

In the result, appeal of the assessee is partly allowed for

Bench: Shri C.M. Garg, Jm & Shri L.P. Sahu, Am आयकर अपीऱ सं./Ita No.174/Ctk/2018 (नििाारण वषा / Assessment Year : 2015 - 2016) Mahanadi Coalfields Ltd., Vs. Dcit, Circle-2(1), Sambalpur Jagriti Vihar, Burla, Sambalpur स्थायी ऱेखा सं./Pan No. : Aabcm 5188 P (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) .. यनधागररती की ओर से /Assessee By : Shri S.S.Podar, Ca राजस्व की ओर से /Revenue By : Shri S.M.Keshkamat, Citdr सुनवाई की तारीख / Date Of Hearing : 15/01/2020 घोषणा की तारीख/Date Of Pronouncement : 05/06/2020 आदेश / O R D E R Per L.P.Sahu, Am :

ab-initio inadmissible- however, in addition to this it is not a right, being similar in nature to know-how, patents, copyrights, trademarks, licenses, franchises or any other business or commercial rights. The right to use land which is being lease right to use the land as agreed upon; cannot be equated with know-how, patents or trademarks or other

ITO, BHUBANESWAR vs. ORISSA COMPUTER APPLICATION CENTRE, BHUBANESWAR

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

35,38,150=82 iii Repair & Maintenance 2,58,281=98 iv Depreciation 49,31,893=91 V Other expenses 15,06,960=90 Total 1,61,74,195.41 As per income and expenditure account total receipts for the year was Rs. 1,82,20,688/-. All the receipts are revenue receipts and hence taxable. After accounting for total expenses