DCIT, BHUBANESWAR vs. ORISSA HYDRO POWER CORPORATION LTD, BHUBANESWAR
In the result, appeal of Revenue i
ITA 115/CTK/2014[2005-06]Status: DisposedITAT Cuttack25 Feb 2020AY 2005-06
Bench: Shri C.M. Garg, Jm & Shri L.P. Sahu, Am आयकर अपीऱ सं./Ita No.115/Ctk/2014 (नििाारण वषा / Assessment Year :2005-2006) Dcit, Circle-1(1), Bhubaneswar Vs. M/S Orissa Hydro Power Corporation Limited, Orissa State Police Housing & Welfare Corporation Building, Bhoi Nagar, Vani Vihar, Bhubaneswar-751022 स्थायी ऱेखा सं./ Pan No. : Aaaco 2575 P (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) .. & आयकर अपीऱ सं./Ita No.122/Ctk/2014 (नििाारण वषा / Assessment Year :2005-2006) M/S Orissa Hydro Power Vs. Dcit, Circle-1(1), Corporation Limited, Bhubaneswar Orissa State Police Housing & Welfare Corporation Building, Bhoi Nagar, Vani Vihar, Bhubaneswar-751022 स्थायी ऱेखा सं./ Pan No. : Aaaco 2575 P (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) .. राजस्व की ओर से /Revenue By Smt. Sarita Mishra Kolhe, Cit-Dr : ननधााररती की ओर से /Assessee By Shri Dillip Kumar Mohanty, Adv. : सुनवाई की तारीख / Date Of Hearing : 24/12/2019 घोषणा की तारीख/Date Of Pronouncement : 25/02/2020 आदेश / O R D E R Per L.P.Sahu, Am: These Two Appeals Have Been Filed By Assessee & Revenue Against The Order Passed By The Cit(A)-I, Bhubaneswar, Dated 01.01.2014 For The Assessment Year 2005-2006. 2. First We Shall Take Up The Appeal Of Revenue Filed In Ita
211/- and after setting off unabsorbed depreciation of
earlier years, the assessed income was determined at NIL.
Consequently, the AO made the following additions :-
i)
Provision for dam maintenance
:
Rs.7,89,47,465/- ii)
Provision for leave encashment
:
Rs.1,18,36,524/- iii)
Non-disclosure of the dues from DOWR as income –Rs.3.98 crores iv)
Prior Period expenses
:
Rs.4
