M/S. SWAPNA MOTORS PRIVATE LTD.,CUTTACK vs. CIT, CUTTACK

In the result, appeal of the assessee is dismissed

Bench: S/ S/Shri Chandra Mohan Garg, Judicial & Arun Khodpia & Arun Khodpia & Arun Khodpiaassessment Year : 2010-2011 2011 M/S. Swapna Motors Pvt Ltd., M/S. Swapna Motors Pvt Ltd., Vs. Asst. Commissioner Of Income Asst. Commissioner Of Income Friends Colony, Cuttack Friends Colony, Cuttack Tax, Tax, Circle Circle-2(1), Arunodoya Nagar, Cuttack Nagar, Cuttack Pan/Gir No. No.Aafcs 1450 A (Appellant (Appellant) .. ( Respondent Respondent) Assessee By : None Revenue By : Shri M.K.Goutam, Cit (Dr) Date Of Hearing : 30 /3/ 20 / 2022 Date Of Pronouncement : 05 / /4/2022 O R D E R Per C.M.Garg G, Jm

depreciation loss while passing the assessment order for A.Y. 10-11. 5. The CIT also noticed that in the balance sheet and cash flow statement for the year ending 31.3.2010, the assessee had received a sum of Rs.7,30,00,000/- from issue of share capital including share premium and P a g e 2 | 7 Assessment Year

RIO TINTO ORISSA MINING PVT. LTD.,BHUBANESWAR vs. ACIT, CORPORATE CIRCLE-1(2), BHUBANESWAR

In the result, appeal of the assessee is allowed

set up its business in the year 5 1997-98, even if there is no business receipt during the year under consideration, the expense as per its Profit and Loss account and depreciation

OMM SHREE REALCON PVT. LTD,BHUBANESWAR vs. PR.CIT-1, BHUBANESWAR

In the result, appeal of the assessee stands allowed

Bench: Before S/Shri George Mathan, Judicial & And Rajesh Kumarassessment Year : 2018-19 Om Shree Realcon Pvt Ltd., Om Shree Realcon Pvt Ltd., Vs. Pr. Cit- Bhubaneswar Bhubaneswar-1 Plot No.418, Forest Park, 8, Forest Park, Bhubaneswar. Bhubaneswar. Pan/Gir No. Pan/Gir No.Aabco 3118 P (Appellant (Appellant) .. ( Respondent Respondent) Assessee By : Shri S.K.Sarangi, Ca S.K.Sarangi, Ca Revenue By : Shri M.K.Gautam, Pr. Cit (Osd) Pr. Cit (Osd) Date Of Hearing : 28 /0 06/2023 Date Of Pronouncement : 28 /0 /06/2023 O R D E R Per Bench

loss before depreciation. IN01.04: Large investment in property (Form 26QB) as compared to total income. P a g e 9 | 31 Assessment Year : 2018-19 On going through the submission made by you to the notice u/s.`142(1) dated 1.12.2020, it is seen that the following details ae not yet furnished by you. 1. Copies of returns of income

MGM GREEN ENERGY LIMITED,BHUBANESWAR vs. DCIT,CIRCLE-1(1), BHUBANESWAR

In the result, appeal of the assessee is partly allowed

Bench: Shri George Mathan & Shri Manish Agarwalआयकर अऩीऱ सं/Ita No.370/Ctk/2019 (ननधाारण वषा / Assessment Year : 2014-2015) Mgm Green Energy Limited, Vs Jcit, Range Rourkela, Rourkela 5-A, Forest Park, Bhubaneswar Pan No. :Aahcm 8472 C (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) .. ननधााररती की ओर से /Assessee By : Sh A.K.Sabat & Sh B.K.Mahapatra, Cas राजस्व की ओर से /Revenue By : Shri Sanjay Kumar, Cit-Dr सुनवाई की तारीख / Date Of Hearing : 22/05/2024 घोषणा की तारीख/Date Of Pronouncement : 22/05/2024 आदेश / O R D E R Per Bench : This Appeal Is Filed By The Assessee Against The Order Of The Ld. Cit(A)-1. Bhubaneswar, Dated 11.06.2019, In I.T.Appeal No.0388/16-17 For The Assessment Year 2014-2015. 2. The Assessee Has Taken As Many As Six Grounds Of Appeal, Relating To Various Additions/Disallowances Made To The Income Declared By The Assessee & Also Against The Adjustments Made In The Book Profit U/S.115Jb Of The Act. The Grounds Raised By The Assessee Are As Under :- I) The Ld. Cit(A) Is Erred In Dismissing The Appeal Of The Assessee, Which Is Arbitrary, Erroneous & Bad, Both In The Eyes Of Law. Ii) Disallowance Of Interest Expenses U/S.36(Iii) Of The Act At Rs.1,65,18,400/-; Iii) Disallowance Of Expenses U/S.14A Of The Act/Rule 8D Of It Rules At Rs.2,44,82,488/-; Iv) Addition Of Disallowance Of Expenses U/S.14A At Rs.2,44,82,488/- In The Book Profit As Computed U/S 115Jb; V) Addition/Disallowance Of Expenses U/S.115Jb Of The Act Under The Book Profits; Vi) Disallowance Of Differential Depreciation Of Rs.1,16,63,697/-

losses - Insofar as loans to directors were concerned, said loans were granted out of assessee's own surplus funds - Whether in view of aforesaid, impugned order passed by High Court was to be set aside - Held, yes [In favour of assessee] 13. Further the Hon‟ble Supreme Court in the case of Reliance Utilities & Power Ltd., reported

INDUSTRIAL DEVELOPMENT CORPORATION OF ORISSA LIMITED,BHUBNAESWAR vs. DCIT,CIRCLE-4(1), BHUBANESWAR

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

Bench: Shri C.M. Garg, Jm & Shri L.P. Sahu, Am आयकर अपीऱ सं./Ita No.343/Ctk/2019 (नििाारण वषा / Assessment Year :2014-2015) Industrial Development Vs Dcit, Circle-4(1), Bhubaneswar Corporation Of Orissa Limited (Idcol), Idcol House, Ashok Nagar, Bhubaneswar-751001 Pan No. : Aaaci 4821 L (अऩीलाथी /Appellant) (प्रत्यथी / Respondent) .. ननधाारिती की ओर से /Assessee By : Shri S.C.Bhadra, Ca िाजस्व की ओर से /Revenue By : Shri S.C.Mohanty, Dr सुनवाई की तािीख / Date Of Hearing : 05/03/2021 घोषणा की तािीख/Date Of Pronouncement : 09/03/2021 आदेश / O R D E R Per Bench: This Is An Appeal Filed By The Assessee Against The Order Passed By The Cit(A)-1, Bhubaneswar, Dated 14.08.2019 For The Assessment Year 2014-2015, On The Following Grounds :- 1. The Order Of Assessment As Well As Appeal Is Against Law, Weight Of Evidences & Probabilities Of The Case. 2. The Learned Assessing Officer As Well As The Commissioner Of Income Tax (Appeals) Has Most Arbitrarily Disallowed Rs. 1,63,05,059/-, U/S 14A Against The Exempted Income Of Rs.5,50,000/-, Being Dividend Received From Associate Companies In Routine Manner, Without Properly Recording The Dissatisfaction Of The Assessing Officer 3. The Interest On Income Tax Refund Of Rs.8,04,924/-, Which Is Adjusted Against Demand, Was Not Properly Intimated For Which The Same Is Not Recognized As Income. 4. The Learned Assessing Officer Added Rs.6,66,721/-, As Interest On Fixed Deposit Based On The Comment Of The Auditor, Which Is Recognized In Subsequent Assessment Year. 5. The Learned Assessing Officer Erred In Adding, Amount Disallowed U/S 14A, Of Rs. 1,63,05,059/-, Rs.8,04,924/-, On Account Of Income

Loss account. 6. For these and other reasons, to be argued at the time of hearing the order of assessment shall be quashed to meet the end of justice. 2. Brief facts of the case are that the assessee filed its return of income electronically on 22.11.2014 declaring total business income of Rs.Nil after set off of brought forward depreciation

ODISHA CONSTRUCTION CORPORATION LTD.,BHUBANESWAR vs. DCIT, CIRCLE-2(2), BHUBANESWAR

In the result, appeals filed by the revenue and assessee are allowed

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

depreciable asset was not revenue in nature. The CIT(A) confirmed the same. Before us, ld A.R. referred to page 123 of PB and submitted that the profit on sale of assets was offered by the assessee. We observe that there is no clarity in respect of offering of profit on sale of assets and for non-adjusting of sale

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

In the result, appeals filed by the revenue and assessee are allowed

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

depreciable asset was not revenue in nature. The CIT(A) confirmed the same. Before us, ld A.R. referred to page 123 of PB and submitted that the profit on sale of assets was offered by the assessee. We observe that there is no clarity in respect of offering of profit on sale of assets and for non-adjusting of sale

ACIT, CIRCLE-2(2), BHUBANESWAR, BHUBANESWAR vs. M/S. SRB CONSULTANCY PVT. LTD., BHUBANESWAR

In the result, appeal filed by the assessee is partly allowed for

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

depreciable assets, the Assessing Officer should have excluded Rs.51,876/- which pertained to ITA No. 566/CT K/ 2013 Asse ssment Year : 20 10- 201 1 assessee’s gain on sale of assets, which was offered for taxation under the head “other income”. He observed that the Assessing Officer apparently missed to see that a sum of Rs.51,876/- was really

DCIT, CORPORATE CIRCLE-1(1), BHUBANESWAR vs. M/S. INDUSTRIAL DEVELOPMENT CORPORATION OF ORISSA LTD., BHUBANESWAR

In the result, appeal of the Revenue is dismissed and appeal of

Bench: Shri C.M. Garg, Jm & Shri L.P. Sahu, Am आयकर अपीऱ सं./Ita No.379/Ctk/2017 (नििाारण वषा / Assessment Year : 2009 - 2010) Dcit, Corporate Circle-1(1), Vs. M/S Industrial Development Bhubaneswar Corporation Of Orissa Ltd., Idcol House, Ashok Nagar, Bhubaneswar स्थायी ऱेखा सं./Pan No. : Aaaci 4821 L & आयकर अपीऱ सं./Ita No.392/Ctk/2017 (नििाारण वषा / Assessment Year : 2009 - 2010) M/S Industrial Development Vs. Dcit, Corporate Circle-1(1), Corporation Of Orissa Ltd., Bhubaneswar Idcol House, Ashok Nagar, Bhubaneswar स्थायी ऱेखा सं./Pan No. : Aaaci 4821 L (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) .. यनधागररती की ओर से /Assessee By : Shri S.C.Bhadra,Ca राजस्व की ओर से /Revenue By : Shri M.K.Gautam, Cit-Dr सुनवाई की तारीख / Date Of Hearing : 29/01/2020 घोषणा की तारीख/Date Of Pronouncement : 17/02/2020 आदेश / O R D E R Per L.P.Sahu, Am : These Are The Cross Appeals Filed By The Revenue & Assessee, Arising Out Of The Order Dated 15.06.2017 Passed By The Cit(A)-3, Bhubaneswar, For The Assessment Year 2009-2010. 2. First We Shall Take Up The Appeal Of The Revenue In Ita

set off of unabsorbed depreciation brought forward from earlier years of Rs.28,80,98,231/-, he assessed income of the year at Rs. 41,91,96,769/-, rounded off to Rs.41,91,96,770/-. Further the assessment was completed u/s.263/143(3) of the Act dated 30.07.2014 determining total income at Rs.94,73,96,770/-. Subsequently, the assessment u/s.147/251/143

THE INDUSTRIAL DEVELOPMENT CORPORATION OF ORISSA LIMITED,BHUBANESWAR vs. DCIT, CIRCLE-1, BHUBANESWAR

In the result, appeal of the Revenue is dismissed and appeal of

Bench: Shri C.M. Garg, Jm & Shri L.P. Sahu, Am आयकर अपीऱ सं./Ita No.379/Ctk/2017 (नििाारण वषा / Assessment Year : 2009 - 2010) Dcit, Corporate Circle-1(1), Vs. M/S Industrial Development Bhubaneswar Corporation Of Orissa Ltd., Idcol House, Ashok Nagar, Bhubaneswar स्थायी ऱेखा सं./Pan No. : Aaaci 4821 L & आयकर अपीऱ सं./Ita No.392/Ctk/2017 (नििाारण वषा / Assessment Year : 2009 - 2010) M/S Industrial Development Vs. Dcit, Corporate Circle-1(1), Corporation Of Orissa Ltd., Bhubaneswar Idcol House, Ashok Nagar, Bhubaneswar स्थायी ऱेखा सं./Pan No. : Aaaci 4821 L (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) .. यनधागररती की ओर से /Assessee By : Shri S.C.Bhadra,Ca राजस्व की ओर से /Revenue By : Shri M.K.Gautam, Cit-Dr सुनवाई की तारीख / Date Of Hearing : 29/01/2020 घोषणा की तारीख/Date Of Pronouncement : 17/02/2020 आदेश / O R D E R Per L.P.Sahu, Am : These Are The Cross Appeals Filed By The Revenue & Assessee, Arising Out Of The Order Dated 15.06.2017 Passed By The Cit(A)-3, Bhubaneswar, For The Assessment Year 2009-2010. 2. First We Shall Take Up The Appeal Of The Revenue In Ita

set off of unabsorbed depreciation brought forward from earlier years of Rs.28,80,98,231/-, he assessed income of the year at Rs. 41,91,96,769/-, rounded off to Rs.41,91,96,770/-. Further the assessment was completed u/s.263/143(3) of the Act dated 30.07.2014 determining total income at Rs.94,73,96,770/-. Subsequently, the assessment u/s.147/251/143

KALPANA MISHRA,BHUBANESWAR vs. ITO, WARD 5(4), BHUBANESWAR, BHUBANESWAR

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

Bench: Shri George Mathan & Shri Manish Agarwalआयकर अपील संसंसंसं/Ita No.491/Ctk/2024 (िनधा"रण िनधा"रण िनधा"रण वष" िनधा"रण वष" वष" / Assessment Year : 2016-2017) वष" Kalpana Mishra, Vs Ito Ward-5(4), Bhubaneswar Plot No.B-87/A, Chandaka Industrial Estate, Patia, Bhubaneswar-751024 Pan No. :Alfpm 2864 E (अपीलाथ" अपीलाथ" अपीलाथ" /Appellant) अपीलाथ" (""यथ" ""यथ" ""यथ" / Respondent) ""यथ" .. िनधा"रती िनधा"रती क" िनधा"रती िनधा"रती क" क" ओर क" ओर ओर सेसेसेसे /Assessee By ओर : Shri B.R.Pattnaik, Ca राज"व राज"व क" राज"व राज"व क" क" ओर क" ओर ओर सेसेसेसे /Revenue By ओर : Shri S.C.Mohanty, Sr. Dr सुनवाई क" तारीख / Date Of Hearing : 28/01/2025 घोषणा क" तारीख/Date Of Pronouncement : 28/01/2025 आदेश आदेश / O R D E R आदेश आदेश Per Bench : This Is An Appeal Filed By The Assessee Against The Order Dated 07.03.2024, Passed By The Cit(A), National Faceless Appeal Centre (Nfac), Delhi In Din & Order No.Itba/Nfac/S/250/2023- 24/1062168195(1) For The Assessment Year 2016-2017, On The Following Grounds :- 1. Hon'Ble Cit(Appeals), Nfac Has Erred In Law & On Facts In Confirming The Action Of The Learned Ao Even Though The Learned Ao Has Exceeded His Jurisdiction In A Limited Scrutiny Case Selected Under Cass Only To Examine Whether The Investment & Income Relating To Securities Transactions Are Duly Disclosed Or Not & Added A Sum Of Rs.44,00,000.00 U/S 68 Of The Income Tax Act, 1961, Without Obtaining Prior Administrative Approval Of The Concerned Pr. Cit/Cit As Prescribed In Circular F. No. 225/402/2018/Ita.Ii, Dated 28- 11-2018 & Instruction No.5/2016 [F.No.225/269/2015-

set off and carry forward of brought forward unabsorbed loss and depreciation which were not subject of 'limited scrutiny', Assessing

ITO, KHURDA vs. BULARAM DALAI, KHURDA

In the result, appeal of the Revenue is dismissed

loss or unabsorbed depreciation. Assessment order was re-framed. The CIT(Appeals) and the Tribunal allowed the appeal on account that assessee has 6 disclosed all material facts and the AO after considering the material facts passed assessment order u/s 143(3). On appeal by the Revenue to the High Court, held that; it is a case in which after

DCIT, BHUBANESWAR vs. ORISSA HYDRO POWER CORPORATION LTD, BHUBANESWAR

In the result, appeal of Revenue i

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

Loss Account and Balance Sheet under the head fixed assets and depreciation, claims depreciation on various heads under the Companies Act, 1956. However, while computing the total income basing on the tax audit report as annexed at Annexure -3, schedule of depreciation as per Rule -5 of the I.T. Rules, 1962 claims depreciation. In the particulars of assets subject

M/S ODISHA HYDRO POWER CORPORATION LTD,BHUBANESWAR vs. DCIT, BHUBANESWAR

In the result, appeal of Revenue i

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

Loss Account and Balance Sheet under the head fixed assets and depreciation, claims depreciation on various heads under the Companies Act, 1956. However, while computing the total income basing on the tax audit report as annexed at Annexure -3, schedule of depreciation as per Rule -5 of the I.T. Rules, 1962 claims depreciation. In the particulars of assets subject

RUKMANI INFRA PROJECTS PVT. LTD.,BHUBANESWAR vs. ACIT, CIRCLE-1(2), BHUBANESWAR

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

Bench: Shri Chandra Mohan Garg, Jm & Shri Arun Khodpia, Am आयकर अपीऱ सं./Ita No.358/Ctk/2017 (नििाारण वषा / Assessment Year :2013-2014) Rukmani Infra Projects Ltd., Vs Acit, Circle-1(2), Bhubaneswar Plot No.251, District Centre, C.S.Pur, Bhubaneswar-16 Pan No. : Aaecr 1585 L (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) .. यनधागररती की ओर से /Assessee By : None : Shri Manoj Kumar Goutam, Cit-Dr राजस्व की ओर से /Revenue By सुनवाई की तारीख / Date Of Hearing : 08/03/2022 घोषणा की तारीख/Date Of Pronouncement : 30/03/2022 आदेश / O R D E R Per Arun Khodpia, Am : This Appeal Filed By The Assessee Has Been Directed Against The Order Passed By The Ld. Cit(A)-1, Bhubaneswar, Dated 16.06.2017, For The Assessment Year 2013-2014. 2. Brief Facts Of The Case Extracted From The Available Records Are That, The Assessee, A Company Incorporated Under The Companies Act, 1956, Engaged In The Business Of Erection, Commissioning, Technical & Maintenance Service To Different Power Plants. The Return Of Income For The Ay 2013-14 Was Filed By The Assessee On 01.10.2013 Declaring A Total Income Of Rs.1,65,91,030/-. The Case Of The Assessee Was Selected Under Cass. Notice U/S 143(2) & 143(1) Were Issued & Served On The Assessee. Assessment Proceedings Were Completed By The Ao & Concluded With An Addition Of Rs.3,58,95,574/- Under Four Different

set aside the impugned order of Ld CIT(A) and direct the AO to allow the claim of deduction in respect of employees contribution shares towards ESI, PF, by the assessee before the due date of filing of return u/s 139(1) of the Act. Therefore the appeal of assessee succeeds and so, it is allowed in favor of assessee

BIKASH DEB,BHUBANESWAR vs. DCIT CIRCLE- 2(1), BHUBANESWAR

In the result, both the appeals of the assessee stand allowed

Bench: Before S/Shri George Mathan, Judicial & Arun Khodpia & Arun Khodpia & Arun Khodpiaita Nos.357 & 388/Ctk/2019 /2019 Assessment Years : 2009-10 & 2010 10 & 2010-11 Bikash Dev Bikash Dev, Flat No.101, Vs. Dcit, Circle Dcit, Circle-2(1), Haraprity Haraprity Apar Apartment, Bhubaneswar. Bhubaneswar. Vivekananda Vivekananda Marg, Marg, Old Old Town, Bhubaneswar. Town, Bhubaneswar. Pan/Gir No. Pan/Gir No.Ahepd 0737 C (Appellant (Appellant) .. ( Respondent Respondent) Assessee By : Shri K.K.Bal, Adv K.K.Bal, Adv Revenue By : Shri M.K.Gautam, M.K.Gautam, Cit Dr Date Of Hearing : 17/01 01/2023 Date Of Pronouncement : 17/01 /01/2023 O R D E R

loss or depreciation allowance or any other allowances, and these are pointers to indicate P a g e 13 | 19 ITA Nos.357 & 388/CTK/2019 Assessment Years : 2009-10 & 2010 that the reassessment can be thorough and complete. Explanations to the section also suggest to the wide power and discretion. when an assessee makes a declaration of his income, and verifies particularly

BIKASH DEB,BHUBANESWAR vs. DCIT, CIRCLE-2(1), BHUBANESWAR

In the result, both the appeals of the assessee stand allowed

Bench: Before S/Shri George Mathan, Judicial & Arun Khodpia & Arun Khodpia & Arun Khodpiaita Nos.357 & 388/Ctk/2019 /2019 Assessment Years : 2009-10 & 2010 10 & 2010-11 Bikash Dev Bikash Dev, Flat No.101, Vs. Dcit, Circle Dcit, Circle-2(1), Haraprity Haraprity Apar Apartment, Bhubaneswar. Bhubaneswar. Vivekananda Vivekananda Marg, Marg, Old Old Town, Bhubaneswar. Town, Bhubaneswar. Pan/Gir No. Pan/Gir No.Ahepd 0737 C (Appellant (Appellant) .. ( Respondent Respondent) Assessee By : Shri K.K.Bal, Adv K.K.Bal, Adv Revenue By : Shri M.K.Gautam, M.K.Gautam, Cit Dr Date Of Hearing : 17/01 01/2023 Date Of Pronouncement : 17/01 /01/2023 O R D E R

loss or depreciation allowance or any other allowances, and these are pointers to indicate P a g e 13 | 19 ITA Nos.357 & 388/CTK/2019 Assessment Years : 2009-10 & 2010 that the reassessment can be thorough and complete. Explanations to the section also suggest to the wide power and discretion. when an assessee makes a declaration of his income, and verifies particularly

PARADEEP PHOSPHATES LTD.,BHUBANESWAR vs. JCIT, RANGE-1, BHUBANESWAR, BHUBANESWAR

In the result, appeal of the assessee is allowed for statistical purposes and appeal of Revenue is dismissed

loss and depreciation of Rs.45,20,05,128/- instead of 6 & ITA No.02/CTK/2014 giving the direction to the learned AO vide his order dated 28.10.2013. 3. The assessee has raised 11 grounds in the appeal, out of which ground Nos.6,7,8,9,10 & 11 have not been pressed by ld. AR of the assessee at the time of hearing