M/S. SHREE BALAJI ENGICONS PVT. LTD.,BELPAHAR, JHARSUGUDA vs. DCIT, CENTRAL CIRCLE-1(1), SAMBALPUR, SAMBALPUR

In the result, appeals of the assesee in IT(SS)A No

Bench: Shri George Mathan & Shri Manish Agarwalit(Ss)A No.77/Ctk/2023

23. One more aspect is that to claim the deduction u/s 80IA(4) assessee should kept separate books of accounts of each eligible project. In the present case the assessee has not made any claim of deduction on the projects related to JV’s in the return of income filed and after the 50 IT(SS)A No.77 & ITA Nos.320

M/S. SHREE BAALAJI ENGICONS LIMITED,JHARSUGUDA vs. DEPUTY COMMISSIONER OF INCOME TAX ( CENTRAL CIRCLE-1(1), SAMBALPUR

In the result, appeals of the assesee in IT(SS)A No

Bench: Shri George Mathan & Shri Manish Agarwalit(Ss)A No.77/Ctk/2023

23. One more aspect is that to claim the deduction u/s 80IA(4) assessee should kept separate books of accounts of each eligible project. In the present case the assessee has not made any claim of deduction on the projects related to JV’s in the return of income filed and after the 50 IT(SS)A No.77 & ITA Nos.320

ASST. CIT, CENTRAL CIRCLE, SAMBALPUR, AAYAKAR BHAWAN, SAMBALPUR vs. SHREE BALAJI ENGICON LIMITED, BELPAHAR RS

In the result, appeals of the assesee in IT(SS)A No

Bench: Shri George Mathan & Shri Manish Agarwalit(Ss)A No.77/Ctk/2023

23. One more aspect is that to claim the deduction u/s 80IA(4) assessee should kept separate books of accounts of each eligible project. In the present case the assessee has not made any claim of deduction on the projects related to JV’s in the return of income filed and after the 50 IT(SS)A No.77 & ITA Nos.320

M/S. SHREE BALAJI ENGICONS PVT. LTD.,BELPAHAR, JHARSUGUDA vs. ACIT, CENTRAL CIRCLE-1(1), SAMBALPUR, SAMBALPUR

In the result, appeals of the assesee in IT(SS)A No

Bench: Shri George Mathan & Shri Manish Agarwalit(Ss)A No.77/Ctk/2023

23. One more aspect is that to claim the deduction u/s 80IA(4) assessee should kept separate books of accounts of each eligible project. In the present case the assessee has not made any claim of deduction on the projects related to JV’s in the return of income filed and after the 50 IT(SS)A No.77 & ITA Nos.320

ACIT, CENTRAL CIRCLE, SAMBALPUR, SAMBALPUR vs. M/S. SHREE BALAJI ENGICONS PVT. LTD., JHARSUGUDA

In the result, appeals of the assesee in IT(SS)A No

Bench: Shri George Mathan & Shri Manish Agarwalit(Ss)A No.77/Ctk/2023

23. One more aspect is that to claim the deduction u/s 80IA(4) assessee should kept separate books of accounts of each eligible project. In the present case the assessee has not made any claim of deduction on the projects related to JV’s in the return of income filed and after the 50 IT(SS)A No.77 & ITA Nos.320

ACIT, CENTRAL CIRCLE, SAMBALPUR, SAMBALPUR vs. M/S. SHREE BALAJI ENGICONS PVT. LTD., JHARSUGUDA

In the result, appeals of the assesee in IT(SS)A No

Bench: Shri George Mathan & Shri Manish Agarwalit(Ss)A No.77/Ctk/2023

23. One more aspect is that to claim the deduction u/s 80IA(4) assessee should kept separate books of accounts of each eligible project. In the present case the assessee has not made any claim of deduction on the projects related to JV’s in the return of income filed and after the 50 IT(SS)A No.77 & ITA Nos.320

ACIT, CENTRAL CIRCLE, SAMBALPUR, SAMBALPUR vs. M/S. SHREE BALAJI ENGICONS PVT. LTD., JHARSUGUDA

In the result, appeals of the assesee in IT(SS)A No

Bench: Shri George Mathan & Shri Manish Agarwalit(Ss)A No.77/Ctk/2023

23. One more aspect is that to claim the deduction u/s 80IA(4) assessee should kept separate books of accounts of each eligible project. In the present case the assessee has not made any claim of deduction on the projects related to JV’s in the return of income filed and after the 50 IT(SS)A No.77 & ITA Nos.320

KALINGA MINING CORPORATION,CUTTACK vs. A.C.I.T, CIRCLE-2(1), CUTTACK

In the result, both appeals of the assessee are allowed

x 47.52%]. Hence, it was believed that the income chargeable to tax amounting to Rs.60,45,017/- has escaped assessment for the year under consideration". 3. That the basic condition precedent for invoking jurisdiction/power u/s.147/148 of the IT Act, 1961 is missing in present case, in as much as, to initiate the proceeding under the said provision, the assessing officer

KALINGA MINING CORPORATION,CUTTACK vs. A.C.I.T., CIRCLE-2(1), CUTTACK

In the result, both appeals of the assessee are allowed

x 47.52%]. Hence, it was believed that the income chargeable to tax amounting to Rs.60,45,017/- has escaped assessment for the year under consideration". 3. That the basic condition precedent for invoking jurisdiction/power u/s.147/148 of the IT Act, 1961 is missing in present case, in as much as, to initiate the proceeding under the said provision, the assessing officer

INCOME TAX OFFICER, PHULBANI vs. NARSINGH DASH AGRAWALA AND SONS, PHULBANI

In the result, appeal of the revenue stands dismissed and cross objection of the assessee is allowed

Section 143(3) provides that AOs have to determine and assess the income correctly. Different types of claims together with accounts, records and all documents enclosed with the return are required to be examined in details in every scrutiny assessment. CBDT has also issued instructions from time to time in this regard. . Govt of lndia Deptt of Petroleum &Natural