F SERAJUDDIN EXPORTS (P) LTD,BHUBANESWAR vs. ACIT, BHUBANESWAR

In the result, appeals of the all the assessees are dismissed

Bench: Shri C.M. Garg, Jm & Shri L.P. Sahu, Am आयकर अपीऱ सं./Ita No.29 & 30/Ctk/2014 (नििाारण वषा / Assessment Years :2008-2009 & 2009-2010) Md. Mofazzalur Rahman, Vs. Acit, Circle-1(2), Serajuddin Square(Near Masjid) Bhubaneswar At/Po: Keonjhar-758001 स्थायी लेखा सं./Panno. : Abypr 0862 J & आयकर अपीऱ सं./Ita Nos.575 & 576/Ctk/2013 (नििाारण वषा / Assessment Years :2008-2009 & 2009-2010) F.Serajuddin Exports (P) Ltd. Vs. Acit, Circle-1(2), Fortune Tower, 7Th Floor, Bhubaneswar Chandrasekharpur, Bhubaneswar-751007 स्थायी लेखा सं./Panno. : Aabcf 1469 J & आयकर अपीऱ सं./Ita Nos.577 &578/Ctk/2013 (नििाारण वषा / Assessment Years :2008-2009 & 2009-2010) Serajuddin & Co. (P) Ltd. Vs. Acit, Circle-1(2), Fortune Tower, 7Th Floor, Bhubaneswar Chandrasekharpur, Bhubaneswar-751007 स्थायी लेखा सं./Panno. : Aaics 3545 F & आयकर अपीऱ सं./Ita No.15/Ctk/2014 (नििाारण वषा / Assessment Year :2009-2010) Aliza International (P) Ltd., Vs. Acit, Circle-1(2), Hig-19, Bda Housing Board Bhubaneswar Colony, Jaydev Vihar, Bhubaneswar-751013 स्थायी लेखा सं./Panno. : Aafca 9579 A (अऩीलाथी /Appellant) (प्रत्यथी / Respondent) .. आयकर अपीऱ सं./Ita No.16 & 17/Ctk/2014 (नििाारण वषा / Assessment Year :2008-2009 & 2009-2010) Yazdani International (P) Ltd., Vs. Acit, Circle-1(2), 7Th Floor, C-Wing, Bhubaneswar Fortune Tower, Bhubaneswar-751023 स्थायी लेखा सं./Panno. : Aaacy 2872 M (अऩीलाथी /Appellant) (प्रत्यथी / Respondent) ..

38,724/- on Fixed deposits maintained in the same bank from Sr No. 1933 to 1942 (Rs.50.001acs each) these serial nos. bears FD A/c No. DBD-3500064 to a/c no.DBD- 3500073(mentioned in para above). Thus assessee has earned total interest income to the tune of Rs. 44,16,138/- during the year. Subject to the above discussion, income

YAZDANI INTERNATIONAL (P) LTD,BHUBANESWAR vs. ACIT, CIRCLE-1(2), BHUBANESWAR, BHUBANESWAR

In the result, appeals of the all the assessees are dismissed

Bench: Shri C.M. Garg, Jm & Shri L.P. Sahu, Am आयकर अपीऱ सं./Ita No.29 & 30/Ctk/2014 (नििाारण वषा / Assessment Years :2008-2009 & 2009-2010) Md. Mofazzalur Rahman, Vs. Acit, Circle-1(2), Serajuddin Square(Near Masjid) Bhubaneswar At/Po: Keonjhar-758001 स्थायी लेखा सं./Panno. : Abypr 0862 J & आयकर अपीऱ सं./Ita Nos.575 & 576/Ctk/2013 (नििाारण वषा / Assessment Years :2008-2009 & 2009-2010) F.Serajuddin Exports (P) Ltd. Vs. Acit, Circle-1(2), Fortune Tower, 7Th Floor, Bhubaneswar Chandrasekharpur, Bhubaneswar-751007 स्थायी लेखा सं./Panno. : Aabcf 1469 J & आयकर अपीऱ सं./Ita Nos.577 &578/Ctk/2013 (नििाारण वषा / Assessment Years :2008-2009 & 2009-2010) Serajuddin & Co. (P) Ltd. Vs. Acit, Circle-1(2), Fortune Tower, 7Th Floor, Bhubaneswar Chandrasekharpur, Bhubaneswar-751007 स्थायी लेखा सं./Panno. : Aaics 3545 F & आयकर अपीऱ सं./Ita No.15/Ctk/2014 (नििाारण वषा / Assessment Year :2009-2010) Aliza International (P) Ltd., Vs. Acit, Circle-1(2), Hig-19, Bda Housing Board Bhubaneswar Colony, Jaydev Vihar, Bhubaneswar-751013 स्थायी लेखा सं./Panno. : Aafca 9579 A (अऩीलाथी /Appellant) (प्रत्यथी / Respondent) .. आयकर अपीऱ सं./Ita No.16 & 17/Ctk/2014 (नििाारण वषा / Assessment Year :2008-2009 & 2009-2010) Yazdani International (P) Ltd., Vs. Acit, Circle-1(2), 7Th Floor, C-Wing, Bhubaneswar Fortune Tower, Bhubaneswar-751023 स्थायी लेखा सं./Panno. : Aaacy 2872 M (अऩीलाथी /Appellant) (प्रत्यथी / Respondent) ..

38,724/- on Fixed deposits maintained in the same bank from Sr No. 1933 to 1942 (Rs.50.001acs each) these serial nos. bears FD A/c No. DBD-3500064 to a/c no.DBD- 3500073(mentioned in para above). Thus assessee has earned total interest income to the tune of Rs. 44,16,138/- during the year. Subject to the above discussion, income

MD. MOFAZZALUR RAHAMAN,KEONJHAR vs. ACIT, BHUBANESWAR

In the result, appeals of the all the assessees are dismissed

Bench: Shri C.M. Garg, Jm & Shri L.P. Sahu, Am आयकर अपीऱ सं./Ita No.29 & 30/Ctk/2014 (नििाारण वषा / Assessment Years :2008-2009 & 2009-2010) Md. Mofazzalur Rahman, Vs. Acit, Circle-1(2), Serajuddin Square(Near Masjid) Bhubaneswar At/Po: Keonjhar-758001 स्थायी लेखा सं./Panno. : Abypr 0862 J & आयकर अपीऱ सं./Ita Nos.575 & 576/Ctk/2013 (नििाारण वषा / Assessment Years :2008-2009 & 2009-2010) F.Serajuddin Exports (P) Ltd. Vs. Acit, Circle-1(2), Fortune Tower, 7Th Floor, Bhubaneswar Chandrasekharpur, Bhubaneswar-751007 स्थायी लेखा सं./Panno. : Aabcf 1469 J & आयकर अपीऱ सं./Ita Nos.577 &578/Ctk/2013 (नििाारण वषा / Assessment Years :2008-2009 & 2009-2010) Serajuddin & Co. (P) Ltd. Vs. Acit, Circle-1(2), Fortune Tower, 7Th Floor, Bhubaneswar Chandrasekharpur, Bhubaneswar-751007 स्थायी लेखा सं./Panno. : Aaics 3545 F & आयकर अपीऱ सं./Ita No.15/Ctk/2014 (नििाारण वषा / Assessment Year :2009-2010) Aliza International (P) Ltd., Vs. Acit, Circle-1(2), Hig-19, Bda Housing Board Bhubaneswar Colony, Jaydev Vihar, Bhubaneswar-751013 स्थायी लेखा सं./Panno. : Aafca 9579 A (अऩीलाथी /Appellant) (प्रत्यथी / Respondent) .. आयकर अपीऱ सं./Ita No.16 & 17/Ctk/2014 (नििाारण वषा / Assessment Year :2008-2009 & 2009-2010) Yazdani International (P) Ltd., Vs. Acit, Circle-1(2), 7Th Floor, C-Wing, Bhubaneswar Fortune Tower, Bhubaneswar-751023 स्थायी लेखा सं./Panno. : Aaacy 2872 M (अऩीलाथी /Appellant) (प्रत्यथी / Respondent) ..

38,724/- on Fixed deposits maintained in the same bank from Sr No. 1933 to 1942 (Rs.50.001acs each) these serial nos. bears FD A/c No. DBD-3500064 to a/c no.DBD- 3500073(mentioned in para above). Thus assessee has earned total interest income to the tune of Rs. 44,16,138/- during the year. Subject to the above discussion, income

F SERAJUDDIN EXPORTS (P) LTD,BHUBANESWAR vs. ACIT, BHUBANESWAR

In the result, appeals of the all the assessees are dismissed

Bench: Shri C.M. Garg, Jm & Shri L.P. Sahu, Am आयकर अपीऱ सं./Ita No.29 & 30/Ctk/2014 (नििाारण वषा / Assessment Years :2008-2009 & 2009-2010) Md. Mofazzalur Rahman, Vs. Acit, Circle-1(2), Serajuddin Square(Near Masjid) Bhubaneswar At/Po: Keonjhar-758001 स्थायी लेखा सं./Panno. : Abypr 0862 J & आयकर अपीऱ सं./Ita Nos.575 & 576/Ctk/2013 (नििाारण वषा / Assessment Years :2008-2009 & 2009-2010) F.Serajuddin Exports (P) Ltd. Vs. Acit, Circle-1(2), Fortune Tower, 7Th Floor, Bhubaneswar Chandrasekharpur, Bhubaneswar-751007 स्थायी लेखा सं./Panno. : Aabcf 1469 J & आयकर अपीऱ सं./Ita Nos.577 &578/Ctk/2013 (नििाारण वषा / Assessment Years :2008-2009 & 2009-2010) Serajuddin & Co. (P) Ltd. Vs. Acit, Circle-1(2), Fortune Tower, 7Th Floor, Bhubaneswar Chandrasekharpur, Bhubaneswar-751007 स्थायी लेखा सं./Panno. : Aaics 3545 F & आयकर अपीऱ सं./Ita No.15/Ctk/2014 (नििाारण वषा / Assessment Year :2009-2010) Aliza International (P) Ltd., Vs. Acit, Circle-1(2), Hig-19, Bda Housing Board Bhubaneswar Colony, Jaydev Vihar, Bhubaneswar-751013 स्थायी लेखा सं./Panno. : Aafca 9579 A (अऩीलाथी /Appellant) (प्रत्यथी / Respondent) .. आयकर अपीऱ सं./Ita No.16 & 17/Ctk/2014 (नििाारण वषा / Assessment Year :2008-2009 & 2009-2010) Yazdani International (P) Ltd., Vs. Acit, Circle-1(2), 7Th Floor, C-Wing, Bhubaneswar Fortune Tower, Bhubaneswar-751023 स्थायी लेखा सं./Panno. : Aaacy 2872 M (अऩीलाथी /Appellant) (प्रत्यथी / Respondent) ..

38,724/- on Fixed deposits maintained in the same bank from Sr No. 1933 to 1942 (Rs.50.001acs each) these serial nos. bears FD A/c No. DBD-3500064 to a/c no.DBD- 3500073(mentioned in para above). Thus assessee has earned total interest income to the tune of Rs. 44,16,138/- during the year. Subject to the above discussion, income

SERAJUDDIN & CO. (P) LTD,BHUBANESWAR vs. ACIT, BHUBANESWAR

In the result, appeals of the all the assessees are dismissed

Bench: Shri C.M. Garg, Jm & Shri L.P. Sahu, Am आयकर अपीऱ सं./Ita No.29 & 30/Ctk/2014 (नििाारण वषा / Assessment Years :2008-2009 & 2009-2010) Md. Mofazzalur Rahman, Vs. Acit, Circle-1(2), Serajuddin Square(Near Masjid) Bhubaneswar At/Po: Keonjhar-758001 स्थायी लेखा सं./Panno. : Abypr 0862 J & आयकर अपीऱ सं./Ita Nos.575 & 576/Ctk/2013 (नििाारण वषा / Assessment Years :2008-2009 & 2009-2010) F.Serajuddin Exports (P) Ltd. Vs. Acit, Circle-1(2), Fortune Tower, 7Th Floor, Bhubaneswar Chandrasekharpur, Bhubaneswar-751007 स्थायी लेखा सं./Panno. : Aabcf 1469 J & आयकर अपीऱ सं./Ita Nos.577 &578/Ctk/2013 (नििाारण वषा / Assessment Years :2008-2009 & 2009-2010) Serajuddin & Co. (P) Ltd. Vs. Acit, Circle-1(2), Fortune Tower, 7Th Floor, Bhubaneswar Chandrasekharpur, Bhubaneswar-751007 स्थायी लेखा सं./Panno. : Aaics 3545 F & आयकर अपीऱ सं./Ita No.15/Ctk/2014 (नििाारण वषा / Assessment Year :2009-2010) Aliza International (P) Ltd., Vs. Acit, Circle-1(2), Hig-19, Bda Housing Board Bhubaneswar Colony, Jaydev Vihar, Bhubaneswar-751013 स्थायी लेखा सं./Panno. : Aafca 9579 A (अऩीलाथी /Appellant) (प्रत्यथी / Respondent) .. आयकर अपीऱ सं./Ita No.16 & 17/Ctk/2014 (नििाारण वषा / Assessment Year :2008-2009 & 2009-2010) Yazdani International (P) Ltd., Vs. Acit, Circle-1(2), 7Th Floor, C-Wing, Bhubaneswar Fortune Tower, Bhubaneswar-751023 स्थायी लेखा सं./Panno. : Aaacy 2872 M (अऩीलाथी /Appellant) (प्रत्यथी / Respondent) ..

38,724/- on Fixed deposits maintained in the same bank from Sr No. 1933 to 1942 (Rs.50.001acs each) these serial nos. bears FD A/c No. DBD-3500064 to a/c no.DBD- 3500073(mentioned in para above). Thus assessee has earned total interest income to the tune of Rs. 44,16,138/- during the year. Subject to the above discussion, income

ALIZA INTERNATIONAL (P) LTD,BHUBANESWAR vs. ACIT, CIRCLE-1(2), BHUBANESWAR, BHUBANESWAR

In the result, appeals of the all the assessees are dismissed

Bench: Shri C.M. Garg, Jm & Shri L.P. Sahu, Am आयकर अपीऱ सं./Ita No.29 & 30/Ctk/2014 (नििाारण वषा / Assessment Years :2008-2009 & 2009-2010) Md. Mofazzalur Rahman, Vs. Acit, Circle-1(2), Serajuddin Square(Near Masjid) Bhubaneswar At/Po: Keonjhar-758001 स्थायी लेखा सं./Panno. : Abypr 0862 J & आयकर अपीऱ सं./Ita Nos.575 & 576/Ctk/2013 (नििाारण वषा / Assessment Years :2008-2009 & 2009-2010) F.Serajuddin Exports (P) Ltd. Vs. Acit, Circle-1(2), Fortune Tower, 7Th Floor, Bhubaneswar Chandrasekharpur, Bhubaneswar-751007 स्थायी लेखा सं./Panno. : Aabcf 1469 J & आयकर अपीऱ सं./Ita Nos.577 &578/Ctk/2013 (नििाारण वषा / Assessment Years :2008-2009 & 2009-2010) Serajuddin & Co. (P) Ltd. Vs. Acit, Circle-1(2), Fortune Tower, 7Th Floor, Bhubaneswar Chandrasekharpur, Bhubaneswar-751007 स्थायी लेखा सं./Panno. : Aaics 3545 F & आयकर अपीऱ सं./Ita No.15/Ctk/2014 (नििाारण वषा / Assessment Year :2009-2010) Aliza International (P) Ltd., Vs. Acit, Circle-1(2), Hig-19, Bda Housing Board Bhubaneswar Colony, Jaydev Vihar, Bhubaneswar-751013 स्थायी लेखा सं./Panno. : Aafca 9579 A (अऩीलाथी /Appellant) (प्रत्यथी / Respondent) .. आयकर अपीऱ सं./Ita No.16 & 17/Ctk/2014 (नििाारण वषा / Assessment Year :2008-2009 & 2009-2010) Yazdani International (P) Ltd., Vs. Acit, Circle-1(2), 7Th Floor, C-Wing, Bhubaneswar Fortune Tower, Bhubaneswar-751023 स्थायी लेखा सं./Panno. : Aaacy 2872 M (अऩीलाथी /Appellant) (प्रत्यथी / Respondent) ..

38,724/- on Fixed deposits maintained in the same bank from Sr No. 1933 to 1942 (Rs.50.001acs each) these serial nos. bears FD A/c No. DBD-3500064 to a/c no.DBD- 3500073(mentioned in para above). Thus assessee has earned total interest income to the tune of Rs. 44,16,138/- during the year. Subject to the above discussion, income

SERAJUDDIN & CO. (P) LTD,BHUBANESWAR vs. ACIT, BHUBANESWAR

In the result, appeals of the all the assessees are dismissed

Bench: Shri C.M. Garg, Jm & Shri L.P. Sahu, Am आयकर अपीऱ सं./Ita No.29 & 30/Ctk/2014 (नििाारण वषा / Assessment Years :2008-2009 & 2009-2010) Md. Mofazzalur Rahman, Vs. Acit, Circle-1(2), Serajuddin Square(Near Masjid) Bhubaneswar At/Po: Keonjhar-758001 स्थायी लेखा सं./Panno. : Abypr 0862 J & आयकर अपीऱ सं./Ita Nos.575 & 576/Ctk/2013 (नििाारण वषा / Assessment Years :2008-2009 & 2009-2010) F.Serajuddin Exports (P) Ltd. Vs. Acit, Circle-1(2), Fortune Tower, 7Th Floor, Bhubaneswar Chandrasekharpur, Bhubaneswar-751007 स्थायी लेखा सं./Panno. : Aabcf 1469 J & आयकर अपीऱ सं./Ita Nos.577 &578/Ctk/2013 (नििाारण वषा / Assessment Years :2008-2009 & 2009-2010) Serajuddin & Co. (P) Ltd. Vs. Acit, Circle-1(2), Fortune Tower, 7Th Floor, Bhubaneswar Chandrasekharpur, Bhubaneswar-751007 स्थायी लेखा सं./Panno. : Aaics 3545 F & आयकर अपीऱ सं./Ita No.15/Ctk/2014 (नििाारण वषा / Assessment Year :2009-2010) Aliza International (P) Ltd., Vs. Acit, Circle-1(2), Hig-19, Bda Housing Board Bhubaneswar Colony, Jaydev Vihar, Bhubaneswar-751013 स्थायी लेखा सं./Panno. : Aafca 9579 A (अऩीलाथी /Appellant) (प्रत्यथी / Respondent) .. आयकर अपीऱ सं./Ita No.16 & 17/Ctk/2014 (नििाारण वषा / Assessment Year :2008-2009 & 2009-2010) Yazdani International (P) Ltd., Vs. Acit, Circle-1(2), 7Th Floor, C-Wing, Bhubaneswar Fortune Tower, Bhubaneswar-751023 स्थायी लेखा सं./Panno. : Aaacy 2872 M (अऩीलाथी /Appellant) (प्रत्यथी / Respondent) ..

38,724/- on Fixed deposits maintained in the same bank from Sr No. 1933 to 1942 (Rs.50.001acs each) these serial nos. bears FD A/c No. DBD-3500064 to a/c no.DBD- 3500073(mentioned in para above). Thus assessee has earned total interest income to the tune of Rs. 44,16,138/- during the year. Subject to the above discussion, income

SAMAPIKA JENA,ANGUL vs. DCIT, CENTRAL CIRCLE, CUTTACK

In the result, all appeals of the assessee are allowed

Bench: Shri C.M. Garg, Jm & Shri L.P. Sahu, Am आयकर अपीऱ सं./Ita Nos.53 To 57/Ctk/2019 (नििाारण वषा / Ays. :2010-2011 & 2012-2013 To 2016-2017) Samapika Jena, Vs. Acit, Central Circle, Cuttack At-Plot No.3(P), Sector-1, Cda, Bidanasi, Cuttack-751014 स्थायी ऱेखा सं./Pan No. : Akepj 7080 P (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) .. यनधागररती की ओर से /Assessee By : Shri J.M.Pattnaik, Advocate राजस्व की ओर से /Revenue By : Shri Piyush Kolhe, Cit-Dr सुनवाई की तारीख / Date Of Hearing : 17/12/2019 घोषणा की तारीख/Date Of Pronouncement : 08/01/2020 आदेश / O R D E R Per Bench : These Are The Appeals Filed By The Assessee Against The Consolidated Order Of Cit(A)-2, Bhubaneswar, All Dated 30.11.2018 For The Assessment Years 2010-2011 To 2013-2014 & 2015-2016. 2. Since The Issues Involved In All The Appeals Are Identical To Each Other, Except Different In Figure, Therefore, With The Consent Of Both The Parties, All The Appeals Are Heard Analogously & Disposed Off By This Consolidated Order. For The Sake Of Convenience, We Shall Take Into Consideration The Facts & Grounds Mentioned In Ita No.53/Ctk/2019 For The Assessment Year 2010-2011 For Deciding All 2

38,540/-. A search and seizure action u/s.132 of the Act was conducted on 03.09.2015 in the business premises of companies at Cuttack and residential premises of the Directors at Cuttack and Bhubaneswar and Talcher. During the course of search, certain documents were found in the name of the assessee and there was a satisfaction to the AO that these

SAMAPIKA JENA,ANGUL vs. DCIT, CENTRAL CIRCLE, CUTTACK

In the result, all appeals of the assessee are allowed

Bench: Shri C.M. Garg, Jm & Shri L.P. Sahu, Am आयकर अपीऱ सं./Ita Nos.53 To 57/Ctk/2019 (नििाारण वषा / Ays. :2010-2011 & 2012-2013 To 2016-2017) Samapika Jena, Vs. Acit, Central Circle, Cuttack At-Plot No.3(P), Sector-1, Cda, Bidanasi, Cuttack-751014 स्थायी ऱेखा सं./Pan No. : Akepj 7080 P (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) .. यनधागररती की ओर से /Assessee By : Shri J.M.Pattnaik, Advocate राजस्व की ओर से /Revenue By : Shri Piyush Kolhe, Cit-Dr सुनवाई की तारीख / Date Of Hearing : 17/12/2019 घोषणा की तारीख/Date Of Pronouncement : 08/01/2020 आदेश / O R D E R Per Bench : These Are The Appeals Filed By The Assessee Against The Consolidated Order Of Cit(A)-2, Bhubaneswar, All Dated 30.11.2018 For The Assessment Years 2010-2011 To 2013-2014 & 2015-2016. 2. Since The Issues Involved In All The Appeals Are Identical To Each Other, Except Different In Figure, Therefore, With The Consent Of Both The Parties, All The Appeals Are Heard Analogously & Disposed Off By This Consolidated Order. For The Sake Of Convenience, We Shall Take Into Consideration The Facts & Grounds Mentioned In Ita No.53/Ctk/2019 For The Assessment Year 2010-2011 For Deciding All 2

38,540/-. A search and seizure action u/s.132 of the Act was conducted on 03.09.2015 in the business premises of companies at Cuttack and residential premises of the Directors at Cuttack and Bhubaneswar and Talcher. During the course of search, certain documents were found in the name of the assessee and there was a satisfaction to the AO that these

SAMAPIKA JENA,ANGUL vs. DCIT, CENTRAL CIRCLE, CUTTACK

In the result, all appeals of the assessee are allowed

Bench: Shri C.M. Garg, Jm & Shri L.P. Sahu, Am आयकर अपीऱ सं./Ita Nos.53 To 57/Ctk/2019 (नििाारण वषा / Ays. :2010-2011 & 2012-2013 To 2016-2017) Samapika Jena, Vs. Acit, Central Circle, Cuttack At-Plot No.3(P), Sector-1, Cda, Bidanasi, Cuttack-751014 स्थायी ऱेखा सं./Pan No. : Akepj 7080 P (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) .. यनधागररती की ओर से /Assessee By : Shri J.M.Pattnaik, Advocate राजस्व की ओर से /Revenue By : Shri Piyush Kolhe, Cit-Dr सुनवाई की तारीख / Date Of Hearing : 17/12/2019 घोषणा की तारीख/Date Of Pronouncement : 08/01/2020 आदेश / O R D E R Per Bench : These Are The Appeals Filed By The Assessee Against The Consolidated Order Of Cit(A)-2, Bhubaneswar, All Dated 30.11.2018 For The Assessment Years 2010-2011 To 2013-2014 & 2015-2016. 2. Since The Issues Involved In All The Appeals Are Identical To Each Other, Except Different In Figure, Therefore, With The Consent Of Both The Parties, All The Appeals Are Heard Analogously & Disposed Off By This Consolidated Order. For The Sake Of Convenience, We Shall Take Into Consideration The Facts & Grounds Mentioned In Ita No.53/Ctk/2019 For The Assessment Year 2010-2011 For Deciding All 2

38,540/-. A search and seizure action u/s.132 of the Act was conducted on 03.09.2015 in the business premises of companies at Cuttack and residential premises of the Directors at Cuttack and Bhubaneswar and Talcher. During the course of search, certain documents were found in the name of the assessee and there was a satisfaction to the AO that these

SAMAPIKA JENA,ANGUL vs. DCIT, CENTRAL CIRCLE, CUTTACK

In the result, all appeals of the assessee are allowed

Bench: Shri C.M. Garg, Jm & Shri L.P. Sahu, Am आयकर अपीऱ सं./Ita Nos.53 To 57/Ctk/2019 (नििाारण वषा / Ays. :2010-2011 & 2012-2013 To 2016-2017) Samapika Jena, Vs. Acit, Central Circle, Cuttack At-Plot No.3(P), Sector-1, Cda, Bidanasi, Cuttack-751014 स्थायी ऱेखा सं./Pan No. : Akepj 7080 P (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) .. यनधागररती की ओर से /Assessee By : Shri J.M.Pattnaik, Advocate राजस्व की ओर से /Revenue By : Shri Piyush Kolhe, Cit-Dr सुनवाई की तारीख / Date Of Hearing : 17/12/2019 घोषणा की तारीख/Date Of Pronouncement : 08/01/2020 आदेश / O R D E R Per Bench : These Are The Appeals Filed By The Assessee Against The Consolidated Order Of Cit(A)-2, Bhubaneswar, All Dated 30.11.2018 For The Assessment Years 2010-2011 To 2013-2014 & 2015-2016. 2. Since The Issues Involved In All The Appeals Are Identical To Each Other, Except Different In Figure, Therefore, With The Consent Of Both The Parties, All The Appeals Are Heard Analogously & Disposed Off By This Consolidated Order. For The Sake Of Convenience, We Shall Take Into Consideration The Facts & Grounds Mentioned In Ita No.53/Ctk/2019 For The Assessment Year 2010-2011 For Deciding All 2

38,540/-. A search and seizure action u/s.132 of the Act was conducted on 03.09.2015 in the business premises of companies at Cuttack and residential premises of the Directors at Cuttack and Bhubaneswar and Talcher. During the course of search, certain documents were found in the name of the assessee and there was a satisfaction to the AO that these

SAMAPIKA JENA,ANGUL vs. DCIT, CENTRAL CIRCLE, CUTTACK

In the result, all appeals of the assessee are allowed

Bench: Shri C.M. Garg, Jm & Shri L.P. Sahu, Am आयकर अपीऱ सं./Ita Nos.53 To 57/Ctk/2019 (नििाारण वषा / Ays. :2010-2011 & 2012-2013 To 2016-2017) Samapika Jena, Vs. Acit, Central Circle, Cuttack At-Plot No.3(P), Sector-1, Cda, Bidanasi, Cuttack-751014 स्थायी ऱेखा सं./Pan No. : Akepj 7080 P (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) .. यनधागररती की ओर से /Assessee By : Shri J.M.Pattnaik, Advocate राजस्व की ओर से /Revenue By : Shri Piyush Kolhe, Cit-Dr सुनवाई की तारीख / Date Of Hearing : 17/12/2019 घोषणा की तारीख/Date Of Pronouncement : 08/01/2020 आदेश / O R D E R Per Bench : These Are The Appeals Filed By The Assessee Against The Consolidated Order Of Cit(A)-2, Bhubaneswar, All Dated 30.11.2018 For The Assessment Years 2010-2011 To 2013-2014 & 2015-2016. 2. Since The Issues Involved In All The Appeals Are Identical To Each Other, Except Different In Figure, Therefore, With The Consent Of Both The Parties, All The Appeals Are Heard Analogously & Disposed Off By This Consolidated Order. For The Sake Of Convenience, We Shall Take Into Consideration The Facts & Grounds Mentioned In Ita No.53/Ctk/2019 For The Assessment Year 2010-2011 For Deciding All 2

38,540/-. A search and seizure action u/s.132 of the Act was conducted on 03.09.2015 in the business premises of companies at Cuttack and residential premises of the Directors at Cuttack and Bhubaneswar and Talcher. During the course of search, certain documents were found in the name of the assessee and there was a satisfaction to the AO that these

JAGADISH LAL GUGNANI,BHUBANESWAR vs. ITO, BHUBANESWAR

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

Bench: S/Shri N.S Saini & Pavan Kumar Gadaleassessment Year : 2006-07

penalty of Rs.1,23,796/- u/s. 271(1)(c) of the Income tax Act, 1961. 3. Brief facts of the case are that the assessee is an individual derives income from trading of shares & stocks and filed the return of income for Asse ssment Year : 20 06- 07 the assessment year 2006-07 on 30.10.2006 disclosing total income of Rs.97

M/S. VINAYAK AGRO INDUSTRIES,ROURKELA vs. ITO WARD-4, ROURKELA

In the result, both appeals of the assessee are partly allowed for statistical purposes

penalty proceeding under Section 271 (1 )(c) of the Act. 1.11. The Assessment Order dated 30-12-2019 passed by Ld .ITO was carried the matter before Ld. CIT(Appeals) by the Appellant contending inter alia that: (i) There is no material to form a reasonable belief. Entire proceeding initiated is based on borrowed satisfaction i.e. on the basis

M/S. VINAYAK AGRO INDUSTRIES,ROURKELA vs. ITO WARD-4, ROURKELA

In the result, both appeals of the assessee are partly allowed for statistical purposes

penalty proceeding under Section 271 (1 )(c) of the Act. 1.11. The Assessment Order dated 30-12-2019 passed by Ld .ITO was carried the matter before Ld. CIT(Appeals) by the Appellant contending inter alia that: (i) There is no material to form a reasonable belief. Entire proceeding initiated is based on borrowed satisfaction i.e. on the basis

M/S. ALTRADE MINERALS PVT. LIMITED,ROURKELA vs. ACIT,CENTRAL CIRCLE, SAMBALPUR, SAMBALPUR

In the result, appeal of the assessee is partly allowed

Bench: Before Shri George Mathanmember & Manish Agarwal Manish Agarwalassessment Year : 2011-12 M/S. Altrade Minerals Pvt /S. Altrade Minerals Pvt Vs. Asst. Asst. Commissioner Commissioner Of Of Ltd., C/O. Kadmawala & Co., C/O. Kadmawala & Co., Income Tax, Central Circle, Income Tax, Central Circle, C.A., C.A., Budhram Budhram Oram Oram Sambalpur Market, Market, Kachery Kachery Road, Road, Rourkela. Pan/Gir No. No.Aafca 7136 F (Appellant (Appellant) .. ( Respondent Respondent) Assessee By : Shri M.R.Sahu, Ca Revenue By : Shri S.C.Mohanty, Sr Dr : Shri S.C.Mohanty, Sr Dr Date Of Hearing : 16/12/20 2024 Date Of Pronouncement : 16/12/20 024

38 | 63 ITA No.65/CTK /2023 Assessment Year : 2011-12 consciously the Tribunal called for the records of search. This action of the Tribunal seemed to be unjust. In the fact situation, the Tribunal has to decide the matter in the light of the legal position highlighted above after verifying the records with regard to the stand taken by the assessee

KOTHAKOTA RAMA RAO,RAYAGADA vs. ACIT, CENTRAL CIRCLE-1, BHUBANESWAR

In the result, appeals of the assessee i

Bench: Shri C.M. Garg, Jm & Shri L.P. Sahu, Am आयकर अऩीऱ (तऱाशियाां और अशिग्रहण)सं./Ita No.132/Ctk/2018 (नििाारण वषा / Assessment Year :2013-2014) Kothakota Rama Rao, Vs. Acit, Central Circle-1, Kothapeta, Rayagada, Bhubaneswar District-Rayagada Pan No. : Aeppk 1600 P & आयकर अऩीऱ सं./Ita Nos.19&20/Ctk/2019 & Ita No.386/Ctk/2018 (नििाारण वषा / Assessment Year :2014-15, 2015-16 & 2016-17) Kothakota Rama Rao, Vs. Acit, Central Circle-1, Kothapeta, Rayagada, Bhubaneswar District-Rayagada Pan No. : Aeppk 1600 P (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) .. ननधााररती की ओर से /Assessee By : Shri P.K.Mishra, Advocate राजस्व की ओर से /Revenue By : Shri M.K.Gautam, Citdr सुनवाई की तारीख / Date Of Hearing : 15/07/2020 घोषणा की तारीख/Date Of Pronouncement : 31/08/2020 आदेश / O R D E R Per L.P.Sahu, Am: These Are The Appeals Filed By The Assessee Against The Separate Orders Of Cit(A)-2, Bhubaneswar, Dated 11.09.2018 & 29.08.2018 For Assessment Years 2013-2014, 2014-2015, 2015-2016 & 2016-2017. 2. Since, Similar Issues Have Been Raised In All The Appeals, Therefore, For The Sake Of Convenience & Brevity, We Shall Decide The Appeal Of The Assessee For A.Y.2013-2014 In It(Ss)A No.132/Ctk/2018 After Taking Into Consideration The Grounds & Facts Mentioned

271(l)(a)(i). If we find that language to be ambiguous or capable of more meanings than one, then we have to adopt that interpretation which favours the assessee, more particularly so because the provision relates to imposition of penalty. " The proposition which was laid down by this Court was that if two reasonable constructions of taxing statute

KOTHAKOTA RAMA RAO,RAYAGADA vs. ACIT, CENTRAL CIRCLE-1, BHUBANESWAR

In the result, appeals of the assessee i

Bench: Shri C.M. Garg, Jm & Shri L.P. Sahu, Am आयकर अऩीऱ (तऱाशियाां और अशिग्रहण)सं./Ita No.132/Ctk/2018 (नििाारण वषा / Assessment Year :2013-2014) Kothakota Rama Rao, Vs. Acit, Central Circle-1, Kothapeta, Rayagada, Bhubaneswar District-Rayagada Pan No. : Aeppk 1600 P & आयकर अऩीऱ सं./Ita Nos.19&20/Ctk/2019 & Ita No.386/Ctk/2018 (नििाारण वषा / Assessment Year :2014-15, 2015-16 & 2016-17) Kothakota Rama Rao, Vs. Acit, Central Circle-1, Kothapeta, Rayagada, Bhubaneswar District-Rayagada Pan No. : Aeppk 1600 P (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) .. ननधााररती की ओर से /Assessee By : Shri P.K.Mishra, Advocate राजस्व की ओर से /Revenue By : Shri M.K.Gautam, Citdr सुनवाई की तारीख / Date Of Hearing : 15/07/2020 घोषणा की तारीख/Date Of Pronouncement : 31/08/2020 आदेश / O R D E R Per L.P.Sahu, Am: These Are The Appeals Filed By The Assessee Against The Separate Orders Of Cit(A)-2, Bhubaneswar, Dated 11.09.2018 & 29.08.2018 For Assessment Years 2013-2014, 2014-2015, 2015-2016 & 2016-2017. 2. Since, Similar Issues Have Been Raised In All The Appeals, Therefore, For The Sake Of Convenience & Brevity, We Shall Decide The Appeal Of The Assessee For A.Y.2013-2014 In It(Ss)A No.132/Ctk/2018 After Taking Into Consideration The Grounds & Facts Mentioned

271(l)(a)(i). If we find that language to be ambiguous or capable of more meanings than one, then we have to adopt that interpretation which favours the assessee, more particularly so because the provision relates to imposition of penalty. " The proposition which was laid down by this Court was that if two reasonable constructions of taxing statute