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

penalty proceedings under section 271(1)(c) for the assessment year 2006- 07 is also set aside and quashed. The application being G. A. No. 81 of 2010 is also allowed. 11. No order as to costs. [Copy Enclosed CLPB-2.Pg.Nos. P a g e 47 | 63 ITA No.65/CTK /2023 Assessment Year : 2011-12 (H').TIME LIMIT SPECIFIED U/S.124

THE KORAPUT CENTRAL COOPERATIVE BANK LTD,JEYPORE, KORAPUT vs. ACIT,CIRCLE-1(1), SAMBALPUR

In the result, appeal of the assessee is allowed

u/s 143(3) r.w.s. 263 of the Act, on 29.09.2021 assessing the total income at Rs. 14,80,76,031/-. 3. In the order passed u/s.143(3) r.w.s.263 of the Act, dated 29.09.2021, the AO initiated the penalty proceedings u/s.271(1)(c) of the Act and had levied penalty vide order dated 30.03.2022 at Rs.4,53,85,623/- being

DEPUTY COMMISSIONER OF INCOME TAX, CENTAL CIRCLE, SAMBALPUR vs. SMT. INDRANI PATNAIK, ROURKELA

In the result, all the four appeals of the Revenue are dismissed

penalties were levied by the ACIT,\nRourkela Circle u/s 271(1)(c) of the Act vide even dated 30.09.2016\nfor A.Ys. 2009-10 & 2010-11.\n2. At the outset, we observe from the appeal folder that there is a delay\nof 4 days in filing the appeal by the department and in support of this\na condonation petition was filed

DEPUTY COMMISSIONER OF INCOME TAX, CENTAL CIRCLE, SAMBALPUR vs. SMT. INDRANI PATNAIK, ROURKELA

In the result, all the four appeals of the Revenue are dismissed

penalties were levied by the ACIT,\nRourkela Circle u/s 271(1)(c) of the Act vide even dated 30.09.2016\nfor A.Ys. 2009-10 & 2010-11.\n2. At the outset, we observe from the appeal folder that there is a delay\nof 4 days in filing the appeal by the department and in support of this\na condonation petition was filed

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, SAMBALPUR vs. SMT. INDRANI PATNAIK, ROURKELA

In the result, all the four appeals of the Revenue are dismissed

penalties were levied by the ACIT,\nRourkela Circle u/s 271(1)(c) of the Act vide even dated 30.09.2016\nfor A.Ys. 2009-10 & 2010-11.\n2. At the outset, we observe from the appeal folder that there is a delay\nof 4 days in filing the appeal by the department and in support of this\na condonation petition was filed

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, SAMBALPUR vs. SMT. INDRANI PATNAIK, ROURKELA

In the result, all the four appeals of the Revenue are dismissed

penalties were levied by the ACIT,\nRourkela Circle u/s 271(1)(c) of the Act vide even dated 30.09.2016\nfor A.Ys. 2009-10 & 2010-11.\n2. At the outset, we observe from the appeal folder that there is a delay\nof 4 days in filing the appeal by the department and in support of this\na condonation petition was filed

PRAFULLA KUMAR ROUTRAY,BHUBANESWAR vs. ACIT, INTERNATIONAL TAXATION, BHUBANESWAR, BHUBANESWAR

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

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishra

143(3) of the Act, dated 06.05.2020. 2. The assessee is in appeal before the Tribunal raising the following grounds of appeal: “1. For that order dated 08.01.2025 as passed under Section 250 of the I.T. Act, 1961 by the Commissioner of Income Tax (Appeals) Kolkata-22 hereinafter referred to as the ‘learned CIT(Appeals)’ dismissing the appeal

DCIT CENTRAL CIRCLE-2, BHUBANESWAR vs. M/S. HOTEL SUKHAMAYA PVT. LTD, BHUBANESWAR

In the result, all the three appeals of the Revenue are dismissed

143(3) of the Act. Further, there was no finding of the appellate authority that the transaction in breach of the aforesaid provisions made by the assessee was mala fide and with the sole object to conceal money. Consequently, penalty imposed under section 271D merely on technical mistake committed by the assessee, which had not resulted in any loss

DCIT CENTRAL CIRCLE-2, BHUBANESWAR vs. M/S. HOTEL SUKHAMAYA PVT. LTD, BHUBANESWAR

In the result, all the three appeals of the Revenue are dismissed

143(3) of the Act. Further, there was no finding of the appellate authority that the transaction in breach of the aforesaid provisions made by the assessee was mala fide and with the sole object to conceal money. Consequently, penalty imposed under section 271D merely on technical mistake committed by the assessee, which had not resulted in any loss

ORISSA STATE CO-OPERATIVE HANDICRAFTS CORPORATION LIMITED,BHUBANESWAR vs. DCIT,CIRCLE-1(1), BHUBANESWAR

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

Bench: Shri George Mathan & Shri Rajesh Kumar

penalty u/s.272A(1)(d) of the Act. 6. ITA No.504/CTK/2025 is an appeal filed by the assessee against the order dated 20.8.2025 passed by ld CIT(A), NFAC, Delhi in Appeal No.CIT(A),NFAC/2021-22/10384315 for the assessment year 2022-23 in the matter of assessment u/s.144 of the Act. 7. Shri P.R.Mohanty, ld AR appeared for the assessee and Shri

ORISSA STATE CO-OPERATIVE HANDICRAFTS CORPORATION LIMITED,BHUBANESWAR vs. DCIT,CIRCLE-1(1), BHUBANESWAR

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

Bench: Shri George Mathan & Shri Rajesh Kumar

penalty u/s.272A(1)(d) of the Act. 6. ITA No.504/CTK/2025 is an appeal filed by the assessee against the order dated 20.8.2025 passed by ld CIT(A), NFAC, Delhi in Appeal No.CIT(A),NFAC/2021-22/10384315 for the assessment year 2022-23 in the matter of assessment u/s.144 of the Act. 7. Shri P.R.Mohanty, ld AR appeared for the assessee and Shri

ORISSA STATE CO-OPERATIVE HANDICRAFTS CORPORATION LIMITED,BHUBANESWAR vs. DCIT,CIRCLE-1(1), BHUBANESWAR

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

Bench: Shri George Mathan & Shri Rajesh Kumar

penalty u/s.272A(1)(d) of the Act. 6. ITA No.504/CTK/2025 is an appeal filed by the assessee against the order dated 20.8.2025 passed by ld CIT(A), NFAC, Delhi in Appeal No.CIT(A),NFAC/2021-22/10384315 for the assessment year 2022-23 in the matter of assessment u/s.144 of the Act. 7. Shri P.R.Mohanty, ld AR appeared for the assessee and Shri

ORISSA STATE CO-OPERATIVE HANDICRAFTS CORPORATION LIMITED,BHUBANESWAR vs. DCIT,CIRCLE-1(1), BHUBANESWAR

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

Bench: Shri George Mathan & Shri Rajesh Kumar

penalty u/s.272A(1)(d) of the Act. 6. ITA No.504/CTK/2025 is an appeal filed by the assessee against the order dated 20.8.2025 passed by ld CIT(A), NFAC, Delhi in Appeal No.CIT(A),NFAC/2021-22/10384315 for the assessment year 2022-23 in the matter of assessment u/s.144 of the Act. 7. Shri P.R.Mohanty, ld AR appeared for the assessee and Shri

ORISSA STATE CO-OPERATIVE HANDICRAFTS CORPORATION LIMITED,BHUBANESWAR vs. DCIT,CIRCLE-1(1), BHUBANESWAR

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

Bench: Shri George Mathan & Shri Rajesh Kumar

penalty u/s.272A(1)(d) of the Act. 6. ITA No.504/CTK/2025 is an appeal filed by the assessee against the order dated 20.8.2025 passed by ld CIT(A), NFAC, Delhi in Appeal No.CIT(A),NFAC/2021-22/10384315 for the assessment year 2022-23 in the matter of assessment u/s.144 of the Act. 7. Shri P.R.Mohanty, ld AR appeared for the assessee and Shri

ORISSA STATE CO-OPERATIVE HANDICRAFTS CORPORATION LIMITED,BHUBANESWAR vs. DCIT,CIRCLE-1(1), BHUBANESWAR

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

Bench: Shri George Mathan & Shri Rajesh Kumar

penalty u/s.272A(1)(d) of the Act. 6. ITA No.504/CTK/2025 is an appeal filed by the assessee against the order dated 20.8.2025 passed by ld CIT(A), NFAC, Delhi in Appeal No.CIT(A),NFAC/2021-22/10384315 for the assessment year 2022-23 in the matter of assessment u/s.144 of the Act. 7. Shri P.R.Mohanty, ld AR appeared for the assessee and Shri

ORISSA STATE CO-OPERATIVE HANDICRAFTS CORPORATION LIMITED,BHUBANESWAR vs. DCIT,CIRCLE-1(1), BHUBANESWAR

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

Bench: Shri George Mathan & Shri Rajesh Kumar

penalty u/s.272A(1)(d) of the Act. 6. ITA No.504/CTK/2025 is an appeal filed by the assessee against the order dated 20.8.2025 passed by ld CIT(A), NFAC, Delhi in Appeal No.CIT(A),NFAC/2021-22/10384315 for the assessment year 2022-23 in the matter of assessment u/s.144 of the Act. 7. Shri P.R.Mohanty, ld AR appeared for the assessee and Shri

ORISSA STATE CO-OPERATIVE HANDICRAFTS CORPORATION LIMITED,BHUBANESWAR vs. DCIT,CIRCLE-1(1), , BHUBANEWSWAR

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

Bench: Shri George Mathan & Shri Rajesh Kumar

penalty u/s.272A(1)(d) of the Act. 6. ITA No.504/CTK/2025 is an appeal filed by the assessee against the order dated 20.8.2025 passed by ld CIT(A), NFAC, Delhi in Appeal No.CIT(A),NFAC/2021-22/10384315 for the assessment year 2022-23 in the matter of assessment u/s.144 of the Act. 7. Shri P.R.Mohanty, ld AR appeared for the assessee and Shri

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

U/s 143(3)/Sec.147/Sec.263 of the Act determining total income of Rs.11,26,350/- on the basis of incomparable turnover of the giant companies in a perfunctory and ad hoc manner. The Ld. AO also initiated penalty proceeding under Section 271 (1

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

U/s 143(3)/Sec.147/Sec.263 of the Act determining total income of Rs.11,26,350/- on the basis of incomparable turnover of the giant companies in a perfunctory and ad hoc manner. The Ld. AO also initiated penalty proceeding under Section 271 (1