M/S. PRAMOD KUMAR ROUT,CUTTACK vs. ACIT, CENTRAL CIRCLE, CUTTACK

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

271 and not 271AAB. In this respect, the copy of notice has been produced by the Ld. A.R. before me. It is seen that the Ld. A.R. is correct in observing that the section of penalty has not been correctly mentioned by the AO in the caption. However, the AO will get the benefit of section 292BB of the Income

M/S. PASUPATI BREEDING FARM PVT. LTD.,CUTTACK vs. ACIT, CENTRAL CIRCLE, CUTTACK

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

271 and not 271AAB. In this respect, the copy of notice has been produced by the Ld. A.R. before me. It is seen that the Ld. A.R. is correct in observing that the section of penalty has not been correctly mentioned by the AO in the caption. However, the AO will get the benefit of section 292BB of the Income

M/S. PRAGATI MILK PRODUCT PVT. LTD.,CUTTACK vs. ACIT, CENTRAL CIRCLE, CUTTACK

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

271 and not 271AAB. In this respect, the copy of notice has been produced by the Ld. A.R. before me. It is seen that the Ld. A.R. is correct in observing that the section of penalty has not been correctly mentioned by the AO in the caption. However, the AO will get the benefit of section 292BB of the Income

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

44,36,000/- and R. K. Das has invested Rs. 67,00,000/- Both the R. K. Das, who is the Chairman-cum-Managing Director of appellant company and Managing Director of RKDCPL have 89,31% of total share. In Both the company the Managing Director is common. The cheque signing lies with MD of both companies. The entire finance

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

44,36,000/- and R. K. Das has invested Rs. 67,00,000/- Both the R. K. Das, who is the Chairman-cum-Managing Director of appellant company and Managing Director of RKDCPL have 89,31% of total share. In Both the company the Managing Director is common. The cheque signing lies with MD of both companies. The entire finance

DCIT, BHUBANESWAR vs. M/S. G.V.V.CONSTRUCTIONS PVT. LTD., BHUBANESWAR

Appeal of the revenue are dismissed and the appeal of the revenue is dismissed

Bench: Shri N.S.Saini, Am & Shri Pavan Kumar Gadale, Jm आयकर अपील सं./Ita No.297/Ctk/2015 (धनधाारण वषा / Assessment Year :2010-2011) Dcit, Corporate Circle-1(1), Vs. M/S G.V.V. Constructions Bhubaneswar Pvt. Ltd., Plot No.358, Saheed Nagar, Bhubaneswar-751007 स्थायी लेखा सं./जीआइआर सं./ Pan/Gir No. : Aaccg 3649 Q (अपीलाथी /Appellant) .. (प्रत्यथी / Respondent) & Cross Objection No.36/Ctk/2015 (निर्धारण वर्ा / Assessment Year :2010-2011) M/S G.V.V.Constructions Vs. Dcit, Corporate Circle-1(1), Pvt. Ltd., Plot No.358, Bhubaneswar Saheed Nagar, Bhubaneswar-751007 स्थायी लेखा सं./जीआइआर सं./ Pan/Gir No. : Aaccg 3649 Q (अपीलाथी /Appellant) (प्रत्यथी / Respondent) .. राजस्व की ओर से /Revenue By : Shri D.K.Pradhan, Citdr धनधााररती की ओर से /Assessee By : None सुनवाई की तारीख / Date Of Hearing : 03/08/2017 घोषणा की तारीख/Date Of Pronouncement 09/08/2017 आदेश / O R D E R Per Shri Pavan Kumar Gadale, Jm: The Revenue Has Filed An Appeal & The Assessee Has Filed Cross Objection Against The Order Of Cit(A)-2, Bhubaneswar In I.T.Appeal No.0593/2013-14, Dated 9-3-2015, Passed U/S.271(1)(C) & 250 Of The Act. 2. None Appeared On Behalf Of The Assessee When The Matter Was Called For Hearing. Hence, We Proceed To Dispose Off The Appeal On The Basis Of Material Available On Record & The Submissions Of Ld. Dr. 3. We Take Up The Revenue’S Appeal In Ita No.297/Ctk/2015, Wherein The Revenue Has Raised The Following Grounds :-

44,632/- in the profit and loss account and since there is no evidence submitted in support of claim, further the AO found that the assessee has recurring deposits with the Indian Overseas Bank and interest income of Rs.2,26,127/- was not disclosed in the income computation and further the AO was not satisfied with the explanations that

M/S. SHREE SAI ENTERPRISES,BHUBANESWAR vs. ADDL. CIT, RANGE-4, BHUBANESWAR

In the result, appeal of the assessee is allowed

Bench: Shri Chandra Mohan Gargassessment Year: 2014-2015

u/s. 143(2) & 142(1) of the Act were issued to the assessee. In response to the same, Id. AR appeared and case of the assessee was discussed. Thereafter the AO completed the assessment making various additions. The Assessing Officer noticed that the assessee has accepted cash loan amounting to Rs.9,74,499/- from various person in violation of provisions

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) ..

44,16,138/- Total income Rs.6,94,16,138/- or Rs.6,94,16,140/- ============= Tax on total income : 2,07,73,842 Add: Surcharge : 20,77,384 2,28,51,226 EC+SHEC 6,85,537 [4,57,025+2,28,512] Total tax 2,35,36,763 Add: Interest u/s.234A – 21,18,309 Interest u/s.234B – 77,67,132 Interest

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) ..

44,16,138/- Total income Rs.6,94,16,138/- or Rs.6,94,16,140/- ============= Tax on total income : 2,07,73,842 Add: Surcharge : 20,77,384 2,28,51,226 EC+SHEC 6,85,537 [4,57,025+2,28,512] Total tax 2,35,36,763 Add: Interest u/s.234A – 21,18,309 Interest u/s.234B – 77,67,132 Interest

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) ..

44,16,138/- Total income Rs.6,94,16,138/- or Rs.6,94,16,140/- ============= Tax on total income : 2,07,73,842 Add: Surcharge : 20,77,384 2,28,51,226 EC+SHEC 6,85,537 [4,57,025+2,28,512] Total tax 2,35,36,763 Add: Interest u/s.234A – 21,18,309 Interest u/s.234B – 77,67,132 Interest

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) ..

44,16,138/- Total income Rs.6,94,16,138/- or Rs.6,94,16,140/- ============= Tax on total income : 2,07,73,842 Add: Surcharge : 20,77,384 2,28,51,226 EC+SHEC 6,85,537 [4,57,025+2,28,512] Total tax 2,35,36,763 Add: Interest u/s.234A – 21,18,309 Interest u/s.234B – 77,67,132 Interest

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) ..

44,16,138/- Total income Rs.6,94,16,138/- or Rs.6,94,16,140/- ============= Tax on total income : 2,07,73,842 Add: Surcharge : 20,77,384 2,28,51,226 EC+SHEC 6,85,537 [4,57,025+2,28,512] Total tax 2,35,36,763 Add: Interest u/s.234A – 21,18,309 Interest u/s.234B – 77,67,132 Interest

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) ..

44,16,138/- Total income Rs.6,94,16,138/- or Rs.6,94,16,140/- ============= Tax on total income : 2,07,73,842 Add: Surcharge : 20,77,384 2,28,51,226 EC+SHEC 6,85,537 [4,57,025+2,28,512] Total tax 2,35,36,763 Add: Interest u/s.234A – 21,18,309 Interest u/s.234B – 77,67,132 Interest

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) ..

44,16,138/- Total income Rs.6,94,16,138/- or Rs.6,94,16,140/- ============= Tax on total income : 2,07,73,842 Add: Surcharge : 20,77,384 2,28,51,226 EC+SHEC 6,85,537 [4,57,025+2,28,512] Total tax 2,35,36,763 Add: Interest u/s.234A – 21,18,309 Interest u/s.234B – 77,67,132 Interest

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) ..

44,16,138/- Total income Rs.6,94,16,138/- or Rs.6,94,16,140/- ============= Tax on total income : 2,07,73,842 Add: Surcharge : 20,77,384 2,28,51,226 EC+SHEC 6,85,537 [4,57,025+2,28,512] Total tax 2,35,36,763 Add: Interest u/s.234A – 21,18,309 Interest u/s.234B – 77,67,132 Interest

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

SAI SIMRAN INFRATECH PRIVATE LIMITED,BHUBANESWAR vs. INCOME TAX OFFICER,WARD-1(1), BHUBANESWAR,ODISHA

In the result, all the four appeals of the assessee are allowed

44,600 on which the income was recognised under the completed contract method, which had been accounted for in the financial statements of the assessee and also discharge the due tax liability, therefore the additions of Rs.5,56,94,020 is liable to be deleted. 4. That, the Ld. Commissioner of Income Tax (Appeals) is wrong in confirming the additions

SAI SIMRAN INFRATECH PRIVATE LIMITED,BHUBANESWAR,ODISHA vs. INCOME TAX OFFICER,WARD-1(1), BHUBANESWAR

In the result, all the four appeals of the assessee are allowed

44,600 on which the income was recognised under the completed contract method, which had been accounted for in the financial statements of the assessee and also discharge the due tax liability, therefore the additions of Rs.5,56,94,020 is liable to be deleted. 4. That, the Ld. Commissioner of Income Tax (Appeals) is wrong in confirming the additions