ACIT, BHUBANESWAR vs. INDIAN METALS & FERRO ALLOYS LTD, BHUBANESWAR

In the result, the appeals of the assessee are allowed and the

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

section 195(1), (2) & (3) are attracted in respect of a transaction on the basis of the very same materials, which were available before the Assessing Officer at the time of making original assessment will empower the Assessing Officer to reopen the assessment even in absence of fresh tangible material. In our considered view, it is contrary to the above

INDIAN METALS AND FERRO ALLOY LTD,BHUBANESWAR vs. ACIT, BHUBANESWAR

In the result, the appeals of the assessee are allowed and the

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

section 195(1), (2) & (3) are attracted in respect of a transaction on the basis of the very same materials, which were available before the Assessing Officer at the time of making original assessment will empower the Assessing Officer to reopen the assessment even in absence of fresh tangible material. In our considered view, it is contrary to the above

BASUKINATH BUILDERS PVT. LTD.,SUNDARGARH vs. PRINCIPAL CIT(CENTRAL), VISAKHAPATNAM

In the result, appeal of the assessee is allowed

reassessment and which are in force on the date of initiation of the search or making of the requisition. The assessee was engaged in the operation of a container freight station. It claimed deduction under section 80-IA(4) producing a certificate dated July 13, 2006, from the Jawaharlal Nehru Port Trust Nhava Sheva declaring that the assessee was considered

BASUKINATH LOGISTICS PVT. LTD,SUNDARGARH vs. PRINCIPAL CIT(CENTRAL), VISAKHAPATNAM

In the result, appeal of the assessee is allowed

reassessment and which are in force on the date of initiation of the search or making of the requisition. The assessee was engaged in the operation of a container freight station. It claimed deduction under section 80-IA(4) producing a certificate dated July 13, 2006, from the Jawaharlal Nehru Port Trust Nhava Sheva declaring that the assessee was considered

ROLAND INSTITUTE OF PHARMACEUTICAL SCIENCES,GANJAM vs. CHEIF CIT, BHUBANESWAR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

22,54,379/-, totalling to Rs. 34,24,272/-. and also disallowed excess claim of depreciation on laboratory equipments of Rs. :- 41 -: ITA No. 368/CTK/2019 and others Roland Educational & Charitable Trust, Berahampur 2,58,180/-, furniture of Rs. 23,734/- and computers of Rs. 1,34,580/- totalling to Rs. 3,94,494/- 11. Aggrieved, the assessee preferred appeal

RONALD EDUCATIONAL & CHARITABLE TRUST,GANJAM vs. CHEIF CIT, BHUBANESWAR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

22,54,379/-, totalling to Rs. 34,24,272/-. and also disallowed excess claim of depreciation on laboratory equipments of Rs. :- 41 -: ITA No. 368/CTK/2019 and others Roland Educational & Charitable Trust, Berahampur 2,58,180/-, furniture of Rs. 23,734/- and computers of Rs. 1,34,580/- totalling to Rs. 3,94,494/- 11. Aggrieved, the assessee preferred appeal

ROLAND INSTITUTE OF PHARMACEUTICAL SCIENCES,GANJAM vs. CHEIF CIT, BHUBANESWAR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

22,54,379/-, totalling to Rs. 34,24,272/-. and also disallowed excess claim of depreciation on laboratory equipments of Rs. :- 41 -: ITA No. 368/CTK/2019 and others Roland Educational & Charitable Trust, Berahampur 2,58,180/-, furniture of Rs. 23,734/- and computers of Rs. 1,34,580/- totalling to Rs. 3,94,494/- 11. Aggrieved, the assessee preferred appeal

ROLAND EDUCATIONAL & CHARITABLE TRUST,GANJAM vs. CHEIF CIT, BHUBANESWAR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

22,54,379/-, totalling to Rs. 34,24,272/-. and also disallowed excess claim of depreciation on laboratory equipments of Rs. :- 41 -: ITA No. 368/CTK/2019 and others Roland Educational & Charitable Trust, Berahampur 2,58,180/-, furniture of Rs. 23,734/- and computers of Rs. 1,34,580/- totalling to Rs. 3,94,494/- 11. Aggrieved, the assessee preferred appeal

ROLAND EDUCATIONAL & CHARITABLE TRUST,GANJAM vs. CHEIF CIT, BHUBANESWAR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

22,54,379/-, totalling to Rs. 34,24,272/-. and also disallowed excess claim of depreciation on laboratory equipments of Rs. :- 41 -: ITA No. 368/CTK/2019 and others Roland Educational & Charitable Trust, Berahampur 2,58,180/-, furniture of Rs. 23,734/- and computers of Rs. 1,34,580/- totalling to Rs. 3,94,494/- 11. Aggrieved, the assessee preferred appeal

ROLAND EDUCATIONAL & CHARITABLE TRUST,GANJAM vs. CHEIF CIT, BHUBANESWAR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

22,54,379/-, totalling to Rs. 34,24,272/-. and also disallowed excess claim of depreciation on laboratory equipments of Rs. :- 41 -: ITA No. 368/CTK/2019 and others Roland Educational & Charitable Trust, Berahampur 2,58,180/-, furniture of Rs. 23,734/- and computers of Rs. 1,34,580/- totalling to Rs. 3,94,494/- 11. Aggrieved, the assessee preferred appeal

ROLAND EDUCATIONAL & CHARITABLE TRUST,BERHAMPUR vs. DCIT, BERHAMPUR CIRCLE, BERHAMPUR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

22,54,379/-, totalling to Rs. 34,24,272/-. and also disallowed excess claim of depreciation on laboratory equipments of Rs. :- 41 -: ITA No. 368/CTK/2019 and others Roland Educational & Charitable Trust, Berahampur 2,58,180/-, furniture of Rs. 23,734/- and computers of Rs. 1,34,580/- totalling to Rs. 3,94,494/- 11. Aggrieved, the assessee preferred appeal

ROLAND EDUCATIONAL & CHARITABLE TRUST,BERHAMPUR vs. DCIT, BERHAMPUR CIRCLE, BERHAMPUR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

22,54,379/-, totalling to Rs. 34,24,272/-. and also disallowed excess claim of depreciation on laboratory equipments of Rs. :- 41 -: ITA No. 368/CTK/2019 and others Roland Educational & Charitable Trust, Berahampur 2,58,180/-, furniture of Rs. 23,734/- and computers of Rs. 1,34,580/- totalling to Rs. 3,94,494/- 11. Aggrieved, the assessee preferred appeal

ROLAND EDUCATIONAL & CHARITABLE TRUST,GANJAM vs. CHEIF CIT, BHUBANESWAR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

22,54,379/-, totalling to Rs. 34,24,272/-. and also disallowed excess claim of depreciation on laboratory equipments of Rs. :- 41 -: ITA No. 368/CTK/2019 and others Roland Educational & Charitable Trust, Berahampur 2,58,180/-, furniture of Rs. 23,734/- and computers of Rs. 1,34,580/- totalling to Rs. 3,94,494/- 11. Aggrieved, the assessee preferred appeal

ROLAND INSTITUTE OF PHARMACEUTICAL SCIENCES,GANJAM vs. CHEIF CIT, BHUBANESWAR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

22,54,379/-, totalling to Rs. 34,24,272/-. and also disallowed excess claim of depreciation on laboratory equipments of Rs. :- 41 -: ITA No. 368/CTK/2019 and others Roland Educational & Charitable Trust, Berahampur 2,58,180/-, furniture of Rs. 23,734/- and computers of Rs. 1,34,580/- totalling to Rs. 3,94,494/- 11. Aggrieved, the assessee preferred appeal

ROLAND EDUCATIONAL & CHARITABLE TRUST,BERHAMPUR vs. DCIT, BERHAMPUR CIRCLE, BERHAMPUR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

22,54,379/-, totalling to Rs. 34,24,272/-. and also disallowed excess claim of depreciation on laboratory equipments of Rs. :- 41 -: ITA No. 368/CTK/2019 and others Roland Educational & Charitable Trust, Berahampur 2,58,180/-, furniture of Rs. 23,734/- and computers of Rs. 1,34,580/- totalling to Rs. 3,94,494/- 11. Aggrieved, the assessee preferred appeal

ROLAND INSTITUTE OF PHARMACEUTICAL SCIENCES,GANJAM vs. CHEIF CIT, BHUBANESWAR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

22,54,379/-, totalling to Rs. 34,24,272/-. and also disallowed excess claim of depreciation on laboratory equipments of Rs. :- 41 -: ITA No. 368/CTK/2019 and others Roland Educational & Charitable Trust, Berahampur 2,58,180/-, furniture of Rs. 23,734/- and computers of Rs. 1,34,580/- totalling to Rs. 3,94,494/- 11. Aggrieved, the assessee preferred appeal

ROLAND INSTITUTE OF PHARMACEUTICAL SCIENCES,GANJAM vs. CHEIF CIT, BHUBANESWAR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

22,54,379/-, totalling to Rs. 34,24,272/-. and also disallowed excess claim of depreciation on laboratory equipments of Rs. :- 41 -: ITA No. 368/CTK/2019 and others Roland Educational & Charitable Trust, Berahampur 2,58,180/-, furniture of Rs. 23,734/- and computers of Rs. 1,34,580/- totalling to Rs. 3,94,494/- 11. Aggrieved, the assessee preferred appeal

ROLAND EDUCATIONAL & CHARITABLE TRUST,GANJAM vs. CHEIF CIT, BHUBANESWAR

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

22,54,379/-, totalling to Rs. 34,24,272/-. and also disallowed excess claim of depreciation on laboratory equipments of Rs. :- 41 -: ITA No. 368/CTK/2019 and others Roland Educational & Charitable Trust, Berahampur 2,58,180/-, furniture of Rs. 23,734/- and computers of Rs. 1,34,580/- totalling to Rs. 3,94,494/- 11. Aggrieved, the assessee preferred appeal