JM MINING AND TRADING PVT. LTD,TULSIPUR, CUTTACK vs. A.C.I.T CIRCLE2(1), CUTTACK CIRCLE, CUTTACK, AAYAKAR BHAWAN, SHELTER CHOWK
In the result, appeals of the assessee stand dismissed
ITA 36/CTK/2024[2010-11]Status: HeardITAT Cuttack23 Jul 2024AY 2010-11
Bench: Before Shri George Mathan, Judicial & Manish Agarwal Manish Agarwalita Nos.36 & 37/Ctk/2024 24 Assessment Years : 2010-11 & 2011 11 & 2011-12 Jm Mining & Trading Pvt Jm Mining & Trading Pvt Vs. Acit, Circle Acit, Circle-2(1), Ltd., Ltd., At At-Madhusudan Cuttack Avenue, Tulsipur, Cuttack Avenue, Tulsipur, Cuttack Pan/Gir No Pan/Gir No.Aabcj 2946 C (Appellant (Appellant) .. ( Respondent Respondent) Assessee By : Shri Sandeep Kumar Jena, Sandeep Kumar Jena, Adv Revenue By : Shri S.C.Mohanty : Shri S.C.Mohanty, Sr Dr Date Of Hearing : 23/0 07/2024 Date Of Pronouncement : 23/0 /07/2024 O R D E R Per Bench
For Appellant: Shri Sandeep Kumar JenaFor Respondent: Shri S.C.Mohanty
Section 147Section 147oSection 148Section 249
4. That the entire reassessment proceeding for the A/Y-2010-11 & 2011-12
completely stands on such borrowed information, wherein the Ld. A.O has arrived at an erroneous conclusion under pretense that the appellant company carried on illegal mining activities for which there are possibilities of escapement of income within the meaning of section 147 of the Act. As a consequence
