ACIT, BHUBANESWAR vs. M/S. NEELACHAL GRAMYA BANK, BHUBANESWAR

In the result, appeal filed by the revenue and cross objection

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

section 147 and 148 and as has been judicially interpreted have not been satisfied. ii. the aforesaid notice u/s. 148 of the Act is lack of/in excess of jurisdiction, arbitrary, erroneous, bad in law, and legally untenable. 24. In view of the above, it is submitted that the order dt. 18.02.2014 passed by the learned AO u/s. 144/147

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

reassessment proceedings had been initiated by the AO on an erroneous assumption that all payments to non-resident are subject to withholding taxes under section 195 of the Act and. therefore, income had escapement assessment for failure to withhold tax u/s 195(1) r/w 40(a)(i), which is in complete disregard of the decision of Supreme Court

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

reassessment proceedings had been initiated by the AO on an erroneous assumption that all payments to non-resident are subject to withholding taxes under section 195 of the Act and. therefore, income had escapement assessment for failure to withhold tax u/s 195(1) r/w 40(a)(i), which is in complete disregard of the decision of Supreme Court

INDUSTRIAL PROMOTION AND INVESTMENT CORPORATION OF ORISSA LTD.,BHUBANESWAR vs. DCIT, CORPORATE CIRCLE-1(1), BHUBANESWAR

In the result, appeal filed by the assessee is allowed and that of the

Bench: Shri Chandra Mohan Garg & Laxmi Prasad Sahuassessment Year : 2010-2011

section 147 which makes the existence of failure on the part of the assessee to disclose fully & truly all material facts necessary for his assessment as a precondition for initiation of reassessment proceeding, is not applicable. The AO has recorded reasons before initiation of reassessment proceeding u/s. 147 and communicated the same to the assessee. Keeping in view the facts

ITO, KHURDA vs. BULARAM DALAI, KHURDA

In the result, appeal of the Revenue is dismissed

section 147 of the I. T. Ac,1961" when the Revenue Audit party has pointed out the omission in the original assessment order and the omission pointed out by the Audit Party constitute a new and tangible material for reopening of assessment u/s. 147 of the Act. 3. On the facts and in the circumstances of the case

ACIT, CIRCLE-2(2), BHUBANESWAR, BHUBANESWAR vs. M/S. KALINGA INSTITUTE OF INDUSTRIAL TECHNOLOGY, BHUBANESWAR

In the result, appeals of the assessee i

Bench: Shri N.S.Saini, Am & Shri Pavan Kumar Gadale, Jm आयकर अपील सं./Ita No.266, 162&217/Ctk/2014 ("नधा"रण वष" / Assessment Year :2006-07&2005-06) Kalinga Institute Of Industrial Vs. Acit, Circle-2(2), Technology (Kiit), Plot No.383, Bhubaneswar, Odisha 384, Kiit Campus-1, Patia, Bhubaneswar-751024, Odisha "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaatk 3103 C (अपीलाथ" /Appellant) (""यथ" / Respondent) .. & आयकर अपील सं./Ita No.108&294/Ctk/2014 ("नधा"रण वष" / Assessment Year : 2004-05&2006-07) Acit, Circle-2(2), Vs. Kalinga Institute Of Industrial Bhubaneswar, Odisha Technology (Kiit), Plot No.383, 384, Kiit Campus-1, Patia, Bhubaneswar-751024, Odisha "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaatk 3103 C (अपीलाथ" /Appellant) (""यथ" / Respondent) .. & Cross Objection No.27&42/Ctk/2014 ("नधा"रण वष" / Assessment Year :2004-05 & 2006-07) Kalinga Institute Of Industrial Vs. Acit, Circle-2(2), Technology (Kiit), Plot No.383, Bhubaneswar, Odisha 384, Kiit Campus-1, Patia, Bhubaneswar-751024, Odisha "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaatk 3103 C (अपीलाथ" /Appellant) (""यथ" / Respondent) .. "नधा"रती क" ओर से /Assessee By : Shri S.K.Agrawalla, Ar राज"व क" ओर से /Revenue By : Shri Kunal Singh,Citdr सुनवाई क" तार"ख / Date Of Hearing : 29/08/2017 घोषणा क" तार"ख/Date Of Pronouncement 31/08/2017 आदेश / O R D E R Per Shri Pavan Kumar Gadale, Jm: & Co No.42&27/Ctk/2014 These Are The Cross Appeals Filed By The Assessee & The Revenue

section 147 of the Act. h. That, during the pendency of assessment proceedings the Ld. Assessing Officer is not permitted to reopen the case u/s 147 and issue notice u/s 148, therefore the reassessment proceedings are illegal and void ab-initio. 2. That, the Commissioner of Income Tax (Appeals) has committed an error law in endorsing the action

ACIT, BHUBANESWAR vs. KALINGA INSTITUTE OF INDUSTRIAL TECHNOLOGY (KIIT), BHUBANESWAR

In the result, appeals of the assessee i

Bench: Shri N.S.Saini, Am & Shri Pavan Kumar Gadale, Jm आयकर अपील सं./Ita No.266, 162&217/Ctk/2014 ("नधा"रण वष" / Assessment Year :2006-07&2005-06) Kalinga Institute Of Industrial Vs. Acit, Circle-2(2), Technology (Kiit), Plot No.383, Bhubaneswar, Odisha 384, Kiit Campus-1, Patia, Bhubaneswar-751024, Odisha "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaatk 3103 C (अपीलाथ" /Appellant) (""यथ" / Respondent) .. & आयकर अपील सं./Ita No.108&294/Ctk/2014 ("नधा"रण वष" / Assessment Year : 2004-05&2006-07) Acit, Circle-2(2), Vs. Kalinga Institute Of Industrial Bhubaneswar, Odisha Technology (Kiit), Plot No.383, 384, Kiit Campus-1, Patia, Bhubaneswar-751024, Odisha "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaatk 3103 C (अपीलाथ" /Appellant) (""यथ" / Respondent) .. & Cross Objection No.27&42/Ctk/2014 ("नधा"रण वष" / Assessment Year :2004-05 & 2006-07) Kalinga Institute Of Industrial Vs. Acit, Circle-2(2), Technology (Kiit), Plot No.383, Bhubaneswar, Odisha 384, Kiit Campus-1, Patia, Bhubaneswar-751024, Odisha "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaatk 3103 C (अपीलाथ" /Appellant) (""यथ" / Respondent) .. "नधा"रती क" ओर से /Assessee By : Shri S.K.Agrawalla, Ar राज"व क" ओर से /Revenue By : Shri Kunal Singh,Citdr सुनवाई क" तार"ख / Date Of Hearing : 29/08/2017 घोषणा क" तार"ख/Date Of Pronouncement 31/08/2017 आदेश / O R D E R Per Shri Pavan Kumar Gadale, Jm: & Co No.42&27/Ctk/2014 These Are The Cross Appeals Filed By The Assessee & The Revenue

section 147 of the Act. h. That, during the pendency of assessment proceedings the Ld. Assessing Officer is not permitted to reopen the case u/s 147 and issue notice u/s 148, therefore the reassessment proceedings are illegal and void ab-initio. 2. That, the Commissioner of Income Tax (Appeals) has committed an error law in endorsing the action

ACIT, BHUBANESWAR vs. KALINGA INSTITUTE OF INDUSTRIAL TECHNOLOSY, BHUBANESWAR

In the result, appeals of the assessee i

Bench: Shri N.S.Saini, Am & Shri Pavan Kumar Gadale, Jm आयकर अपील सं./Ita No.266, 162&217/Ctk/2014 ("नधा"रण वष" / Assessment Year :2006-07&2005-06) Kalinga Institute Of Industrial Vs. Acit, Circle-2(2), Technology (Kiit), Plot No.383, Bhubaneswar, Odisha 384, Kiit Campus-1, Patia, Bhubaneswar-751024, Odisha "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaatk 3103 C (अपीलाथ" /Appellant) (""यथ" / Respondent) .. & आयकर अपील सं./Ita No.108&294/Ctk/2014 ("नधा"रण वष" / Assessment Year : 2004-05&2006-07) Acit, Circle-2(2), Vs. Kalinga Institute Of Industrial Bhubaneswar, Odisha Technology (Kiit), Plot No.383, 384, Kiit Campus-1, Patia, Bhubaneswar-751024, Odisha "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaatk 3103 C (अपीलाथ" /Appellant) (""यथ" / Respondent) .. & Cross Objection No.27&42/Ctk/2014 ("नधा"रण वष" / Assessment Year :2004-05 & 2006-07) Kalinga Institute Of Industrial Vs. Acit, Circle-2(2), Technology (Kiit), Plot No.383, Bhubaneswar, Odisha 384, Kiit Campus-1, Patia, Bhubaneswar-751024, Odisha "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaatk 3103 C (अपीलाथ" /Appellant) (""यथ" / Respondent) .. "नधा"रती क" ओर से /Assessee By : Shri S.K.Agrawalla, Ar राज"व क" ओर से /Revenue By : Shri Kunal Singh,Citdr सुनवाई क" तार"ख / Date Of Hearing : 29/08/2017 घोषणा क" तार"ख/Date Of Pronouncement 31/08/2017 आदेश / O R D E R Per Shri Pavan Kumar Gadale, Jm: & Co No.42&27/Ctk/2014 These Are The Cross Appeals Filed By The Assessee & The Revenue

section 147 of the Act. h. That, during the pendency of assessment proceedings the Ld. Assessing Officer is not permitted to reopen the case u/s 147 and issue notice u/s 148, therefore the reassessment proceedings are illegal and void ab-initio. 2. That, the Commissioner of Income Tax (Appeals) has committed an error law in endorsing the action

KALINGA INSTITUTE OF INDUSTRIAL TECHNOLOGY(KIIT),BHUBANESWAR vs. ACIT, CIRCLE2(2), BHUBANESWAR, BHUBANESWAR

In the result, appeals of the assessee i

Bench: Shri N.S.Saini, Am & Shri Pavan Kumar Gadale, Jm आयकर अपील सं./Ita No.266, 162&217/Ctk/2014 ("नधा"रण वष" / Assessment Year :2006-07&2005-06) Kalinga Institute Of Industrial Vs. Acit, Circle-2(2), Technology (Kiit), Plot No.383, Bhubaneswar, Odisha 384, Kiit Campus-1, Patia, Bhubaneswar-751024, Odisha "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaatk 3103 C (अपीलाथ" /Appellant) (""यथ" / Respondent) .. & आयकर अपील सं./Ita No.108&294/Ctk/2014 ("नधा"रण वष" / Assessment Year : 2004-05&2006-07) Acit, Circle-2(2), Vs. Kalinga Institute Of Industrial Bhubaneswar, Odisha Technology (Kiit), Plot No.383, 384, Kiit Campus-1, Patia, Bhubaneswar-751024, Odisha "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaatk 3103 C (अपीलाथ" /Appellant) (""यथ" / Respondent) .. & Cross Objection No.27&42/Ctk/2014 ("नधा"रण वष" / Assessment Year :2004-05 & 2006-07) Kalinga Institute Of Industrial Vs. Acit, Circle-2(2), Technology (Kiit), Plot No.383, Bhubaneswar, Odisha 384, Kiit Campus-1, Patia, Bhubaneswar-751024, Odisha "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaatk 3103 C (अपीलाथ" /Appellant) (""यथ" / Respondent) .. "नधा"रती क" ओर से /Assessee By : Shri S.K.Agrawalla, Ar राज"व क" ओर से /Revenue By : Shri Kunal Singh,Citdr सुनवाई क" तार"ख / Date Of Hearing : 29/08/2017 घोषणा क" तार"ख/Date Of Pronouncement 31/08/2017 आदेश / O R D E R Per Shri Pavan Kumar Gadale, Jm: & Co No.42&27/Ctk/2014 These Are The Cross Appeals Filed By The Assessee & The Revenue

section 147 of the Act. h. That, during the pendency of assessment proceedings the Ld. Assessing Officer is not permitted to reopen the case u/s 147 and issue notice u/s 148, therefore the reassessment proceedings are illegal and void ab-initio. 2. That, the Commissioner of Income Tax (Appeals) has committed an error law in endorsing the action

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

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

reassess such income and also any other income chargeable to tax which has escaped assessment and which comes to his notice subsequently in the course of the proceedings under this section, or recompute the loss or the depreciation allowance or any other allowance, as the case may be, for the assessment year concerned (hereafter in this section and in sections

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

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

reassess such income and also any other income chargeable to tax which has escaped assessment and which comes to his notice subsequently in the course of the proceedings under this section, or recompute the loss or the depreciation allowance or any other allowance, as the case may be, for the assessment year concerned (hereafter in this section and in sections

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

reassess such income and also any other income chargeable to tax which has escaped assessment and which comes to his notice subsequently in the course of the proceedings under this section, or recompute the loss or the depreciation allowance or any other allowance, as the case may be, for the assessment year concerned (hereafter in this section and in sections

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

reassess such income and also any other income chargeable to tax which has escaped assessment and which comes to his notice subsequently in the course of the proceedings under this section, or recompute the loss or the depreciation allowance or any other allowance, as the case may be, for the assessment year concerned (hereafter in this section and in sections

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

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

reassess such income and also any other income chargeable to tax which has escaped assessment and which comes to his notice subsequently in the course of the proceedings under this section, or recompute the loss or the depreciation allowance or any other allowance, as the case may be, for the assessment year concerned (hereafter in this section and in sections

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

reassess such income and also any other income chargeable to tax which has escaped assessment and which comes to his notice subsequently in the course of the proceedings under this section, or recompute the loss or the depreciation allowance or any other allowance, as the case may be, for the assessment year concerned (hereafter in this section and in sections

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

Appeals are allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

reassess such income and also any other income chargeable to tax which has escaped assessment and which comes to his notice subsequently in the course of the proceedings under this section, or recompute the loss or the depreciation allowance or any other allowance, as the case may be, for the assessment year concerned (hereafter in this section and in sections

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

reassess such income and also any other income chargeable to tax which has escaped assessment and which comes to his notice subsequently in the course of the proceedings under this section, or recompute the loss or the depreciation allowance or any other allowance, as the case may be, for the assessment year concerned (hereafter in this section and in sections

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

reassess such income and also any other income chargeable to tax which has escaped assessment and which comes to his notice subsequently in the course of the proceedings under this section, or recompute the loss or the depreciation allowance or any other allowance, as the case may be, for the assessment year concerned (hereafter in this section and in sections