INCOME TAX OFFICER, BARIPADA vs. MAYURBHANJ CENTRAL COOPERATIVE BANK LIMITED, BARIPADA

In the result, appeal of the Revenue stands partly allowed for statistical purposes

Bench: Before Shri George Mathan, Judicial & Manish Agarwal Manish Agarwal

exemption provided from deduction of tax from payment of interest to members by a co-operative society under section 194A(3)(v) ) of the Act shall not apply to the payment of interest on time deposits by the co-operative banks to its members. ………..” 7. In view of these facts and looking to the intention of the legislature while making

INCOME TAX OFFICER WARD-1, BARIPADA, BARIPADA vs. MAYURBHANJ CENTRAL COOPERATIVE BANK LIMITED, BARIPADA

In the result, appeal of the Revenue stands partly allowed for statistical purposes

Bench: Before Shri George Mathan, Judicial & Manish Agarwal Manish Agarwal

exemption provided from deduction of tax from payment of interest to members by a co-operative society under section 194A(3)(v) ) of the Act shall not apply to the payment of interest on time deposits by the co-operative banks to its members. ………..” 7. In view of these facts and looking to the intention of the legislature while making

INCOME TAX OFFICER WARD-1 BARIPADA, BARIPADA vs. MAYURBHANJ CENTRAL COOPERATIVE BANK LIMITED, BARIPADA

In the result, appeal of the Revenue stands partly allowed for statistical purposes

Bench: Before Shri George Mathan, Judicial & Manish Agarwal Manish Agarwal

exemption provided from deduction of tax from payment of interest to members by a co-operative society under section 194A(3)(v) ) of the Act shall not apply to the payment of interest on time deposits by the co-operative banks to its members. ………..” 7. In view of these facts and looking to the intention of the legislature while making

INCOME TAX OFFICER, WARD-1, BARIPADA, BARIPADA vs. MAYURBHANJ CENTRAL CO-OPERATIVE BANK LIMITED, BARIPADA

In the result, appeal of the Revenue stands partly allowed for statistical purposes

Bench: Before Shri George Mathan, Judicial & Manish Agarwal Manish Agarwal

exemption provided from deduction of tax from payment of interest to members by a co-operative society under section 194A(3)(v) ) of the Act shall not apply to the payment of interest on time deposits by the co-operative banks to its members. ………..” 7. In view of these facts and looking to the intention of the legislature while making

INCOME TAX OFFICER, WARD-1, BARIPADA, BARIPADA vs. MAYURBHANJ CENTRAL CO-OPERATIVE BANK LIMITED, BARIPADA

In the result, appeal of the Revenue stands partly allowed for statistical purposes

Bench: Before Shri George Mathan, Judicial & Manish Agarwal Manish Agarwal

exemption provided from deduction of tax from payment of interest to members by a co-operative society under section 194A(3)(v) ) of the Act shall not apply to the payment of interest on time deposits by the co-operative banks to its members. ………..” 7. In view of these facts and looking to the intention of the legislature while making

M/S. NIYATI FOODS PRIVATE LIMITED,JHARSUGUDA vs. ACIT, CIRCLE-1(1), BHUBANESWAR

Bench: S/Shri N.S Saini & Pavan Kumar Gadaleassessment Year : 2006-2007

exempt capital gain of Rs. 13,43,698/-. In the statements of capital gain, it is seen that the capital gain has arisen from treading in the following scripts. Name of the Date of QNTY SALE Date of PUR NET TOTAL company sale SOLD RATE purchase RATE GAIN Sudama 23.11.200 600 294.1 05.04.2004 6.52 287.5 172518 Trading & 5 Investment

ITO, BHADRAK WARD, BHADRAK vs. ANUPAMA MOHAPATRA, BHADRAK

In the result, Appeals of the revenue in in ITANos

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am

exemption under section 10(10C) on such amount received from bank under early retirement scheme – Held, Yes. 18.7 Hon‟ble Bombay High Court in the case of Sanchit Software & Solutions (P.) Ltd. –vs- Commissioner of Income Tax- 8, (Bombay), reported in [2012], 25 taxman.com 123 (Bombay), in paragraph Nos.5, 6 & 7 of its order have held that, it is judicially

ITO, BHADRAK WARD, BHADRAK vs. DEEPANSU MOHAPATRA, BHADRAK

In the result, Appeals of the revenue in in ITANos

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am

exemption under section 10(10C) on such amount received from bank under early retirement scheme – Held, Yes. 18.7 Hon‟ble Bombay High Court in the case of Sanchit Software & Solutions (P.) Ltd. –vs- Commissioner of Income Tax- 8, (Bombay), reported in [2012], 25 taxman.com 123 (Bombay), in paragraph Nos.5, 6 & 7 of its order have held that, it is judicially

ITO, BHADRAK WARD, BHADRAK vs. DEEPANSU MOHAPATRA, BHADRAK

In the result, Appeals of the revenue in in ITANos

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am

exemption under section 10(10C) on such amount received from bank under early retirement scheme – Held, Yes. 18.7 Hon‟ble Bombay High Court in the case of Sanchit Software & Solutions (P.) Ltd. –vs- Commissioner of Income Tax- 8, (Bombay), reported in [2012], 25 taxman.com 123 (Bombay), in paragraph Nos.5, 6 & 7 of its order have held that, it is judicially

ITO, BHADRAK WARD, BHADRAK vs. ANUPAMA MOHAPATRA, BHADRAK

In the result, Appeals of the revenue in in ITANos

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am

exemption under section 10(10C) on such amount received from bank under early retirement scheme – Held, Yes. 18.7 Hon‟ble Bombay High Court in the case of Sanchit Software & Solutions (P.) Ltd. –vs- Commissioner of Income Tax- 8, (Bombay), reported in [2012], 25 taxman.com 123 (Bombay), in paragraph Nos.5, 6 & 7 of its order have held that, it is judicially

ITO, BHADRAK WARD, BHADRAK vs. HIMANSU MOHAPATRA, BHADRAK

In the result, Appeals of the revenue in in ITANos

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am

exemption under section 10(10C) on such amount received from bank under early retirement scheme – Held, Yes. 18.7 Hon‟ble Bombay High Court in the case of Sanchit Software & Solutions (P.) Ltd. –vs- Commissioner of Income Tax- 8, (Bombay), reported in [2012], 25 taxman.com 123 (Bombay), in paragraph Nos.5, 6 & 7 of its order have held that, it is judicially

ITO, BHADRAK WARD, BHADRAK vs. SITANSU SEKHAR MOHAPATRA, BHADRAK

In the result, Appeals of the revenue in in ITANos

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am

exemption under section 10(10C) on such amount received from bank under early retirement scheme – Held, Yes. 18.7 Hon‟ble Bombay High Court in the case of Sanchit Software & Solutions (P.) Ltd. –vs- Commissioner of Income Tax- 8, (Bombay), reported in [2012], 25 taxman.com 123 (Bombay), in paragraph Nos.5, 6 & 7 of its order have held that, it is judicially

ITO, BHADRAK WARD, BHADRAK vs. HIMANSU MOHAPATRA, BHADRAK

In the result, Appeals of the revenue in in ITANos

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am

exemption under section 10(10C) on such amount received from bank under early retirement scheme – Held, Yes. 18.7 Hon‟ble Bombay High Court in the case of Sanchit Software & Solutions (P.) Ltd. –vs- Commissioner of Income Tax- 8, (Bombay), reported in [2012], 25 taxman.com 123 (Bombay), in paragraph Nos.5, 6 & 7 of its order have held that, it is judicially

ITO, BHADRAK WARD, BHADRAK vs. SMT. KUNTALA MOHAPATRA, BHADRAK

In the result, Appeals of the revenue in in ITANos

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am

exemption under section 10(10C) on such amount received from bank under early retirement scheme – Held, Yes. 18.7 Hon‟ble Bombay High Court in the case of Sanchit Software & Solutions (P.) Ltd. –vs- Commissioner of Income Tax- 8, (Bombay), reported in [2012], 25 taxman.com 123 (Bombay), in paragraph Nos.5, 6 & 7 of its order have held that, it is judicially

ITO, BHADRAK WARD, BHADRAK vs. MAMATA MOHAPATRA, BHADRAK

In the result, Appeals of the revenue in in ITANos

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am

exemption under section 10(10C) on such amount received from bank under early retirement scheme – Held, Yes. 18.7 Hon‟ble Bombay High Court in the case of Sanchit Software & Solutions (P.) Ltd. –vs- Commissioner of Income Tax- 8, (Bombay), reported in [2012], 25 taxman.com 123 (Bombay), in paragraph Nos.5, 6 & 7 of its order have held that, it is judicially

ITO, BHADRAK WARD, BHADRAK vs. KISHORE KUMAR MOHAPATRA, BHADRAK

In the result, Appeals of the revenue in in ITANos

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am

exemption under section 10(10C) on such amount received from bank under early retirement scheme – Held, Yes. 18.7 Hon‟ble Bombay High Court in the case of Sanchit Software & Solutions (P.) Ltd. –vs- Commissioner of Income Tax- 8, (Bombay), reported in [2012], 25 taxman.com 123 (Bombay), in paragraph Nos.5, 6 & 7 of its order have held that, it is judicially

ITO, BHADRAK WARD, BHADRAK vs. AMRUTA PREETAM MOHAPATRA, BHADRAK

In the result, Appeals of the revenue in in ITANos

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am

exemption under section 10(10C) on such amount received from bank under early retirement scheme – Held, Yes. 18.7 Hon‟ble Bombay High Court in the case of Sanchit Software & Solutions (P.) Ltd. –vs- Commissioner of Income Tax- 8, (Bombay), reported in [2012], 25 taxman.com 123 (Bombay), in paragraph Nos.5, 6 & 7 of its order have held that, it is judicially

ITO, BHADRAK WARD , BHADRAK vs. PARBATI MOHAPATRA, BHADRAK

In the result, Appeals of the revenue in in ITANos

Bench: Shri C.M. Garg, Jm & Shri Manish Borad, Am

exemption under section 10(10C) on such amount received from bank under early retirement scheme – Held, Yes. 18.7 Hon‟ble Bombay High Court in the case of Sanchit Software & Solutions (P.) Ltd. –vs- Commissioner of Income Tax- 8, (Bombay), reported in [2012], 25 taxman.com 123 (Bombay), in paragraph Nos.5, 6 & 7 of its order have held that, it is judicially

RASHI AGRAWAL,CUTTACKI vs. INCOME TAX OFFICER, CUTTACK

In the result, appeal of the assessee allowed

exempt under Section 10(38), in a pre-planned manner to evade taxes. The AO extensively relied upon the search and survey operations conducted by the Investigation Wing of the Income Tax Department in Kolkata, Delhi, Mumbai and Ahmedabad on penny stocks, which sets out the modus operandi adopted in the business of providing entries of bogus LTCG. However