DCIT, CIRCLE-1(1), BHUBANESWAR, BHUBANESWAR vs. M/S. PARADEEP PHOSPHATES LIMITED, BHUBANESWAR

In the result, appeal filed by the revenue is dismissed and that of

Bench: S/Shri N.S Saini & Pavan Kumar Gadaleassessment Year : 2010-2011

221. In addition, he would also be liable^ under section 201(1 A) to pay simple interest at 12 per cent per annum on the amount of such tax from the date on which such tax was deductible to the date on which such tax was actually paid. The most important expression in section 195(1) consists

SYLVESA INFOTECH PRIVATE LIMITED,BHUBANESWAR vs. ITO WARD -1(1), BHUBANESWAR

In the result, ITA Nos.538/CTK/2025 & ITA No

Bench: Shri George Mathan & Shri Rajesh Kumarआयकर अपील सं/Ita No.538 & 541/Ctk/2025 (निर्धारण वर्ष / Assessment Year : 2014-2015) & आयकर अपील सं/Ita No.565/Ctk/2025 (निर्धारण वर्ष / Assessment Year : 2016-2017) Sylvesa Infotech Private Limited Vs Ito Ward-1(1), Bhubaneswar Plot No.S4/10 Niladri Vihar, Sailashree Vihar, Bhubaneswar Pan No.: Aahcs 0489 D (अपीलार्थी / Appellant) निर्धारिती की ओर से /Assessee By राजस्व की ओर से /Revenue By : Shri B.D.Ojha & Shri Abhishek Ojha, Ars : Shri Ashim Kumar Chakraborty, Cit-Dr Appeared In Ita Nos.538&541/Ctk/2025 & Shri Vijay Singh, Sr. Dr Appeared In

Section 139(1) for AY 2014-15 could not be filed due to management disturbances. Notice U/s 148 dated 28.07.2022 was issued to the assessee alleging that the return of income for the impugned AY has not been filed by the assessee though there are credits of Rs. Rs. 11,73,40,969/-in the bank accounts

SYLVESA INFOTECH PRIVATE LIMITED,BHUBANESWAR vs. ITO, W1(1), BHUBANESWAR

In the result, ITA Nos.538/CTK/2025 & ITA No

Bench: Shri George Mathan & Shri Rajesh Kumarआयकर अपील सं/Ita No.538 & 541/Ctk/2025 (नििाारण वर्ा / Assessment Year : 2014-2015) & आयकर अपील सं/Ita No.565/Ctk/2025 (नििाारण वर्ा / Assessment Year : 2016-2017) Sylvesa Infotech Private Limited Vs Ito Ward-1(1), Bhubaneswar Plot No.S4/10 Niladri Vihar, Sailashree Vihar, Bhubaneswar Pan No. : Aahcs 0489 D (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) नििााररती की ओर से /Assessee By : Shri B.D.Ojha & Shri Abhishek Ojha, Ars राजस्व की ओर से /Revenue By : Shri Ashim Kumar Chakraborty, Cit-Dr Appeared In Ita Nos.538&541/Ctk/2025 & Shri Vijay Singh, Sr. Dr Appeared In Ita No.565/Ctk/2025. सुनवाई की तारीख / Date Of Hearing : 03/12/2025 घोषणा की तारीख/Date Of Pronouncement : 03/12/2025

Section 139(1) for AY 2014-15 could not be filed due to management disturbances. Notice U/s 148 dated 28.07.2022 was issued to the assessee alleging that the return of income for the impugned AY has not been filed by the assessee though there are credits of Rs. Rs. 11,73,40,969/-in the bank accounts

SYLVESA INFOTECH PRIVATE LIMITED,BHUBANESWAR vs. ITO, WARD-1(1), BHUBANESWAR

In the result, ITA Nos.538/CTK/2025 & ITA No

Bench: Shri George Mathan & Shri Rajesh Kumarआयकर अपील सं/Ita No.538 & 541/Ctk/2025 (नििाारण वर्ा / Assessment Year : 2014-2015) & आयकर अपील सं/Ita No.565/Ctk/2025 (नििाारण वर्ा / Assessment Year : 2016-2017) Sylvesa Infotech Private Limited Vs Ito Ward-1(1), Bhubaneswar Plot No.S4/10 Niladri Vihar, Sailashree Vihar, Bhubaneswar Pan No. : Aahcs 0489 D (अपीलार्थी /Appellant) .. (प्रत्यर्थी / Respondent) नििााररती की ओर से /Assessee By : Shri B.D.Ojha & Shri Abhishek Ojha, Ars राजस्व की ओर से /Revenue By : Shri Ashim Kumar Chakraborty, Cit-Dr Appeared In Ita Nos.538&541/Ctk/2025 & Shri Vijay Singh, Sr. Dr Appeared In Ita No.565/Ctk/2025. सुनवाई की तारीख / Date Of Hearing : 03/12/2025 घोषणा की तारीख/Date Of Pronouncement : 03/12/2025

Section 139(1) for AY 2014-15 could not be filed due to management disturbances. Notice U/s 148 dated 28.07.2022 was issued to the assessee alleging that the return of income for the impugned AY has not been filed by the assessee though there are credits of Rs. Rs. 11,73,40,969/-in the bank accounts

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

221 ITR 568 and it has been held that before exercising power under Section 127(2) of Income-tax Act, 1961, it is mandatory on the part of authority concerned to record reasons for transferring assessment cases from one jurisdiction to other and also to give opportunity of hearing to the ass'essee. Denial of opportunity of hearing

ITO, BHUBANESWAR vs. ORISSA COMPUTER APPLICATION CENTRE, BHUBANESWAR

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

68,814/- was received as interest which was credited to the Grantee. The said amount is not to be taken as income of the assessee. The assessee relies on the decisions of 221 ITR 317 in the case of Gujarat Municipal Finance Board vs DCIT. Under the aforesaid written submission your honour is requested to verify the receipt of : whether