TRIJAL ENTERPRISES,BHUBANESWAR vs. ACIT, CIRCLE- 4(1), BHUBANESWAR

Bench: S/Shri George Mathan & Arun Khodpiaassessment Year : 2016-17 Trijal Enterprises, Hall No.6, Vs. Acit, Circle-4(1), Fourth Floor, Bmc Bhawani Bhubaneswar Coom. Complex, Saheed Nagar, Bhubaneswar. Pan/Gir No.Aakft 6687 L (Appellant) .. ( Respondent) Assessee By : Shri P.K.Mishra,Ca P.K.Panda, Ars Revenue By : Shri M.K.Gautam, Cit Dr Date Of Hearing : 15/11/2022 Date Of Pronouncement : 15/11/2022 O R D E R Per Bench This Is An Appeal Filed By The Assessee Against The Order Of The Ld Cit(A)-1, Bhubaneswar Dated 22.6.2020 In Appeal No.0366/2018-19 For The Assessment Year 2016-17. 2. It Was Submitted By Ld Ar That The Assessee Is A Partnership Firm. The Partnership Firm Was Originally Constituted By Partnership Deed Dated 1.11.2015, Wherein, There Were Two Partners Namely; Shri Rajesh Polaki & Sri Malchit Chetan Kumar Patra. The Said Partnership Did Not Do Any Business. The Partnership Was Constituted For The Purpose Of Doing The Business Of Gold Jewellery. The Partnership Was Reconstituted On 1.3.2016, P A G E 1 | 37 Assessment Year : 2016-17

section 68 which could be referred to as its undisclosed income”. He further relied on the decision of the Hon’ble Allahabad High Court in the case of 221 ITR 239 (All), wherein, it has been held that “whether where deposits had been made by partners on very first day when partnership firm came into existence, onus

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

Section 139(1) for AY 2014-15 could not be filed\ndue to management disturbances. Notice U/s 148 dated\n28.07.2022 was issued to the assessee alleging that the return of\nincome for the impugned AY has not been filed by the assessee\nthough there are credits of Rs. Rs. 11,73,40,969/-in the bank\naccounts

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

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

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

ITO, BHUBANESWAR vs. ORISSA COMPUTER APPLICATION CENTRE, BHUBANESWAR

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

section 12AA of the I.T.Act is treated as infructuous and stand disposed off." The appellant filed appeal before the Income Tax Appellate Tribunal against the order by Ld.CIT ,Bhubaneswar on dt.21.12.2006 against cancellation of the registration u/s 12AA of the I.T.Act,1961. The appellant has submitted the order of Ld CIT ,Bhubaneswar passed on 06.01.2009 and drawn the attention