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5 results for “house property”+ Business Incomeclear

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PR.COMMISSIONER OF INCOME TAX,BHUBANESWAR vs. M/S.UTKAL ALUMINA INTERNATIONAL LTD.

ITA/10/2017HC Orissa04 Dec 2019

Bench: MR. JUSTICE K. S. JHAVERI (CJ),MR. JUSTICE K.R.MOHAPATRA

business of buying and selling of properties thereby generating sufficient income and revenue to purchase the Suit Property in auction, through his own funds. The Defendants even though contend, that he along with his father had invested his monies for the said purchase, but the same has not even been proved through any account statements, passbooks or record

PRINCIPAL COMMISSIONER OF INCOME TAX-1,BHUBANESWAR vs. SEKHAR KUMAR MOHAPATRA

ITA/9/2024HC Orissa15 Apr 2024

Bench: DR. JUSTICE B.R.SARANGI,MR. JUSTICE GOURISHANKAR SATAPATHY

For Appellant: Mr. Ajit Kumar, Sr. AdvocateFor Respondent: Mr. Prashant Vidyarthy, Sr. Panel Counsel
Section 164
Section 42

business of construction. Investigation further revealed that in the sale deed No. 9786 dated 31.08.2009 wherein the seller of the properties is Sri Arun Kumar Agarwal. Rajendra Kumar vide his letter dated Nil, which has been received by ED on 13.10.2015, he has himself declared that following loans were taken by Nand Lal HUF for purchase of this Flat

COMNR.,OF INCOME TAX vs. FALCON REAL ESTATE

ITA/5/2012HC Orissa10 Feb 2022

Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE R.K.PATTANAIK

income tax payee in 1988 nor did he inform about purchasing a parcel of land for sum of Rs. 2,07,500/- to the income tax authority. 19.5 It was contended that, the testimony of PW-4, Mr. S.P. Singh [Assistant at Office of DDA] cannot be relied upon to assess the market value of the subject land

COMNR.OF INCOME TAX vs. ORISSA MINING CORP.

ITA/40/2007HC Orissa07 Feb 2022

Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE R.K.PATTANAIK

income tax payee in 1988 nor did he inform about purchasing a parcel of land for sum of Rs. 2,07,500/- to the income tax authority. 19.5 It was contended that, the testimony of PW-4, Mr. S.P. Singh [Assistant at Office of DDA] cannot be relied upon to assess the market value of the subject land

PRINCIPAL COMNR. OF INCOME TAX, SAMBALPUR RANGE vs. M/S. TATA SPONGE IRON LTD.

ITA/96/2022HC Orissa17 Aug 2023

Bench: MR. JUSTICE ARINDAM SINHA,MR. JUSTICE SANJAY KUMAR MISHRA

business of each other and the price is the sole consideration for the sale …‖. Subject to these three conditions laid down in Section 14(1) of time, place and absence of special circumstances, the price of imported goods is to be determined under Digitally Signed By:KAMLESH KUMAR Signing Date:27.11.2024 18:20:25 Signature Not Verified CUSAA 26/2022 & connected