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आयकर अपीलीय अिधकरण, अिधकरण कटक यायपीठ,कटक यायपीठ IN THE INCOME TAX APPELLATE TRIBUNAL CUTTACK BENCH CUTTACK BEFORE SHRI GEORGE MATHAN, JUDICIAL MEMBER AND SHRI MANISH AGARWAL, ACCOUNTANT MEMBER IT(SS)A No.77/CTK/2023 ( िनधा रण वष / A.Yrs : 2011-2012, 2013-2014, 2016-2017 & 2017-2018) M/s Shree Balaji Engicons Limited Vs DCIT, Central Circle-1(1), Sambalpur Belpahar, Jharsuguda-768217 PAN No. : AAGCS 4292 P AND (िनधारण वष / A.Yrs :2011-2012, 2016-2017, 2017-2018 & 2018-2019) DCIT, Central Circle-1(1), Sambalpur Vs M/s Shree Balaji Engicons Limited Belpahar, Jharsuguda-768217 PAN No. : AAGCS 4292 P AND Cross Objection No.02/CTK/2023 (Ar isi ng out o f I TA N o.1 3/ C TK/2 023) ( िनधा रण वष / Assessment Year : 2018-2019) M/s Shree Balaji Engicons Limited Vs DCIT-1(1), Sambalpur Belpahar, Jharsuguda-768217 PAN No. : AAGCS 4292 P (अपीलाथ /Appellant) .. ( यथ / Respondent) राज व क ओर से /Revenue by :

Against such action of the ld. CIT(A), the assesee is in appeal before us.

7. Ld. AR of the assesee submitted that during the year under appeal, the assesee has entered into two separate Joint Ventures, firstly in the name of M/s Balaji ARSS (JV), wherein JV was awarded contract for construction of Railway Over Bridge for East Coast Railway, Sambalpur from which the assesee has earned a profit of Rs.2,02,535/-. Other Joint Venture was namely M/s SBEPL-GRIL (JV), wherein the contract for construction and widening of roads work was awarded by Chief Engineer, National Highway, Bhubaneswar and assesee has earned Rs.33,77,855/-