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TMI Blog2024 (11) TMI 694X X X X Extracts X X X X X X X X Extracts X X X X ..... income derives from the purchase and sale of agricultural produce under the provisions of the Orissa Agriculture Produce Market Act, 1956 is liable for taxation. Therefore, this Court does not find any illegality or irregularity in the order passed by the Commissioner of Income Tax (Appeal), National Faceless Appeal Centre (NFAC), Delhi, which has been confirmed by the Income Tax Appellate Tribunal, Cuttack Bench, Cuttack. Decided against revenue. - DR. JUSTICE B.R. SARANGI AND MR. JUSTICE G. SATAPATHY For the Appellant: Mr. S.C. Mohanty, Standing Counsel along with Mr. A. Kedia, Jr. Standing Counsel. For the Respondent: None. ORDER This matter is taken up by hybrid mode. 2. Heard Mr. S.C. Mohanty, learned Standing Counsel along with Mr. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tax Act on 01.03.2023 determining the total income of the assessee at Rs. 15,71,13,415/- after making addition of Rs. 15,66,41,601/- under Section 69 of the Income Tax Act, 1961 and Rs. 4,71,814/- under Section 69A of the Act. 5. Against the assessment order, the assessee preferred Appeal No. NFAC/2017-18/10227690 before the Commissioner of Income Tax (Appeal), National Faceless Appeal Centre (NFAC), Delhi, who, considering the statement made by the assessee that the source of the fixed deposits made in Allahabad bank is the market fees received from Orissa State Civil Supplies Corporation Limited, Bargarh and examining the documents filed by the assessee in support of the payment advice and the bank statements, vide order dated 28.07.2023, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nical glitches in responding to the notices issued by the Assessing Officer along with supporting documents to the jurisdictional Assessing Officer on 24.11.2023 and the same finding has not been dislodged by the Department. Therefore, the Tribunal upheld the findings recorded by the Commissioner of Income Tax (Appeal). 7. There is no material placed before this Court for consideration that the income derives from the purchase and sale of agricultural produce under the provisions of the Orissa Agriculture Produce Market Act, 1956 is liable for taxation. Therefore, this Court does not find any illegality or irregularity in the order dated 28.07.2023 passed by the Commissioner of Income Tax (Appeal), National Faceless Appeal Centre (NFAC), De ..... X X X X Extracts X X X X X X X X Extracts X X X X
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