SANKALP RECREATION PRIVATE LIMITED,AHMEDABAD vs. THE ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(2), AHMEDABAD

Bench: Shri T.R. Senthil Kumar & Shri Makarand V. Mahadeokar

2(24)(x). 2015-16 66/Ahd/2022 5,46,758/- 2016-17 67/Ahd/2022 5,03,557/- 2017-18 68/Ahd/2022 12,189/- 2018-19 69/Ahd/2022 Not Specified 2019-20 576/Ahd/2022 1,50,000/- 3 Assessee Alternative Ground on 2013-14 64/Ahd/2022 5,04,832/- Ground PF/ESIC Payments made within the grace period. 6 2014-15 65/Ahd/2022 8,71,723/- 2015-16 66/Ahd/2022

THE ASSTT. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(2), AHMEDABAD vs. SANKALP RECREATION PVT. LTD., AHMEDABAD

Bench: Shri T.R. Senthil Kumar & Shri Makarand V. Mahadeokar

2(24)(x). 2015-16 66/Ahd/2022 5,46,758/- 2016-17 67/Ahd/2022 5,03,557/- 2017-18 68/Ahd/2022 12,189/- 2018-19 69/Ahd/2022 Not Specified 2019-20 576/Ahd/2022 1,50,000/- 3 Assessee Alternative Ground on 2013-14 64/Ahd/2022 5,04,832/- Ground PF/ESIC Payments made within the grace period. 6 2014-15 65/Ahd/2022 8,71,723/- 2015-16 66/Ahd/2022

INTAS PHARMACEUTICALS LTD.,AHMEDABAD vs. THE DCIT, CIRCLE-2(1)(1), AHMEDABAD

Accordingly, this ground raised by the Revenue is dismissed

Bench: S/Shri T.R. Senthil Kumar & Makarand V.Mahadeokarasstt.Year : 2015-16 Acit, Cir.2(1)(1) M/S.Intas Pharmaceuticals Ltd Vejalpur Vs Corporate House Ahmedabad. S.G. Highway Nr.Sola Bridge, Thaltej Ahmedabad 380 054. Pan : Aaaci 5120 L Asstt.Year : 2015-16 M/S.Intas Pharmaceuticals Ltd Acit, Cir.2(1)(1) Corporate House Vs Vejalpur S.G. Highway Ahmedabad. Nr.Sola Bridge, Thaltej Ahmedabad 380 054. Pan : Aaaci 5120 L (Applicant) (Responent) : Assessee By Shri S.N. Soparkar, Sr.Advocae & Shri Parin Shah, Ar : Shri Ragnesh Das, Cit-Dr Revenue By सुनवाई क" तारीख/Date Of Hearing : 28/04/2025 घोषणा क" तारीख /Date Of Pronouncement: 21/05/2025 आदेश आदेश/O R D E R आदेश आदेश

X of the Act. 13. We have carefully considered the rival submissions, perused the orders of the authorities below, and duly examined the material available on record. 14. The issue relates to the transfer pricing adjustment made by the TPO and confirmed by the CIT(A) by imputing notional interest on receivables outstanding from AEs beyond a credit period

THE ACIT, CIRCLE-2(1)(1), AHMEDABAD vs. M/S. INTAS PHARMACEUTICALS LTD., AHMEDABAD

Accordingly, this ground raised by the Revenue is dismissed

Bench: S/Shri T.R. Senthil Kumar & Makarand V.Mahadeokarasstt.Year : 2015-16 Acit, Cir.2(1)(1) M/S.Intas Pharmaceuticals Ltd Vejalpur Vs Corporate House Ahmedabad. S.G. Highway Nr.Sola Bridge, Thaltej Ahmedabad 380 054. Pan : Aaaci 5120 L Asstt.Year : 2015-16 M/S.Intas Pharmaceuticals Ltd Acit, Cir.2(1)(1) Corporate House Vs Vejalpur S.G. Highway Ahmedabad. Nr.Sola Bridge, Thaltej Ahmedabad 380 054. Pan : Aaaci 5120 L (Applicant) (Responent) : Assessee By Shri S.N. Soparkar, Sr.Advocae & Shri Parin Shah, Ar : Shri Ragnesh Das, Cit-Dr Revenue By सुनवाई क" तारीख/Date Of Hearing : 28/04/2025 घोषणा क" तारीख /Date Of Pronouncement: 21/05/2025 आदेश आदेश/O R D E R आदेश आदेश

X of the Act. 13. We have carefully considered the rival submissions, perused the orders of the authorities below, and duly examined the material available on record. 14. The issue relates to the transfer pricing adjustment made by the TPO and confirmed by the CIT(A) by imputing notional interest on receivables outstanding from AEs beyond a credit period

THE DCIT, PATAN CIRCLE,, PATAN vs. RANJIT BUILDCON LTD.,, UNJHA

Bench: Ms. Suchitra Kamble & Shri Narendra Prasad Sinha

68,27,829.00 2,96,79,945.57 SURENDRANAGAR 16 PIPE LINE PIPE LINE WORK RIYADHAR RMC 12,80,74,034.00 33,91,209.74 17 ROAD PATAN SIHORI UNIHA ROAD 1,64,30,319.00 89,386.20 WORK 18 ROAD SURENDRANAGAR - VIRAMGAM 94,38,106.00 5,29,730.45 ROAD WORK 19 BUILDING EWS QUATTER WORK AUDA

THE ACIT., PATAN CIRCLE,, PATAN vs. M/S. RANJIT BUILDCON LTD.,, UNJHA

Bench: Ms. Suchitra Kamble & Shri Narendra Prasad Sinha

68,27,829.00 2,96,79,945.57 SURENDRANAGAR 16 PIPE LINE PIPE LINE WORK RIYADHAR RMC 12,80,74,034.00 33,91,209.74 17 ROAD PATAN SIHORI UNIHA ROAD 1,64,30,319.00 89,386.20 WORK 18 ROAD SURENDRANAGAR - VIRAMGAM 94,38,106.00 5,29,730.45 ROAD WORK 19 BUILDING EWS QUATTER WORK AUDA

THE DCIT, PATAN CIRCLE,, PATAN vs. RANJIT BUILDCON LTD.,, UNJHA

Bench: Ms. Suchitra Kamble & Shri Narendra Prasad Sinha

68,27,829.00 2,96,79,945.57 SURENDRANAGAR 16 PIPE LINE PIPE LINE WORK RIYADHAR RMC 12,80,74,034.00 33,91,209.74 17 ROAD PATAN SIHORI UNIHA ROAD 1,64,30,319.00 89,386.20 WORK 18 ROAD SURENDRANAGAR - VIRAMGAM 94,38,106.00 5,29,730.45 ROAD WORK 19 BUILDING EWS QUATTER WORK AUDA

THE DCIT, PATAN CIRCLE,, PATAN vs. RANJIT BUILDCON LTD.,, UNJHA

Bench: Ms. Suchitra Kamble & Shri Narendra Prasad Sinha

68,27,829.00 2,96,79,945.57 SURENDRANAGAR 16 PIPE LINE PIPE LINE WORK RIYADHAR RMC 12,80,74,034.00 33,91,209.74 17 ROAD PATAN SIHORI UNIHA ROAD 1,64,30,319.00 89,386.20 WORK 18 ROAD SURENDRANAGAR - VIRAMGAM 94,38,106.00 5,29,730.45 ROAD WORK 19 BUILDING EWS QUATTER WORK AUDA

THE DY.COMMISSIONER OF INCOME TAX, PATAN CIRCLE,, PATAN vs. M/S. RANJIT BUILDCON LTD.,, UNJHA

Bench: Ms. Suchitra Kamble & Shri Narendra Prasad Sinha

68,27,829.00 2,96,79,945.57 SURENDRANAGAR 16 PIPE LINE PIPE LINE WORK RIYADHAR RMC 12,80,74,034.00 33,91,209.74 17 ROAD PATAN SIHORI UNIHA ROAD 1,64,30,319.00 89,386.20 WORK 18 ROAD SURENDRANAGAR - VIRAMGAM 94,38,106.00 5,29,730.45 ROAD WORK 19 BUILDING EWS QUATTER WORK AUDA

THE ACIT, PATAN CIRCLE,, PATAN vs. RANJIT BUILDCON LTD.,, UNJHA

Bench: Ms. Suchitra Kamble & Shri Narendra Prasad Sinha

68,27,829.00 2,96,79,945.57 SURENDRANAGAR 16 PIPE LINE PIPE LINE WORK RIYADHAR RMC 12,80,74,034.00 33,91,209.74 17 ROAD PATAN SIHORI UNIHA ROAD 1,64,30,319.00 89,386.20 WORK 18 ROAD SURENDRANAGAR - VIRAMGAM 94,38,106.00 5,29,730.45 ROAD WORK 19 BUILDING EWS QUATTER WORK AUDA

THE ACIT, PATAN CIRCLE,, PATAN vs. RANJIT BUILDCON LTD.,, UNJHA

Bench: Ms. Suchitra Kamble & Shri Narendra Prasad Sinha

68,27,829.00 2,96,79,945.57 SURENDRANAGAR 16 PIPE LINE PIPE LINE WORK RIYADHAR RMC 12,80,74,034.00 33,91,209.74 17 ROAD PATAN SIHORI UNIHA ROAD 1,64,30,319.00 89,386.20 WORK 18 ROAD SURENDRANAGAR - VIRAMGAM 94,38,106.00 5,29,730.45 ROAD WORK 19 BUILDING EWS QUATTER WORK AUDA

THE DCIT, PATAN CIRCLE,, PATAN vs. RANJIT BUILDCON LTD.,, UNJHA

Bench: Ms. Suchitra Kamble & Shri Narendra Prasad Sinha

68,27,829.00 2,96,79,945.57 SURENDRANAGAR 16 PIPE LINE PIPE LINE WORK RIYADHAR RMC 12,80,74,034.00 33,91,209.74 17 ROAD PATAN SIHORI UNIHA ROAD 1,64,30,319.00 89,386.20 WORK 18 ROAD SURENDRANAGAR - VIRAMGAM 94,38,106.00 5,29,730.45 ROAD WORK 19 BUILDING EWS QUATTER WORK AUDA

THE DY.COMMISSIONER OF INCOME TAX, PATAN CIRCLE,, PATAN vs. M/S. RANJIT BUILDCON LTD.,, UNJHA

Bench: Ms. Suchitra Kamble & Shri Narendra Prasad Sinha

68,27,829.00 2,96,79,945.57 SURENDRANAGAR 16 PIPE LINE PIPE LINE WORK RIYADHAR RMC 12,80,74,034.00 33,91,209.74 17 ROAD PATAN SIHORI UNIHA ROAD 1,64,30,319.00 89,386.20 WORK 18 ROAD SURENDRANAGAR - VIRAMGAM 94,38,106.00 5,29,730.45 ROAD WORK 19 BUILDING EWS QUATTER WORK AUDA

KIFS SECURITIES LTD.,,AHMEDABAD vs. THE JT.CIT, RANGE- 3,, AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

x) of clause (24) of section (2) applies, the assessee shall be entitled to deduction in computing the income referred to in section 28 with respect to such sum credited by the assessee to the employees' account in the relevant fund or funds on or before the "due date" mentioned in explanation to section

THE DY. CIT., CIRCLE-3,, AHMEDABAD vs. KHANDWALA INTEGRATED FINANCIAL SERVICES PVT. LTD, AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

x) of clause (24) of section (2) applies, the assessee shall be entitled to deduction in computing the income referred to in section 28 with respect to such sum credited by the assessee to the employees' account in the relevant fund or funds on or before the "due date" mentioned in explanation to section

KIFS SECURITIES LTD.,,AHMEDABAD vs. THE JT.CIT, RANGE- 3,, AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

x) of clause (24) of section (2) applies, the assessee shall be entitled to deduction in computing the income referred to in section 28 with respect to such sum credited by the assessee to the employees' account in the relevant fund or funds on or before the "due date" mentioned in explanation to section

KIFS SECURITIES PVT. LTD.,,AHMEDABAD vs. THE ACIT, CIRCLE-1(3),, AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

x) of clause (24) of section (2) applies, the assessee shall be entitled to deduction in computing the income referred to in section 28 with respect to such sum credited by the assessee to the employees' account in the relevant fund or funds on or before the "due date" mentioned in explanation to section

THE ACIT, CIRCLE-3,, AHMEDABAD vs. KIFS SECURITIES LIMITED,, AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

x) of clause (24) of section (2) applies, the assessee shall be entitled to deduction in computing the income referred to in section 28 with respect to such sum credited by the assessee to the employees' account in the relevant fund or funds on or before the "due date" mentioned in explanation to section

DY.COMMISSIONER OF INCOME TAX CIRCLE-1(3),, AHMEDABAD vs. KIFS PVT.LTD.,, AHMEDABAD

In the result Ground No.9 of the revenue is allowed for

Bench: Hon'Ble Justice P.P.Bhatt & Hon'Ble Manish Borad

x) of clause (24) of section (2) applies, the assessee shall be entitled to deduction in computing the income referred to in section 28 with respect to such sum credited by the assessee to the employees' account in the relevant fund or funds on or before the "due date" mentioned in explanation to section