PRIMETALS TECHNOLOGIES INDIA PVT. LTD.,KOLKATA vs. ACIT, CIRCLE - 1(1), KOLKATA, KOLKATA

In the result, appeals of the assessee for Assessment Year 2017-18

Bench: Dr. Manish Borad, Hon’Ble & Shri Sonjoy Sarma, Hon’Blei.T.A. No. 371 & 372/Kol/2022 Assessment Year: 2017-18 & 2018-19 Primetals Technologies India Pvt. Ltd. Acit, Circle-1(1), Kolkata 5Th Floor, Tower-C Vs Dlf, It Park-I 08 Majore Arterial Road New Town Kolkata - 700156 [Pan : Aaecv9657M] अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Ajoy Vora, Sr. Advocate & Pooja Saraf, Ar Revenue By : Shri Rakesh Kumar Das, Cit, D/R सुनवाई क" तारीख/Date Of Hearing : 21/02/2024 घोषणा क" तारीख /Date Of Pronouncement: 16/05/2024 आदेश/O R D E R Per Dr. Manish Borad: The Present Appeals Are Directed At The Instance Of The Assessee Against The Final Assessment Orders Framed U/S 143(3) R.W.S. 144C & 144C(5) Of The Income Tax Act, 1961 (Hereinafter ‘The Act’) By The Deputy Commissioner Of Income Tax, Circle – 1(1), Kolkata (Hereinafter The “Ld. Ao”) Even Dt. 29/04/2022, Passed In Pursuance Of The Directions Of The Ld. Dispute Resolution Panel -2, New Delhi, Dt. 18/02/2022 For Assessment Year 2017-18 & Dt. 04/03/2022 For Assessment Year 2018-19, Passed U/S 144C(5) Of The Act. 2. The Assessee Has Raised The Following Grounds Of Appeal For Assessment Year 2017-18:- “Ground 1:

144C(5) of the Act and the Directions of the Hon’ble Dispute Resolution Panel (hereinafter referred to as ‘Hon’ble DRP’) dated February 18, 2022 for the said assessment year 2017-18 are contrary to the provisions of law and erroneous on the facts of the case and are liable to be set aside and/or quashed. Ground 2: That

EVEREADY INDUSTRIES INDIA LTD.,KOLKATA vs. DCIT, CIRCLE - 11(1), KOLKATA, KOLKATA

In the result, the appeal of the assessee is partly allowed

Bench: Shri P.M. Jagtap, Vice-(Kz) & Shri S.S. Viswanethra Ravi

depreciation 2.Low Income Not applicable for EIIL shown by the contractor 3.Large refund Point no. 3 of our 140 claimed of advance letter 140 tax dtd.21.12.15 4.Large deduction u/s . Point no. 2 of our 136 & 137 35, 35(2AA) & letter dtd.18.11.15 and 35(2AB) point no. 2 of 08.03.16 5.High Ratio of Point no. 6 of our 138 Refund

DCIT, CENTRAL CIRCLE - 2(1), KOLKATA , KOLKATA vs. M/S. PAHARPUR COOLING TOWERS LTD., , KOLKATA

Bench: Shri S.S.Godara & Dr. A.L.Saini

144C(3) of the Income Tax Act, 1961; in short ‘the Act’. Heard both the parties. Case file(s) / paper books forming part of records stand perused. It transpires at the outset that these cases involved almost identical issue(s). The same are therefore disposed of vide our ideal common adjudication. 2. Coming to Revenue’s three appeals ITA No.217

DCIT, CENTRAL CIRCLE - 2(1), KOLKATA , KOLKATA vs. M/S. PAHARPUR COOLING TOWERS LTD., , KOLKATA

Bench: Shri S.S.Godara & Dr. A.L.Saini

144C(3) of the Income Tax Act, 1961; in short ‘the Act’. Heard both the parties. Case file(s) / paper books forming part of records stand perused. It transpires at the outset that these cases involved almost identical issue(s). The same are therefore disposed of vide our ideal common adjudication. 2. Coming to Revenue’s three appeals ITA No.217

DCIT, CENTRAL CIRCLE - 2(1), KOLKATA , KOLKATA vs. M/S. PAHARPUR COOLING TOWERS LTD., , KOLKATA

Bench: Shri S.S.Godara & Dr. A.L.Saini

144C(3) of the Income Tax Act, 1961; in short ‘the Act’. Heard both the parties. Case file(s) / paper books forming part of records stand perused. It transpires at the outset that these cases involved almost identical issue(s). The same are therefore disposed of vide our ideal common adjudication. 2. Coming to Revenue’s three appeals ITA No.217

DCIT, CIRCLE - 10(1), KOLKATA, KOLKATA vs. M/S. EUREKA FORBES LTD., , KOLKATA

In the result, the appeals filed by the Revenue for the A

Bench: Shri S. S. Godara, J.M. & Dr.A.L.Saini, A.M.)

section 144C of the Income-Tax Act, 1961 (in short, the Act), dated 30-04-2014 and 19-03-2015 respectively. 2. The Revenue is in appeal for the A.Ys 2010-11 & 2011-12 vide ITA Nos. 2159 & 2160/Kol/2017. Similarly, the assesse is in cross appeals for the A.Ys 2010-11 & 2011-12, vide ITA Nos. 2170 & 2171/Kol/2017 respectively. Since

M/S. EUREKA FORBES LTD., ,KOLKATA vs. ADDL.CIT, CIRCLE - 10, KOLKATA, KOLKATA

In the result, the appeals filed by the Revenue for the A

Bench: Shri S. S. Godara, J.M. & Dr.A.L.Saini, A.M.)

section 144C of the Income-Tax Act, 1961 (in short, the Act), dated 30-04-2014 and 19-03-2015 respectively. 2. The Revenue is in appeal for the A.Ys 2010-11 & 2011-12 vide ITA Nos. 2159 & 2160/Kol/2017. Similarly, the assesse is in cross appeals for the A.Ys 2010-11 & 2011-12, vide ITA Nos. 2170 & 2171/Kol/2017 respectively. Since

DCIT, CIRCLE - 10(1), KOLKATA, KOLKATA vs. M/S. EUREKA FORBES LTD., , KOLKATA

In the result, the appeals filed by the Revenue for the A

Bench: Shri S. S. Godara, J.M. & Dr.A.L.Saini, A.M.)

section 144C of the Income-Tax Act, 1961 (in short, the Act), dated 30-04-2014 and 19-03-2015 respectively. 2. The Revenue is in appeal for the A.Ys 2010-11 & 2011-12 vide ITA Nos. 2159 & 2160/Kol/2017. Similarly, the assesse is in cross appeals for the A.Ys 2010-11 & 2011-12, vide ITA Nos. 2170 & 2171/Kol/2017 respectively. Since

M/S. EUREKA FORBES LTD., ,KOLKATA vs. ADDL.CIT, CIRCLE - 10, KOLKATA, KOLKATA

In the result, the appeals filed by the Revenue for the A

Bench: Shri S. S. Godara, J.M. & Dr.A.L.Saini, A.M.)

section 144C of the Income-Tax Act, 1961 (in short, the Act), dated 30-04-2014 and 19-03-2015 respectively. 2. The Revenue is in appeal for the A.Ys 2010-11 & 2011-12 vide ITA Nos. 2159 & 2160/Kol/2017. Similarly, the assesse is in cross appeals for the A.Ys 2010-11 & 2011-12, vide ITA Nos. 2170 & 2171/Kol/2017 respectively. Since

A T AND S INDIA PRIVATE LIMITED,NANJANGUD,MYSORE vs. PRINCIPAL COMMISSIONER OF INCOME TAX,KOLKATA-2, KOLKATA

In the result, the appeal of the assessee is allowed

Bench: Shri Rajesh Kumar, Am & Shri Pradip Kumar Choubey, Jm Pcit, Kolkata-2 A T & S India Private Limited Aaykar Bhavan, P-7, 12A, Industrial Area Nanjangud Chowringhee Square, Vs. H.O, Mysore-571301, Karnataka Kolkata-700069, West Bengal (Appellant) (Respondent) Pan No. Aaeca2930J Assessee By : Shri Anup Sinha, Ar Revenue By : Shri Abhijit Kundu, Dr Date Of Hearing: 09.12.2024 Date Of Pronouncement : 21.01.2025

144C(3) read with section 144B of the Act vide order dated 15.11.2001 copy of which is available in the paper book at page no.15 to 18. The ld. PCIT revised the said order on two grounds namely one the assessee debiting and charging an amount of ₹2,42,60,000/- on account of provisions for warranty in the profit

EIH LIMITED,KOLKATA vs. DCIT, CIR-8(1)KOL., KOLKATA

In the result, assessee’s appeal stands partly allowed for statistical purpose

Bench: Shri N.V.Vasudevan & Shri Waseem Ahmedassessment Year :2012-13 Eih Ltd V/S. Dcit, Circle-8(1), 4, Mangoe Lane, Aayakar Bhawan, P-7, Kolkata-700 001 Chowringhee Square, [Pan No.Aaace 6898 B] Kolkata-69 .. अपीलाथ" /Appellant ""यथ"/Respondent Shri Ravi Sharma, Ar अपीलाथ" क" ओर से/By Appellant Shri P.K. Srihari, Cit-Dr ""यथ" क" ओर से/By Respondent 27-02-2018 सुनवाई क" तार"ख/Date Of Hearing 16-05-2018 घोषणा क" तार"ख/Date Of Pronouncement आदेश /O R D E R Per Waseem Ahmed:- This Appeal By The Assessee Is Directed Against The Order Of Dispute Resolution Panel-2, (Drp For Short) Dated 17.10.2016. Assessment Was Framed By Dcit, Circle-8(1), Kolkata U/S 144C(13)/143(3) Of The Income Tax Act, 1961 (Hereinafter Referred To As ‘The Act’) Vide His Order Dated 29.11.2016 For Assessment Year 2012-13 & Grounds Raised By Assessee Read As Under:- “1.0 Determination Of Arm'S Length Price For Corporate Guarantee Fees 1.1 On The Facts & In The Circumstances Of The Case & In Law, The Learned Transfer Pricing Officer (Hereinafter Referred To As "Ld, Tpo") & Accordingly Learned Assessing Officer (Hereinafter Referred To As "Ld. Ao") Erred In Treating The Corporate Guarantee Extended By The Appellant To Its Associated Enterprise (Ae) As International Transaction & Dispute Resolution Panel (Hereinafter Referred To As "Ld, Panel") Erred In Confirming The Same As An International Transaction Without Appreciating The Fact That It Does Not Fall Within The Ambit Of "International Transaction" U/S 92B Of The Act. 1.2 The Ld.Ao/Tpo & The Ld. Panel Failed To Appreciate The Fact That Corporate Guarantee Has Been Advanced By The Appellant As A Matter Of Commercial Prudence To Protect The Business Interest Of The Group By Fulfilling

144C(13)/143(3) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) vide his order dated 29.11.2016 for assessment year 2012-13 and grounds raised by assessee read as under:- “1.0 Determination of arm's length price for Corporate Guarantee fees 1.1 On the facts and in the circumstances of the case & in law, the Learned

DCIT, CENTRAL CIRCLE - 4(4), KOLKATA, KOLKATA vs. M/S. ELECTROSTEEL CASTINGS LIMITED., KOLKATA

Bench: Shri S. S. Godara, Jm & Dr. A. L. Saini, Am आयकरअपीलसं./I.T.A Nos.138 & 139/Kol/2018 ("नधा"रण वष" / Assessment Year: 2012-13 & 2013-14) M/S. Electrosteel Castings Ltd. Vs. Dcit, Central Circle-4(4), Kolkata. 19, G. K. Tower, Camac Street, Kolkata – 700 017. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaace 4975 B (Assessee) .. (Revenue) & आयकरअपीलसं./I.T.A Nos.191 & 192/Kol/2018 ("नधा"रण वष" / Assessment Year: 2012-13 & 2013-14) Dcit, Central Circle-4(4), Vs. M/S. Electrosteel Castings Ltd. Kolkata. 19, G. K. Tower, Camac Street, Kolkata – 700 017. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaace 4975 B (Revenue) .. (Assessee)

144C of the Income Tax Act, 1961 (in short ‘the Act’). Heard both the parties. Case file perused. 2. It transpires during the course of hearing that almost all the issues raised in the instant cross-appeals filed at the both taxpayer’s and Revenue’s behest are identical and inter-connected. The assessee’s sole grievance in both

DCIT, CENTRAL CIRCLE - 4(4), KOLKATA, KOLKATA vs. M/S. ELECTROSTEEL CASTINGS LIMITED., KOLKATA

Bench: Shri S. S. Godara, Jm & Dr. A. L. Saini, Am आयकरअपीलसं./I.T.A Nos.138 & 139/Kol/2018 ("नधा"रण वष" / Assessment Year: 2012-13 & 2013-14) M/S. Electrosteel Castings Ltd. Vs. Dcit, Central Circle-4(4), Kolkata. 19, G. K. Tower, Camac Street, Kolkata – 700 017. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaace 4975 B (Assessee) .. (Revenue) & आयकरअपीलसं./I.T.A Nos.191 & 192/Kol/2018 ("नधा"रण वष" / Assessment Year: 2012-13 & 2013-14) Dcit, Central Circle-4(4), Vs. M/S. Electrosteel Castings Ltd. Kolkata. 19, G. K. Tower, Camac Street, Kolkata – 700 017. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaace 4975 B (Revenue) .. (Assessee)

144C of the Income Tax Act, 1961 (in short ‘the Act’). Heard both the parties. Case file perused. 2. It transpires during the course of hearing that almost all the issues raised in the instant cross-appeals filed at the both taxpayer’s and Revenue’s behest are identical and inter-connected. The assessee’s sole grievance in both

M/S. ELECTROSTEEL CASTING LIMITED.,KOLKATA vs. DCIT, CENTAL CIRCLE - 4(4), KOLKATA, KOLKATA

Bench: Shri S. S. Godara, Jm & Dr. A. L. Saini, Am आयकरअपीलसं./I.T.A Nos.138 & 139/Kol/2018 ("नधा"रण वष" / Assessment Year: 2012-13 & 2013-14) M/S. Electrosteel Castings Ltd. Vs. Dcit, Central Circle-4(4), Kolkata. 19, G. K. Tower, Camac Street, Kolkata – 700 017. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaace 4975 B (Assessee) .. (Revenue) & आयकरअपीलसं./I.T.A Nos.191 & 192/Kol/2018 ("नधा"रण वष" / Assessment Year: 2012-13 & 2013-14) Dcit, Central Circle-4(4), Vs. M/S. Electrosteel Castings Ltd. Kolkata. 19, G. K. Tower, Camac Street, Kolkata – 700 017. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaace 4975 B (Revenue) .. (Assessee)

144C of the Income Tax Act, 1961 (in short ‘the Act’). Heard both the parties. Case file perused. 2. It transpires during the course of hearing that almost all the issues raised in the instant cross-appeals filed at the both taxpayer’s and Revenue’s behest are identical and inter-connected. The assessee’s sole grievance in both

M/S. ELECTROSTEEL CASTING LIMITED.,KOLKATA vs. DCIT, CENTAL CIRCLE - 4(4), KOLKATA, KOLKATA

Bench: Shri S. S. Godara, Jm & Dr. A. L. Saini, Am आयकरअपीलसं./I.T.A Nos.138 & 139/Kol/2018 ("नधा"रण वष" / Assessment Year: 2012-13 & 2013-14) M/S. Electrosteel Castings Ltd. Vs. Dcit, Central Circle-4(4), Kolkata. 19, G. K. Tower, Camac Street, Kolkata – 700 017. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaace 4975 B (Assessee) .. (Revenue) & आयकरअपीलसं./I.T.A Nos.191 & 192/Kol/2018 ("नधा"रण वष" / Assessment Year: 2012-13 & 2013-14) Dcit, Central Circle-4(4), Vs. M/S. Electrosteel Castings Ltd. Kolkata. 19, G. K. Tower, Camac Street, Kolkata – 700 017. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaace 4975 B (Revenue) .. (Assessee)

144C of the Income Tax Act, 1961 (in short ‘the Act’). Heard both the parties. Case file perused. 2. It transpires during the course of hearing that almost all the issues raised in the instant cross-appeals filed at the both taxpayer’s and Revenue’s behest are identical and inter-connected. The assessee’s sole grievance in both

M/S. TEGA INDUSTRIES LIMITED,KOLKATA vs. D.C.I.T., CIRCLE - 11(1), KOLKATA

In the result, the appeal filed by the assessee is partly allowed

Bench: Shri George Mathan & Shri Rakesh Mishra

144C(5) dated 11.06.2024 as aforesaid has rejected the objections of the assessee and upheld the addition made on this issue. The relevant part of the DRP's direction is as below” I.T.A. No.: 1875/KOL/2024 Assessment Year: 2020-21 M/s. Tega Industries Limited. 8.1. Before us the assessee has relied upon the decision of Hon'ble Gujarat High Court

D.C.I.T., CC - 4(4), KOLKATA, KOLKATA vs. ELECTROSTEEL CASTING LTD., KOLKATA

In the result, the appeal of the revenue is dismissed

Bench: Shri Rajpal Yadav, Vice- & Shri Girish Agrawalassessment Years: 2016-17 Deputy Commissioner Of M/S. Electrosteel Casting Ltd. Income-Tax, Central G.K. Tower Vs. Circle-4(4), Kolkata. 19, Camac Street Kolkata -700017 (Pan: Aaace4975B) (Appellant) (Respondent)

144C(3) of the Income-tax Act, 1961 (hereinafter referred to as ‘the Act’) passed by ACIT, Central Circle – 4(4), Kolkata, dated 28/02/2020. 2. Shri G. Hukugha Sema, CIT, appeared for the revenue and Sri Ravi Tulsiyan, Advocate, A/R, appeared for the assessee. 3. Revenue has taken as many as ten grounds of appeal. From the perusal of grounds

ACIT, CEN.CIR.-4(4), KOLKATA , KOLKATA vs. M/S ELECTRSTEEL CASTINGS LTD., KOLKATA

In the result, both, the appeal of the revenue and the cross objections of the assessee are dismissed

Bench: Shri Rajpal Yadav, Vice- & Shri Girish Agrawalita Nos.2303 & 2304/Kol/2019 Assessment Years: 2014-15 & 2015-16 Assistant Commissioner M/S. Electrosteel Casting Ltd. Vs. Of Income-Tax, Central (Pan: Aaace4975B) Circle-4(4), Kolkata. (Appellant) (Respondent) & C.O. Nos. 24 & 25/Kol/2020 In Ita Nos.2303 & 2304/Kol/2019 Assessment Years: 2014-15 & 2015-16 M/S. Electrosteel Casting Assistant Commissioner Of Vs. Ltd. Income-Tax, Central Circle- 4(4), Kolkata. (Cross Objector) (Respondent) Present For: Department By - Shri Deba Kumar Sonowal & Shri Tushar Dhawal Singh, Cit Assessee By - Shri S. K. Tulsiyan, Advocate & Ms. Puja Somani, Ca Date Of Hearing : 17.03.2022 Date Of Pronouncement : 17.05.2022 O R D E R Per Girish Agrawal: Both These Appeals By The Revenue & The Cross Objection By The Assessee Are Directed Against The Separate Orders Passed By The Ld. Cit(A)-22 Kolkata Vide Appeal No. 46/Cit(A)-22/2014-15/17-18/Kol & 133/Cit(A)-22/2015-16/18-19/Kol Dated 31.07.2019 For A.Ys. 2014-15 & 2015-16 Against The Separate Assessment Orders Passed U/S 143(3) R.W.S. 144C Of The Income-Tax Act, 1961 (Hereinafter Referred To As ‘The Act’) Passed By Dcit, Central Circle – 4(4), Kolkata, Dated 29.01.2018 & Acit, Central Circle-4(4), Kolkata Dated 29.12.2018 Respectively. C.O. Nos. 24 & 25/Kol/2020 Electrosteel Casting Ltd. Ays 2014-15 & 2015-16 2. Shri Deba Kumar Sonowal & Tushar Dhawal Singh, Cit Appeared For The Revenue & Sri S. K. Tulsiyan, Advocate & Ms. Puja Somani, Ca Appeared For The Assessee.

144C of the Income-tax Act, 1961 (hereinafter referred to as ‘the Act’) passed by DCIT, Central Circle – 4(4), Kolkata, dated 29.01.2018 and ACIT, Central Circle-4(4), Kolkata dated 29.12.2018 respectively. C.O. Nos. 24 & 25/Kol/2020 Electrosteel Casting Ltd. AYs 2014-15 & 2015-16 2. Shri Deba Kumar Sonowal and Tushar Dhawal Singh, CIT appeared for the revenue