DY.CIT 7(1) (1) , MUMBAI vs. M/S. MATTEL TOYS (INDIA) PVT. LTD, MUMBAI

In the result, the appeal of the Revenue is dismissed, whereas,

Bench: Shri Vikas Awasthy () & Shri Om Prakash Kant () Assessment Year: 2012-13 Dy. Cit, Circle-7(1)(1), M/S Mattel Toys (India) Pvt. Ltd., Room No. 126, 1St Floor, Phoenix House, B-Wing, 4Th Floor, Vs. Aayakar Bhavan, M.K. Road, 462, Senapati Bapat Marg, Lower Mumbai-400020. Parel, Mumbai-400013. Pan No. Aaccm 2563 P Appellant Respondent

House, B-Wing, 4th floor, Room No. 126, 1st floor, Vs. 462, Senapati Bapat Marg, Aayakar Bhavan, Lower Parel, M.K. Road, Mumbai-400013. Mumbai-400020. PAN No. AACCM 2563 P Appellant Respondent : Assessee by Mr. Ketan Ved, AR Revenue by : Mr. Jitendra Kumar, Sr. DR : Date of Hearing 07/11/2022 : Date of pronouncement 29/12/2022 M/s Mattel Toys (India

PRUDENTIAL PROCESS MANAGEMENT SERVICES INDIA P.LTD,MUMBAI vs. DCIT RG 10(3), MUMBAI

In the result, the assessee’s appeal is allowed for statistical purpose and the Revenue’s appeal and cross objection by the assessee stands dismissed

Bench: Shri Shamim Yahya, Am & Shri Pawan Singh, Jm आयकर अपील सं./I.T.A. No. 1274/Mum/2014 ("नधा"रण वष" / Assessment Year: 2009-10) & Co No. 102/Mum/2014 (Arising Out Of Ita No. 2131/Mum/2014) ("नधा"रण वष" / Assessment Year: 2009-10) Prudential Process Management The Dy. Commissioner Of Income Services India Private Limited, Tax, Range-10(3), बनाम/ Prudential Centre Avenue, Aayakar Bhavan, M. K. Road, Vs. Hiranandani Business Park, Mumbai-400 020 Powai, Mumbai-400 076 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. Aaccp 7204 Q (Assessee) (Revenue) : & आयकर अपील सं./I.T.A. No. 2131/Mum/2014 ("नधा"रण वष" / Assessment Year: 2009-10) The Dy. Commissioner Of Income Prudential Process Management Tax, Range-10(3), Services India Private Limited, बनाम/ Room No. 451, 4Th Floor, Prudential Centre Avenue, Vs. Aayakar Bhavan, M. K. Road, Hiranandani Business Park, Mumbai-400 020 Powai, Mumbai-400 076 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. Aaccp 7204 Q (Revenue) : (Assessee) : Shri Percy J. Pardiwala/ Assessee By Shri Madhur Agrawal Revenue By : Shri Jayant Kumar/ Shri V. Jenardhanan सुनवाई क" तार"ख / : 21.12.2017 & 23.03.2018 Date Of Hearing घोषणा क" तार"ख / : 13.04.2018 Date Of Pronouncement

92B. It is further the fact gathered by TPO from public domain and as such not disputed by the assessee that the resultant saving of £60 million per year by 2010 to Prudential UK and no portion of such benefit is there to assessee. 2.2.24 In view of detailed discussion above, we are satisfied that the above transaction

DCIT RG. - 6(3), MUMBAI vs. M/S. KANSAI NEROLAC PAINTS LTD., MUMBAI

Accordingly we see no infirmity in the decision of CIT(A) and uphold the decision of the CIT(A). This ground of the revenue is dismissed

Bench: Shri Amit Shukla () & Ms. Padmavathy S. ()

House, G.K. Marg, Lower Power, Mumbai-400 013 PAN : AAACG1376N ASSESSEE RESPONDENT Present for the Assessee Mrs.Aarti Vissanji Present for the Department Shri. Rajesh Pardeshi, JCIT Date of hearing 17/11/2023 Date of pronouncement 04/12/2023 2 Kansai Nerolac Paints Limited I.T.A. No.3384&3385/Mum/2014 I.T.A. No.3642/Mum/2016 and I.T.A. No.4562&4607/Mum/2017 O R D E R Per Padmavathy S, AM: These appeal filed

KANSAI NEROLAC PAINTS LIMITED (ERSTWHILE KNOWN AS GOODLASS NEROLAC PAINTS LIMITED),MUMBAI vs. ADDL CIT, RANGE 6 (2), MUMBAI

Accordingly we see no infirmity in the decision of CIT(A) and uphold the decision of the CIT(A). This ground of the revenue is dismissed

Bench: Shri Amit Shukla () & Ms. Padmavathy S. ()

House, G.K. Marg, Lower Power, Mumbai-400 013 PAN : AAACG1376N ASSESSEE RESPONDENT Present for the Assessee Mrs.Aarti Vissanji Present for the Department Shri. Rajesh Pardeshi, JCIT Date of hearing 17/11/2023 Date of pronouncement 04/12/2023 2 Kansai Nerolac Paints Limited I.T.A. No.3384&3385/Mum/2014 I.T.A. No.3642/Mum/2016 and I.T.A. No.4562&4607/Mum/2017 O R D E R Per Padmavathy S, AM: These appeal filed

KANSAI NEROLAC PAINTS LTD,MUMBAI vs. DCIT RG 6(2), MUMBAI

Accordingly we see no infirmity in the decision of CIT(A) and uphold the decision of the CIT(A). This ground of the revenue is dismissed

Bench: Shri Amit Shukla () & Ms. Padmavathy S. ()

House, G.K. Marg, Lower Power, Mumbai-400 013 PAN : AAACG1376N ASSESSEE RESPONDENT Present for the Assessee Mrs.Aarti Vissanji Present for the Department Shri. Rajesh Pardeshi, JCIT Date of hearing 17/11/2023 Date of pronouncement 04/12/2023 2 Kansai Nerolac Paints Limited I.T.A. No.3384&3385/Mum/2014 I.T.A. No.3642/Mum/2016 and I.T.A. No.4562&4607/Mum/2017 O R D E R Per Padmavathy S, AM: These appeal filed

KANSAI NEROLAC PAINTS LIMITED (ERSTWHILE KNOWN AS GOODLASS NEROLAC PAINTS LIMITED),MUMBAI vs. ADDL. CIT, RANGE 6 (2), MUMBAI

Accordingly we see no infirmity in the decision of CIT(A) and uphold the decision of the CIT(A). This ground of the revenue is dismissed

Bench: Shri Amit Shukla () & Ms. Padmavathy S. ()

House, G.K. Marg, Lower Power, Mumbai-400 013 PAN : AAACG1376N ASSESSEE RESPONDENT Present for the Assessee Mrs.Aarti Vissanji Present for the Department Shri. Rajesh Pardeshi, JCIT Date of hearing 17/11/2023 Date of pronouncement 04/12/2023 2 Kansai Nerolac Paints Limited I.T.A. No.3384&3385/Mum/2014 I.T.A. No.3642/Mum/2016 and I.T.A. No.4562&4607/Mum/2017 O R D E R Per Padmavathy S, AM: These appeal filed

M/S. KANSAI NEROLAC PAINTS LTD.,MUMBAI vs. DCIT RG. - 6(3), MUMBAI

Accordingly we see no infirmity in the decision of CIT(A) and uphold the decision of the CIT(A). This ground of the revenue is dismissed

Bench: Shri Amit Shukla () & Ms. Padmavathy S. ()

House, G.K. Marg, Lower Power, Mumbai-400 013 PAN : AAACG1376N ASSESSEE RESPONDENT Present for the Assessee Mrs.Aarti Vissanji Present for the Department Shri. Rajesh Pardeshi, JCIT Date of hearing 17/11/2023 Date of pronouncement 04/12/2023 2 Kansai Nerolac Paints Limited I.T.A. No.3384&3385/Mum/2014 I.T.A. No.3642/Mum/2016 and I.T.A. No.4562&4607/Mum/2017 O R D E R Per Padmavathy S, AM: These appeal filed

ACIT, CIRCLE - 2(1)(1) , MUMBAI vs. THE BOMBAY DYEING & MFG. CO. LTD. , MUMBAI

Bench: Shri Kuldip Singh & Shri Gagan Goyalassessment Year : 2009-10 & Assessment Year: 2010-11

House, Vs. 5th Floor, J.N. Heredia Marg, Aayakar Bhavan, Ballard Estate, M.K. Road, Mumbai – 400 001 Mumbai - 400020 PAN: AAACT2328K (Appellant) (Respondent) Present for: Assessee by : Shri Yogesh Thar, A.R. Shri Chaitanya D. Joshi, A.R Revenue by : Dr. Yogesh Kamar, D.R. 2 M/s. The Bombay Dyeing & Mfg. Co. Ltd. Date of Hearing : 25/26 . 05 . 2022 Date of Pronouncement

DCIT CIRCLE- 2(1)(1), MUMBAI vs. M/S BOMBAY DYEING & MANUFACTURING CO. LTD, MUMBAI

Bench: Shri Kuldip Singh & Shri Gagan Goyalassessment Year : 2009-10 & Assessment Year: 2010-11

House, Vs. 5th Floor, J.N. Heredia Marg, Aayakar Bhavan, Ballard Estate, M.K. Road, Mumbai – 400 001 Mumbai - 400020 PAN: AAACT2328K (Appellant) (Respondent) Present for: Assessee by : Shri Yogesh Thar, A.R. Shri Chaitanya D. Joshi, A.R Revenue by : Dr. Yogesh Kamar, D.R. 2 M/s. The Bombay Dyeing & Mfg. Co. Ltd. Date of Hearing : 25/26 . 05 . 2022 Date of Pronouncement

ACIT, CIRCLE - 2(1)(1) , MUMBAI vs. THE BOMBAY DYEING & MFG. CO. LTD. , MUMBAI

Bench: Shri Kuldip Singh & Shri Gagan Goyalassessment Year : 2009-10 & Assessment Year: 2010-11

House, Vs. 5th Floor, J.N. Heredia Marg, Aayakar Bhavan, Ballard Estate, M.K. Road, Mumbai – 400 001 Mumbai - 400020 PAN: AAACT2328K (Appellant) (Respondent) Present for: Assessee by : Shri Yogesh Thar, A.R. Shri Chaitanya D. Joshi, A.R Revenue by : Dr. Yogesh Kamar, D.R. 2 M/s. The Bombay Dyeing & Mfg. Co. Ltd. Date of Hearing : 25/26 . 05 . 2022 Date of Pronouncement

GITANJALI EXPORTS CORPON. LTD,MUMBAI vs. ADDL CIT RG 5(1), MUMBAI

In the result, while appeal of the Assessing Officer is dismissed, the appeal of the assessee is allowed

House, Mumbai. [PAN: AABCG 2804 N] Vs. Addl. Commissioner of Income Tax ….......…..…………….…Respondent Range - 5 (1), Mumbai. Appearances by: Aarti Vissanji for the assessee N.K. Chand for Assessing Officer Date of concluding the hearing : January 14th, 2016 Date of pronouncing the order : March 31st, 2016 ORDER Per Pramod Kumar, AM: 1. These cross appeals are directed against the order dated

ACIT CEN CIR 2, MUMBAI vs. GITANJALI EXPORTS CORPORATION LTD, MUMBAI

In the result, while appeal of the Assessing Officer is dismissed, the appeal of the assessee is allowed

House, Mumbai. [PAN: AABCG 2804 N] Vs. Addl. Commissioner of Income Tax ….......…..…………….…Respondent Range - 5 (1), Mumbai. Appearances by: Aarti Vissanji for the assessee N.K. Chand for Assessing Officer Date of concluding the hearing : January 14th, 2016 Date of pronouncing the order : March 31st, 2016 ORDER Per Pramod Kumar, AM: 1. These cross appeals are directed against the order dated

THE BOMBAY DYEING & MFG. CO. LTD,MUMBAI vs. DCIT RG 2(1)(1), MUMBAI

Bench: Sri Mahavir Singh, Jm & Sri N K Pradhan, Am The Bombay Dyeing & Mfg. Co. Dy. Commissioner Of Limited Income Tax, Range- Neville House, J.N. Heradia Marg, 2(1)(1), Mumbai Vs. Ballard Estate, Mumbai-400 001 Room No.561, Aayakar Pan No.Aaact2328K Bhavan, Mumbai-400 020

House, J.N. Heradia Marg, 2(1)(1), Mumbai Vs. Ballard Estate, Mumbai-400 001 Room No.561, Aayakar PAN No.AAACT2328K Bhavan, Mumbai-400 020 Appellant .. Respondent Assessee by .. Shri Yogesh A. Thar & Shri D Doshi Ms. Rity Punjabi Ms. Ayushi Madani, Anrs Revenue by .. Shri Jayant Kumar, DR Date of hearing .. 18-08-2017 Date of pronouncement

THOMAS COOK (INDIA) LTD.,MUMBAI vs. ADDL/ JT/ DY/CIT/ASSTT/ITO, NATIONAL E-ASSESSMENT CENTRE, DELHI

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

Bench: Shri S. Rifaur Rahman, Hon'Ble & Ms. Kavitha Rajagopal, Hon'Ble

house property), 28 (Profits and gains of business), 45 (Capital gain) and 56 (Income from other Sources). Even Income arising from International Transaction between A.E. must satisfy the test of Income under the Act and must find its home in one of the above heads i.e. charging provisions. This the revenue has not been able to show”. Further, they observed

COLAGATE-PALMOLIVE (I) LTD,MUMBAI vs. ADDL CIT 10(3), MUMBAI

In the result, appeal of the assessee is allowed

Bench: Shri G.S. Pannu & Shri Pawan Singhcolgate Palmolive (India) Ltd., Additional Commissioner Of Colgate Research Centre, Income Tax-10(3) Main Street, Vs. Hiranandani, Gardens, Pawai, Mumbai-400076 Pan: Aaacc4309B Appellant Respondent

92B in relation to international transaction with its associated enterprises (AE). The return of income was selected for scrutiny. The assessing officer after taking necessary approval from the Commissioner of income tax, made a reference to transfer pricing officer (TPO) for determination of arm length price (ALP) with reference to transaction reported in form 3CEB related to research and development

ACIT 2(1), MUMBAI vs. BOMBAY DYEING & MANUFACTURING CO,. LTD, MUMBAI

In the result, ground of appeal raised by Revenue is dismissed

Bench: Shri R.C. Sharma & Shri Pawan Singhacit -2(1) M/S Bombay Dyeing & Mfg. Co. Aayakar Bhavan, M.K. Road, Ltd. Neville House, J N Heredia Room No. 575, 5Th Floor, M.K. Vs. Marg, Ballard Estate, Road, Mumbai-20. Mumbai-400001 Pan:Aaact2328K (Appellant) (Respondent) M/S Bombay Dyeing & Mfg. Co. Acit -2(1) Ltd. Neville House, J N Heredia Aayakar Bhavan, M.K. Road, Marg, Ballard Estate, Mumbai-20. Vs. Mumbai-400001 Pan:Aaact2328K (Appellant) (Respondent) Acit -2(1) M/S Bombay Dyeing & Mfg. Co. Room No. 561, 5Th Floor, Ltd. Neville House, J N Heredia Vs. Aayakar Bhavan, M.K. Road, Marg, Ballard Estate, Mumbai-20. Mumbai-400001 Pan:Aaact2328K (Appellant) (Respondent) M/S Bombay Dyeing & Mfg. Co. Acit -2(1) Ltd. Neville House, J N Heredia Aayakar Bhavan, M.K. Road, Mumbai-20. Marg, Ballard Estate, Vs. Mumbai-400001 Pan:Aaact2328K (Appellant) (Respondent)

House, J N Heredia Aayakar Bhavan, M.K. Road, Mumbai-20. Marg, Ballard Estate, Vs. Mumbai-400001 PAN:AAACT2328K (Appellant) (Respondent) ITA No. 557 to 588 M 12 & 6055 to 6131 Mum 14 Ms Bombay Dyeing & Mfg. Co. Ltd. Revenue by : Shri Saurabh Deshpande (DR) Assessee by : Shri Yogesh A. Thar with Ms Ayushi Modani &Chaitanya Joshi (AR) Date of hearing

ADDL CIT 2(1), MUMBAI vs. BOMBAY DYEING & MFG CO. LTD, MUMBAI

In the result, ground of appeal raised by Revenue is dismissed

Bench: Shri R.C. Sharma & Shri Pawan Singhacit -2(1) M/S Bombay Dyeing & Mfg. Co. Aayakar Bhavan, M.K. Road, Ltd. Neville House, J N Heredia Room No. 575, 5Th Floor, M.K. Vs. Marg, Ballard Estate, Road, Mumbai-20. Mumbai-400001 Pan:Aaact2328K (Appellant) (Respondent) M/S Bombay Dyeing & Mfg. Co. Acit -2(1) Ltd. Neville House, J N Heredia Aayakar Bhavan, M.K. Road, Marg, Ballard Estate, Mumbai-20. Vs. Mumbai-400001 Pan:Aaact2328K (Appellant) (Respondent) Acit -2(1) M/S Bombay Dyeing & Mfg. Co. Room No. 561, 5Th Floor, Ltd. Neville House, J N Heredia Vs. Aayakar Bhavan, M.K. Road, Marg, Ballard Estate, Mumbai-20. Mumbai-400001 Pan:Aaact2328K (Appellant) (Respondent) M/S Bombay Dyeing & Mfg. Co. Acit -2(1) Ltd. Neville House, J N Heredia Aayakar Bhavan, M.K. Road, Mumbai-20. Marg, Ballard Estate, Vs. Mumbai-400001 Pan:Aaact2328K (Appellant) (Respondent)

House, J N Heredia Aayakar Bhavan, M.K. Road, Mumbai-20. Marg, Ballard Estate, Vs. Mumbai-400001 PAN:AAACT2328K (Appellant) (Respondent) ITA No. 557 to 588 M 12 & 6055 to 6131 Mum 14 Ms Bombay Dyeing & Mfg. Co. Ltd. Revenue by : Shri Saurabh Deshpande (DR) Assessee by : Shri Yogesh A. Thar with Ms Ayushi Modani &Chaitanya Joshi (AR) Date of hearing

THOMAS COOK (INDIA) LTD,MUMBAI vs. ADDL CIT 1(3), MUMBAI

Bench: S/Sh.Rajendra & C.N. Prasadआयकर अपील सं आयकर अपील सं././././I.T.A./ 1261 & 1238/Mum/2015, आयकर अपील सं आयकर अपील सं िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" /Assessment Year: 2009-10 & 2010-11 वष" Thomas Cook (India) Limited Dcit-1 (3)(2) Thomas Cook Building Mumbai. Vs. Dr. D.N. Road, Fort,Mumbai-400 001. Pan:Aaact 4050 C (अपीलाथ" /Appellant) (""यथ" / Respondent) Revenue By:Shri N.K. Chand-Cit Assessee By: Shri Madhur Agarwal सुनवाई की तारीख / Date Of Hearing: 04.05.2016 घोषणा की तारीख / Date Of Pronouncement: 31.05.2016 आयकर अिधिनयम,1961 की धारा 254(1)के अ"ग"त आदेश Order U/S.254(1)Of The Income-Tax Act,1961(Act) लेखा सद" राजे" के अनुसार Per Rajendra, Am- Challenging The Orders Dated 08.12.2014 & 24.12.2014 Of Cit(A)-58 & Of The Assesssing Officer(Ao),The Assessee Has Filed The Appeals For The Above Mentioned Two Assessment Years(Ay.S.).Assessee-Company, Engaged In The Business Of Tour Operator,Travel Agent & Is Also An Authorised Dealer In Foreign Exchange.The Details Of Filing Of Returns,Returned Incomes,Assessed Incomes Etc.Can Be Summarised As Under: A.Y. Roi Filed On Returned Assessment Assessed Dt. Of Orders Of Income(Rs.) Dt. Income(Rs.) Cit(A)/Ao 2009-10 30.09.2009 44,28,33,999/- 28/03/2013 46,8432,558/- 08.12.2014 2010-11 30.09.2010 37,15,77,109/- 16/01/2015 57,86,82,443/- 16.01.2015

House Ltd. 0.62% 2. Trade-Wings Ltd. 1.8% 3. Crown Tours Ltd. 0.09% 4. Balmer Lawrie & Co. Ltd (Travel & Tours) 0% Industry Mean AMP Expenses / total revenue 0.63% Tested party 3.95% Considering the above facts,the TPO observed that the assessee was spending much more than the industry average in promoting and building the brand of TC UK, that