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

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

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

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

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

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

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

MONDELEZ INDIA FOODS P.LTD (FORMERLY KNOWN AS CADBURY INDIA LIMITED),MUMBAI vs. ASST CIT RG 5(1)(2), MUMBAI

In the result, appeal filed by the assessee for AY 2013-14 is allowed for statistical purpose

Bench: Shri Vikas Awasthy () & Ms. Padmavathy S. ()

House, Unit No.2001, 20th Floor Mumbai-400 020 Tower-3 (Wing C) India Bulls finance Centre), Parel, Mumbai0400 013 PAN : AAAC0460H APPELLANT RESPONDENT Present for the Assessee Shri J.D. Mistri, Shri Hiten Chande Present for the Department Shri Manoj Kumar – CIT DR Date of hearing 07/09/2023 Date of pronouncement 20/09/2023 O R D E R Per Padmavathy S (AM): These

MONDELEZ INDIA FOODS P.LTD,MUMBAI vs. ASST CIT RG 5(1)(2), MUMBAI

Bench: Vikas Awasthy () & Ms. Padmavathy S. ()

Housing Co. Ltd NC-Significant RPT 6 Crystal Hues Ltd 11.27% 7 Quadrant Communication Ltd 15.84% 8 Indus Technical and Financial Consultants Ltd 12.05% Average 11.35% 7. Accordingly, the TPO arrived at the TP adjustment as per below working:- Particulars Amount Expenditure incurred for developing the intangibles Rs.1,61,01,97,731 Mark-up on Expenditure incurred for developing

MONDELEZ INDIA FOODS P. LTD,MUMBAI vs. DCIT RG 5(1)(2), MUMBAI

Bench: Vikas Awasthy () & Ms. Padmavathy S. ()

Housing Co. Ltd NC-Significant RPT 6 Crystal Hues Ltd 11.27% 7 Quadrant Communication Ltd 15.84% 8 Indus Technical and Financial Consultants Ltd 12.05% Average 11.35% 7. Accordingly, the TPO arrived at the TP adjustment as per below working:- Particulars Amount Expenditure incurred for developing the intangibles Rs.1,61,01,97,731 Mark-up on Expenditure incurred for developing

STRIDES PHARMA SCIENCE LTD.,NAVI MUMBAI vs. THE DY CIT -5(1)(2), MUMBAI

In the result ITA number 1004/M/2021 filed by the assessee for assessment year 2016 – 17 is allowed

Bench: Shri Prashant Maharishi, Am & Shri Sandeep Singh Karhail, Jm Strides Pharma Science Ltd. Dcit 15(1)(2) 201, Devavrata, Sector-17, Aayakar Bhavan, M K Road, Vs. Vashi, Navi Mumbai, 400703 Mumbai 400020 (Appellant) (Respondent) Pan No. Aadcs8104P

house R&D facility approved by DSIR, there should not be any disallowance against the weighted deduction claimed under Section 35(2AB) of the Act by the Appellant. 7.2 In disregarding the various other binding judgements of the ITAT and Hon'ble High Court which squarely applies to the Appellant's case with regard to allowability of weighted deduction under

DCIT 5(3)(2), MUMBAI vs. THE GREAT EASTERN SHIPPING CO.LTD, MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm The Great Eastern Shipping Co. The Dy. Commissioner Of Ltd. Income-Tax, Kalyaniwalla & Mistry Llp Range-5(3), Esplanade House, 2 Nd Floor, Vs. Room No.525B, 5Th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Fort, Mumbai-400 001 Mumbai-400 020 (Appellant) (Respondent) Pan No. Aaact1565C The Dy. Commissioner Of The Great Eastern Shipping Income-Tax, Co. Ltd. Range-5(3), Kalyaniwalla & Mistry Llp Vs. Esplanade House, 2 Nd Floor, Room No.525B, 5Th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Mumbai-400 020 Fort, Mumbai-400 001 (Appellant) (Respondent)

House, 2 nd floor, Room No.525B, 5th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Mumbai-400 020 Fort, Mumbai-400 001 (Appellant) (Respondent) Assessee by : Shri Jitendra Jain, Advocate Shri Falee H Bilimoria, Shri Akram Khan Ms.Yasmin Dastur, Shri Hormuzd Jamshedji, ARs Revenue by : Shri Manoj Mishra, CIT DR Date of hearing 25.08.2023 Date of pronouncement 13.09.2023 ITA Nos. 3272/Mum/2015

THE GREAT EASTERN SHIPPING CO. LTD,MUMBAI vs. DCIT RG 5(3), MUMBAI

In the result, appeal filed by the learned assessing officer is dismissed

Bench: Shri Prashant Maharishi, Am & Ms. Kavitha Rajagopal, Jm The Great Eastern Shipping Co. The Dy. Commissioner Of Ltd. Income-Tax, Kalyaniwalla & Mistry Llp Range-5(3), Esplanade House, 2 Nd Floor, Vs. Room No.525B, 5Th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Fort, Mumbai-400 001 Mumbai-400 020 (Appellant) (Respondent) Pan No. Aaact1565C The Dy. Commissioner Of The Great Eastern Shipping Income-Tax, Co. Ltd. Range-5(3), Kalyaniwalla & Mistry Llp Vs. Esplanade House, 2 Nd Floor, Room No.525B, 5Th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Mumbai-400 020 Fort, Mumbai-400 001 (Appellant) (Respondent)

House, 2 nd floor, Room No.525B, 5th Floor, M.K. Marg, 29, Hazarimal Somani Marg, Mumbai-400 020 Fort, Mumbai-400 001 (Appellant) (Respondent) Assessee by : Shri Jitendra Jain, Advocate Shri Falee H Bilimoria, Shri Akram Khan Ms.Yasmin Dastur, Shri Hormuzd Jamshedji, ARs Revenue by : Shri Manoj Mishra, CIT DR Date of hearing 25.08.2023 Date of pronouncement 13.09.2023 ITA Nos. 3272/Mum/2015

HINDUSTAN DORR-OLIVER LTD,MUMBAI vs. ACIT-10(1)(1), MUMBAI

The appeal is dismissed

Bench: Shri Prashant Maharishi, Am & Shri Rahul Chaudhary, Jm The Asst. Commissioner Of Hindustan Dorr-Oliver Ltd. Income Tax, 10(1)(1), Chakala, Andheri (E), R.No.209, Vs. Mumbai-400 009 Aayakar Bhavan, M.K. Road, Mumbai-400 020 (Appellant) (Respondent) Pan No. Aaach0964P

house property. The Ld. M/s Hindustan Dorr Oliver Limited; AY: 13-14 Dispute Resolution Panel has erred in confirming the same.” 03. At the time of hearing, none appeared on behalf of the assessee despite issue of notices. This appeal is filed in the year 2017 and since then this appeal is fixed for hearing on seven times

DEPUTY COMMISSIONER OF INCOME TAX-9(1)(1), MUMBAI vs. M/S. AFCONS INFRASTRUCTURE LTD, MUMBAI

In the result, appeals of the revenue are dismissed and cross- objections raised by the assessee are allowed

Bench: Shri Narendra Kumar Billaiya, Hon’Ble & Shri Rahul Chaudhary, Hon’Ble

House Tax-9(1)(1), Mumbai Vs 16, Shah Industrial Estate Veera Desai Road Andheri (W) Mumbai - 400053 [PAN: AAACA9067G] अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee by : Shri J.D. Mistri, Sr. Advocate/Shri Ninad Patade, A/Rs. Revenue by : Shri Rajesh Pardeshi, Sr. D/R सुनवाई की तारीख/Date of Hearing : 07/08/2024 घोषणा की तारीख/Date of Pronouncement : 22/08/2024 I.T.A. No. 2390/Mum/2017 I.T.A

DCIT 9(1)(1), MUMBAI vs. AFCON INFRASTRUCTURE LTD, MUMBAI

In the result, appeals of the revenue are dismissed and cross- objections raised by the assessee are allowed

Bench: Shri Narendra Kumar Billaiya, Hon’Ble & Shri Rahul Chaudhary, Hon’Ble

House Tax-9(1)(1), Mumbai Vs 16, Shah Industrial Estate Veera Desai Road Andheri (W) Mumbai - 400053 [PAN: AAACA9067G] अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee by : Shri J.D. Mistri, Sr. Advocate/Shri Ninad Patade, A/Rs. Revenue by : Shri Rajesh Pardeshi, Sr. D/R सुनवाई की तारीख/Date of Hearing : 07/08/2024 घोषणा की तारीख/Date of Pronouncement : 22/08/2024 I.T.A. No. 2390/Mum/2017 I.T.A

DCIT 9(1)(1), MUMBAI vs. AFCONS INFRASTRUCTURE LTD, MUMBAI

In the result, the appeal of the Revenue and the C

Bench: Pavan Kumar Gadale, Jm & Ms Padmavathy S, Am

House, 16, Shah Industrial Estate, Veera Desai Road, Azad Aayakar Bhavan, M.K. Road, Vs. Nagar, P.O. Post Box No. 11978, Mumbai-400020. Andheri (W), Mumbai - 400053. PAN : AAACA9067G Appellant) : Respondent) Appellant/Assessee by : Shri J.D. Mistri / Nitesh Joshi, AR Revenue/Respondent by : Shri P. Sudhakar Naik, Sr. DR Date of Hearing : 20.06.2024 Date of Pronouncement