MANOJ S. GUGALE,,AHMEDNAGAR vs. INCOME-TAX OFFICER,,

In the result, the appeal of assessee is dismissed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita No.1327/Pun/2016 यििाारण वषा / Assessment Year : 2011-12 Manoj S. Gugale 652, Shantisadan, Topkhana, अऩीऱाथी/Appellant Ahmednagar …. Pan: Adzpg9595N Vs. The Income Tax Officer, …. प्रत्यथी / Respondent Ward 3, Ahmednagar

194A of the Act and then there are various deductions under section 194(3) of the Act and Form No.26AS is placed at pages 27 to 44 of Paper Book, wherein various parties have deducted 8 Manoj S. Gugale tax at source under section 194C of the Act. If we look at the entries it is clear that

PRABHAKAR MANJAJI THAKRE vs. PRINCIPOAL C.I.T.-1, NAGPUR

In the result, the appeal of the assessee is dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm Assessment Year : 2011-12

3. Regarding the first issue of non-taxation of TDS on interest of Rs. 2,85,632/-the assessee submitted that the interest was paid to the following persons. a) Yadav Prabhakar Thakre (HUF) - Rs. 1,42,816/- b) Rarnprasad Prabhakar Thakre (HUF) - Rs. 1,42,816/- He submitted that as they did not have taxable income

CHANDRAKANT VITHTHAL BHOPI,RAIGAD vs. ITO WARD 1 , PANVEL

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

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2016-17 Chandrakant Viththal Bhopi Ito, Ward-1, Panvel At Chinchpada, Post Panvel, Tal. Vs. Panvel, Dist. Raigad – 410206 Pan: Bjdpb7610L (Appellant) (Respondent) Assessee By : Shri Nikhil S Pathak & Ajinkya M Vaishampayan Department By : Shri Ramnath P Murkunde Date Of Hearing : 05-05-2025 Date Of Pronouncement : 07-05-2025 O R D E R

3 5. After hearing both the sides and considering the fact that the additional ground raised by the assessee is purely a legal one and all the material facts are already available on record and no new facts are required to be investigated, therefore, in view of the decision of Hon’ble Supreme Court in the case of the National

R&DE (ENGRS) EMPLOYEES CO-OP. CREDIT SOCIETY,PUNE vs. ITO, WARD 7(3), PUNE, PUNE

In the result, the appeal of the assessee is allowed

Bench: Shri R.K. Panda & Ms. Astha Chandra

capital, if not immediately required to be lent to the members, they cannot keep the said amount idle. If they deposit this amount in bank so as to earn interest, the said interest income is attributable to the profits and gains of the business of providing credit facilities to its members only. The society is not carrying on any separate

MAHATMA GANDHI NAGRI SAHAKARI PAT SANSTHA MYDT UDGIR,LATUR vs. INCOME TAX OFFICER- WARD 1 -LATUR, LATUR

In the result, the appeal of the assessee is allowed

3 SCC 223 for the preceding years, namely\n Assessment Years 1991-1992 to 1999-2000 (except Assessment Year\n1995-1996) holding that such interest income earned by the assessee\nwas taxable under the head 'Income from Other Sources' under\nSection 56 of the Act and was not 100% deductible from the Gross\nTotal Income under Section

MADHAV PANDHARINATH KANDE,,LATUR vs. INCOME-TAX OFFICER ,,

Appeal is dismissed

Bench: Shri S.S. Godara & Dr. Dipak P. Ripoteshri Madhav Pandharinath The Income Tax Officer Kande Ward -3 Vs. A/P Dhanora, Tal. Ahmedpur Latur Latur 413515 Pan – Cbwpp1670A Appellant Respondent Appellant By: Shri Bharat Shah Respondent By: Shri S.P. Walimbe Date Of Hearing: 25.04.2022 Date Of Pronouncement: 28.04.2022 O R D E R Per S.S. Godara, Jm This Assessee’S Appeal For Ay 2013-14 Is Against The Order Of The Cit(A) 2, Aurangabad Dated 04.07.2017 Passed In Case No. Pn/Cit (A)-2/Set Aside/Pn/66/2011-12.755 Involving Proceedings Under Section 143(3) R.W.S. 260A Of The Income Tax Act, 1961 In Short The Act.

Capital gains” of the previous year in which the final order of such court, Tribunal or other authority is made; to state that since the interest which was received by the assessee was in pursuance of an interim order of the Honourable High Court, the said interest amount cannot be taxable till the Honourable High Court delivers its final judgement

NANASAHEB BHAGAWAN SASAR,PUNE vs. ITO, WARD 2(2), PUNE, PUNE

In the result, the appeal of the assessee is partly allowed for statistical purposes

Bench: Shri R.K. Panda & Ms. Astha Chandra

194A @ 1% amounting to Rs.13,00,000/- in the name of the assessee only. Accordingly, in the return of income, the assessee claimed full amount of TDS deducted and credited to his account as reflected in Form 26AS amounting to Rs.13,00,000/-. However, the long term capital 2 ITA No.722/PUN/2025, AY 2022-23 gain on the said transaction

RENISHAW METROLOGY SYSTEMS LTD,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE - 5,, PUNE

In the result, appeal of the assessee is dismissed

Bench: Shri Satbeer Singh Godara & Dr. Dipak P. Ripoteआयकर अपीलसं. / Ita No.619/Pun/2021 िनधा"रण वष" / Assessment Year : 2013-14 Renishaw Metrology Systems The Dy.Commissioner Limited, V Of Income Tax, Circle- S.No.283, Hissa No.2, S.No.284, S 5, Pune. Hissa No.2 & 3A, Raisoni Estate, Taluk – Mulshi, Dist-Pune. Pan: Aabcr6361F Appellant/ Assessee Respondent /Revenue Assessee By Shri Ajit Jain & Shri Siddesh Chaugule – Ar’S Revenue By Shri Suhas Kulkarni – Addl. Cit(Dr) Date Of Hearing 04/01/2024 Date Of Pronouncement 24/01/2024

capital risks. 3. Other Transfer Pricing Grounds 3.1 computing the operating margins by treating foreign exchange gain / loss as non-operating in nature in the case of the Appellant as well as the comparable companies; 3.2 not allowing risk adjustment in accordance with the provisions of Rule 10B of the Rules; 3.3 rejecting the use of multiple year data

RAJESH MOHANLAL BORA,,NASHIK vs. INCOME-TAX OFFICER, WARD - 1 (1),, NASHIK

Bench: Hon’Ble Shri S. S. Godara & Shri G. D. Padmahshaliआयकर अपऩल सं. / Ita No.1609/Pun/2019 निर्धारण वर्ा / Assessment Year : 2014-15 Rajesh Mohanlal Bora, 401, Rushiraj House, Thatte Nagar, College Road, Nashik – 422 005 Pan : Abcpb5526F . . . . . . . अपऩलधथी / Appellant बनाम / V/S. Ito Ward- 1(1) Nashik . . . . . . . प्रत्यथी / Respondent द्वारा/ Appearances Assessee By : Shri Pramod Shingte Revenue By : Shri M. G. Jasnani सपिवधई की तधरऩख / Date Of Conclusive Hearing : 03/10/2022 घोर्णध की तधरऩख / Date Of Pronouncement : 20/12/2022 आदेश / Order Per G. D. Padmahshali, Am; The Present Appeal Of The Assessee Is Assailed Against The Order Of Commissioner Of Income Tax (Appeals)-1, Nashik [For Short “Cit(A)”] Dt. 23/08/2019 Passed U/S 250 Of The Income-Tax Act, 1961 [For Short “The Act”] Which Dove Out Of Order Of Assessment Dt. 29/12/2016 Passed U/S 143(3) Of The Act By Income Tax Officer 1(1), Nashik [For Short “Ao”] For The Assessment Year [For Short “Ay”] 2014-15. Itat-Pune Page 1 Of 8

capital gain with respect to sale consideration, iii) Unsecured loans from persons who have not filed their return of income iv) Huge interest paid not commensurate with loans raised v) Less turnover, large business loss set off against other head vi) Cash deposit in bank accounts 2.2 During the course of assessment proceedings, upon a perusal of profit & loss account