SETH RAMDAS NATHUBHAI DHARMADAYA VISHWASTA NIDHI,,PUNE vs. INCOME-TAX OFFICER,(EXEMPTIONS) -1,, PUNE

Bench: Shri R.S. Syal & Shri Partha Sarathi Chaudhury"नधा"रण वष" / Assessment Year : 2011-12 Seth Ramdas Nathubhai Dharmadaya Vs. Ito Vishwasta Nidhi, (Exemptions)-1, C/O. Shah Khandelwal Jain & Pune Associates, Chartered Accountants, Level 3, Business Bay, Plot No.84, Wellesley Road, Near Rto, Pune 411 001 Pan : Aaatr6805N Appellant Respondent

depreciation from earlier years against the income so assessed. 3. The relevant facts in this case are that the assessee trust is registered under the Bombay Public Trust Act, 1950 vide No.E1150, Pune dated 13-10-1987. The assessee is registered u/s.12A of the Act vide registration No.4597 dated 21-06-1989. The assessee trust was formed with various aims

SERUM INSTITUTE OF INDIA LTD.,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, both the appeals of the Revenue are dismissed

Bench: Shri D.Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं. / Ita Nos.549 & 550/Pun/2016 अपील िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" / Assessment Years : 2011-12 & 2012-13 वष"

3. CIT Vs. CTR Manufacturing Industries Ltd. – ITA No.2125 of 2025 (Bombay High Court) 23 Serum Institute of India Ltd., A.Yrs. 2011-12 and 2012-13 In connection with granting of additional depreciation on windmills generation power for captive consumption, despite complying the provisions of section 32(1)(iia) of the Act. Ld. Counsel contends that the generation of Electricity

SERUM INSTITUTE OF INDIA LTD.,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, both the appeals of the Revenue are dismissed

Bench: Shri D.Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं. / Ita Nos.549 & 550/Pun/2016 अपील िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" / Assessment Years : 2011-12 & 2012-13 वष"

3. CIT Vs. CTR Manufacturing Industries Ltd. – ITA No.2125 of 2025 (Bombay High Court) 23 Serum Institute of India Ltd., A.Yrs. 2011-12 and 2012-13 In connection with granting of additional depreciation on windmills generation power for captive consumption, despite complying the provisions of section 32(1)(iia) of the Act. Ld. Counsel contends that the generation of Electricity

DEPUTY COMMISSIONER OF INCOME-TAX vs. SERUM INSTITUTE OF INDIA LTD.,, PUNE

In the result, both the appeals of the Revenue are dismissed

Bench: Shri D.Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं. / Ita Nos.549 & 550/Pun/2016 अपील िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" / Assessment Years : 2011-12 & 2012-13 वष"

3. CIT Vs. CTR Manufacturing Industries Ltd. – ITA No.2125 of 2025 (Bombay High Court) 23 Serum Institute of India Ltd., A.Yrs. 2011-12 and 2012-13 In connection with granting of additional depreciation on windmills generation power for captive consumption, despite complying the provisions of section 32(1)(iia) of the Act. Ld. Counsel contends that the generation of Electricity

DEPUTY COMMISSIONER OF INCOME-TAX vs. SERUM INSTITUTE OF INDIA LTD.,, PUNE

In the result, both the appeals of the Revenue are dismissed

Bench: Shri D.Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं. / Ita Nos.549 & 550/Pun/2016 अपील िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" / Assessment Years : 2011-12 & 2012-13 वष"

3. CIT Vs. CTR Manufacturing Industries Ltd. – ITA No.2125 of 2025 (Bombay High Court) 23 Serum Institute of India Ltd., A.Yrs. 2011-12 and 2012-13 In connection with granting of additional depreciation on windmills generation power for captive consumption, despite complying the provisions of section 32(1)(iia) of the Act. Ld. Counsel contends that the generation of Electricity

NALCO WATER INDIA LIMITED,,PUNE vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE -2, , PUNE

Appeal is allowed for statistical purposes

Bench: Shri R.S.Syal, Vp & Shri Partha Sarathi Chaudhury, Jm Assessment Year:2014-15

depreciation cannot be sustained in view of the factual and legal position discussed as above. We therefore are of the view that CIT (A) was fully justified in deleting the addition made by the AO in this regard. Order of CIT (A) does not call for any interference.” 8. Respectfully following the aforesaid decision on the same parity of reasoning

M/S. RENISHAW METROLOGY SYSTEMS LTD.,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,, PUNE

In the result, appeal of assessee is allowed and the appeal of Revenue is dismissed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita No.376/Pun/2014 यििाारण वषा / Assessment Year : 2009-10 M/S. Renishaw Metrology Systems Ltd., S.No.283, Hissa No.2, S.No.284, Hissa No.2 & 3A, Raisoni Estate, Village Mann, Taluka Mulshi, अऩीऱाथी/Appellant Pune – 411057 …. Pan: Aabcr6361F Vs. The Dy. Commissioner Of Income Tax, …. प्रत्यथी / Respondent Circle 1(2), Pune

3. Transfer pricing adjustment in respect of availing of management services of Rs.2,18,67,249 On the facts and in circumstances of the case and in law, the Ld. TPO/AO has erred and the Hon'ble DRP has further erred in upholding/confirming the action of the Ld. TPO/AO in 3.1 determining the arm's length price of international transaction

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

In the result, appeal of assessee is allowed and the appeal of Revenue is dismissed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita No.376/Pun/2014 यििाारण वषा / Assessment Year : 2009-10 M/S. Renishaw Metrology Systems Ltd., S.No.283, Hissa No.2, S.No.284, Hissa No.2 & 3A, Raisoni Estate, Village Mann, Taluka Mulshi, अऩीऱाथी/Appellant Pune – 411057 …. Pan: Aabcr6361F Vs. The Dy. Commissioner Of Income Tax, …. प्रत्यथी / Respondent Circle 1(2), Pune

3. Transfer pricing adjustment in respect of availing of management services of Rs.2,18,67,249 On the facts and in circumstances of the case and in law, the Ld. TPO/AO has erred and the Hon'ble DRP has further erred in upholding/confirming the action of the Ld. TPO/AO in 3.1 determining the arm's length price of international transaction

M/S. CARRARO INDIA PVT.LTD,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE - 1(1),, PUNE

In the result, the appeal of the Revenue is dismissed and the appeal of the assessee is allowed for statistical purposes

Bench: Shri R.S. Syal & Shri Vikas Awasthy

depreciation @25%, he made an addition of Rs.81,60,774/-. Thus, it is apparent that the AO deviated from the order passed by the TPO u/s. 92CA(3) of the Act. M/s. Carraro India Private Limited 6. The primary question which requires adjudication is as to whether the action of the AO in this regard can be treated as valid

DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE - 1(1),, PUNE vs. M/S. CARRARO INDIA PVT.LTD,, PUNE

In the result, the appeal of the Revenue is dismissed and the appeal of the assessee is allowed for statistical purposes

Bench: Shri R.S. Syal & Shri Vikas Awasthy

depreciation @25%, he made an addition of Rs.81,60,774/-. Thus, it is apparent that the AO deviated from the order passed by the TPO u/s. 92CA(3) of the Act. M/s. Carraro India Private Limited 6. The primary question which requires adjudication is as to whether the action of the AO in this regard can be treated as valid

ASSISTANT COMMISSIONER OF INCOME-TAX vs. M/S. ABHAY COTEX PVT. LTD.,, JALNA

In the result, the appeal of the Revenue is dismissed

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं आयकर अपील सं. / Ita No. 1423/Pun/2016 आयकर अपील सं आयकर अपील सं िनधा"रण वष" िनधा"रण वष" / Assessment Year : 2011-12 िनधा"रण वष" िनधा"रण वष"

3 M/s. Abhay Cortex Pvt. Ltd. 5. Aggrieved with the order of CIT(A) the Revenue is in appeal before the Tribunal. 6. At the outset, Ld. Counsel for the assessee while narrating the above facts submitted that are that the assessee company purchased motor cars in the name of Director of the company. The said cars were reflected

GOODYEAR SOUTH ASIA TYRES PVT.LTD,,AURNAGABAD vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE - 1,, AURANGABAD

In the result, both the appeals are partly allowed

Bench: Shri R.S. Syal & Shri Partha Sarathi Chaudhuryिनधा"रण वष" / Assessment Year : 2014-15

section 92C which provides that: “The arm’s length price in relation to an international transaction or … shall be determined by one of the following methods, being the most appropriate method…’. The mechanism for determining the ALP under these methods has been given in Rule 10B. Insofar as the intra-group services under consideration are concerned, the determination

GOODYEAR SOUTH ASIA TYRES PVT.LTD,,AURANGABAD vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE - 1,, AURANGABAD

In the result, both the appeals are partly allowed

Bench: Shri R.S. Syal & Shri Partha Sarathi Chaudhuryिनधा"रण वष" / Assessment Year : 2014-15

section 92C which provides that: “The arm’s length price in relation to an international transaction or … shall be determined by one of the following methods, being the most appropriate method…’. The mechanism for determining the ALP under these methods has been given in Rule 10B. Insofar as the intra-group services under consideration are concerned, the determination

ROXILER SYSTEMS PRIVATE LIMITED,PUNE vs. THE INCOME TAX OFFICER, WARD5(4), PUNE

In the result the appeal of the assessee is allowed for statistical purpose

Bench: Dr.Dipak P. Ripote & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.2078/Pun/2024 िनधा"रण वष" / Assessment Year: 2022-23 Roxiler Systems Pvt. Ltd., A 508, Kamal Green Leaf, Vs The Income Tax Officer, Khadakwasala, Pune – 411024. Ward-5(4), Pune. Pan: Aahcr8766J Appellant/ Assessee Respondent / Revenue Assessee By : Shri Sharad S. Vaze & Shri Amod S. Vaze – Ar’S Revenue By : Shri Arvind Desai – Add.Cit(Dr) Date Of Hearing: 18/11/2024 Date Of Pronouncement : 30/12/2024 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Is An Appeal Filed By The Assessee Against The Order Of Ld.Commissioner Of Income Tax(Appeals)Addl./Jcit(A), Mysore For Assessment Year 2022-23Dated 20/08/2024 Passed U/Sec.250 Of The Income Tax Act, 1961, Emanating From An Order U/S 143(1) Of The Act Dated 19/08/2023.The Assessee Has Raised The Following Grounds Of Appeal : “1. On The Basis Of Facts & In The Circumstances Of The Case & As Per Law, Rejection Of Claim U/S 80Iac Of The Income Tax Act 1961 (Act) Is Beyond The Powers Of Cpc, Bengaluru In The Powers Of Cps, Bengaluru In Proceedings U/S 143(1) Of The Act. 2. On The Basis Of Facts & In The Circumstances Of The Case & As Per Law, The Commissioner Of Income Tax, (Appeals)-Nfac Delhi Is Not Justified In Rejecting The Claim Of The Assessee U/S 80Iac Of The Act. 3. The Appellant Craves Leave To Add, Alter, Omit Or Substitute Any Of The Grounds At The Time Of Hearing Of The Appeal.”

249 (Del.) (HC). Submission of ld.DR : 3. Ld.Departmental Representative submitted that the assessee had not filed the Audit Report in form 10CCB within the statutory time limit. Ld.DR submitted that hence CPC has rightly disallowed claim. Ld.DR relied on the order of the CIT(A). Findings & Analysis : 4. We have heard both the parties and perused the records. In this

BHANSILAL RAMNATH AGARWAL CHARITABLE TRUST vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, both the appeals of the assessee are partly allowed

Bench: Shri D.Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं. / Ita Nos.1147, 1133, 1134 & 1136/Pun/2016 अपील िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" / Assessment Years : 2007-08 To 2009-10 & 2011-12 वष"

depreciation and incidental expenses amounting to Rs.7,74,153 is deleted Ground 5.8 Grounds of appeal on the disallowance of the interest of Shri R.B.Memane amounting to Rs.2,06,335/- is partly allowed. Disallowance of interest made by the AO in the cases of Shri Ravindra Rathi amounting to Rs.6,293, Shri Rajesh Rathi amounting to Rs.1

BHANSILAL RAMNATH AGARWAL CHARITABLE TRUST vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, both the appeals of the assessee are partly allowed

Bench: Shri D.Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं. / Ita Nos.1147, 1133, 1134 & 1136/Pun/2016 अपील िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" / Assessment Years : 2007-08 To 2009-10 & 2011-12 वष"

depreciation and incidental expenses amounting to Rs.7,74,153 is deleted Ground 5.8 Grounds of appeal on the disallowance of the interest of Shri R.B.Memane amounting to Rs.2,06,335/- is partly allowed. Disallowance of interest made by the AO in the cases of Shri Ravindra Rathi amounting to Rs.6,293, Shri Rajesh Rathi amounting to Rs.1

BHANSILAL RAMNATH AGARWAL CHARITABLE TRUST vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, both the appeals of the assessee are partly allowed

Bench: Shri D.Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर आयकर अपील आयकर आयकर अपील अपील संसंसंसं. / Ita Nos.1147, 1133, 1134 & 1136/Pun/2016 अपील िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" / Assessment Years : 2007-08 To 2009-10 & 2011-12 वष"

depreciation and incidental expenses amounting to Rs.7,74,153 is deleted Ground 5.8 Grounds of appeal on the disallowance of the interest of Shri R.B.Memane amounting to Rs.2,06,335/- is partly allowed. Disallowance of interest made by the AO in the cases of Shri Ravindra Rathi amounting to Rs.6,293, Shri Rajesh Rathi amounting to Rs.1

GRANT MEDICAL FOUNDATION,PUNE vs. INCOME TAX OFFICE, EXEMPTION CIRCLE, PUNE, PUNE

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

Bench: Shri R. K. Panda & Ms Astha Chandraassessment Year : 2018-19

depreciation of Rs.33,00,69,972/-. However, since after making the above additions and after allowing the accumulation u/s 11(1)(a) of the Act to the extent of 15% of gross receipts at Rs.73,63,65,615/-, the net surplus was Nil for which the Assessing Officer determined the taxable income at Nil. 3. Thereafter, the Ld. CIT(Exemption

EAGLE FLASK INDUSTRIES PVT.LTD,,PUNE vs. DEPUTY COMMISSIONER OF INCOME TAX,, PUNE

In the result, the appeal is allowed

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita Nos.474 & 2000/Pun/2017 िनधा"रण वष" / Assessment Year : 2004-05

depreciation; disallowance of advertisement and sales promotion expenses; sundry balances of debtors and advances written off. It is thus vivid that none of the items of additions relates to `concealment of income’ and all the items fall under the category of `furnishing of inaccurate particulars of income’. Eagle Flask Industries Pvt. Ltd., 5. A copy of notice