SHRINIWAS ENGINEERING AUTO COMPONENTS PVT. LTD.,PUNE vs. ACIT, CIRCLE-5, PUNE, PUNE

In the result, ITA Nos. 154 to 156/PUN/2025 filed by the assessee are partly allowed for statistical purposes, ITA

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.154 To 156/Pun/2025 Assessment Years : 2016-17 To 2018-19

27-11-2015. Para 5.1 of the circular contains the explanatory note on clause (XVIII) to section 2(24) of the Income Tax Act. The said Para 5.1 is reproduced below. "5.1 Alignment of provisions relating to taxation of Government Grants with the provisions of Income Computation and Disclosure Standards (ICDS). 5.1 Sub-section (2) of section

SHRINIWAS ENGINEERING AUTO COMPONENTS PVT. LTD,PUNE vs. NATIONAL FACELESS APPEAL CENTRE, PUNE

In the result, ITA Nos. 154 to 156/PUN/2025 filed by the assessee are partly allowed for statistical purposes, ITA

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.154 To 156/Pun/2025 Assessment Years : 2016-17 To 2018-19

27-11-2015. Para 5.1 of the circular contains the explanatory note on clause (XVIII) to section 2(24) of the Income Tax Act. The said Para 5.1 is reproduced below. "5.1 Alignment of provisions relating to taxation of Government Grants with the provisions of Income Computation and Disclosure Standards (ICDS). 5.1 Sub-section (2) of section

ACIT, CIRCLE-5, PUNE, PUNE vs. SHRINIWAS ENGINEERING AUTO COMPONENTS PRIVATE LIMITED, PUNE

In the result, ITA Nos. 154 to 156/PUN/2025 filed by the assessee are partly allowed for statistical purposes, ITA

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.154 To 156/Pun/2025 Assessment Years : 2016-17 To 2018-19

27-11-2015. Para 5.1 of the circular contains the explanatory note on clause (XVIII) to section 2(24) of the Income Tax Act. The said Para 5.1 is reproduced below. "5.1 Alignment of provisions relating to taxation of Government Grants with the provisions of Income Computation and Disclosure Standards (ICDS). 5.1 Sub-section (2) of section

SHRINIWAS ENGINEERING AUTO COMPONENTS PVT. LTD,PUNE vs. NATIONAL FACELESS APPEAL CENTRE, PUNE

In the result, ITA Nos. 154 to 156/PUN/2025 filed by the assessee are partly allowed for statistical purposes, ITA

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.154 To 156/Pun/2025 Assessment Years : 2016-17 To 2018-19

27-11-2015. Para 5.1 of the circular contains the explanatory note on clause (XVIII) to section 2(24) of the Income Tax Act. The said Para 5.1 is reproduced below. "5.1 Alignment of provisions relating to taxation of Government Grants with the provisions of Income Computation and Disclosure Standards (ICDS). 5.1 Sub-section (2) of section

COVENTYA INDIA PRIVATE LIMITED,,PUNE vs. DEPUTY COMMISSIONER OF INCOME TAX,, PUNE

In the result, the appeal of assessee is allowed

Bench: Shri Anil Chaturvedi & Shri Partha Sarathi Chaudhury

depreciation is not allowable in respect of non-compete fee as held by Hon. Delhi High Court in the case of Sharp Business Systems vs CIT 27 taxmann.com 50 as discussed by the AO in detail in the assessment order. 12. Coming to the issue of Distribution Network rights and customer list, it must be appreciated that the same

COVENTYA INDIA PRIVATE LIMITED,,PUNE vs. DEPUTY COMMISSIONER OF INCOME TAX,, PUNE

In the result, the appeal of assessee is allowed

Bench: Shri Anil Chaturvedi & Shri Partha Sarathi Chaudhury

depreciation is not allowable in respect of non-compete fee as held by Hon. Delhi High Court in the case of Sharp Business Systems vs CIT 27 taxmann.com 50 as discussed by the AO in detail in the assessment order. 12. Coming to the issue of Distribution Network rights and customer list, it must be appreciated that the same

SHRINIWAS ENGINEERING AUTO COMPONENTS PVT. LTD,PUNE vs. ITO WARD6(1), PUNE

In the result, ITA Nos.154 to 156/PUN/2025 filed by the\nassessee are partly allowed for statistical purposes, ITA\nNo

27-11-2015. Para 5.1 of the\ncircular contains the explanatory note on clause (XVIII) to section\n2(24) of the Income Tax Act. The said Para 5.1 is reproduced below.\n\n\"5.1 Alignment of provisions relating to taxation of Government\nGrants with the provisions of Income Computation and Disclosure\nStandards (ICDS).\n\n5.1 Sub-section (2) of section

SHRINIWAS ENGINEERING AUTO COMPONENTS PVT. LTD,PUNE vs. ITO WARD 6(1), PUNE

In the result, ITA Nos.154 to 156/PUN/2025 filed by the\nassessee are partly allowed for statistical purposes, ITA\nNo

27-11-2015. Para 5.1 of the\ncircular contains the explanatory note on clause (XVIII) to section\n2(24) of the Income Tax Act. The said Para 5.1 is reproduced below.\n\"5.1 Alignment of provisions relating to taxation of Government\nGrants with the provisions of Income Computation and Disclosure\nStandards (ICDS).\n5.1 Sub-section (2) of section

ACIT, PUNE vs. SHRINIWAS ENGINEERING AUTO COMPONENTS PRIVATE LIMITED, PUNE

In the result, ITA Nos.154 to 156/PUN/2025 filed by the\nassessee are partly allowed for statistical purposes, ITA\nNo

27-11-2015. Para 5.1 of the\ncircular contains the explanatory note on clause (XVIII) to section\n2(24) of the Income Tax Act. The said Para 5.1 is reproduced below.\n\"5.1 Alignment of provisions relating to taxation of Government\nGrants with the provisions of Income Computation and Disclosure\nStandards (ICDS).\n5.1 Sub-section (2) of section

DEPUTY COMMISSIONER OF INCOME-TAX,, PUNE vs. PROBODHAN SHIKSHAN PRASARAK SANSTHA,, RATNAGIRI

In the result, appeal of the Revenue in ITA No

Bench: Shri Anil Chaturvedi, Am & Shri Partha Sarathi Chaudhury, Jm आयकर अपीऱ सं. / Ita No.779/Pun/2017 नििाारण वषा / Assessment Year : 2005-06 The Deputy Commissioner Of Income Tax, (Exemption) Circle, Pune. .......अऩीऱाथी / Appellant बिाम / V/S.

section 11, of the Income Tax Act, 1961- Depreciation- Allowability of (Trust)- Assessee trust acquired assets from income of trust- Assessee claimed deduction on account of application of income- It claimed depreciation on use of said assets- Whether such depreciation claim did not mean claim of double deduction and therefore, depreciation was to be allowed- Held

CUMMINS INDIA LIMITED,,PUNE vs. DEPUTY COMMISSIONER OF INCOME TAX,, PUNE

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

Bench: Shri R.S.Syal, Vp & Shri Partha Sarathi Chaudhury, Jm आयकर अपीऱ सं. / Ita No.685/Pun/2017 नििाारण वषा / Assessment Year : 2012-13

27,657/-) = Rs.84,79,657/-. 6. At the time of hearing, the Ld. AR of the assessee invited our attention to the decision of the Pune Bench of the Tribunal in assessee‟s own case in ITA No.556/PUN/2015 & ITA No.574/PUN/2015 for the assessment year 2010-11 and ITA No.834/PUN/2016 & ITA No.821/PUN/2016 for the 3 A.Y.2012-13 assessment year 2011-12 decided

ASSISTANT COMMISSIONER OF INCOME TAX,, ICHALKARANJI vs. PARIKH SHANKARLAL KUNDANMAL,, KOLHAPUR

In the result, appeals of Revenue and the Cross Objections by the assessee are partly allowed

Bench: Ms. Sushma Chowla, Jm आयकर अपीऱ सं. / Ita Nos.733 To 736/Pun/2017 यििाारण वषा / Assessment Years : 2004-05 To 2006-07 & 2009-10

depreciation and the deduction under section 80IA was claimed against the income declared by the assessee from Wind Mill activity. The assessee has furnished on record the copies of the audited balance sheet, profit and loss account and the return of income along with computation of income for assessment years 2002-03 and 2003-04 and claim of the assessee

ASSISTANT COMMISSIONER OF INCOME TAX,, ICHALKARANJI vs. PARIKH SHANKARLAL KUNDANMAL,, KOLHAPUR

In the result, appeals of Revenue and the Cross Objections by the assessee are partly allowed

Bench: Ms. Sushma Chowla, Jm आयकर अपीऱ सं. / Ita Nos.733 To 736/Pun/2017 यििाारण वषा / Assessment Years : 2004-05 To 2006-07 & 2009-10

depreciation and the deduction under section 80IA was claimed against the income declared by the assessee from Wind Mill activity. The assessee has furnished on record the copies of the audited balance sheet, profit and loss account and the return of income along with computation of income for assessment years 2002-03 and 2003-04 and claim of the assessee

ASSISTANT COMMISSIONER OF INCOME TAX,, ICHALKARANJI vs. PARIKH SHANKARLAL KUNDANMAL,, KOLHAPUR

In the result, appeals of Revenue and the Cross Objections by the assessee are partly allowed

Bench: Ms. Sushma Chowla, Jm आयकर अपीऱ सं. / Ita Nos.733 To 736/Pun/2017 यििाारण वषा / Assessment Years : 2004-05 To 2006-07 & 2009-10

depreciation and the deduction under section 80IA was claimed against the income declared by the assessee from Wind Mill activity. The assessee has furnished on record the copies of the audited balance sheet, profit and loss account and the return of income along with computation of income for assessment years 2002-03 and 2003-04 and claim of the assessee

ASSISTANT COMMISSIONER OF INCOME TAX,, ICHALKARANJI vs. PARIKH SHANKARLAL KUNDANMAL,, KOLHAPUR

In the result, appeals of Revenue and the Cross Objections by the assessee are partly allowed

Bench: Ms. Sushma Chowla, Jm आयकर अपीऱ सं. / Ita Nos.733 To 736/Pun/2017 यििाारण वषा / Assessment Years : 2004-05 To 2006-07 & 2009-10

depreciation and the deduction under section 80IA was claimed against the income declared by the assessee from Wind Mill activity. The assessee has furnished on record the copies of the audited balance sheet, profit and loss account and the return of income along with computation of income for assessment years 2002-03 and 2003-04 and claim of the assessee

M/S. FIAT INDIA AUTOMOBILES PRIVATE LIMITED,PUNE vs. ACIT CIRCLE 1(1), PUNE

In the result, the appeal filed by the assessee in ITA

Bench: SHRI MANISH BORAD (Accountant Member), SHRI VINAY BHAMORE (Judicial Member)

27 November 2014, well within the timelines prescribed under section 139(1) of the Act i.e. on or before 30 November 2014, the interest under section 234A cannot be levied. The Appellant prays that the interest levied under section 234A be deleted.  The assessee prays that the interest under section 234B, being purely consequential to the impugned denial

DY. COMMISSIONER OF INCOME TAX CIRCLE-1(1) , PUNE vs. FIAT INDIA AUTOMOBILES PRIVATE LIMITED, PUNE

In the result, the appeal filed by the assessee in ITA

Bench: SHRI MANISH BORAD (Accountant Member), SHRI VINAY BHAMORE (Judicial Member)

27 November 2014, well within the timelines prescribed under section 139(1) of the Act i.e. on or before 30 November 2014, the interest under section 234A cannot be levied. The Appellant prays that the interest levied under section 234A be deleted.  The assessee prays that the interest under section 234B, being purely consequential to the impugned denial

PIMPRI CHINCHWAD NEW TOWN DEVELOPMENT AUTHORITY,,PUNE vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

In the result, all the appeals of assessee are allowed and cross objections and appeals of Revenue are dismissed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.929 To 932/Pun/2014 यििाारण वषा / Assessment Years : 2003-04 To 2005-06 & 2008-09

depreciation on such infrastructure and development has to be allowed. It was also pointed out by the learned Authorized Representative for the assessee that the assessee had already claimed expenditure on purchase of assets as application of money which has been allowed in the hands of ITA Nos.929 to 932/PUN/2014 CO Nos.78 & 79/PUN/2014 assessee. Referring to decision