ZF STEERING GEAR (INDIA) LTD,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE -1 (1),, PUNE

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

Bench: Shri R.S.Syal, Vp & Shri Partha Sarathi Chaudhury, Jm Assessment Year: 2013-14

iia) of sub-section 1 of sec. 32 of the Act. Clause (ii) of sub-section 1 of sec. 32 of the Act recognises the depreciation

SATARA ENGINEERING PROJECTS AND EQUIPMENTS PRIVATE LIMITED,SATARA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE, SATARA, SATARA

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

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.2450/Pun/2025 Assessment Year : 2024-25

depreciation under the provision of section 32, except clause (iia) of sub-section (1) of the said section, determined in such

SUPERFINE METALS P LTD,AHMEDNAGAR vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE 1(2), , PUNE

Bench: Shri S. S. Godara & Shri G. D. Padmahshaliआयकर अपीऱ सं. / Ita Nos. 631 To 634/Pun/2021 निर्धारण वर्ा / Assessment Years : 2010-2011 To 2013-14 Superfine Metals Private Ltd., E29/E39, Supa Midc, Tal. Parner, Ahmednagar – 414302 . . . . . . . अपीऱधर्थी / Appellant Pan:Aakcs6038H बनाम / V/S. Asst. Commissioner Of Income Tax, . . . . . . . . प्रत्यर्थी / Respondent Central Circle 1(2), Pune द्वारा/ Appearances Assessee By : Shri M. K. Kulkarni Revenue By : Shri M. G. Jasnani सुनवाई की तारीख / Date Of Conclusive Hearing : 28/09/2022 घोषणा की तारीख / Date Of Pronouncement : 07/10/2022 आदेश / Order Per G. D. Padmahshali, Am; Present Bunch Of Five Appeals Of The Assessee Is Assailed Against Separate Orders Of Commissioner Of Income Tax (Appeals), Pune-11 [For Short “Cit(A)”] All Dt. 16/11/2021 Passed U/S 250 Of The Income-Tax Act, 1961 [For Short “The Act”], Which Arose Out Of Rectification Orders Dt. 20/02/2021 Passed U/S 154 By The Asst. Commissioner Of Income Tax, Central Circle 1(2), Pune [For Short “Ao”] For Assessment Years [For Short “Ay”] 2010-11 To 2013-14. Itat-Pune Page 1 Of 12

depreciation u/s 32(1)(iia) of the Act for impugned assessment years, in the light of limitation casted in sub-section

SUPERFINE METALS P LTD,AHMEDNAGAR vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE 1(2), , PUNE

Bench: Shri S. S. Godara & Shri G. D. Padmahshaliआयकर अपीऱ सं. / Ita Nos. 631 To 634/Pun/2021 निर्धारण वर्ा / Assessment Years : 2010-2011 To 2013-14 Superfine Metals Private Ltd., E29/E39, Supa Midc, Tal. Parner, Ahmednagar – 414302 . . . . . . . अपीऱधर्थी / Appellant Pan:Aakcs6038H बनाम / V/S. Asst. Commissioner Of Income Tax, . . . . . . . . प्रत्यर्थी / Respondent Central Circle 1(2), Pune द्वारा/ Appearances Assessee By : Shri M. K. Kulkarni Revenue By : Shri M. G. Jasnani सुनवाई की तारीख / Date Of Conclusive Hearing : 28/09/2022 घोषणा की तारीख / Date Of Pronouncement : 07/10/2022 आदेश / Order Per G. D. Padmahshali, Am; Present Bunch Of Five Appeals Of The Assessee Is Assailed Against Separate Orders Of Commissioner Of Income Tax (Appeals), Pune-11 [For Short “Cit(A)”] All Dt. 16/11/2021 Passed U/S 250 Of The Income-Tax Act, 1961 [For Short “The Act”], Which Arose Out Of Rectification Orders Dt. 20/02/2021 Passed U/S 154 By The Asst. Commissioner Of Income Tax, Central Circle 1(2), Pune [For Short “Ao”] For Assessment Years [For Short “Ay”] 2010-11 To 2013-14. Itat-Pune Page 1 Of 12

depreciation u/s 32(1)(iia) of the Act for impugned assessment years, in the light of limitation casted in sub-section

SUPERFINE METALS P LTD,AHMEDNAGAR vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE 1(2), , PUNE

Bench: Shri S. S. Godara & Shri G. D. Padmahshaliआयकर अपीऱ सं. / Ita Nos. 631 To 634/Pun/2021 निर्धारण वर्ा / Assessment Years : 2010-2011 To 2013-14 Superfine Metals Private Ltd., E29/E39, Supa Midc, Tal. Parner, Ahmednagar – 414302 . . . . . . . अपीऱधर्थी / Appellant Pan:Aakcs6038H बनाम / V/S. Asst. Commissioner Of Income Tax, . . . . . . . . प्रत्यर्थी / Respondent Central Circle 1(2), Pune द्वारा/ Appearances Assessee By : Shri M. K. Kulkarni Revenue By : Shri M. G. Jasnani सुनवाई की तारीख / Date Of Conclusive Hearing : 28/09/2022 घोषणा की तारीख / Date Of Pronouncement : 07/10/2022 आदेश / Order Per G. D. Padmahshali, Am; Present Bunch Of Five Appeals Of The Assessee Is Assailed Against Separate Orders Of Commissioner Of Income Tax (Appeals), Pune-11 [For Short “Cit(A)”] All Dt. 16/11/2021 Passed U/S 250 Of The Income-Tax Act, 1961 [For Short “The Act”], Which Arose Out Of Rectification Orders Dt. 20/02/2021 Passed U/S 154 By The Asst. Commissioner Of Income Tax, Central Circle 1(2), Pune [For Short “Ao”] For Assessment Years [For Short “Ay”] 2010-11 To 2013-14. Itat-Pune Page 1 Of 12

depreciation u/s 32(1)(iia) of the Act for impugned assessment years, in the light of limitation casted in sub-section

JAYNT VASUDEO ARADHYE,SOLAPUR vs. DCIT, CIRCLE-1, SOLAPUR, SOLAPUR

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

Bench: Shri R. K. Panda & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.683/Pun/2024 िनधा"रण वष" / Assessment Year: 2022-23 Jaynt Vasudeo Aradhye, Vs. Dcit, Circle-1, Solapur. Villa No.25, Indradhanu, Laxmi Peth, Vishnu Mill Compound, Solapur- 413001. Pan : Aappa8903M Appellant Respondent Assessee By : Shri Deepak Chintaman Gadgil Revenue By Shri Ramnath P. Murkunde : Date Of Hearing 06.08.2024 : Date Of Pronouncement : 21.10.2024 आदेश / Order Per Vinay Bhamore, Jm: This Appeal Filed By The Assessee Is Directed Against The Order Dated 07.02.2024 Passed By Ld. Addl./Jcit(A)-1, Coimbatore For The Assessment Year 2022-23 2. The Appellant Has Raised The Following Grounds Of Appeal :- “I. The Cpc Was Not Correct Both Factually & Legally In Not Considering The Claim Of Brought Forwarded Short Term Capital Loss Of Rs 27,78,028/-. 11. Section 143(1) As It Stands On The Statute Books As On Today, Does Not Permit Either Cpc Or The Ao To Make Such Adjustments As They Are Beyond The Scope Of The Said Section.

depreciation, if any, under any provision of section 32, except clause (iia) of sub-section (1) of the said section

GENERAL INDUSTRIAL CONTROS LTD.,PUNE vs. DCIT CIRCLE 8, PUNE, PUNE

In the result, the order of the CIT(A) is set aside, and the appeal of the assessee is partly allowed

Bench: Dr.Dipak P. Ripote & Shri Vinay Bhamore

depreciation, if any, under any provision of section 32, except clause (iia) of sub-section (1) of the said section

M/S KOLTE-PATIL INTEGRATED TOWNSHIPS LIMITED,PUNE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-7, PUNE, PUNE

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

Bench: Shri R. K. Panda & Shri Vinay Bhamoreassessment Year : 2021-22

depreciation, if any, under any provision of section 32, except clause (iia) of sub-section (1) of the said section

ASST COMMISSIONER OF INCOME TAX , PANVEL vs. EPYGEN BIOTECH PRIVATE LIMITED, NAVI MUMBAI

In the result, appeal of the Revenue is allowed

Bench: Dr. Manish Borad & Shri Vinay Bhamore

iia) or clause (iii), after the date on which the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020 receives the assent of the President, shall, at any one time, have effect for such assessment year or years, not exceeding five assessment years as may be specified in the notification

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

In the result, both the appeals are partly allowed for statistical purposes

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपीऱ सं. / Ita No.1261/Pun/2018 निर्धारण वषा / Assessment Year : 2010-11 M/S. Carraro India Private Vs. Dcit, Circle-1(1), Limited, Pune B-2/2, Midc, Ranjangaon, Pune – 412 220 Maharashtra, India Pan : Aaacc5292M Appellant Respondent आयकर अपीऱ सं. / Ita No.1309/Pun/2018 निर्धारण वषा / Assessment Year : 2010-11 Dcit, Circle-1(1), Vs. M/S. Carraro India Private Pune Limited, B-2/2, Midc, Ranjangaon, Pune – 412 220 Maharashtra, India Pan : Aaacc5292M Appellant Respondent Assessee By Shri M.P. Lohia Revenue By Shri Shivraj B. Morey Date Of Hearing 14-07-2021 Date Of Pronouncement 15-07-2021

depreciation u/s.32(1)(iia) which provides that : “in the case of new machinery or plant. . . . . . . which has been acquired and installed after the thirty first day of March, 2005. . . . . . a further sum equal to 20% of the actual cost of such machinery or plant shall be allowed as deduction under clause (ii)”. The prescription of section 32

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

In the result, both the appeals are partly allowed for statistical purposes

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपीऱ सं. / Ita No.1261/Pun/2018 निर्धारण वषा / Assessment Year : 2010-11 M/S. Carraro India Private Vs. Dcit, Circle-1(1), Limited, Pune B-2/2, Midc, Ranjangaon, Pune – 412 220 Maharashtra, India Pan : Aaacc5292M Appellant Respondent आयकर अपीऱ सं. / Ita No.1309/Pun/2018 निर्धारण वषा / Assessment Year : 2010-11 Dcit, Circle-1(1), Vs. M/S. Carraro India Private Pune Limited, B-2/2, Midc, Ranjangaon, Pune – 412 220 Maharashtra, India Pan : Aaacc5292M Appellant Respondent Assessee By Shri M.P. Lohia Revenue By Shri Shivraj B. Morey Date Of Hearing 14-07-2021 Date Of Pronouncement 15-07-2021

depreciation u/s.32(1)(iia) which provides that : “in the case of new machinery or plant. . . . . . . which has been acquired and installed after the thirty first day of March, 2005. . . . . . a further sum equal to 20% of the actual cost of such machinery or plant shall be allowed as deduction under clause (ii)”. The prescription of section 32

M/S. PRECAST INDIA INFRASTURES PVT. LTD,PUNE vs. THE DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE-4, PUNE

Appeal is allowed for statistical purpose in above terms

Bench: Shri S.S.Godara, Jm & Shri Dr. Dipak P. Ripote, Am आयकर अपीऱ सं. / Ita No.293/Pun/2020 ननधधारण वषा / Assessment Year : 2012-13 M/S. Precast India Infrastructures Pvt. Ltd., Plot No. 58B, Cdsa Campus Pune, Paud Road, Bavdhan Khurd Pune - 411021 .......अपऩलधथी / Appellant Pan : Aafcp2784C

depreciation claim u/s. 32(1)(iia) amounting to Rs.1,58,69,783/-, Section 36(1)(iii) interest of Rs.25,96,135/- followed

ASSTT. COMMISSIONER OF INCOME-TAX CIRCLE-5, PUNE, PUNE vs. RENU ELECTRONICS PRIVATE LIMITED, PUNE

In the result, appeal of the Revenue is dismissed

Bench: Ms.Astha Chandra & Dr.Dipak P. Ripoteआयकर अपील सं. / Ita No.353/Pun/2024 िनधा"रण वष" / Assessment Year: 2011-12 The Assistant V Renu Electronics Private Commissioner Of S Limited, S.No.2/6, Near Baner Income Tax, Circle-5, Telephone Exchange, Baner, Pune. Pune – 411045. Pan: Aaacr8741G Appellant / Revenue Respondent / Assessee Cross Objection No.18/Pun/2024 िनधा"रण वष" / Assessment Year: 2011-12 The Assistant V Renu Electronics Private Commissioner Of S Limited, S.No.2/6, Near Baner Income Tax, Circle-5, Telephone Exchange, Baner, Pune. Pune – 411045. Pan: Aaacr8741G Appellant / Revenue Respondent / Assessee Assessee By Shri Nikhil Pathak – Ar Revenue By Shri Arvind Desai – Addl.Cit(Dr) Date Of Hearing 03/10/2024 Date Of Pronouncement 28/10/2024 आदेश/ Order Per Dr. Dipak P. Ripote, Am: These Are Two Appeals Ita No.353/Pun/2024 Filed By The Revenue & Cross Objection C.O. No.18/Pun/2024 Filed By The

32(1)(iia) of I.T.Act, 1961 to the assessee without ensuring that all of the essential conditions laid down for eligibility of excess depreciation u/s.32(1)(iia) are actually fulfilled by the assessee or not. 2. The appellant craves leave to add, amend, or alter any ground(s) of appeal at the time of hearing before the Hon'ble Tribunal

SMT. SUNITA G. DESAI,,RATNAGIRI vs. INCOME-TAX OFFICER, WARD - 1,, RATNAGIRI

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

Bench: Shri Satbeer Singh Godara, Jm & Dr. Dipak P. Ripote, Am आयकरअपीलसं. / Ita No.2761/Pun/2017 िनधा"रणवष" / Assessment Year : 2009-10 Smt.Sunitag.Desai, The Income Tax Officer, Master Plaza, Jakadevi, Vs Ward-1, Ratnagiri. Khalgaon, Ratnagiri. Pan: Abopd 2868 A Appellant/ Revenue Respondent/ Assessee Assessee By Shri Kishor B Phadke – Ar Revenue By Shri S P Walimbe - Dr Date Of Hearing 21/04/2022 Date Of Pronouncement 16/06/2022 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Is An Appeal Filed By The Assessee Directed Against The Order Of Ld.Commissioner Of Income Tax(Appeals)-2, Kolhapur Dated 01.09.2017 For The Assessment Year 2009-10. The Assessee Raised The Following Grounds Of Appeal: “1. The Learned Cit(A)-2, Kolhapur Erred In Law & On Facts In Upholding The Action Of The Learned Ito, Ward-1, Ratnagiri (Hereinafter Referred To As The Learned Ao) In Assessing Total Income Of Appellant At Rs, 50,34,254/- Instead Of Returned Income Of Rs. 4,05,200/-. 2. The Learned Cit(A)-2, Kolhapur Erred In Law & On Facts In Sustaining The Additionof Rs.33,79,054/- Made By The Learned Ao U/S 69C Of The Ita, 1961 For The Bogus Purchases From M/S. Adijin Enterprises & M/S. Hiten Enterprises; Without Appreciating That, No Any Enquiries Were Carried Out By The L-T Authorities In This Regard. 3. The Learned Cit(A)-2, Kolhapur & The Learned Ao Erred In Law & On Facts In Not Appreciating That, The Said Bogus Purchases Of Rs. 33,79,054/- Were, Intact, Capitalized To Plant & Machinery & Depreciation Of Only Rs. 5,06,958/- (I.E. 15% Of Rs. 33,79,054/-) Was Claimed As A Deduction By Appellant During Ay 2009-10. The Learned

32. (1) In respect of depreciation of— (i) buildings, machinery, plant or furniture, being tangible assets; (ii) know-how, patents, copyrights, trademarks, licences, franchises or any other business or commercial rights of similar nature, being intangible assets acquired on or after the 1st day of April, 1998, owned, wholly or partly, by the assessee and used for the purposes

ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE - 1,, KOLHAPUR vs. KOLHAPUR ZILLA SAHAKARI DUDH UTPADAK SANGH LTD,, KOLHAPUR

Appeal is dismissed in above terms

Bench: Shri S.S.Godara, Jm & Shri Inturi Rama Rao, Am आयकर अपील सं. / Ita No.773/Pun/2019 धनधाारण वषा / Assessment Year : 2015-16

depreciation claimed is Rs. 67,73,998. The AO was of the view that the provisions of section 32(1)(iia

ASSISTANT COMMISSIONER OF INCOME TAX, AAYKAR BHAWAN, KOLHAPUR, MAHARASHTRA vs. KOLHAPUR ZILLA SAHAKARI DUDH UTPADAK SANGH LIMITED, KOLHAPUR

In the result, appeal of the Revenue is partly allowed

Bench: Shri S.S.Godara & Dr. Dipak P. Ripoteआयकर अपील सं. / Ita No.1236/Pun/2023 िनधा"रण वष" / Assessment Year : 2017-18 The Assistant Kolhapur Zilla Sahakari Commissioner Of Income V Dudhutpadak Sangh Limited, Tax, S B-1, Midc, Gokul Shirgaon, Kolhapur. Kolhapur – 416234. Pan: Aaaak0230D Appellant / Revenue Respondent /Assessee Assessee By None. Revenue By Shri Sandeep P. Sathe – Dr Date Of Hearing 10/04/2024 Date Of Pronouncement 25/04/2024 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Is An Appeal Filed By The Revenue Against The Order Of Ld.Commissioner Of Income Tax(Appeal)[Nfac], Delhi Under Section 250 Of The Income Tax Act, 1961, Emanating From The Order Under Section 143(3) Of The Act, Dated 30.12.2019.The Revenue Has Raised The Following Grounds Of Appeal : “1. The Cit(A) Erred In Allowing Rs.5,62,220/- On Account Of Fixed Assets On Which Project Subsidy Was Received From National Dairy Development Board As The Department Has Contested The Issue Before The Supreme Court. Kolhapur Zilla Sahakari Dudh Utpadak Sangh Limited [R]

depreciation claimed is Rs.67,73,998. 4 Kolhapur Zilla Sahakari Dudh Utpadak Sangh Limited [R] The AO was of the view that the provisions of section 32(1)(iia