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

45,99,312/-. Return processed u/s.143(1)(a) of the Act. Subsequently, case selected for Compulsory Manual Scrutiny followed by validly serving notices u/s.143(2) and 142(1) of the Act. So far as the issue raised in the instant appeal is concerned, we note that ld. AO had examined the issue of subsidy received by the assessee from

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

45,99,312/-. Return processed u/s.143(1)(a) of the Act. Subsequently, case selected for Compulsory Manual Scrutiny followed by validly serving notices u/s.143(2) and 142(1) of the Act. So far as the issue raised in the instant appeal is concerned, we note that ld. AO had examined the issue of subsidy received by the assessee from

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

45,99,312/-. Return processed u/s.143(1)(a) of the Act. Subsequently, case selected for Compulsory Manual Scrutiny followed by validly serving notices u/s.143(2) and 142(1) of the Act. So far as the issue raised in the instant appeal is concerned, we note that ld. AO had examined the issue of subsidy received by the assessee from

DY. COMMISSIONER OF INCOME-TAX, CIRCLE-5, PUNE vs. SHRINIWAS ENGINEERING AUTO COMPONENTS PVT. LTD., 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

45,99,312/-. Return processed u/s.143(1)(a) of the Act. Subsequently, case selected for Compulsory Manual Scrutiny followed by validly serving notices u/s.143(2) and 142(1) of the Act. So far as the issue raised in the instant appeal is concerned, we note that ld. AO had examined the issue of subsidy received by the assessee from

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

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

Section 43(6) of the IT Act 1961\nestablishes that the depreciation on goodwill as a result of amalgamation is\nnot allowable.\nResultantly, the claims made by the appellant in support of this ground do\nnot have any merit. Therefore, the addition made by assessing officer on\naccount of disallowance of claim of depreciation on goodwill as a result

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

45,99,312/-.\nReturn processed u/s.143(1)(a) of the Act. Subsequently, case\nselected for Compulsory Manual Scrutiny followed by validly\nserving notices u/s.143(2) and 142(1) of the Act. So far as\nthe issue raised in the instant appeal is concerned, we note that\nld. AO had examined the issue of subsidy received by the\nassessee from

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

45,99,312/-.\nReturn processed u/s.143(1)(a) of the Act. Subsequently, case\nselected for Compulsory Manual Scrutiny followed by validly\nserving notices u/s.143(2) and 142(1) of the Act. So far as the\nissue raised in the instant appeal is concerned, we note that\nld. AO had examined the issue of subsidy received by the\nassessee from

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

45,99,312/-.\nReturn processed u/s.143(1)(a) of the Act. Subsequently, case\nselected for Compulsory Manual Scrutiny followed by validly\nserving notices u/s.143(2) and 142(1) of the Act. So far as the\nissue raised in the instant appeal is concerned, we note that\nld. AO had examined the issue of subsidy received by the\nassessee from

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

45. The issue in grounds of appeal No.9.1 and 9.2 against claim of weighted deduction under section 35(2AB) of the Act is similar to grounds of appeal No.8.1 and 8.2 raised in assessment year 2010-11. Following the same parity of reasoning, we direct the Assessing Officer to allow weighted deduction under section

INCOME-TAX OFFICER, WARD - 2(3),, SOLAPUR vs. SHRI. ULHAS MALLIKARJUN PATIL,, SOLAPUR

Appeal is partly allowed for statistical purpose in above terms

Bench: Shri S.S.Godara & Shri Inturi Rama Raoआयकर अपीलसं. / Ita No.1751/Pun/2018 िनधा"रणवष" / Assessment Year : 2013-14 The Income Tax Officer, Shri Ulhas Mallikarjun Patil, Ward-2(3), Solapur, Vs Block No.3, Sunandan . Complex, Near Dayanand College, Ravivar Peth, Solapur – 413004. Pan: Akepp 1943 P Appellant/ Assessee Respondent /Revenue Assessee By Shri Krishna V Gujarathi – Ar Revenue By Shri Ramnath P Murkunde – Dr Date Of Hearing 05/09/2022 Date Of Pronouncement 06/09/2022 आदेश/ Order Per S.S.Godara, Jm: This Revenue’S Appeal For Assessment Year 2013-14 Is Directed Against The Commissioner Of Income Tax(Appeals)-7, Pune’S Order Dated 31.08.2018 Passed In Case No.Pn/Cit(A)-7/Wd- 2(3)/10434/2016-147, In Proceedings U/S.143(3) Of The Income Tax Act, 1961 [In Short “The Act”].

45,400/- in F.Y. 2006-07. The assessee has also capitalized interest of Rs. 89,65,775/- towards cost of construction. The sale value of the property is Rs. 3i00,00,000/-. The property (building) was given on rent to various schools from 01.06.2008. The assessee has shown income from business in return of income. The AO sought to invoked

ASST. CIT, CIRCLE-6, PUNE vs. SAKAL PAPERS LIMITED,, PUNE

In the result, appeal of the Revenue in ITA No

Bench: Shri R.S. Syal, Vp & Shri Partha Sarathi Chaudhury, Jm

45(2) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) held that the conversion of stock-in-trade into investment cannot be considered as transfer. The Assessing Officer observed that there are no specific provisions u/s.45 dealing with conversion of stock-in-trade into capital assets. The Assessing Officer observed that the assessee had purchased

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

45. The issue raised in cross objections / appeals filed by Revenue is against allowance of depreciation on brought forward block of assets of ITA Nos.929 to 932/PUN/2014 CO Nos.78 & 79/PUN/2014 assessee trust. The Assessing Officer had re-worked the WDV of assets by allowing depreciation for one year. However, in view of Explanation 6 to section

INCOME-TAX OFFICER vs. PIMPRI CHINCHWAD NEW TOWN DEVELOPMENT AUTHORITY,, PUNE

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

45. The issue raised in cross objections / appeals filed by Revenue is against allowance of depreciation on brought forward block of assets of ITA Nos.929 to 932/PUN/2014 CO Nos.78 & 79/PUN/2014 assessee trust. The Assessing Officer had re-worked the WDV of assets by allowing depreciation for one year. However, in view of Explanation 6 to section

INCOME-TAX OFFICER vs. PIMPRI CHINCHWAD NEW TOWN DEVELOPMENT AUTHORITY,, PUNE

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

45. The issue raised in cross objections / appeals filed by Revenue is against allowance of depreciation on brought forward block of assets of ITA Nos.929 to 932/PUN/2014 CO Nos.78 & 79/PUN/2014 assessee trust. The Assessing Officer had re-worked the WDV of assets by allowing depreciation for one year. However, in view of Explanation 6 to section

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

45. The issue raised in cross objections / appeals filed by Revenue is against allowance of depreciation on brought forward block of assets of ITA Nos.929 to 932/PUN/2014 CO Nos.78 & 79/PUN/2014 assessee trust. The Assessing Officer had re-worked the WDV of assets by allowing depreciation for one year. However, in view of Explanation 6 to section

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

45. The issue raised in cross objections / appeals filed by Revenue is against allowance of depreciation on brought forward block of assets of ITA Nos.929 to 932/PUN/2014 CO Nos.78 & 79/PUN/2014 assessee trust. The Assessing Officer had re-worked the WDV of assets by allowing depreciation for one year. However, in view of Explanation 6 to section

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

45. The issue raised in cross objections / appeals filed by Revenue is against allowance of depreciation on brought forward block of assets of ITA Nos.929 to 932/PUN/2014 CO Nos.78 & 79/PUN/2014 assessee trust. The Assessing Officer had re-worked the WDV of assets by allowing depreciation for one year. However, in view of Explanation 6 to section

JANATA SAHAKARI BANK LTD,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE - 6,, PUNE

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

Bench: Shri Inturi Rama Rao & Shri S. S. Viswanethra Ravisl.

depreciation in the value of investments should be allowed as a deduction. He submitted that the issue is no longer re- judicata, as it was decided in the assessee’s own case in favour of the assessee by the Coordinate Bench of the Tribunal for the assessment year 2011-12 in ITA No.1761/PUN/2017, order dated 11.02.2020 following the decision