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\n72 & 32(2) of the Act respectively. The fact on record reveals that the\nassessee had disclosed the brought forward loss and unabsorbed\ndepreciation in the ITR for the year 2016-17 (Page 73 to 118 of the Paper\nBook refers) and also the said disclosure was made in the tax audit report\nunder clause 32(a) thereof evidencing

KOLHAPUUR ZILLA SAH DUDH UTPADAK SANGH LTD.,,KOLHAPUR vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

In the result, all the appeals of assessee are allowed for statistical purposes

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.616 To 618/Pun/2016 यििाारण वषा / Assessment Years : 2009-10 To 2011-12 Kolhapur Zilla Sah Dudh Utpadak Sangh Ltd., B-1, Midc, Gokul Shiraon, अऩीऱाथी/Appellant Kolhapur …. Pan: Aaaak0230D Vs. The Asst. Commissioner Of Income Tax, …. प्रत्यथी / Respondent Circle 1, Kolhapur

54,934/-. The CIT(A) allowed the claim of assessee by observing that whether the additional depreciation was available only in the first year of acquiring the plant & machinery or not, was a debatable issue and the same could not be dealt with under section

KOLHAPUUR ZILLA SAH DUDH UTPADAK SANGH LTD.,,KOLHAPUR vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

In the result, all the appeals of assessee are allowed for statistical purposes

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.616 To 618/Pun/2016 यििाारण वषा / Assessment Years : 2009-10 To 2011-12 Kolhapur Zilla Sah Dudh Utpadak Sangh Ltd., B-1, Midc, Gokul Shiraon, अऩीऱाथी/Appellant Kolhapur …. Pan: Aaaak0230D Vs. The Asst. Commissioner Of Income Tax, …. प्रत्यथी / Respondent Circle 1, Kolhapur

54,934/-. The CIT(A) allowed the claim of assessee by observing that whether the additional depreciation was available only in the first year of acquiring the plant & machinery or not, was a debatable issue and the same could not be dealt with under section

KOLHAPUUR ZILLA SAH DUDH UTPADAK SANGH LTD.,,KOLHAPUR vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

In the result, all the appeals of assessee are allowed for statistical purposes

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita Nos.616 To 618/Pun/2016 यििाारण वषा / Assessment Years : 2009-10 To 2011-12 Kolhapur Zilla Sah Dudh Utpadak Sangh Ltd., B-1, Midc, Gokul Shiraon, अऩीऱाथी/Appellant Kolhapur …. Pan: Aaaak0230D Vs. The Asst. Commissioner Of Income Tax, …. प्रत्यथी / Respondent Circle 1, Kolhapur

54,934/-. The CIT(A) allowed the claim of assessee by observing that whether the additional depreciation was available only in the first year of acquiring the plant & machinery or not, was a debatable issue and the same could not be dealt with under section

DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE -1(1),, PUNE vs. M/S. CUMMINS SALES & SERVICES (I),LTD,(FORMERLY KNOWN AS CUMMINS DIESELS SALES & SERVICE LTD,), PUNE

In the result, the appeal filed by the Revenue stands partly allowed

54,99,878/- and unabsorbed depreciation losses of Rs.3,47,20,047/- pertaining to demerged undertaking 3 under sub-section

W.B. ENGINEERS INTERNATIONAL PVT.LTD,,PUNE vs. DY. COMMISSIONER OF INCOME TAX - (HQ)-IV,, PUNE

In the result, the appeal is allowed

Bench: Shri R.S. Syalआयकर अपील सं. / Ita No. 755/Pun/2019 िनधा"रण वष" / Assessment Year : 2006-07

depreciation claimed @10% on Stone Crushing equipment acquired during the year amounting to Rs.41,54,127/-. The assessee challenged the order before the ld. CIT(A) but without success. 4. I have heard both the sides and perused the relevant material on record. The first issue is against the initiation of re-assessment proceedings. It is noticed that the original

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

depreciation on infra cost and also deduction on account of infra cost and also application of income. But we would be failing if we do not address the last plea raised by the learned Authorized Representative for the assessee that though the Tribunal vide its order dated 20.06.2018 has decided the issue against assessee but the issue stands squarely covered

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 infra cost and also deduction on account of infra cost and also application of income. But we would be failing if we do not address the last plea raised by the learned Authorized Representative for the assessee that though the Tribunal vide its order dated 20.06.2018 has decided the issue against assessee but the issue stands squarely covered

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 infra cost and also deduction on account of infra cost and also application of income. But we would be failing if we do not address the last plea raised by the learned Authorized Representative for the assessee that though the Tribunal vide its order dated 20.06.2018 has decided the issue against assessee but the issue stands squarely covered

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

depreciation on infra cost and also deduction on account of infra cost and also application of income. But we would be failing if we do not address the last plea raised by the learned Authorized Representative for the assessee that though the Tribunal vide its order dated 20.06.2018 has decided the issue against assessee but the issue stands squarely covered

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 infra cost and also deduction on account of infra cost and also application of income. But we would be failing if we do not address the last plea raised by the learned Authorized Representative for the assessee that though the Tribunal vide its order dated 20.06.2018 has decided the issue against assessee but the issue stands squarely covered

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 infra cost and also deduction on account of infra cost and also application of income. But we would be failing if we do not address the last plea raised by the learned Authorized Representative for the assessee that though the Tribunal vide its order dated 20.06.2018 has decided the issue against assessee but the issue stands squarely covered

M/S JOHNSON MATHEY CHEMICALS INDIA PVT. LTD,THANE vs. CIT II, THANE

In the result, appeal of assessee is allowed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita No.4368/M/2011 यििाारण वषा / Assessment Year : 2007-08 M/S. Johnson Matthey Chemicals India Pvt. Ltd., Plot No.-6A, Midc Industrial Estate, Taloja, अऩीऱाथी/Appellant Dist. Raigad, Maharashtra – 410208 …. Pan : Aabcj1620M Vs. The Commissioner Of Income Tax-Ii, Thane …. प्रत्यथी / Respondent अऩीऱाथी की ओर से / Appellant By : Shri P.J. Pardiwala & Smt. Vasanti Patel प्रत्यथी की ओर से / Respondent By : Shri Rajeev Kumar, Cit घोषणा की तारीख / सुनवाई की तारीख / Date Of Hearing : 26.04.2018 Date Of Pronouncement: 24.07.2018

depreciation once the assets had entered into block of assets, in view of section 43(6) of the Act; h) Corporate issue of expenses pertaining to increase in share capital.” 14. The Tribunal further decided the issue of allocation of value of consideration to the two lands i.e. Panki and Taloja. In respect of land at Panki, the conclusion

SUN INFRASTRUCTURES PRIVATE LIMITED,NASHIK vs. INCOME TAX OFFICER, WARD-2(1), NASHIK, NASHIK

In the result, the appeal of the assessee is dismissed

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

section 139(1) of the Act, only depreciation loss of Rs. 12,69,0741- is allowable to be carried forward to the subsequent assessment year. Accordingly, the assessed business loss of Rs. 60,54

BALAJI UDYOG,JALGAON vs. ITO WARD 1(3), JALGAON

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

Bench: Shri R. K. Panda & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.1501/Pun/2024 िनधा"रण वष" / Assessment Year : 2015-16 Balaji Udyog, Vs. Ito, Ward-1(3), Jalgaon. J-81, Midc Area, Jalgaon- 425003. Pan : Aagfb2522E Appellant Respondent Assessee By : Shri Vinay Kawadia Revenue By : Shri Ramnath P. Murkunde Date Of Hearing : 23.12.2024 Date Of Pronouncement : 11.03.2025 आदेश / Order Per Vinay Bhamore, Jm: This Appeal Filed By The Assessee Is Directed Against The Order Dated 22.05.2024 Passed By Ld. Cit(A)/Nfac For The Assessment Year 2015-16. 2. The Appellant Has Raised The Following Grounds Of Appeal :- “1) Under The Facts & Circumstances Of The Case & In Law The Learned Cit(A). Nfac Has Erred In Confirming The Disallowance Of Interest Paid To Partners Amounting To Rs.19,23,457/- U/S 40(B) Of The Act. He Specifically Erred In Law In Recasting The Capital Accounts Of The Partners On Account Of Non-Provision Of Depreciation In Books Of Account. 2) The Ld. Cit(A) Erred On Facts & In Law In Upholding Disallowance Of Rs.1,13,286/-Being 10% Of The Various Expenses Debited To Profit & Loss Account.

section shall apply whether or not the assessee has claimed the deduction in respect of depreciation in computing his total income;” 11. In the instant case, the assessee by not claiming the depreciation in profit and loss account but crediting the same in computation of income has adopted a new device by showing more book profit and thereby crediting more

ASSISTANT COMMISSIONER OF INCOME-TAX vs. M/S. KPIT TECHNOLOGIES LTD.,, PUNE

In the result, appeal of assessee relating to assessment year 2008-09 is partly allowed, appeal of assessee relating to assessment year 2009-10 and appeal of Revenue are partly allowed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita No.246/Pun/2013 यििाारण वषा / Assessment Year : 2008-09

section 10A of the Act. The assessee had also claimed depreciation on intangible assets i.e. Right to Render Business process outsourcing service. The opening WDV of intangible assets was ₹ 20,67,31,603/- and the assessee had claimed depreciation of ₹ 2,29,70,178/-. The closing WDV of said asset was ₹ 18,37,61,425/-. The assessee explained that

KPIT CUMMINS GLOBAL BUSINESS SOLUTIONS LTD., (NOW MERGED WITH KPIT CUMMINS INFOSYSTEMS LTD),PUNE vs. ACIT, CIRCLE 11(1), PUNE

In the result, appeal of assessee relating to assessment year 2008-09 is partly allowed, appeal of assessee relating to assessment year 2009-10 and appeal of Revenue are partly allowed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita No.246/Pun/2013 यििाारण वषा / Assessment Year : 2008-09

section 10A of the Act. The assessee had also claimed depreciation on intangible assets i.e. Right to Render Business process outsourcing service. The opening WDV of intangible assets was ₹ 20,67,31,603/- and the assessee had claimed depreciation of ₹ 2,29,70,178/-. The closing WDV of said asset was ₹ 18,37,61,425/-. The assessee explained that

KPIT CUMMINS GLOBAL BUSINESS SOLUTIONS LTD.,,PUNE vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

In the result, appeal of assessee relating to assessment year 2008-09 is partly allowed, appeal of assessee relating to assessment year 2009-10 and appeal of Revenue are partly allowed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita No.246/Pun/2013 यििाारण वषा / Assessment Year : 2008-09

section 10A of the Act. The assessee had also claimed depreciation on intangible assets i.e. Right to Render Business process outsourcing service. The opening WDV of intangible assets was ₹ 20,67,31,603/- and the assessee had claimed depreciation of ₹ 2,29,70,178/-. The closing WDV of said asset was ₹ 18,37,61,425/-. The assessee explained that