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

56 3 2018-19 37.09 Cr. 37.09 Cr. 44, 46, 132, 152 & 159 4 2019-20 32.24 Cr. 33.24 Cr. 42,44,147,64 & 170 5 2020-21 43.41 Cr. 43.41 Cr. 6,10,72 & 73 2. The Ld. Departmental Representative (DR) has argued that the subsidy received by the assessee from Government of Maharashtra under the Package Scheme

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

56 3 2018-19 37.09 Cr. 37.09 Cr. 44, 46, 132, 152 & 159 4 2019-20 32.24 Cr. 33.24 Cr. 42,44,147,64 & 170 5 2020-21 43.41 Cr. 43.41 Cr. 6,10,72 & 73 2. The Ld. Departmental Representative (DR) has argued that the subsidy received by the assessee from Government of Maharashtra under the Package Scheme

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

56 3 2018-19 37.09 Cr. 37.09 Cr. 44, 46, 132, 152 & 159 4 2019-20 32.24 Cr. 33.24 Cr. 42,44,147,64 & 170 5 2020-21 43.41 Cr. 43.41 Cr. 6,10,72 & 73 2. The Ld. Departmental Representative (DR) has argued that the subsidy received by the assessee from Government of Maharashtra under the Package Scheme

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

56 3 2018-19 37.09 Cr. 37.09 Cr. 44, 46, 132, 152 & 159 4 2019-20 32.24 Cr. 33.24 Cr. 42,44,147,64 & 170 5 2020-21 43.41 Cr. 43.41 Cr. 6,10,72 & 73 2. The Ld. Departmental Representative (DR) has argued that the subsidy received by the assessee from Government of Maharashtra under the Package Scheme

M/S. CLASSIC CITI INVESTMENTS PRIVATE LIMITED,PUNE vs. THE INCOME TAX OFFICER, WARD-1(2), PUNE

In the result, the appeal for the A

Bench: Shri R.S. Syal & Shri Partha Sarathi Chaudhury

vii) of section 56(2) defines the ’fair market value’ of a property other than immovable property to mean: `the value determined in accordance with the method as may be prescribed’. Classic Citi Investments Pvt. Ltd. The method has been prescribed in Rules 11U and 11UA. Rule 11UA(1) deals with valuation of various types of assets. Insofar

M/S. CLASSIC CITI INVESTMENTS PRIVATE LIMITED,PUNE vs. THE INCOME TAX OFFICER, WARD-1(2), PUNE

In the result, the appeal for the A

Bench: Shri R.S. Syal & Shri Partha Sarathi Chaudhury

vii) of section 56(2) defines the ’fair market value’ of a property other than immovable property to mean: `the value determined in accordance with the method as may be prescribed’. Classic Citi Investments Pvt. Ltd. The method has been prescribed in Rules 11U and 11UA. Rule 11UA(1) deals with valuation of various types of assets. Insofar

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

56\n44, 46, 132,\n152 & 159\n4\n2019-20\n32.24 Cr.\n33.24 Cr.\n42,44,147,64\n& 170\n5\n2020-21\n43.41 Cr.\n43.41 Cr.\n6,10,72 & 73\n\n2.\nThe Ld. Departmental Representative (DR) has argued that the\nsubsidy received by the assessee from Government of Maharashtra\nunder the Package Scheme of Incentives (PSI) (2007) (Mega Project

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

56\n3\n2018-19\n37.09 Cr.\n37.09 Cr.\n44, 46, 132,\n152 & 159\n4\n2019-20\n32.24 Cr.\n33.24 Cr.\n42,44,147,64\n& 170\n5\n2020-21\n43.41 Cr.\n43.41 Cr.\n6,10,72 & 73\n2. The Ld. Departmental Representative (DR) has argued that the\nsubsidy received by the assessee from Government of Maharashtra\nunder the Package Scheme

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

56\n3\n2018-19\n37.09 Cr.\n37.09 Cr.\n44, 46, 132,\n152 & 159\n4\n2019-20\n32.24 Cr.\n33.24 Cr.\n42,44,147,64\n& 170\n5\n2020-21\n43.41 Cr.\n43.41 Cr.\n6,10,72 & 73\n2. The Ld. Departmental Representative (DR) has argued that the\nsubsidy received by the assessee from Government of Maharashtra\nunder the Package Scheme

INCOME TAX OFFICER, PUNE vs. SAGAR CONSTRUCTION COMPANY, PUNE

In the result, the appeal filed by the Revenue is dismissed and the CO filed by the assessee is allowed

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2017-18

56. Before us, Ld. A.R. submitted that, here the revenue used some information was gathered from the seized material from the premises of the persons searched as has been mentioned by the CIT (A) in his appellate order and also in reasons recorded in para 2 (supra) that the fact that assessee taken accommodation entry of bogus LTCG was found

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, AURANGABAD., AURANGABAD. vs. TAPADIYA CONSTRUCTION LTD, AURANGABAD

In the result, appeal of the Revenue is dismissed

Bench: Dr. Manish Borad & Shri Vinay Bhamore

depreciation claimed. (Refer: Pages 32 to 35) 7.3 Very significantly, the books of accounts and the book result have not been rejected. This is very crucial because, as pointed out at para 6.1 above, the surrender in the form of extra amenities was distinct than the surrender towards extra profit from the project. 7.4 Some of the salient features

ASSISTANT COMMISSIONER OF INCOME TAX, KOLHPAUR vs. RBL BANK LTD, KOLHAPUR

In the result, the appeal of the Revenue is dismissed

Bench: SATBEER SINGH GODARA, JUDICIAL MEMBER, AND DR.DIPAK P. RIPOTE (Accountant Member)

2 to Section 36(l)(vii) introduced by the Finance Act, 2013 with effect from 01st April, 2014. The subject year is the first of operation of the Explanation. 50. As has been explained by the CIT(A) in his order (in para 8.1), the amendment seeks to overrule the earlier judgment of various Courts, which permitted the claim

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.

vii) of the Act in accordance with law laid down by the Hon’ble Supreme Court in the case of CIT vs. Vijaya Bank Ltd., 323 ITR 166 (SC) after affording reasonable opportunity of being heard to the assessee. Thus, this ground of appeal no.4 stands partly allowed for statistical purposes. 17. In the result, the appeal filed

ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE - 6,, PUNE vs. M/S. JANATA SAHAKARI BANK LTD,, PUNE

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

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

vii) of the Act in accordance with law laid down by the Hon’ble Supreme Court in the case of CIT vs. Vijaya Bank Ltd., 323 ITR 166 (SC) after affording reasonable opportunity of being heard to the assessee. Thus, this ground of appeal no.4 stands partly allowed for statistical purposes. 17. In the result, the appeal filed

JANATA SAHAKARI BANK LIMITED,,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.

vii) of the Act in accordance with law laid down by the Hon’ble Supreme Court in the case of CIT vs. Vijaya Bank Ltd., 323 ITR 166 (SC) after affording reasonable opportunity of being heard to the assessee. Thus, this ground of appeal no.4 stands partly allowed for statistical purposes. 17. In the result, the appeal filed

ASHISH NIRANJAN SHAH,,PUNE vs. PR. COMMISSIONER OF INCOME-TAX -4,, PUNE

In the result, appeal of the assessee is dismissed

Bench: Shri S.S.Godara & Dr. Dipak P. Ripoteआयकर अपील सं. / Ita No.697/Pun/2019 िनधा"रण वष" / Assessment Year : 2014-15 Ashish Niranjan Shah, The Pr.Cit-4, Pune. 39, Mantri Court, Dr.Ambedkar V Road, Next To Rto, Sangam, S Pune – 411001. Pan: Aidps 7682 K Appellant/ Assessee Respondent /Revenue Assessee By Shri Kishor B Phadke – Ar Revenue By Shri Keyur Patel, Irs – Cit-Dr Date Of Hearing 28/07/2023 Date Of Pronouncement 13/10/2023 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Appeal Filed By The Assessee Is Directed Against The Order Of Ld.Pr.Commissioner Of Income Tax-4, Pune Dated26.03.2019 Under Section 263 Of The Income Tax Act, 1961. The Assessee Has Raised The Following Grounds Of Appeal : “1. Learned Pr. Cit- 4, Pune Erred In Law & On Facts In Treating The Assessment Order U/S 143(3) Being Erroneous & Thereby Prejudicial To The Revenue U/S 263 Without Appreciating That, The Learned Ao Has Allowed Appellant'S Claim Of Business Loss Amounting To Rs.10,20,14,068/- Incurred On Account Of Default In Payment By Nsel, With Due Application Of Mind & Verification. The Learned Pr. Cit Erred In Holding That, Ao Has Not Carried Out Any Enquiry With Respect To Business Loss Claimed By The Appellant & Not Applied His Ashish Niranjan Shah [A]

vii) of the Income-tax Act, 1961 - Bad debts - Assessment year 2004-05 - Whether even when a part of debt is written off it can be allowed as bad debt - Held, yes - Whether once a provision for doubtful debt has been debited in P/L a/c and corresponding provision has been credited or reduced from debtor's a/c on assets side

BANK OF MAHARASHRA,PUNE vs. THE PR. COMMISSIONER OF INCOME TAX, PUNE, PUNE

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

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

Depreciation Claim v. Default in TDS vi. Default in TDS & Disallowance for such Default vii. Refund Claim viii. Business Loss ix. ICDS Compliance and Adjustment x. Disallowance u/s 40A(7) (Gratuity provision) xi. Expenses incurred for Earning Exempt Income xii. Excess Contribution to Provident Fund, Superannuation Fund or Gratuity Fund xiii. Capital Gains/Income on Sale of Property xiv. Business Expenses

DCIT CIRCLE 1 NASHIK, NASHIK vs. SHREE SAI PROPERTIES, NASHIK

In the result, appeal of the Revenue is dismissed

Bench: Dr. Manish Borad & Shri Vinay Bhamore

depreciation allowance or any other allowance or deduction for such assessment year and for which a prior notice under Section 148 would be required to be issued. Section 147 does not contemplate an eventuality which Section 153A or Section 153C contemplates, the basis of which is inter alia a search action under Section 132 being resorted as noted hereinabove. Thus