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

92,18,160/- on account of short grant of TDS. 2 3. Subsequently, the assessee filed a rectification application before the CPC. The CPC in the rectification order dated 11.04.2023 instead of giving any credit for short grant of TDS raised a demand of Rs.16,09,01,080/-. 4. The assessee filed an appeal before the Ld. CIT(A) / NFAC

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)

92,38,550/- and setting off of brought forward losses of Rs.3,31,61,06,544/- determining income at Rs.Nil. The assessed income was taxed u/s 115JB of the IT Act. Subsequently, the Assessing Officer issued notice u/s 154 of the IT Act and proposed to rectify the assessment order dated 23.01.2017 passed u/s 143(3) r.w.s. 144C

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)

92,38,550/- and setting off of brought forward losses of Rs.3,31,61,06,544/- determining income at Rs.Nil. The assessed income was taxed u/s 115JB of the IT Act. Subsequently, the Assessing Officer issued notice u/s 154 of the IT Act and proposed to rectify the assessment order dated 23.01.2017 passed u/s 143(3) r.w.s. 144C

DHAS KISHOR RAMCHANDRA, AURANGABAD vs. DWARKAPRASAD BHIKULAL SONI, JALNA

In the result, the appeal filed by the Revenue stands dismissed

Bench: SHRI R. K. PANDA (Vice President), SHRI VINAY BHAMORE (Judicial Member)

depreciation. Consequently, this element to determine the valuation of the unquoted equity shares is to be considered in a broader way. 5.2.6 Further while determining the deeming income under the Income Tax Act, various concepts are there such as Safe Harbor Rule, Section 50C etc for dealing with the practical difficulties and uncertainties. However, the section 50CA is silent

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

section (2) of sec. 14A of the Act could be invoked only if the ld. O having regard to the accounts of the assessee, was not satisfied with the correctness of the claim of the assessee in respect of such expenditure in relation to income which does not form part of the total income under

JOINT COMMISSIONER OF INCOME-TAX, (OSD), CIRCLE -1,, SOLAPUR vs. M/S. LOKMANGAL AGRO INDUSTRIAL LTD,, SOLAPUR

Bench: Shri S.S. Godara & G.D. Padmahshali

depreciation claimed so as to attract section 43(1) Explanation 10 of the Act. Yet another decision Sasisri Extraction Ltd., vs., ACIT [2008] 122 ITD 428 (Vizag) also hold that mere credit of the subsidy amount in the assessee’s loan account does not attract sec.43(1) Explanation 10 of the Act. The Revenue fails in its identical former twin

JOINT COMMISSIONER OF INCOME-TAX, (OSD), CIRCLE -1,, SOLAPUR vs. M/S. LOKMANGAL AGRO INDUSTRIES LTD,, SOLAPUR

Bench: Shri S.S. Godara & G.D. Padmahshali

depreciation claimed so as to attract section 43(1) Explanation 10 of the Act. Yet another decision Sasisri Extraction Ltd., vs., ACIT [2008] 122 ITD 428 (Vizag) also hold that mere credit of the subsidy amount in the assessee’s loan account does not attract sec.43(1) Explanation 10 of the Act. The Revenue fails in its identical former twin

VATSALABAI KARBHARI DEORE,KALWAN vs. INCOME TAX OFFICER, WARD 1(5), NASHIK

In the result, the appeal filed by the assessee is allowed as per terms indicated above

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.2274/Pun/2025 Assessment Year : 2011-12

92,200. Remaining three parties are the relatives of the assessee of which Mr. Bajirao Lahanu Shinde is Son-in-law, Mr. Samadhan Deore is Son and Ms. Vaishali Deore is Daughter-in-law and that the unsecured loans were received through Account payee cheque. Ld. 7 Vatsalabai Karbhari Deore Counsel for the assessee took us through the questionnaire issued

SEMPERTRANS INDIA PRIVATE LIMITED,ROHA vs. INCOME-TAX OFFICER, PANVEL

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

depreciation. Since there being no objection\nfrom the side of ld. DR we restore the issues raised in\nGrounds of appeal No.18, 19 and 20 regarding claim of set off\nof off of brought forward business loss and unabsorbed\ndepreciation to the file of ld. Jurisdictional Assessing Officer\nbefore whom assessee shall furnish necessary details and\nproof of brought forward

KIRAN VASANT PAWAR,PUNE vs. INCOME TAX OFFICER, WARD-14(4), PUNE, PUNE

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

Bench: Shri Partha Sarathi Chaudhury & Shri G.D. Padmahshali, Accounrtant Member Kiran Vasant Pawar, Vs Ito, Ward-14(4), Office No.118, Fortune Pune. Estate, Akashwani, Hadapsar, Pune-411028 Pan: Ajmpp 9532 H Appellant Respondent Assessee By : Shri Pramod Shingte, Ca Revenue By : Shri Ganesh Budruk, Dr Date Of Hearing : 06/09/2023 Date Of Pronouncement : 20/09/2023 O R D E R Per Partha Sarathi Chaudhury, Jm: This Appeal Preferred By The Assessee Emanates From The Order Of National Faceless Appeal Centre [Nfac], Delhi, Dated 23.06.2023 For A.Y.2015-16 As Per The Grounds Of Appeal On Record.

92,142/-. In the computation of income, the assessee has taken set off of business loss and depreciation against income from firms. As per sec.44AD(2), any deduction allowable under the provisions of sec. 30 to 38 shall, for the purposes of sub-section

LIQUIDHUB ANALYTICS PVT. LTD. (NOW MERGED WITH CAPGEMINI TECHNOLOGY SERVICES INDIA LTD),PUNE vs. NFAC, PUNE

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

Bench: Shri R. K. Panda & Shri Vinay Bhamoreassessment Year : 2020-21

92,992 under section 36(1)(va) of the Act without appreciating the fact that the due dates for deposit are due on gazetted holiday and Sunday and hence the subsequent working day is to be considered as the due date in accordance with Section 10 of the General Clauses Act 1977 as well as the Section

JAIN IRRIGATION SYSTEMS LTD,,JALGAON vs. DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE - 2,, JALGAON

Appeal is partly allowed in above terms

Bench: Shri S.S.Godara & Dr.Dipak P.Ripoteआयकरअपीलसं. / Ita No.227/Pun/2018 िनधा"रणवष" / Assessment Year : 2013-14 Jain Irrigation Systems Ltd., The Deputy Commissioner Of Jain Plastic Park, N.H No.6, Vs Income Tax, Circle-2, Jalgaon – 425001. . Jalgaon. Pan: Aaacj 7163 Q Appellant/ Assessee Respondent /Revenue Assessee By Shri Percy Pardiwala; Shri Prashant Maheshwari & Ms.Monicamulchandani – Ar’S Revenue By Shri B Koteswara Rao – Dr Date Of Hearing 23/09/2022 Date Of Pronouncement 22/12/2022 आदेश/ Order Per S.S.Godara, Jm: This Assessee’Sappeal For Assessment Year 2013-14Is Directed Against Thedeputy Commissioner Of Income Tax, Cricle-2, Jalgaon’S Assessment Order Dated 29.10.2017, Framed In Furtherance To The Dispute Resolution Panel-3, Mumbai (Drp)’S Direction Dated 25.09.2017 Passed In Objection No.78, In Proceedings U/S 143(3) R,.W.S 144C(5) Of The Income Tax Act, 1961 [In Short “The Act”].

depreciation claimed by the Appellant at the rate of 25% amounting ITA No.227/PUN/2018 for A.Y. 2013-14(A) Jain Irrigation Systems Ltd., to Rs.91,00,069/- onintangible assets of Rs. 3,64.00,278/- under section 40(a)(i) of the Act. 8. Solar Renewable Energy Incentive 8.1 On the facts and in the circumstances of the case

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, AURANGABAD, AURANGABAD vs. ENDURANCE TECHNOLOGIES LIMITED , AURANGABAD

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2013-14

92, Waluj, Ranjangaon (S), Bajaj Nagar, MIDC, Waluj SO, Aurangabad - 431136 PAN: AAACF7066P (Appellant) (Respondent) Assessee by : S/Shri Nikhil Pathak and Abhay Avachat Department by : S/Shri Amol Khairnar, CIT-DR and Ramnath P Murkunde Date of hearing : 28-07-2025 Date of pronouncement : 31-07-2025 O R D E R PER R.K. PANDA, V.P: This appeal filed

A.C.I.T ,WARDHA CIRCLE , WARDHA , WARDHA vs. M/S KAPIL SOLVEX PVT .LTD , YAVATMAL

In the result, the appeal filed by the Revenue is dismissed

Bench: Shri R. K. Panda & Ms Astha Chandraassessment Year : 2009-10

section that the reasons which induced the CIT to accord sanction to proceed u/s 34 must also be communicated to the assessee and "the requirement regarding communication of the reasons to the Commissioner is, in our opinion, intended to safeguard the Interests of the assessee against any hasty action on the part of the ITO u/s 34 or an action

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, AURANGABAD, AURANGABAD vs. ENDURANCE TECHNOLOGIES LIMITED, AURANGABAD

In the result, all the appeals filed by the Revenue are dismissed

depreciation in the\nfight of provisions of section 43(1) [explanation 10]. In appeal, the Ld. CIT(A) /\nNFAC deleted the addition and the Revenue is not in appeal before the Tribunal.\nTherefore, we are not concerned with the same.\n45.\nFurther, on perusal of return of income the Assessing Officer noted that the\nassessee had claimed deduction u/s.35

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, AURANGABAD, AURANGABAD vs. ENDURANCE TECHNOLOGIES LIMITED, AURANGABAD

In the result, all the appeals filed by the Revenue are dismissed

depreciation in the\nfight of provisions of section 43(1) [explanation 10]. In appeal, the Ld. CIT(A) /\nNFAC deleted the addition and the Revenue is not in appeal before the Tribunal.\nTherefore, we are not concerned with the same.\n45. Further, on perusal of return of income the Assessing Officer noted that the\nassessee had claimed deduction u/s.35

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, AURANGABAD, AURANGABAD vs. ENDURANCE TECHNOLIGIES LIMITED, AURANGABAD

In the result, all the appeals filed by the Revenue are dismissed

depreciation in the\nfight of provisions of section 43(1) [explanation 10]. In appeal, the Ld. CIT(A) /\nNFAC deleted the addition and the Revenue is not in appeal before the Tribunal.\nTherefore, we are not concerned with the same.\n45.\nFurther, on perusal of return of income the Assessing Officer noted that the\nassessee had claimed deduction u/s.35

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, AURANGABAD, AURANGABAD vs. ENDURANCE TECHNOLOGIES LIMITED, AURANGABAD

In the result, all the appeals filed by the Revenue are dismissed

depreciation in the\nfight of provisions of section 43(1) [explanation 10]. In appeal, the Ld. CIT(A) /\nNFAC deleted the addition and the Revenue is not in appeal before the Tribunal.\nTherefore, we are not concerned with the same.\n45.\nFurther, on perusal of return of income the Assessing Officer noted that the\nassessee had claimed deduction u/s.35