AVINASH RAMCHANDRA PHADNIS,,PUNE vs. INCOME TAX OFFICER,,

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

Bench: Shri D. Karunakara Rao, Am आयकर अपील सं./ Ita No. 2958/Pun/2016 िनधा!रण वष! / Assessment Year : 2013-14

disallowance is warranted u/s.14A, the same should be restricted to the exempt income earned of Rs.11,347/-. 4. The Ld.CIT

GOVARDHANDAS B.SHAH (HUF),,JALGAON vs. INCOME-TAX OFFICER, WARD - 2(4),, JALGAON

In the result, the appeal of the assessee is allowed

Bench: Shri Anil Chaturvedi, Am & Shri Vikas Awasthy, Jm

exempt income, no disallowance u/s 14A of the Act is called for. In support of her contention that when no exempt

PRECISION CAMSHAFTS LTD.,SOLAPUR vs. ASSESSMENT UNIT, INCOME TAX DEPARTMENT (NFAC), SOLAPUR

In the result, appeal of the assessee is allowed

Bench: Ms. Astha Chandra & Dr.Dipak P. Ripoteआयकर अपील सं. / Ita No.1962/Pun/2024 िनधा"रण वष" / Assessment Year: 2020-21 Precision Camshafts Ltd., V Assessment Unit, Income Tax E-102/103, Akkalkot Road, S Department (National Midc, Solapur – 413006. Faceless Assessment Center), Maharashtra. Jurisdiction Details : Pne- C(1), Range 63, Circle-1, Solapur. Pan: Aabcp1086B Appellant/ Assessee Respondent / Revenue Assessee By Shri Nikhil Pathak – Ar Revenue By Shri Prakash L Pathade – Cit(Dr) Date Of Hearing 17/06/2025 Date Of Pronouncement 10/07/2025 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Is An Appeal Filed By The Assessee Directed Against The Order Of Assessment Unit, Income Tax Department Under Section 143(3) R.W.S 144C(3) Read With Section 144B Of The Income Tax Act, 1961 For A.Y.2020-21 Dated 25.07.2024, Emanating From Order Of Dispute Resolution Panel U/S.144C(5) Of The Act For A.Y.2020-21

disallowance u/s 14A more than the exempt income earned. Assessee had already made disallowance u/s14A to the extent of exempt

M/S. KOLTE PATIL DEVELOPERS LTD.,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX,,

In the result, the appeal of the assessee is allowed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am

disallowance confirmed by CIT(A) should be deleted. 3. The learned CIT(A) failed to appreciate that the assessee had not incurred any indirect expenditure of Rs.1.40 Crs. for earning exempt

MINILEC INDIA PVT LTD,,PUNE vs. ASSISTANT COMMISSIONER OF INCOME TAX,, PUNE

In the result, the appeal of assessee is partly allowed in the terms aforesaid

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm

disallowance for earning exempt income. Against the said exempt income the Assessing Officer made disallowance of Rs.7,97,298/-. The Hon’ble Supreme

THERMAX LIMITED,PUNE vs. DY. CIT, CIRCLE 10, PUNE

In the result, the appeal of Revenue is partly allowed

Bench: Shri R.S. Syal, Vp & Shri Vikas Awasthy, Jm

disallowance for earning exempt income was made by the assessee in the impugned assessment year. The Assessing Officer made disallowance

DEPUTY COMMISSONER OF INCOME-TAX vs. THERMAX LIMITED, PUNE

In the result, the appeal of Revenue is partly allowed

Bench: Shri R.S. Syal, Vp & Shri Vikas Awasthy, Jm

disallowance for earning exempt income was made by the assessee in the impugned assessment year. The Assessing Officer made disallowance

SHREE GARUDA PLANT PRODUCTS LTD,,NASHIK vs. INCOME-TAX OFFICER, WARD - 1 (2),, NASHIK

Bench: Shri S.S.Godara & Dr. Dipak P. Ripoteआयकर अपील सं. / Ita No.492/Pun/2019 िनधा"रण वष" / Assessment Year : 2015-16 Shree Garuda Plant Products The Income Tax Officer, Ltd., Vs Ward-1(2), Nashik. B-26, Additional Midc Area, Ambad, Nashik. Pan: Aaacg 0563 H Appellant/ Assessee Respondent / Revenue Assessee By Shri Nishint Gandhi – Ar Revenue By Shri M.G.Jasnani – Dr Date Of Hearing 20/07/2022 Date Of Pronouncement 14/10/2022 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Appeal Filed By The Assessee Is Directed Against The Order Of Ld.Commissioner Of Income Tax(Appeals)-1, Nashik For The Assessment Year 2015-16, Dated 19.02.2019, Emanating Out Of Order Under Section 143(3) Of The Income Tax Act, 1961 Dated 26.12.2017. The Assessee Has Raised The Following Grounds Of Appeal: “1.In The Facts & Circumstances Of The Case & In Law, The Learned Commissioner Of Income Tax (Appeals) - 1, Nashik ["The Cit (A)" For Short] Erred In Confirming The Order Of The Learned Income Tax Officer - 1 (2), Nashik, ["The Ao" For Short] Which Was Passed In Violation Of Principles Of Natural Justice Without Affording A Proper Opportunity Of Being Heard To The Appellant. 2. In The Facts & Circumstances Of The Case & In Law, The Ld. Cit(A) Erred In Confirming The Action Of The Ao In Invoking Section 14A R.W.R. 8D Of The Act, Whereby A Disallowance Of Rs.12,81,831/- Was Made In The Hands Of The Appellant.

disallowance cannot exceed the exempt income so earned by the assessee during the year under consideration.' If the disallowance is to be restricted

DCIT, CENTRAL CIRCLE-2(2), PUNE vs. KAKADE INFRASTRUCTURE PRIVATE LIMITED, MUMBAI

In the result, appeal of the Revenue is dismissed

Bench: Dr.Dipak P. Ripote & Shri Vinay Bhamoreआयकर अपऩल सं. / Ita Nos.2275 & 2277/Pun/2025 निर्धारण वषा / Assessment Years: 2013-14 & 2014-15 Dcit, V Kakade Infrastructure Private Limited,20Th Floor, A Wing, Central Circle-2(2), S Pune. Marathon Futurx, N.M.Joshi Marg Lower Parel, Mumbai – 400013. Pan: Aadck5852G Appellant / Revenue Respondent / Assessee Assessee By Shri Jay Bhansali (Virtual) Revenue By Shri Amol Khairnar – Cit(Dr) Date Of Hearing 19/01/2026 Date Of Pronouncement 29/01/2026 आदेश/ Order Per Dr. Dipak P. Ripote, Am: These Two Appeals Filed By The Revenue Against The Separate Orders Of Ld.Commissioner Of Income Tax(Appeal)[Nfac], Passed Under Section 250 Of The Income Tax Act, 1961 For The A.Y.2013-14 A.Y.2014-15 Both Dated 30.07.2025 Emanating From The Assessment Order Passed Under Section 143(3) Of The Act, Dated 28.03.2016 & 30.12.2016 Respectively. For The Sake Of Convenience, These Two

disallowance cannot exceed the exempt income so earned by the assessee during the year under consideration.' If the disallowance is to be restricted

DCIT, CENTRAL CIRCLE-2(2), PUNE, PUNE vs. KAKADE INFRASTRUCTURE PRIVATE LIMITED, MUMBAI

In the result, appeal of the Revenue is dismissed

Bench: Dr.Dipak P. Ripote & Shri Vinay Bhamoreआयकर अपऩल सं. / Ita Nos.2275 & 2277/Pun/2025 निर्धारण वषा / Assessment Years: 2013-14 & 2014-15 Dcit, V Kakade Infrastructure Private Limited,20Th Floor, A Wing, Central Circle-2(2), S Pune. Marathon Futurx, N.M.Joshi Marg Lower Parel, Mumbai – 400013. Pan: Aadck5852G Appellant / Revenue Respondent / Assessee Assessee By Shri Jay Bhansali (Virtual) Revenue By Shri Amol Khairnar – Cit(Dr) Date Of Hearing 19/01/2026 Date Of Pronouncement 29/01/2026 आदेश/ Order Per Dr. Dipak P. Ripote, Am: These Two Appeals Filed By The Revenue Against The Separate Orders Of Ld.Commissioner Of Income Tax(Appeal)[Nfac], Passed Under Section 250 Of The Income Tax Act, 1961 For The A.Y.2013-14 A.Y.2014-15 Both Dated 30.07.2025 Emanating From The Assessment Order Passed Under Section 143(3) Of The Act, Dated 28.03.2016 & 30.12.2016 Respectively. For The Sake Of Convenience, These Two

disallowance cannot exceed the exempt income so earned by the assessee during the year under consideration.' If the disallowance is to be restricted

JCIT (OSD), CIRCLE 14, PUNE vs. KUMAR URBAN DEVELOPMENT PRIVATE LIMITED, PUNE

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

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

disallowance u/s 14A is warranted in the absence of any exempt income, directed the Assessing Officer to delete suo moto

JCIT (OSD), CIRCLE 14, PUNE vs. KUMAR BUILDER MUMBAI REALTY PRIVATE LIMITED, PUNE

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

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

disallowance u/s 14A is warranted in the absence of any exempt income, directed the Assessing Officer to delete suo moto

JCIT (OSD), CIRCLE 14, PUNE vs. KUMAR URBAN DEVELOPMENT PRIVATE LIMITED, PUNE

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

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

disallowance u/s 14A is warranted in the absence of any exempt income, directed the Assessing Officer to delete suo moto

M/S. FERROCARE INTERNATIONAL,,PUNE vs. INCOME-TAX OFFICER, WARD - 14(3),, PUNE

Appeal is partly allowed in above terms

Bench: Shri S.S. Godara & Dr. Dipak P. Ripoteनिर्धारण वषा / Assessment Year : 2015-16 M/S. Ferrocare International Vs. Ito, Ward S.No.32/3/8, Yewalewadi Road, 14(3), Pune Kondhwa Budruk, Pune – 411048 Pan: Aaaff5100C Appellant Respondent

disallowance of Rs. 36,000/- u/s. 14A and has earned exempt dividend of Rs.36,34,978/-. The basis of disallowance

INCOME-TAX OFFICER,, JALGAON vs. PRAMOD BHAICHAND RAISONI,, JALGAON

In the result, both the appeals are dismissed

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Ravi

disallowance to the amount of the income claimed as exempt or the disallowance offered by the assessee at Rs.51,363/-, whichever

INCOME-TAX OFFICER,, JALGAON vs. PRAMOD BHAICHAND RAISONI,, JALGAON

In the result, both the appeals are dismissed

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Ravi

disallowance to the amount of the income claimed as exempt or the disallowance offered by the assessee at Rs.51,363/-, whichever

SAARLOHA ADVANCED MATERIALS P LTD., ,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE - 14,, PUNE

In the result, the appeal of assessee is allowed

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

disallowance of expenditure made by the assessee, the AO show caused the assessee why expenditure incurred for earning such exempt

AJINKYATARA SAHAKARI SAKHAR KARKHANA LTD,,SATARA vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE -1, , SATARA

The appeal of the assessee is partly allowed for statistical purpose

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

disallowance to the extent of expenditure incurred in earning the exempt income earned. The AO shall examine the same and disallow