PRAJ INDUSTRIES LIMITED,PUNE vs. DCIT, CENTRAL CIRCLE 1(1), PUNE, PUNE

In the result, the appeal of assessee is allowed

Bench: Shri R.K. Panda & Ms. Astha Chandra

section 115JB of the Act and restricted the disallowance to Rs.30,55,256/- u/s 35(2AB) of the Act but confirmed

DEPUTY COMMISSIONER OF INCOME-TAX CIRCLE -5, PUNE vs. SERUM INSTITUTE OF INDIA PVT LTD.,, PUNE

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

disallowed the same. 34 On appeal before the ld. CIT(A), the ld. CIT(A) following the decision of the Tribunal for the assessment year 2008-09 onwards allowed said expenditure is revenue expenditure u/s 35(1)(iv) of the Act. Being aggrieved by the decision of the ld. CIT(A), the Revenue is in appeal before

BALKRISHNA RATHI FINANCE PRIVATE LIMITED,PUNE vs. ITO, PUNE

In the result, appeal of the assessee is allowed

Bench: SHRI VINAY BHAMORE (Judicial Member)

section 14A r.w Rule 8D(2)(ii) at Rs.16,63,575/-, ignoring the fact that investments yielding exempt income were made out of own funds in earlier years and no borrowed funds were utilized. 4 The learned CIT(A) failed to appreciate that during the year under consideration the appellant company also earned the taxable interest income and therefore

SETH RAMDAS NATHUBHAI DHARMADAYA VISHWASTA NIDHI,,PUNE vs. INCOME-TAX OFFICER,(EXEMPTIONS) -1,, PUNE

Bench: Shri R.S. Syal & Shri Partha Sarathi Chaudhury"नधा"रण वष" / Assessment Year : 2011-12 Seth Ramdas Nathubhai Dharmadaya Vs. Ito Vishwasta Nidhi, (Exemptions)-1, C/O. Shah Khandelwal Jain & Pune Associates, Chartered Accountants, Level 3, Business Bay, Plot No.84, Wellesley Road, Near Rto, Pune 411 001 Pan : Aaatr6805N Appellant Respondent

256 (SC) Proviso to section 13 of the I.T. Act and section 21A of the WT Act lays down that exemption will not be denied if part of the income is applied for benefit of a person referred to section 13(3) of the Act, if such use for application is in compliance to mandatory terms of the Trust which

SHAH CONSTRUCTIO,SATARA vs. ACIT, CIRCLE-SATARA, SATARA

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

Bench: Dr. Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.617/Pun/2024 धििाारण वषा / Assessment Year: 2022-23 Shah Construction, Vs Acit, Satara Parag, 286 2, Circle, Satara Budhwar Peth, Tal Karad, Dist Satara- 415110 Maharashtra Pan-Aaffs0461E Appellant Respondent

disallow the claim of deduction made under section 801A and there remains pending against the appellant if the same is accepted it be held accordingly. Addition of Rs. 67,25,256

WARANA INDUSRIES LTD,,KOLHAPUR vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE - 1, , KOLHAPUR

In the result, the appeal filed by the assessee is allowed for statistical purposes and the Cross Objection filed by the assessee is dismissed

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2014-15

256/- d) Disallowance of foreign tour expenses of the director Smt. Surekha S. Gulave to USA Rs.9,28,290/- 4. So far as the disallowance of interest of Rs.4,15,71,718/- is concerned, the Ld. CIT(A) sustained an amount of Rs.27,01,163/- disallowed by the Assessing Officer u/s 36(1)(iii) of the Act by observing

DEPUTY COMMISSSIONER OF INCOME TAX, CIRCLE -1,, AURANGABAD vs. ENDURANCE TECHNOLOGIES PVT. LTD,, AURANGABAD

Appeals are dismissed in above terms

Bench: Shri S.S.Godara, Jm & Shri Dr. Dipak P. Ripote, Am आयकर अपीऱ सं. / Ita No. 989/Pn/2015 ननधधारण वषा / Assessment Year : 2010-11

section 43 (5)— Held, in impugned judgment of Friends and friends Shipping Pvt. Ltd it was held that for purpose of hedging loss due to fluctuation in foreign exchange while implementing export contracts, assessee had entered into forward contract with banks—In some cases, export could not be executed and assessee had to pay certain charges to Bank and thereby

DEPUTU COMMISSIONER OF INCOME-TAX vs. ENDURANCE TECHNOLOGIES PVT. LTD.,, AURANGABAD

Appeals are dismissed in above terms

Bench: Shri S.S.Godara, Jm & Shri Dr. Dipak P. Ripote, Am आयकर अपीऱ सं. / Ita No. 989/Pn/2015 ननधधारण वषा / Assessment Year : 2010-11

section 43 (5)— Held, in impugned judgment of Friends and friends Shipping Pvt. Ltd it was held that for purpose of hedging loss due to fluctuation in foreign exchange while implementing export contracts, assessee had entered into forward contract with banks—In some cases, export could not be executed and assessee had to pay certain charges to Bank and thereby

ASSISTANT COMMISSIONER OF INCOME-TAX vs. ENDURANCE TECHNOLOGIES PVT. LTD.,, AURANGABAD

Appeals are dismissed in above terms

Bench: Shri S.S.Godara, Jm & Shri Dr. Dipak P. Ripote, Am आयकर अपीऱ सं. / Ita No. 989/Pn/2015 ननधधारण वषा / Assessment Year : 2010-11

section 43 (5)— Held, in impugned judgment of Friends and friends Shipping Pvt. Ltd it was held that for purpose of hedging loss due to fluctuation in foreign exchange while implementing export contracts, assessee had entered into forward contract with banks—In some cases, export could not be executed and assessee had to pay certain charges to Bank and thereby

ADHERE FOUNDATION,PUNE vs. AO, EXEMPTION WARD , PUNE

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

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita No.954/Pun/2024 Assessment Year : 2021-22

disallowance and more so without considering the facts of the case and contents of return filed by the appellant. 3. The registration of the assessee appellant is a registered 'Section 8 Company under the Companies Act, 2013' under Section 12AA of said Act has been cancelled vide the impugned order without giving an opportunity to the writ petitioner-assessee

BANSILAL RAMNATH AGARWAL CHARITABLE TRUST,PUNE vs. CIT (EXEMPTION), PUNE

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

Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2020-21 Bansilal Ramnath Agarwal Charitable Trust Cit (Exemption), 251, Budhwar Peth, City Post Chowk, Vs. Pune Pune – 411002 Pan: Aaatb4383K (Appellant) (Respondent) Assessee By : Shri Kishor B Phadke Department By : Shri Amol Khairnar, Cit-Dr Date Of Hearing : 11-12-2025 Date Of Pronouncement : 28-01-2026 O R D E R Per R.K. Panda, V.P:

section 263 of the Act. He, therefore, issued a show cause notice dated 18.02.2025 asking the assessee to explain as to why the assessment order should not be reviewed. The contents of the notice issued u/s 263 of the Act read as under: 3 4 5 6 5. The assessee in response to the same submitted that the Assessing Officer

DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE - 3,, AURANGABAD vs. M/S. KASLIWAL NEST,, AURANGABAD

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

Bench: Shri Inturi Rama Rao & Shri S. S. Viswanethra Raviआयकर अपील सं. / Ita No.27/Pun/2019 िनधा"रण वष" / Assessment Year: 2012-13 Dcit, Circle-3, Vs. M/S. Kasliwal Nest, Aurangabad. 215/216, 1St Floor, Building No.3, Apna Bazar, Jalna Road, Aurangabad- 431005. Pan : Aajfk5915H Appellant Respondent C.O. No.09/Pun/2022 (Arising Out Of Ita No.27/Pun/2019) िनधा"रण वष" / Assessment Year: 2012-13 M/S. Kasliwal Nest, Vs. Dcit, Circle-3, 215/216, 1St Floor, Building Aurangabad. No.3, Apna Bazar, Jalna Road, Aurangabad- 431005. Pan : Aajfk5915H Appellant Respondent Revenue By : Shri Keyur Patel Assessee By : Shri S. N. Puranik Date Of Hearing : 17.11.2022 Date Of Pronouncement : 16.12.2022 आदेश / Order Per Inturi Rama Rao, Am: This Is An Appeal Filed By The Revenue Directed Against The Order Of Ld. Commissioner Of Income Tax (Appeals)- 2, Aurangabad [‘The Cit(A)’] Dated 17.10.2018 For The Assessment Year 2012-13. 2 C.O. No.09/Pun/2022 The Cross Objection Filed By The Assessee Against The Appeal Of The Revenue. 2. First, We Shall Take Up The Appeal Of The Revenue In Ita No.27/Pun/2019 For Adjudication.

disallowing the claim for deduction of profits u/s 80IB(10) of the Act. 5 C.O. No.09/PUN/2022 5. Being aggrieved by the assessment order, an appeal was filed before the ld. CIT(A) contending that the construction work of the housing project was completed before 31.03.2012 and the Architect of the said project had certified the completion of the housing project

NASHIK DISTRICT POLICE CO OPERATIVE CREDIT SOCIETY LTD NASHIK,NASHIK vs. INCOME TAX OFFICER, NATIONAL E ASSESSMENT CANTER, DELHI

In the result, appeal of the assessee is allowed

Bench: Dr.Dipak P. Ripote & Shri Vinay Bhamoreआयकर अपऩल सं. / Ita No.727/Pun/2025 निर्धारण वषा / Assessment Years: 2018-19 Nashik District Police Co- V The Income Tax Officer, Operative Credit Society Ltd., S National E Assessment Sagar Plaza, Third Floor, Above Centre, Delhi. Axis Bank, Audumbar Nagar, Mumbai Agra Road, Nashik – 422003. Pan: Aacan6075F Appellant/ Assessee Respondent / Revenue Assessee By Shri Pramod Shingte Revenue By Smt Neha Thakur – (Virtual) Date Of Hearing 20/01/2026 Date Of Pronouncement 21/01/2026 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Appeal Filed By The Assessee Is Against The Order Of Ld.Commissioner Of Income Tax(Appeal)[Nfac] Passed Under Section 250 Of The Income Tax Act, 1961 For A.Y.2018-19 Dated 23.02.2024 Emanating From Assessment Order U/S.143(3) Read With Section 143(3A) & 143(3B) Of The I.T.Act, Dated 31.03.2021. The Assessee Has Raised The Following Grounds Of Appeal :

section 143(3A) & 143(3B) of the I.T.Act, dated 31.03.2021. The Assessee has raised the following grounds of appeal : ITA No.727/PUN/2025 [A] “1. On the facts and in the prevailing circumstances of the case and in law, the learned CIT Appeal, erred in disallowing the deduction of Rs.1,14,84,355/- on account of interest income earned out of fixed

THE JOINT COMMISSIONER OF INCOME TAX (OSD), CIRCLE-12, PUNE vs. RAJ SURENDRA MOHAN HAJELA, PUNE

In the result, the appeal filed by the Revenue is allowed for statistical purposes

Bench: Shri R. K. Panda & Ms Astha Chandraassessment Year : 2021-22

256/- on the ground that the assessee has not filed form No.67 on or before the due date specified for furnishing the return of income under sub-section (1) of section 139 of the Act. According to the Assessing Officer, as per CBDT’s Notification No.9, dated 19.09.2017, form No.67 shall precede the filing of return of income. Accordingly

DY. COMMISSIONER OF INCOME TAX, CIRCLE-1(1), PUNE, PUNE vs. HONEYWELL AUTOMATION INDIA LIMITED, PUNE

In the result, the appeal of the Revenue is dismissed

Bench: Shri R.K. Panda & Ms. Astha Chandra

disallowance of deduction claimed u/s 80G of the Act. 3. Aggrieved by such order of the Ld. AO, the assessee preferred an appeal before the Ld. CIT(A)/NFAC. The Ld. CIT(A)/NFAC after considering the submissions of the assessee and relying on various decisions involving the impugned issue in favour of the assessee, deleted the addition of Rs.4

JAYA HIND INDUSTRIES PVT. LTD., (EARLIER KNOWN AS JAYA HIND INVESTMENTS PVT.LTD,.),PUNE vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE - 9,, PUNE

Section 80G(5) as applicable w.e.f. 1-10-2009, any Trust which had been granted approval earlier was not required to apply for renewal and such approval would be deemed to continue, until it was specifically withdrawn. Thereupon, no further efforts were made for pursuing the renewal application by the said Trust. 11. In the paper book filed before

ITO, WARD-1(1), SOLAPUR, SOLAPUR vs. MS. KSHIRSAGAR FABRICS, SOLAPUR

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

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

Section 40A(3). (Separate annexure attached of various related parties whom payment given by the asseessee) However, no disallowance was made despite clear legal position. Omission resulted in underassessment of income Rs 66,20,000 involving short levy of tax of Rs.20,45,580. 8 This is brought to the notice of the department for confirmation and necessary action

SHREE SANT SAVTA GRAMIN BIGAR SETI SAHAKARI PATHSANSTA MARAYADIT,NASHIK vs. ASSESSMENT UNIT, INCOME TAX DEPARTMENT, DELHI

In the result, appeal of the Assessee is partly allowed

Bench: Dr.Dipak P. Ripote & Shri Vinay Bhamoreआयकर अपऩल सं. / Ita No.1625/Pun/2025 निर्धारण वषा / Assessment Year: 2017-18 Shree Sant Savta Gramin Bigar V Assessment Unit, Seti Sahakari Pathsanstha S. Income Tax Department, Maryadit, Delhi. Pimpalgaon, Niphad, Nashik – 422209. Pan: Aacas4098M Appellant/ Assessee Respondent / Revenue Assessee By None Revenue By Shri Dayanand Jawalikar – Addl.Cit Date Of Hearing 14/10/2025 Date Of Pronouncement 31/10/2025 आदेश/ Order Per Dr. Dipak P. Ripote, Am: This Appeal Filed By The Assessee Is Against The Order Of Ld.Commissioner Of Income Tax(Appeal)[Nfac], Passed Under Section 250 Of The Income Tax Act, 1961 For A.Y.2017-18, Dated 27.11.2024 Emanating From Assessment Order U/S.143(3) Of The I.T.Act, Dated 15.12.2019. The Assessee Has Raised Following Grounds Of Appeal :

section 250 of the Income Tax Act, 1961 for A.Y.2017-18, dated 27.11.2024 emanating from Assessment Order u/s.143(3) of the I.T.Act, dated 15.12.2019. The assessee has raised following grounds of appeal : ITA No.1625/PUN/2025 [A] “1. On the facts and in the prevailing circumstances of the case and in law, the learned CIT Appeal, erred in disallowing the deduction of Rs.60