R R KAPOOR COMPANY,AHMEDNAGAR. vs. THE ASSISTANT DIRECTOR OF INCOME TAX, CPC, BENGALURU

In the result, the appeals in ITA No

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Ravi"नधा"रण वष" / Assessment Year : 2018-19 Cemetile Industries Vs. Ito, Ward-14(1), 61, Hadapsar Industrial Estate, Pune Hadapsar, Pune – 411013 Pan : Aaafc8438L Appellant Respondent "नधा"रण वष" / Assessment Year : 2017-18 Itcube Solutions Pvt. Ltd. Vs. Dcit, Circle 7Th Floor, 701/702/703, Godrej 1(1), Pune Castlemaine, Near Ruby Hall, Bund Garden Road, Pune – 411001 Pan : Aabci1951J Appellant Respondent "नधा"रण वष" / Assessment Year : 2018-19 Exfo Electro-Optical Vs. Dcit, Circle Engineering (I) Pvt. Ltd. 1(1), Pune 6Th 604, Floor, Tower S4, Cybercity, Magarpatta, Pune – 411013 Pan : Aabce6929J Appellant Respondent "नधा"रण वष" / Assessment Year : 2019-20 R R Kapoor Company Vs. Adit, Cpc, 11, Prerana Arcade, Opp. Tarakpur Bengaluru Bus Stand, Ahmednagar – 414001 Pan : Aaefr9509B Appellant Respondent

41, MIDC, Ambad, Bangalore Nashik 422 010 Maharashtra PAN : AAKCS1177K Appellant Respondent ITA Nos.535 and 536/PUN/2022 "नधा"रण वष" / Assessment Years : 2018-19 & 2019-20 Vitthal Ashok Ugale, Vs. ADIT, CPC, Ugale Mala, Gangavesh, Bangalore Naygaon Road, Sinnar Nashik – 422 103 Maharashtra PAN AAKPU2285M Appellant Respondent 4 EPF Group "नधा"रण वष" / Assessment Year : 2019-20 Nitin Rambhau Pawar

AMOL MANIK PACHPUTE, PUNE,PUNE vs. CPC, BANGALURU, JURISDICTIONAL A.O. WARD-8(3), PUNE, PUNE

In the result, the appeals in ITA No

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Ravi"नधा"रण वष" / Assessment Year : 2018-19 Cemetile Industries Vs. Ito, Ward-14(1), 61, Hadapsar Industrial Estate, Pune Hadapsar, Pune – 411013 Pan : Aaafc8438L Appellant Respondent "नधा"रण वष" / Assessment Year : 2017-18 Itcube Solutions Pvt. Ltd. Vs. Dcit, Circle 7Th Floor, 701/702/703, Godrej 1(1), Pune Castlemaine, Near Ruby Hall, Bund Garden Road, Pune – 411001 Pan : Aabci1951J Appellant Respondent "नधा"रण वष" / Assessment Year : 2018-19 Exfo Electro-Optical Vs. Dcit, Circle Engineering (I) Pvt. Ltd. 1(1), Pune 6Th 604, Floor, Tower S4, Cybercity, Magarpatta, Pune – 411013 Pan : Aabce6929J Appellant Respondent "नधा"रण वष" / Assessment Year : 2019-20 R R Kapoor Company Vs. Adit, Cpc, 11, Prerana Arcade, Opp. Tarakpur Bengaluru Bus Stand, Ahmednagar – 414001 Pan : Aaefr9509B Appellant Respondent

41, MIDC, Ambad, Bangalore Nashik 422 010 Maharashtra PAN : AAKCS1177K Appellant Respondent ITA Nos.535 and 536/PUN/2022 "नधा"रण वष" / Assessment Years : 2018-19 & 2019-20 Vitthal Ashok Ugale, Vs. ADIT, CPC, Ugale Mala, Gangavesh, Bangalore Naygaon Road, Sinnar Nashik – 422 103 Maharashtra PAN AAKPU2285M Appellant Respondent 4 EPF Group "नधा"रण वष" / Assessment Year : 2019-20 Nitin Rambhau Pawar

MDB CHEMICALS (I) PRIVET LIMITED ,NASHIK vs. ADIT, CPC, BANGALORE/ACIT, CIRCLE 1, NASHIK, NASHIK

In the result, the appeals in ITA No

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Ravi"नधा"रण वष" / Assessment Year : 2018-19 Cemetile Industries Vs. Ito, Ward-14(1), 61, Hadapsar Industrial Estate, Pune Hadapsar, Pune – 411013 Pan : Aaafc8438L Appellant Respondent "नधा"रण वष" / Assessment Year : 2017-18 Itcube Solutions Pvt. Ltd. Vs. Dcit, Circle 7Th Floor, 701/702/703, Godrej 1(1), Pune Castlemaine, Near Ruby Hall, Bund Garden Road, Pune – 411001 Pan : Aabci1951J Appellant Respondent "नधा"रण वष" / Assessment Year : 2018-19 Exfo Electro-Optical Vs. Dcit, Circle Engineering (I) Pvt. Ltd. 1(1), Pune 6Th 604, Floor, Tower S4, Cybercity, Magarpatta, Pune – 411013 Pan : Aabce6929J Appellant Respondent "नधा"रण वष" / Assessment Year : 2019-20 R R Kapoor Company Vs. Adit, Cpc, 11, Prerana Arcade, Opp. Tarakpur Bengaluru Bus Stand, Ahmednagar – 414001 Pan : Aaefr9509B Appellant Respondent

41, MIDC, Ambad, Bangalore Nashik 422 010 Maharashtra PAN : AAKCS1177K Appellant Respondent ITA Nos.535 and 536/PUN/2022 "नधा"रण वष" / Assessment Years : 2018-19 & 2019-20 Vitthal Ashok Ugale, Vs. ADIT, CPC, Ugale Mala, Gangavesh, Bangalore Naygaon Road, Sinnar Nashik – 422 103 Maharashtra PAN AAKPU2285M Appellant Respondent 4 EPF Group "नधा"रण वष" / Assessment Year : 2019-20 Nitin Rambhau Pawar

RICHFIELD FERTILISERS P LTD,NASHIK vs. CIT(A), NFAC, , DELHI

In the result, the appeals in ITA No

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Ravi"नधा"रण वष" / Assessment Year : 2018-19 Cemetile Industries Vs. Ito, Ward-14(1), 61, Hadapsar Industrial Estate, Pune Hadapsar, Pune – 411013 Pan : Aaafc8438L Appellant Respondent "नधा"रण वष" / Assessment Year : 2017-18 Itcube Solutions Pvt. Ltd. Vs. Dcit, Circle 7Th Floor, 701/702/703, Godrej 1(1), Pune Castlemaine, Near Ruby Hall, Bund Garden Road, Pune – 411001 Pan : Aabci1951J Appellant Respondent "नधा"रण वष" / Assessment Year : 2018-19 Exfo Electro-Optical Vs. Dcit, Circle Engineering (I) Pvt. Ltd. 1(1), Pune 6Th 604, Floor, Tower S4, Cybercity, Magarpatta, Pune – 411013 Pan : Aabce6929J Appellant Respondent "नधा"रण वष" / Assessment Year : 2019-20 R R Kapoor Company Vs. Adit, Cpc, 11, Prerana Arcade, Opp. Tarakpur Bengaluru Bus Stand, Ahmednagar – 414001 Pan : Aaefr9509B Appellant Respondent

41, MIDC, Ambad, Bangalore Nashik 422 010 Maharashtra PAN : AAKCS1177K Appellant Respondent ITA Nos.535 and 536/PUN/2022 "नधा"रण वष" / Assessment Years : 2018-19 & 2019-20 Vitthal Ashok Ugale, Vs. ADIT, CPC, Ugale Mala, Gangavesh, Bangalore Naygaon Road, Sinnar Nashik – 422 103 Maharashtra PAN AAKPU2285M Appellant Respondent 4 EPF Group "नधा"रण वष" / Assessment Year : 2019-20 Nitin Rambhau Pawar

RICHFIELD FERTILISERS P LTD,NASHIK vs. CIT(A), NFAC, , DELHI

In the result, the appeals in ITA No

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Ravi"नधा"रण वष" / Assessment Year : 2018-19 Cemetile Industries Vs. Ito, Ward-14(1), 61, Hadapsar Industrial Estate, Pune Hadapsar, Pune – 411013 Pan : Aaafc8438L Appellant Respondent "नधा"रण वष" / Assessment Year : 2017-18 Itcube Solutions Pvt. Ltd. Vs. Dcit, Circle 7Th Floor, 701/702/703, Godrej 1(1), Pune Castlemaine, Near Ruby Hall, Bund Garden Road, Pune – 411001 Pan : Aabci1951J Appellant Respondent "नधा"रण वष" / Assessment Year : 2018-19 Exfo Electro-Optical Vs. Dcit, Circle Engineering (I) Pvt. Ltd. 1(1), Pune 6Th 604, Floor, Tower S4, Cybercity, Magarpatta, Pune – 411013 Pan : Aabce6929J Appellant Respondent "नधा"रण वष" / Assessment Year : 2019-20 R R Kapoor Company Vs. Adit, Cpc, 11, Prerana Arcade, Opp. Tarakpur Bengaluru Bus Stand, Ahmednagar – 414001 Pan : Aaefr9509B Appellant Respondent

41, MIDC, Ambad, Bangalore Nashik 422 010 Maharashtra PAN : AAKCS1177K Appellant Respondent ITA Nos.535 and 536/PUN/2022 "नधा"रण वष" / Assessment Years : 2018-19 & 2019-20 Vitthal Ashok Ugale, Vs. ADIT, CPC, Ugale Mala, Gangavesh, Bangalore Naygaon Road, Sinnar Nashik – 422 103 Maharashtra PAN AAKPU2285M Appellant Respondent 4 EPF Group "नधा"रण वष" / Assessment Year : 2019-20 Nitin Rambhau Pawar

RAJENDRA BAPU SHINDE, PUNE,PUNE vs. INCOME TAX OFFICE, WARD8(1), PUNE, PUNE

In the result, the appeals in ITA No

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Ravi"नधा"रण वष" / Assessment Year : 2018-19 Cemetile Industries Vs. Ito, Ward-14(1), 61, Hadapsar Industrial Estate, Pune Hadapsar, Pune – 411013 Pan : Aaafc8438L Appellant Respondent "नधा"रण वष" / Assessment Year : 2017-18 Itcube Solutions Pvt. Ltd. Vs. Dcit, Circle 7Th Floor, 701/702/703, Godrej 1(1), Pune Castlemaine, Near Ruby Hall, Bund Garden Road, Pune – 411001 Pan : Aabci1951J Appellant Respondent "नधा"रण वष" / Assessment Year : 2018-19 Exfo Electro-Optical Vs. Dcit, Circle Engineering (I) Pvt. Ltd. 1(1), Pune 6Th 604, Floor, Tower S4, Cybercity, Magarpatta, Pune – 411013 Pan : Aabce6929J Appellant Respondent "नधा"रण वष" / Assessment Year : 2019-20 R R Kapoor Company Vs. Adit, Cpc, 11, Prerana Arcade, Opp. Tarakpur Bengaluru Bus Stand, Ahmednagar – 414001 Pan : Aaefr9509B Appellant Respondent

41, MIDC, Ambad, Bangalore Nashik 422 010 Maharashtra PAN : AAKCS1177K Appellant Respondent ITA Nos.535 and 536/PUN/2022 "नधा"रण वष" / Assessment Years : 2018-19 & 2019-20 Vitthal Ashok Ugale, Vs. ADIT, CPC, Ugale Mala, Gangavesh, Bangalore Naygaon Road, Sinnar Nashik – 422 103 Maharashtra PAN AAKPU2285M Appellant Respondent 4 EPF Group "नधा"रण वष" / Assessment Year : 2019-20 Nitin Rambhau Pawar

AMOL MANIK PACHPUTE,PUNE vs. CPC, BANGALURU, JURIDICTIONAL A.O WARD-8(3), PUNE, PUNE

In the result, the appeals in ITA No

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Ravi"नधा"रण वष" / Assessment Year : 2018-19 Cemetile Industries Vs. Ito, Ward-14(1), 61, Hadapsar Industrial Estate, Pune Hadapsar, Pune – 411013 Pan : Aaafc8438L Appellant Respondent "नधा"रण वष" / Assessment Year : 2017-18 Itcube Solutions Pvt. Ltd. Vs. Dcit, Circle 7Th Floor, 701/702/703, Godrej 1(1), Pune Castlemaine, Near Ruby Hall, Bund Garden Road, Pune – 411001 Pan : Aabci1951J Appellant Respondent "नधा"रण वष" / Assessment Year : 2018-19 Exfo Electro-Optical Vs. Dcit, Circle Engineering (I) Pvt. Ltd. 1(1), Pune 6Th 604, Floor, Tower S4, Cybercity, Magarpatta, Pune – 411013 Pan : Aabce6929J Appellant Respondent "नधा"रण वष" / Assessment Year : 2019-20 R R Kapoor Company Vs. Adit, Cpc, 11, Prerana Arcade, Opp. Tarakpur Bengaluru Bus Stand, Ahmednagar – 414001 Pan : Aaefr9509B Appellant Respondent

41, MIDC, Ambad, Bangalore Nashik 422 010 Maharashtra PAN : AAKCS1177K Appellant Respondent ITA Nos.535 and 536/PUN/2022 "नधा"रण वष" / Assessment Years : 2018-19 & 2019-20 Vitthal Ashok Ugale, Vs. ADIT, CPC, Ugale Mala, Gangavesh, Bangalore Naygaon Road, Sinnar Nashik – 422 103 Maharashtra PAN AAKPU2285M Appellant Respondent 4 EPF Group "नधा"रण वष" / Assessment Year : 2019-20 Nitin Rambhau Pawar

SUHAIL MASOOD SHAIKH,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX, CPC, BENGALURU

In the result, the appeals in ITA No

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Ravi"नधा"रण वष" / Assessment Year : 2018-19 Cemetile Industries Vs. Ito, Ward-14(1), 61, Hadapsar Industrial Estate, Pune Hadapsar, Pune – 411013 Pan : Aaafc8438L Appellant Respondent "नधा"रण वष" / Assessment Year : 2017-18 Itcube Solutions Pvt. Ltd. Vs. Dcit, Circle 7Th Floor, 701/702/703, Godrej 1(1), Pune Castlemaine, Near Ruby Hall, Bund Garden Road, Pune – 411001 Pan : Aabci1951J Appellant Respondent "नधा"रण वष" / Assessment Year : 2018-19 Exfo Electro-Optical Vs. Dcit, Circle Engineering (I) Pvt. Ltd. 1(1), Pune 6Th 604, Floor, Tower S4, Cybercity, Magarpatta, Pune – 411013 Pan : Aabce6929J Appellant Respondent "नधा"रण वष" / Assessment Year : 2019-20 R R Kapoor Company Vs. Adit, Cpc, 11, Prerana Arcade, Opp. Tarakpur Bengaluru Bus Stand, Ahmednagar – 414001 Pan : Aaefr9509B Appellant Respondent

41, MIDC, Ambad, Bangalore Nashik 422 010 Maharashtra PAN : AAKCS1177K Appellant Respondent ITA Nos.535 and 536/PUN/2022 "नधा"रण वष" / Assessment Years : 2018-19 & 2019-20 Vitthal Ashok Ugale, Vs. ADIT, CPC, Ugale Mala, Gangavesh, Bangalore Naygaon Road, Sinnar Nashik – 422 103 Maharashtra PAN AAKPU2285M Appellant Respondent 4 EPF Group "नधा"रण वष" / Assessment Year : 2019-20 Nitin Rambhau Pawar

RAVINDRA DNYANESHWAR BHUJBAL,PUNE vs. ITO, WARD 14(5), PUNE, PUNE

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

41,840/-. The return was processed u/s 143(1) of the IT\nAct by CPC on 29.11.2021 on an income of Rs.1,27,49,780/- after\nmaking disallowance of Rs.10,07,934/- u/s 36(1)(va) of the IT Act\nbeing disallowance on account of delayed payment towards\nemployees' contribution towards Provident Fund & ESIC on the\nbasis of details provided

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 7 PUNE, PUNE vs. KOLTE PATIL INTEGRATED TOWNSHIPS LIMITED, PUNE

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

section 271[1][c] of the Income Tax Act 1961\nfor concealment of income is initiated separately.\nDisallowance of interest u/s 36 of the I.T. Act of Rs.15,11,87,548/-" 6.\nBefore the Ld. CIT(A) / NFAC the assessee apart from challenging the\naddition on merit challenged the validity of reopening of the assessment. The Ld.\nCIT(A) / NFAC

CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED ( SUCCESSOR OF ARICENT TECHNOLOGIES HOLDINGS LIMITED),PUNE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 1(1), PUNE, PUNE

In the result, the appeal of the assessee is allowed

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

41,25,06,638 - Rs.1,39,38,45,890) after adjusting the incremental liability that may arise on disallowing health and education Cess. He, therefore, submitted that there is no basis for holding that the assessee has under-reported its income or done any act without good faith and due diligence and hence the provisions of section 270A

VEENA INDUSTRIES PVT LTD,PUNE vs. DCIT CENTRAL CIRCLE2(1), PUNE

In the result, the assessee's appeal is allowed

Bench: Shri R. K. Panda & Shri Vinay Bhamore

section 271(1)(c). 5.6.7 Therefore, the argument of the appellant that the "base has changed" and hence the penalty cannot be sustained is without merit. Penalty can lawfully be levied with reference to the sustained addition of Rs. 1,41,20,257/-, and the reduction of the disallowance

VEENA INDUSTRIES PVT LTD,PUNE vs. DCIT CENTRAL CIRCLE2(1), PUNE

In the result, the assessee's appeal is allowed

Bench: Shri R. K. Panda & Shri Vinay Bhamore

section 271(1)(c). 5.6.7 Therefore, the argument of the appellant that the "base has changed" and hence the penalty cannot be sustained is without merit. Penalty can lawfully be levied with reference to the sustained addition of Rs. 1,41,20,257/-, and the reduction of the disallowance

VEENA INDUSTRIES PVT LTD,PUNE vs. DCIT CENTRAL CIRCLE2(1, PUNE

In the result, the assessee's appeal is allowed

Bench: Shri R. K. Panda & Shri Vinay Bhamore

section 271(1)(c). 5.6.7 Therefore, the argument of the appellant that the "base has changed" and hence the penalty cannot be sustained is without merit. Penalty can lawfully be levied with reference to the sustained addition of Rs. 1,41,20,257/-, and the reduction of the disallowance

VEENA INDUSTRIES PVT LTD,PUNE vs. DCIT CENTRAL CIRCLE2(1), PUNE

In the result, the assessee's appeal is allowed

Bench: Shri R. K. Panda & Shri Vinay Bhamore

section 271(1)(c). 5.6.7 Therefore, the argument of the appellant that the "base has changed" and hence the penalty cannot be sustained is without merit. Penalty can lawfully be levied with reference to the sustained addition of Rs. 1,41,20,257/-, and the reduction of the disallowance

DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE -3, NASHIK vs. WINDSOR MACHINES LTD., MUMBAI

In the result, the appeal of Revenue is partly allowed

Bench: Shri S.S. Viswanethra Ravi & Shri G.D. Padmahshali

disallowed. The CIT(A) considered various decisions and by relying the decision of Hon’ble High Court of Karnataka in the case of Compaq Electric Ltd. reported in (2011) 16 taxmann.com 385 (Kar.) held the principal amount of loan waived would neither be chargeable to tax u/s. section 41 (1

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

disallowed the same u/s 37 of the Act. Thus, the Assessing Officer computed the total income of the assessee at Rs.2,22,86,304/-. 6. Before the Ld. CIT(A) / NFAC the assessee submitted that the reasons for reopening were communited to the assessee after 11 months of issue of notice u/s 148 of the Act although the assessee

EATON TECHNOLOGIES PVT.LTD,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE - 1(2),, PUNE

Bench: Shri S.S.Godara & G.D.Padmahshaliआयकरअपीलसं. / Ita No.590/Pun/2018 िनधा"रण वष" / Assessment Year: 2014-15 Eaton Technologies Private Limited, Dcit, Circle-1(2), Cluster C, Wing 1, Eon Free Zone, Vs Pune Plot No.1, Sr.No.77, Midc Kharadi Knowledge Park, Kharadi, Pune 411 014 Pan : Aabce4323Q Appellant/ Assessee Respondent /Revenue आयकरअपीलसं. / Ita No.902/Pun/2018 िनधा"रण वष" / Assessment Year: 2011-12 Eaton Technologies Private Limited, Pr.Cit-1, Cluster C, Wing 1, Eon Free Zone, Vs Pune Plot No.1, Sr.No.77, Midc Kharadi Knowledge Park, Kharadi, Pune 411 014 Pan : Aabce4323Q Appellant/ Assessee Respondent /Revenue

disallowance is merited under section 10AA of the Act. The basic condition for application of the said provisions of the Act are an arrangement between the parties, which is so arranged as to enable the assessee to earn super normal profits. The TPO/Assessing Officer/DRP has not pointed out any such arrangement whatsoever between the assessee and the comparable companies selected