DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-8, PUNE, PUNE vs. ADVIK HI-TECH PVT. LTD., PUNE

In the result, the cross appeal filed by the Revenue in ITA\nNo

disallowance u/s 35(2AB) of Rs.13,46,18,011/-\nwas made for want of Form 3CL which is now available with the\nassessee. Considering the totality of the facts of the case and in the\ninterest of justice, we deem it appropriate to set-aside the order\npassed by Ld. CIT(A)/NFAC in this regard and remit the matter

DCIT,CIRCLE-8, PUNE vs. POSCO INDIA PUNE PROCESSING CENTER PVT. LTD., PUNE

In the result, both the appeals of the Revenue as well as the Cross Objections of the assessee for A

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.1001 & 1002/Pun/2024 िनधा"रण वष" / Assessment Years : 2010-11 & 2011-12

Section 43A, irrespective of whether any actual repayment was effected during such previous year. 3. On the facts and in circumstances of the case and in law, the Id. CIT(A) has failed to appreciate that res-judicata is not applicable to the income tax proceedings and the AO is not precluded in taking the correct view

DCIT, CIRCLE-8, , PUNE vs. POSCO INDIA PUNE PROCESSING CENTER PVT. LTD., PUNE

In the result, both the appeals of the Revenue as well as the Cross Objections of the assessee for A

Bench: Dr.Manish Borad & Shri Vinay Bhamoreआयकर अपील सं. / Ita Nos.1001 & 1002/Pun/2024 िनधा"रण वष" / Assessment Years : 2010-11 & 2011-12

Section 43A, irrespective of whether any actual repayment was effected during such previous year. 3. On the facts and in circumstances of the case and in law, the Id. CIT(A) has failed to appreciate that res-judicata is not applicable to the income tax proceedings and the AO is not precluded in taking the correct view

M/S. CLASSIC CITI INVESTMENTS PRIVATE LIMITED,PUNE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(1), PUNE

In the result, appeal of the assessee in ITA No

Bench: Shri R.S. Syal, Hon. Vice- & Shri Partha Sarathi Chaudhury, Hon.

section 43A of the Income Tax Act is only relating to the foreign exchange rate fluctuation in respect of assets acquired from a country outside India by using foreign currency loans which is not applicable to the indigenous assets acquired out of foreign currency loans. As stated earlier, the appellant had borrowed Term Loan in foreign currency for construction

M/S. CLASSIC CITI INVESTMENTS PRIVATE LIMITED,PUNE vs. THE INCOME TAX OFFICER, WARD-1(3), PUNE

In the result, appeal of the assessee in ITA No

Bench: Shri R.S. Syal, Hon. Vice- & Shri Partha Sarathi Chaudhury, Hon.

section 43A of the Income Tax Act is only relating to the foreign exchange rate fluctuation in respect of assets acquired from a country outside India by using foreign currency loans which is not applicable to the indigenous assets acquired out of foreign currency loans. As stated earlier, the appellant had borrowed Term Loan in foreign currency for construction