SHANKAR KASHINATH KADAM,,SANGLI vs. INCOME TAX OFFICER,, SANGLI

In the result, appeal of assessee is partly allowed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita No.448/Pun/2017 यििाारण वषा / Assessment Year : 2010-11 Shri Shankar Kashinath Kadam, Hingagaon Road, Kavthemahankal, अऩीऱाथी/Appellant Dist. Sangli - 416405 …. Pan: Aumpk8234G Vs. The Income Tax Officer, …. प्रत्यथी / Respondent Ward 2(3), Sangli

section 40(a)(ia) of the Act on account of transport charges. The said grounds of appeal read as under:- “4) On one facts and circumstances of the case and in law the Ld. CTT(A) was not justified in upholding the order of the A.O. and confirming the disallowance made by the A.O. of Rs.2,29,56

CHANDRAKANT GULABRAO BORDE,,PUNE vs. INCOME-TAX OFFICER, WARD - 13(1),, PUNE

In the result, appeal of the assessee is allowed

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

56 of the Income Tax Act, 1961. 3. The leaned CIT(A) erred in law and on facts in confirming addition of Rs.5,00,000/-received Baroda Cricket Association under the head income from Profession under section 28 of the Income Tax Act,1961. 2 Chandrakant Gulabrao Borde 4. The learned CIT(A) failed to appreciate that Circular No.447 dated

ACIT, CENTRAL CIRCLE-1, NASHIK, NASHIK vs. RAJENDRA RASIKLAL SHAH, NASHIK

Bench: Dr. Manish Borad & Ms. Astha Chandraआयकर अपील सं. / Ita No.1016/Pun/2024

section 56(2)(vii)(b) of the Act an amount of Rs.4,96,49,250/- deserves to be added in the hands of assessee. In the course of assessment proceedings which was carried out after validly serving notices u/s.143(2) and 142(1) of the Act, the assessee claimed that on 12.08.1997 unregistered agreement was entered into with the seller

M/S. CLASSIC CITI INVESTMENTS PRIVATE LIMITED,PUNE vs. THE INCOME TAX OFFICER, WARD-1(2), PUNE

In the result, the appeal for the A

Bench: Shri R.S. Syal & Shri Partha Sarathi Chaudhury

section 56(2)(viia) of the Act. 12. Ground No.4 of the assessee’s appeal is against the confirmation of disallowance

M/S. CLASSIC CITI INVESTMENTS PRIVATE LIMITED,PUNE vs. THE INCOME TAX OFFICER, WARD-1(2), PUNE

In the result, the appeal for the A

Bench: Shri R.S. Syal & Shri Partha Sarathi Chaudhury

section 56(2)(viia) of the Act. 12. Ground No.4 of the assessee’s appeal is against the confirmation of disallowance

WOCKHARDT LIMITED,,AURANGABAD vs. ASSISTAMT COMMISSIONER OF INCOME TAX, CIRCLE -3,, AURANGABAD

In the result, the appeal filed by Revenue is partly allowed, the appeal filed by assessee is partly allowed and the CO filed by assessee is dismissed as withdrawn

Bench: Shri Inturi Rama Rao & Shri S.S. Viswanethra Raviआयकर अपीऱ सं. / Ita No.775/Pun/2019 निर्धारण वषा / Assessment Year : 2013-14 Acit, Circle-3, Aurangabad .......अऩीऱाथी / Appellant बिधम / V/S. Wockhardt Ltd., R&D Centre, D-4, Midc, Chikalthana, Aurangabad. Pan: Aaacw2472M ……प्रत्यथी / Respondent आयकर अपीऱ सं. / Ita No.758/Pun/2019 निर्धारण वषा / Assessment Year : 2013-14 Wockhardt Ltd., R&D Centre, D-4, Midc, Chikalthana, Aurangabad. Pan: Aaacw2472M .......अऩीऱाथी / Appellant बिधम / V/S. Acit, Circle-3, Aurangabad ……प्रत्यथी / Respondent Co No.43/Pun/2019 निर्धारण वषा / Assessment Year : 2013-14 Wockhardt Ltd., R&D Centre, D-4, Midc, Chikalthana, Aurangabad. Pan: Aaacw2472M .......Cross Objector बिधम / V/S. Acit, Circle-3, Aurangabad ……प्रत्यथी / Respondent Co No.43/Pun/2019

section 35(2AB) of Rs.65,55,77,068/-, disallowance of Freebies to Doctors of Rs.1,19,82,100/-, disallowance u/s CO No.43/PUN/2019 14A of Rs.78,87,413/- and disallowance of Provision for BDDR of Rs.1,56

BAJAJ ALLIANZ GENERAL INSURANCE COMPNY LIMITED,,PUNE vs. DEPUTY COMMISSIONER OF INCOME TAX,,

Appeal of the assessee is allowed

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं आयकर अपील सं. / Ita No.2896/Pun/2016 आयकर अपील सं आयकर अपील सं िनधा"रण वष" िनधा"रण वष" / Assessment Year : 2011-12 िनधा"रण वष" िनधा"रण वष"

section 10(34) / (35) of the Act amounting to Rs.3,56,74,725/-. The assessee had not disallowed any expenditure

ASSISTANT COMMISSIONER OF INCOME TAX vs. SOMNATH VAIJANATH SAKRE,, AURANGABAD

Appeal of the assessee is allowed

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं आयकर अपील सं. / Ita No.2896/Pun/2016 आयकर अपील सं आयकर अपील सं िनधा"रण वष" िनधा"रण वष" / Assessment Year : 2011-12 िनधा"रण वष" िनधा"रण वष"

section 10(34) / (35) of the Act amounting to Rs.3,56,74,725/-. The assessee had not disallowed any expenditure

AJINKYA ELECTROMELT PVT.LTD,,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE - 8,, PUNE

In the result, appeal of assessee is partly allowed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita No.1828/Pun/2017 यििाारण वषा / Assessment Year : 2013-14 Ajinkya Electromelt Pvt. Ltd., Khandelwal Jain & Associates, 1St Floor, Alankar Cinema Building, Above United Bank, अऩीऱाथी/Appellant Pune – 411001 …. Pan: Aabca5142M Vs.

56,86,109/-. Further, the assessee had debited interest expenditure of ₹ 2,88,97,978/-. The assessee was thus asked as to why disallowance should not be made as per provisions of section

AMANORA FUTURE PVT. LTD,PUNE vs. DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE 1(1), PUNE

In the result, both the appeals are partly allowed

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita No.619/Pun/2020 िनधा"रण वष" / Assessment Year : 2015-16 Vs. M/S. City Corporation Limited, Dcit, Circle-1(1), (Earlier Known As M/S. Amanora Pune Future Towers Pvt. Ltd.,), 917/9A, City Chambers, F.C. Road, Shivajinagar, Pune-411004 Pan : Aakca3074H Appellant Respondent आयकर अपील सं. / Ita No.45/Pun/2021 िनधा"रण वष" / Assessment Year : 2015-16

disallowance of Rs.9,18,700/- u/s.43CA of the Income-tax Act, 1961 (hereinafter also called `the Act’). 11. The facts concerning this issue are that the AO required the assessee to furnish a list of flat sales booked during the year under consideration along with the details of parties where the sale consideration was less than the stamp value

DEPUTY COMMISSIONER OF INCOME-TAX, CIR 1(1),, PUNE vs. M/S. CITY CORPORATION LTD.,(EARLIER KNOWN AS M/S AMANORA FUTURE TOWERS P LTD), PUNE

In the result, both the appeals are partly allowed

Bench: Shri R.S. Syal & Shri S.S. Viswanethra Raviआयकर अपील सं. / Ita No.619/Pun/2020 िनधा"रण वष" / Assessment Year : 2015-16 Vs. M/S. City Corporation Limited, Dcit, Circle-1(1), (Earlier Known As M/S. Amanora Pune Future Towers Pvt. Ltd.,), 917/9A, City Chambers, F.C. Road, Shivajinagar, Pune-411004 Pan : Aakca3074H Appellant Respondent आयकर अपील सं. / Ita No.45/Pun/2021 िनधा"रण वष" / Assessment Year : 2015-16

disallowance of Rs.9,18,700/- u/s.43CA of the Income-tax Act, 1961 (hereinafter also called `the Act’). 11. The facts concerning this issue are that the AO required the assessee to furnish a list of flat sales booked during the year under consideration along with the details of parties where the sale consideration was less than the stamp value

R&DE (ENGRS) EMPLOYEES CO-OP. CREDIT SOCIETY,PUNE vs. ITO, WARD 7(3), PUNE, PUNE

In the result, the appeal of the assessee is allowed

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

56 of the Act and was not 100% deductible from the Gross Total Income under section 80P(2)(a)(i) of the Act, is not applicable to the present Assessment Years 2007-2008 to 2011-2012 involved in the present appeals and therefore, whether the Income-tax Appellate Tribunal as well as CIT (Appeals) were justified in holding that such

INCOME-TAX OFFICER, WARD – 3, SATARA vs. M/S. SHRI BHAIRAVNATH MULTISTATE COOPERATIVE CREDIT SOCIETY LIMITED, SATARA

In the result, the appeal of the Revenue stands dismissed

Bench: Shri D. Karunakara Rao, Am & Shri Partha Sarathi Chaudhury, Jm

disallowance of the expenses is to be worked out. Their Lordships of Hon'ble Rajasthan High Court in Rajasthan Rajya Sahkari Upbhokia Sangh Ltd. 'scase (supra) had upheld the proportionate reduction of expenses before allowing the deduction under s.80P(2) of the IT Act. The co- operative societies governed by the provisions

DY.CIT, CIRCLE-1,, JALGAON vs. M/S. MAHARASHTRA SOLVENT EXTRACTION PVT. LTD.,, JALGAON

In the result, the appeal of the Revenue is dismissed

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं. / Ita No.1434/Pun/2013 िनधा$रण वष$ / Assessment Year : 2010-11

disallowance of interest on interest free advances u/s.36(1)(iii) and holding them as genuine. 5. The appellant craves leave to add, alter, modify, delete amend any of the grounds with prior permission of the Hon'ble CIT, as per the circumstances of the case. 6. The appellant prays to file any of the additional evidence appropriate to the grounds

DCIT,JALGAON vs. MAHARASHTRA SOLVENT EXTRACTION P.LTD, JALGAON

In the result, the appeal of the Revenue is dismissed

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm आयकर अपील सं. / Ita No.1434/Pun/2013 िनधा$रण वष$ / Assessment Year : 2010-11

disallowance of interest on interest free advances u/s.36(1)(iii) and holding them as genuine. 5. The appellant craves leave to add, alter, modify, delete amend any of the grounds with prior permission of the Hon'ble CIT, as per the circumstances of the case. 6. The appellant prays to file any of the additional evidence appropriate to the grounds

GORIBI ABDUL KARIM NADAF,PUNE vs. COMMISSIONER OF INCOME TAX (APPEALS), ADDL JCIT (A) 1 - AHMEDABAD, COMMISSIONER OF INCOME TAX (APPEALS), ADDL/JCIT (A) AHMEDABAD

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

Bench: Shri Inturi Rama Rao & Shri Vinay Bhamore

56, Addl. JCIT(A) 1, Survey No. 40, Subhash Ahmedabad Nagar, Vishrantwadi, Dhanori B.O.-411015 PAN : AEDPN4485P Appellant Respondent Assessee by : None Revenue by : Shri Manoj Tripathi Date of hearing : 29.04.2024 Date of pronouncement : 30.04.2024 आदेश / ORDER PER INTURI RAMA RAO, AM: These are the appeals filed by the assessee directed against the common order of ld. Commissioner of Income

GORIBI ABDUL KARIM NADAF,PUNE vs. COMMISSIONER INCOME TAX (APPEALS), ADDL JCIT (A) -1 AHMEDABAD, AHMEDABAD

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

Bench: Shri Inturi Rama Rao & Shri Vinay Bhamore

56, Addl. JCIT(A) 1, Survey No. 40, Subhash Ahmedabad Nagar, Vishrantwadi, Dhanori B.O.-411015 PAN : AEDPN4485P Appellant Respondent Assessee by : None Revenue by : Shri Manoj Tripathi Date of hearing : 29.04.2024 Date of pronouncement : 30.04.2024 आदेश / ORDER PER INTURI RAMA RAO, AM: These are the appeals filed by the assessee directed against the common order of ld. Commissioner of Income

M/S. SHEWANI PROPERTIES,,PUNE vs. ASSISTANT COMMISSIONER OF INCOME-TAX,,

In the result, the appeal of assessee is allowed

Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita No.326/Pun/2016 यििाारण वषा / Assessment Year : 2009-10

56,925/- and re-computed 3 M/s. Shewani Properties the disallowance under section 14A of the Act read with Rule