IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH “C”, PUNE BEFORE SHRI R. K. PANDA, VICE PRESIDENT AND MS. ASTHA CHANDRA, JUDICIAL MEMBER Assessment year : 2018-19 ACIT, Circle – 8, Pune M/s. Alfa Laval India Pvt. Ltd.

Survey No.2221A, Dapodi, Mumbai Vs.

Pune Road, Near Kasarwadi, Pune – 411012 PAN: AAACA5899A (Appellant) (Respondent)

Assessee by : Shri Nikhil S Pathak Department by : Shri Prakash L Pathade, CIT-DR Date of hearing : 21-07-2025 Date of pronouncement : 10-10-2025

O R D E R

PER R.K. PANDA, VP:

This appeal filed by the Revenue is directed against the order dated 27.08.2024 of the Ld. CIT(A)-13, Pune relating to assessment year 2018-19.

2. Facts of the case, in brief, are that the assessee is a Private Limited Company primarily engaged in the business of production of key components and systems used in heat transfer, separation and fluid handling viz. Plate and spiral exchangers, separators, decanter centrifuges, filters and strainers, flow equipment etc. It filed its return of income on 27.11.2018 declaring taxable income of Rs.246,57,12,000/-. The return was processed u/s 143(1) of the Income Tax Act, 1961 (hereinafter referred to as ‘the Act’) on 16.10.2019 determining the