8-TXA-24-2024 & BUNCH & 25-XOB-3055-2024(F) 1 5 Niti IN THE HIGH COURT OF BOMBAY AT GOA TAX APPEAL NO.24/2024 WITH CROSS-OBJECTION NO.3057/2024(F), TAX APPEAL NO.20/2024 WITH CROSS- OBJECTION NO.3054/2024(F), TAX APPEAL NO.29/2024, 17/2024 WITH CROSS-OBJECTION NO.3059/2024(F), 25/2024 WITH CROSS-OBJECTION NO.3056/2024, 28/2024, 19/2024, 18/2024, 22/2024, 9/2024, 21/2024, CROSS- OBJECTION NO.3055/2024(F) IN TAX APPEAL NO.23/2024 TAX APPEAL NO.24/2024 THE PR. COMMISSIONER OF INCOME TAX ...APPELLANT Versus M/S. CHOWGULE AND COMPANY PVT. LTD. …. RESPONDENT CROSS-OBJECTION NO.3057/2024(F) IN TAX APPEAL NO.20/2024 M/S. CHOWGULE AND COMPANY PVT. LTD. ...APPELLANT Versus THE PR. COMMISSIONER OF INCOME TAX …. RESPONDENT TAX APPEAL NO.20/2024 THE PR. COMMISSIONER OF INCOME TAX ...APPELLANT Versus M/S. CHOWGULE AND COMPANY PVT. LTD. …. RESPONDENT CROSS-OBJECTION NO.3054/2024(F) IN TAX APPEAL NO.20/2024 M/S. CHOWGULE AND COMPANY PVT. LTD. ...APPELLANT Versus THE PR. COMMISSIONER OF INCOME TAX …. RESPONDENT TAX APPEAL NO.29/2024 8-TXA-24-2024 & BUNCH & 25-XOB-3055-2024(F) 2 5 THE PR. COMMISSIONER OF INCOME TAX ...APPELLANT Versus M/S. ZUARI AGRO CHEMICALS LTD. …. RESPONDENT TAX APPEAL NO.17/2024 THE PR. COMMISSIONER OF INCOME TAX ...APPELLANT Versus M/S. CHOWGULE AND COMPANY PVT. LTD. …. RESPONDENT CROSS OBJECTION NO.3059/2024(F) IN TAX APPEAL NO.17/2024 M/S. CHOWGULE AND COMPANY PVT. LTD. ...APPELLANT Versus THE PR. COMMISSIONER OF INCOME TAX …. RESPONDENT TAX APPEAL NO.25/2024 THE PR. COMMISSIONER OF INCOME TAX ...APPELLANT Versus M/S. CHOWGULE AND COMPANY PVT. LTD. …. RESPONDENT CROSS OBJECTION NO.3056/2024(F) IN TAX PPEAL NO.25/2024 M/S. CHOWGULE AND COMPANY PVT. LTD. ...APPELLANT Versus THE PR. COMMISSIONER OF INCOME TAX …. RESPONDENT TAX APPEAL NO.28/2024 THE PR. COMMISSIONER OF INCOME TAX ...APPELLANT Versus ZUARI AGRO CHEMICAL LTD. …. RESPONDENT TAX APPEAL NO.19/2024 8-TXA-24-2024 & BUNCH & 25-XOB-3055-2024(F) 3 5 THE PR. COMMISSIONER OF INCOME TAX ...APPELLANT Versus M/S. COLORCON ASIA PRIVATE LIMITED …. RESPONDENT TAX APPEAL NO.18/2024 THE PR. COMMISSIONER OF INCOME TAX ...APPELLANT Versus M/S COLORCON ASIA PVT. LTD. …. RESPONDENT TAX APPEAL NO.22/2024 THE PR. COMMISSIONER OF INCOME TAX ...APPELLANT Versus M/S. CHOWGULE AND COMPANY PVT. LTD. …. RESPONDENT CROSS-OBJECTION NO.3053/2024 (F) IN TAX APPEAL NO.22/2024 M/S. CHOWGULE AND COMPANY PVT. LTD ...APPELLANT Versus THE PR. COMMISSIONER OF INCOME TAX …. RESPONDENT TAX APPEAL NO.9/2024 THE PR. COMMISSIONER OF INCOME TAX ...APPELLANT Versus COLORCON ASIA PVT. LTD. …. RESPONDENT TAX APPEAL NO.21/2024 THE PR. COMMISSIONER OF INCOME TAX ...APPELLANT Versus M/S. CHOWGULE AND COMPANY PVT. LTD. …. RESPONDENT CROSS-OBJECTION NO.3058/2024(F) IN TAX APPEAL NO.21/2024 M/S. CHOWGULE AND 8-TXA-24-2024 & BUNCH & 25-XOB-3055-2024(F) 4 5 COMPANY PVT. LTD. ...APPELLANT Versus THE PR. COMMISSIONER OF INCOME TAX …. RESPONDENT AND CROSS-OBJECTION NO.3055/2024(F) IN TAX APPEAL NO.23/2024 M/S. CHOWGULE AND COMPANY PVT. LTD. THR. POA SANDEEP DABHOLKAR ...APPELLANT Versus THE PR. COMMISSIONER OF INCOME TAX …. RESPONDENT Ms Amira Razaq, Standing Counsel for the Appellants in TXA Nos.24/2024, 20/2024, 29/2024, 17/2024, 25/202428/2024, 19/2024, 18/2024, 22/20249/2024 & 21/2024. Mr Harsh Kapadia with Mr Jayant U. Karn, Advocates for the Appellants in XOB No.3057/2024(F), 3054/2024(F), 3059/2024(F), 3056/2024(F), 3053/2024(F), 3058/2024(F) & 3055/2024(F) and for Respondents in TXA Nos.17/2024, 20/2024, 21/2024, 22/2024, 24/2025 and 25/2024. Mr Vishal Kalra (through V.C.), with Ms Singdha Gautam (through V.C.) and Ms Suprit Dessai, Advocate for Respondent Nos.9/2024, 18/2024 and 19/2024. Mr Arjun Jain (through V.C.) with Ms Ketaki Pednekar, Advocates for Respondent Nos.28 and 29 of 2024. CORAM : BHARATI DANGRE & ASHISH S. CHAVAN, JJ. DATE : 25th SEPTEMBER 2025 ORAL ORDER : (Per Bharati Dangre, J.) 1. 8-TXA-24-2024 & BUNCH & 25-XOB-3055-2024(F) 5 5 2. 3. 4. ASHISH S. CHAVAN, J. BHARATI DANGRE, J. Signed by: NITI KISHOR HALDANKAR Designation: Private Secretary Date: 01/10/2025 11:16:18