M/S R. S. SHETYE & BROS,PANAJI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE -1(1), PANAJI
In the result, the appeal filed by the assessee is partly allowed
ITA 37/PAN/2023[2016-17]Status: DisposedITAT Panaji27 Feb 2026AY 2016-17
Bench: Shri Pavan Kumar Gadale & Shri G D Padmahshalii T A. No.37/Pan/2023 (A.Y.2016-17) R.S.Shetye & Bros, Vs Acit 1(1), Flat.No.14, 1 St Floor, Aaykar Bhavan, . Trionara Apartments, Edc, Patto, New Muncipal Market, Panjim Panaji- Goa-403001. Goa-403001. Pan .No.Aabfr9785N (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent)
Section 3
92,808/-. The assessee has filed letter dated 5.10.2018 mentioning that during the previous year and past 3 years the assessee has not made any extraction or sale of iron ore on account of complete ban of mining activities as Honble Supreme Court order dated
05.12.2012. 3.Whereas the A.O find, that (i) the assessee has claimed community development and village
