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58 results for “capital gains”+ Section 250(1)clear

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Key Topics

Condonation of Delay31Section 143(3)24Section 14824Section 25021Addition to Income13Section 143(1)12Reopening of Assessment12Section 14711Disallowance

MAHENDRA PURUSHOTTAM NAIK GAUNEKAR,PANAJI vs. INCOME TAX OFFICER, PANAJI

Accordingly. The ground thus stands allowed

ITA 12/PAN/2024[2016-17]Status: DisposedITAT Panaji01 Jul 2025AY 2016-17

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

For Appellant: Mr Rahul Sarda [‘Ld. AR’]For Respondent: Mr Capt. Pradeep Arya [‘Ld. DR’]
Section 143(2)Section 147Section 148Section 250Section 253(1)Section 50CSection 50C(1)

1 of 16 Mahendra Purushottam Naik Gaunekar Vs ITO ITA No.: 012/PAN/2024 AY: 2016-17 2. The primary grievance in present appeals twirls around ex-parte dismissal of appeal in contravention of s/s (6) of 250 of the Act. 3. As we note that, the assessee is an individual who filed his return of income on 04/08/2016 declaring income

Showing 1–20 of 58 · Page 1 of 3

11
Section 246A10
Section 80P(2)(d)9
Section 253(2)9

BANDEKAR BROTHERS PRIVATE LIMITED,VASCO-DA-GAMA, GOA vs. ASSISTANT COMMISSIONER OF INCOME TAX, PANAJI, GOA

The appeal of the assessee is PARTLY ALLOWED in aforestated terms

ITA 38/PAN/2025[2013-14]Status: DisposedITAT Panaji11 Feb 2026AY 2013-14

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshaliassessment Years: 2013-14 Bandekar Brothers Pvt. Ltd. Post Box No. 11, Suvarna Bandekar Bldg., Swatantra Path, Vasco-Da-Gama Goa-403802 Pan: Aaacb5502B . . . . . . . Appellant V/S Asstt. Commissioner Of Income Tax, Circle-2(1), Panaji, Goa. . . . . . . . Respondent Represented Assessee By: Mr Pramod & Mr Shriniwas Deshpande [‘Ld. Ar’] Revenue By: Mr M Satish & Mr Renga Rajan [‘Ld. Dr’] Date Of Conclusive Hearing : 12/01/2026 Date Of Pronouncement : 11/02/2026 Order Per G. D. Padmahshali; This Assessee’S Appeal Filed U/S 253(1) Of The Income-

For Appellant: Mr Pramod & Mr Shriniwas Deshpande [‘Ld. AR’]For Respondent: Mr M Satish & Mr Renga Rajan [‘Ld. DR’]
Section 143(1)Section 143(2)Section 143(3)Section 14ASection 2(14)Section 246ASection 250Section 253(1)Section 37(1)

250 of the Act by National Faceless Appeal Centre, Delhi [‘Ld. NFAC’] which in turn arisen out of order dt. 28/03/2016 passed u/s 143(3) of the Act by ACIT, Circle-2(1), Panaji Goa [‘Ld. AO’] anent to assessment year 2013-14.[‘AY’] ITAT-Panaji Page 1 of 39 M/s Bandekar Brothers Pvt. Ltd. Vs ACIT ITA No. 038/PAN/2025

APPAYYA KAVEERAPPA KOTTARSHETTY,BELGAUM vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE -1, BELAGAVI

In the result, appeal filed by the assessee is allowed

ITA 204/PAN/2023[2017-18]Status: DisposedITAT Panaji29 Jul 2025AY 2017-18

Bench: SHIR PAVAN KUMAR GADALE (Judicial Member), SHRI GD PADMAHSHALI (Accountant Member)

For Appellant: Shri.Anil I Ramdurg. ARFor Respondent: Shri.DeshmukhSPrakash.Sr.DR
Section 270A

250 of the Act. The assessee has raised the grounds of appeal challenging the order of the CIT(A) sustaining the levy of penalty u/sec270A of the Act. Appayya Karveerappa Kottarshetty. 2. The brief facts of the case are that, the assesse is a super senior person and has filed the return of income for the A.Y.2017-18 on 29.07.2017 disclosing

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 1, MARGAO vs. SHRI ROHIT RAMCHANDRA PAI PANANDIKAR, MARGAO

Accordingly. The grounds accordingly stands partly allowed

ITA 254/PAN/2019[2011-12]Status: DisposedITAT Panaji25 Feb 2025AY 2011-12

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

For Appellant: Mr R K Pikale [‘Ld. AR’]For Respondent: Mr Narendra Reddy [‘Ld. DR’]
Section 139(1)Section 143(1)Section 143(3)Section 148Section 246ASection 250Section 253(2)

Capital Gain since during the year under consideration for ITAT-Panaji Page 8 of 12 Panandikar Group ITA Nos.253 to 258 & 285 to 288/PAN/2019 AY 2011-12 and AY 2012-13 there were actual transfer of shares. 8. Considering the facts and circumstances of the case order of the Ld. CIT(A) is not acceptable since prosecution complaint is filed

INCOME TAX OFFICER, WARD - 2, MARGAO vs. SHRI SHANU PAI PANANDIKAR (HUF), MARGAO

Accordingly. The grounds accordingly stands partly allowed

ITA 286/PAN/2019[2011-12]Status: DisposedITAT Panaji25 Feb 2025AY 2011-12

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

For Appellant: Mr R K Pikale [‘Ld. AR’]For Respondent: Mr Narendra Reddy [‘Ld. DR’]
Section 139(1)Section 143(1)Section 143(3)Section 148Section 246ASection 250Section 253(2)

Capital Gain since during the year under consideration for ITAT-Panaji Page 8 of 12 Panandikar Group ITA Nos.253 to 258 & 285 to 288/PAN/2019 AY 2011-12 and AY 2012-13 there were actual transfer of shares. 8. Considering the facts and circumstances of the case order of the Ld. CIT(A) is not acceptable since prosecution complaint is filed

INCOME TAX OFFICER, WARD - 3, MARGAO vs. SHRI RAJ SHANU PAI PANANDIKAR, MARGAO

Accordingly. The grounds accordingly stands partly allowed

ITA 287/PAN/2019[2011-12]Status: DisposedITAT Panaji25 Feb 2025AY 2011-12

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

For Appellant: Mr R K Pikale [‘Ld. AR’]For Respondent: Mr Narendra Reddy [‘Ld. DR’]
Section 139(1)Section 143(1)Section 143(3)Section 148Section 246ASection 250Section 253(2)

Capital Gain since during the year under consideration for ITAT-Panaji Page 8 of 12 Panandikar Group ITA Nos.253 to 258 & 285 to 288/PAN/2019 AY 2011-12 and AY 2012-13 there were actual transfer of shares. 8. Considering the facts and circumstances of the case order of the Ld. CIT(A) is not acceptable since prosecution complaint is filed

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 1, MARGAO vs. SHRI ROHIT RAMCHANDRA PAI PANANDIKAR, MARGAO

Accordingly. The grounds accordingly stands partly allowed

ITA 253/PAN/2019[2010-11]Status: DisposedITAT Panaji25 Feb 2025AY 2010-11

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

For Appellant: Mr R K Pikale [‘Ld. AR’]For Respondent: Mr Narendra Reddy [‘Ld. DR’]
Section 139(1)Section 143(1)Section 143(3)Section 148Section 246ASection 250Section 253(2)

Capital Gain since during the year under consideration for ITAT-Panaji Page 8 of 12 Panandikar Group ITA Nos.253 to 258 & 285 to 288/PAN/2019 AY 2011-12 and AY 2012-13 there were actual transfer of shares. 8. Considering the facts and circumstances of the case order of the Ld. CIT(A) is not acceptable since prosecution complaint is filed

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 1, MARGAO vs. SHRI ROHAN RAMCHANDRA PAI PANANDIKAR, MARGAO

Accordingly. The grounds accordingly stands partly allowed

ITA 256/PAN/2019[2011-12]Status: DisposedITAT Panaji25 Feb 2025AY 2011-12

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

For Appellant: Mr R K Pikale [‘Ld. AR’]For Respondent: Mr Narendra Reddy [‘Ld. DR’]
Section 139(1)Section 143(1)Section 143(3)Section 148Section 246ASection 250Section 253(2)

Capital Gain since during the year under consideration for ITAT-Panaji Page 8 of 12 Panandikar Group ITA Nos.253 to 258 & 285 to 288/PAN/2019 AY 2011-12 and AY 2012-13 there were actual transfer of shares. 8. Considering the facts and circumstances of the case order of the Ld. CIT(A) is not acceptable since prosecution complaint is filed

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 1, MARGAO vs. SHRI ROHAN RAMCHANDRA PAI PANANDIKAR, MARGAO

Accordingly. The grounds accordingly stands partly allowed

ITA 255/PAN/2019[2010-11]Status: DisposedITAT Panaji25 Feb 2025AY 2010-11

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

For Appellant: Mr R K Pikale [‘Ld. AR’]For Respondent: Mr Narendra Reddy [‘Ld. DR’]
Section 139(1)Section 143(1)Section 143(3)Section 148Section 246ASection 250Section 253(2)

Capital Gain since during the year under consideration for ITAT-Panaji Page 8 of 12 Panandikar Group ITA Nos.253 to 258 & 285 to 288/PAN/2019 AY 2011-12 and AY 2012-13 there were actual transfer of shares. 8. Considering the facts and circumstances of the case order of the Ld. CIT(A) is not acceptable since prosecution complaint is filed

INCOME TAX OFFICER, WARD - 2, MARGAO vs. SMT KUNDA SHANU PAI PANANDIKAR, MARGAO

Accordingly. The grounds accordingly stands partly allowed

ITA 288/PAN/2019[2011-12]Status: DisposedITAT Panaji25 Feb 2025AY 2011-12

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

For Appellant: Mr R K Pikale [‘Ld. AR’]For Respondent: Mr Narendra Reddy [‘Ld. DR’]
Section 139(1)Section 143(1)Section 143(3)Section 148Section 246ASection 250Section 253(2)

Capital Gain since during the year under consideration for ITAT-Panaji Page 8 of 12 Panandikar Group ITA Nos.253 to 258 & 285 to 288/PAN/2019 AY 2011-12 and AY 2012-13 there were actual transfer of shares. 8. Considering the facts and circumstances of the case order of the Ld. CIT(A) is not acceptable since prosecution complaint is filed

THE INCOME TAX OFFICER, WARD - 3, MARGAO vs. SMT RAJANI RAMCHANDRA PAI PANANDIUKAAR, MARGAO

Accordingly. The grounds accordingly stands partly allowed

ITA 257/PAN/2019[2010-11]Status: DisposedITAT Panaji25 Feb 2025AY 2010-11

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

For Appellant: Mr R K Pikale [‘Ld. AR’]For Respondent: Mr Narendra Reddy [‘Ld. DR’]
Section 139(1)Section 143(1)Section 143(3)Section 148Section 246ASection 250Section 253(2)

Capital Gain since during the year under consideration for ITAT-Panaji Page 8 of 12 Panandikar Group ITA Nos.253 to 258 & 285 to 288/PAN/2019 AY 2011-12 and AY 2012-13 there were actual transfer of shares. 8. Considering the facts and circumstances of the case order of the Ld. CIT(A) is not acceptable since prosecution complaint is filed

INCOME TAX OFFICER, WARD - 2, MARGAO vs. SHRI SHANU PAI PANANDIKAR (HUF), MARGAO

Accordingly. The grounds accordingly stands partly allowed

ITA 285/PAN/2019[2010-11]Status: DisposedITAT Panaji25 Feb 2025AY 2010-11

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

For Appellant: Mr R K Pikale [‘Ld. AR’]For Respondent: Mr Narendra Reddy [‘Ld. DR’]
Section 139(1)Section 143(1)Section 143(3)Section 148Section 246ASection 250Section 253(2)

Capital Gain since during the year under consideration for ITAT-Panaji Page 8 of 12 Panandikar Group ITA Nos.253 to 258 & 285 to 288/PAN/2019 AY 2011-12 and AY 2012-13 there were actual transfer of shares. 8. Considering the facts and circumstances of the case order of the Ld. CIT(A) is not acceptable since prosecution complaint is filed

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

250 of the Act. The assessee has raised the grounds of appeal challenging the order of the CIT(A) sustaining (i)the disallowance of community development and village welfare expenses and(ii) disallowance of claim of expenses on stamp duty and registration charges of mining lease. 2. The brief facts of the case are that, the assessee is a partnership

SONALI MAHENDRA NAIK GAUNEKAR,PANAJI vs. ASST. UNIT, NFAC, I. T. DEPARTMENT, DELHI

The appeal stands allowed for statistical purposes

ITA 312/PAN/2025[2016-17]Status: DisposedITAT Panaji27 Nov 2025AY 2016-17

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

For Appellant: Mr Rahul Sarda [‘Ld. AR’]For Respondent: Mr Naveen Kumar [‘Ld. DR’]
Section 143(2)Section 147Section 148Section 250Section 253(1)Section 263Section 50CSection 50C(1)

250 of the Act which emanated from assessment order dt. 29/09/2021 passed u/s 147 r.w.s. 144B of the Act by National Faceless e-Asstt. Centre, Delhi [‘Ld. AO’]. ITAT-Panaji Page 1 of 8 Sonali Mahendra Naik Gaunekar Vs ITO ITA No.: 312/PAN/2025 AY: 2016-17 The facts of the case briefly stated as; the assessee 2. is an individual

SONALI MAHENDRA NAIK GAUNEKAR,PANAJI vs. INCOME TAX OFFICER, WARD - 1(1), PANAJI

The appeal of the assessee is partly allowed for statistical purpose

ITA 313/PAN/2025[2016-17]Status: DisposedITAT Panaji28 Oct 2025AY 2016-17

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

For Appellant: Mr Rahul Sarda [‘Ld. AR’]For Respondent: Mr Renga Rajan [‘Ld. DR’]
Section 147Section 148Section 250Section 253(1)Section 263Section 50C

250 of the Act which in turn originated from order of assessment dt. 27/03/2025 passed u/s 147 r.w.s. 263 of the Act by Income Tax Officer, Ward 1(1), Panaji, Goa [‘Ld. AO’]. ITAT-Panaji Page 1 of 13 Sonali Mahendra Naik Gaunekar Vs ITO ITA No.: 313/PAN/2025 AY: 2016-17 2. We note that, the assessee individual filed

PRATIBHA P KULKARNI REPRESENTED BY LEGAL HEIR CHIDAMBAR KULKARNI,BELAGAVI vs. DCIT CENTRAL CIRCLE BELAGAVI, BELAGAVI

In the result, the appeal filed by assesse is allowed for statistical purposes

ITA 212/PAN/2025[2015-2016]Status: DisposedITAT Panaji16 Sept 2025AY 2015-2016

Bench: Shri Pavan Kumar Gadalei T A. Nos.212/Pan/2025 (A.Y. 2015-16) Pratibha P Kulkarni Vs Dcit-Central Circle, Represented By Legal Heir Saraf Colony, . Chidambar Kulkarni, Khanaput, Plot.No.593, Block-1, Tilakwari, Sector.No.5, Shrinagar, Belagavi--590001, Belagavi-590016, Karnataka. Karnataka. Pan/Gir No. Adzpk4755G (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent)

Section 54E

250 of the Act. The assesse has raised the grounds of appeal challenging the ex-parte order of the CIT(A) sustaining the additions made by the Assessing Officer. 2. At the time of hearing, the Ld.AR submitted that there is a delay of 152 days in filing the appeal before the Hon’ble Tribunal and the assesse has filed

EMCO GOA PRIVATE LIMITED,MARGAO vs. ASST. DIRECTOR OF INCOME TAX, CPC, BENGALURU

In the result, the appeal filed by the assessee is allowed for statistical purposes

ITA 102/PAN/2024[2019-20]Status: DisposedITAT Panaji27 Mar 2025AY 2019-20

Bench: Shir Pavan Kumar Gadale & Shri Gd Padmahshaliemco Goa Pvt Ltd, Vs. Adit, Cpc, Prasad Rawanfond, Bengaluru-560500. Aquea, Baixo,Navelim, Kar Margoa-403707, Goa. Nataka. "थायी लेखा सं./जीआइआर सं./Pan No.Aaace3064F Appellant .. Respondent

For Appellant: Ms.Pooja Bandekar.ARFor Respondent: Mr.Vimalraj PeriyagoundenSr.DR
Section 115JSection 143(1)

250 of the Act. The assesse has raised the grounds of appeal challenging the order of the CIT(A) partially sustaining the addition made by the Assessing Officer. Emco Goa Private Limited. 2. The brief facts of the case are that, the assesse company is engaged in the business of mining, machinery, hire and loading of bags. The assesse

BASAV SOUHARDA CREDIT SAHAKARI NIYAMIT BAILHONGAL,BAILHONGALA vs. INCOME TAX OFFICER NATIONAL E ASSESSMENT CENTER, BELAGAVI

In the result, the appeal filed by the revenue is dismissed and twenty eight appeals filed by the assessee are partly allowed for statistical purpose in aforestated terms

ITA 190/PAN/2024[2020-2021]Status: DisposedITAT Panaji28 Nov 2025AY 2020-2021

Bench: Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

250 of the Act and the Revenue has filed the one cross appeal. Since issues involved in these appeals are common, identical and similar, hence for the sake of convenience they are clubbed, heard and a consolidated order is passed. 2. Delay in filing the appeals before the Hon’ble Tribunal in following appeals as under: ITA.No.190/PAN/2024,ITA.No.153/PAN/2024

SHRI BASAVESHWAR URBAN CO OPERATIVE CREDIT SOCIETY LTD,BELAGAVI vs. INCOME TAX OFFICER NATIONAL E ASSESSMENT, BELAGAVI

In the result, the appeal filed by the revenue is dismissed and twenty eight appeals filed by the assessee are partly allowed for statistical purpose in aforestated terms

ITA 180/PAN/2024[2020-2021]Status: DisposedITAT Panaji28 Nov 2025AY 2020-2021

Bench: Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

250 of the Act and the Revenue has filed the one cross appeal. Since issues involved in these appeals are common, identical and similar, hence for the sake of convenience they are clubbed, heard and a consolidated order is passed. 2. Delay in filing the appeals before the Hon’ble Tribunal in following appeals as under: ITA.No.190/PAN/2024,ITA.No.153/PAN/2024

SHREE BASVANNA MAHADEV CO-OPERATIVE CREDIT SOCIETY LIMITED,BELAGAVI vs. INCOME TAX OFFICER WARD 6, BELGAUM

In the result, the appeal filed by the revenue is dismissed and twenty eight appeals filed by the assessee are partly allowed for statistical purpose in aforestated terms

ITA 25/PAN/2025[2017-2018]Status: DisposedITAT Panaji28 Nov 2025AY 2017-2018

Bench: Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

250 of the Act and the Revenue has filed the one cross appeal. Since issues involved in these appeals are common, identical and similar, hence for the sake of convenience they are clubbed, heard and a consolidated order is passed. 2. Delay in filing the appeals before the Hon’ble Tribunal in following appeals as under: ITA.No.190/PAN/2024,ITA.No.153/PAN/2024