M/S SOVA,PANAJI vs. PR. COMMISSIONER OF INCOME TAX, PANAJI
The appeal of the assessee is PARTLY ALLOWED in aforestated terms
ITA 24/PAN/2024[2018-19]Status: DisposedITAT Panaji10 Mar 2026AY 2018-19
Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshaliassessment Years: 2018-19 M/S Sova Salgaocar Bhavan, Altinho, Panaji, Goa-403001. Pan: Aacfs8862Q . . . . . . . Appellant V/S Pr. Commissioner Of Income Tax, Panaji, Goa. . . . . . . . Respondent
For Appellant: Mr Sukhsagar Syal [‘Ld. AR’]For Respondent: Mr M Satish [‘Ld. DR’]
Section 143(2)Section 143(3)Section 253(1)Section 263Section 56
155 taxmann.com 230 (Bom)]. The Ld. PCIT neither confronted his proposition to reverse the set- off of IOS against the current year business losses nor the denial of c/f of such balance losses to next year.
The failure of Ld. PCIT to put assessee to notice is fatal to revisionary scope & action. By the former judicial precedent (supra) both
