THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2 (1), PANAJI vs. M/S V. M. SALGAOCAR & BROTHERS (P) LTD., VASCO

Appeals of the Revenue are DISMISSED

Bench: Hon’Ble Shri S. S. Godara & Shri G. D. Padmahshaliआयकर अपऩल सं. / Ita Nos. 209 To 211/Pan/2019 निर्धारण वषा / Assessment Years : 2005-06 To 2007-08 The Asst. Commissioner Of Income Tax, Circle-2(1), Panaji, Goa . . . . . . . अपीलार्थी / Appellant

depreciation nor any disallowance for excess depreciation was made, unlike in preceding assessment year 1994-95 to 2004-05. Insofar

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2 (1), PANAJI vs. M/S V. M. SALGAOCAR & BROTHERS (P) LTD., VASCO

Appeals of the Revenue are DISMISSED

Bench: Hon’Ble Shri S. S. Godara & Shri G. D. Padmahshaliआयकर अपऩल सं. / Ita Nos. 209 To 211/Pan/2019 निर्धारण वषा / Assessment Years : 2005-06 To 2007-08 The Asst. Commissioner Of Income Tax, Circle-2(1), Panaji, Goa . . . . . . . अपीलार्थी / Appellant

depreciation nor any disallowance for excess depreciation was made, unlike in preceding assessment year 1994-95 to 2004-05. Insofar

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2 (1), PANAJI vs. M/S V. M. SALGAOCAR & BROTHERS (P) LTD., VASCO

Appeals of the Revenue are DISMISSED

Bench: Hon’Ble Shri S. S. Godara & Shri G. D. Padmahshaliआयकर अपऩल सं. / Ita Nos. 209 To 211/Pan/2019 निर्धारण वषा / Assessment Years : 2005-06 To 2007-08 The Asst. Commissioner Of Income Tax, Circle-2(1), Panaji, Goa . . . . . . . अपीलार्थी / Appellant

depreciation nor any disallowance for excess depreciation was made, unlike in preceding assessment year 1994-95 to 2004-05. Insofar

DEMPO INDUSTRIES PRIVATE LIMITED,PANAJI vs. INCOME TAX OFFICER, WARD -1(2), PANAJI

The appeal of the assessee is ALLOWED in above terms

Bench: Hon’Ble Shri S. S. Godara & Shri G. D. Padmahshali(Through Virtual Hearing At Pune) आयकर अपील सं. / Ita No. 131/Pan/2019 धििाारण वर्ा / Assessment Year : 2010-11 Dempo Industries Pvt. Ltd., Dempo House, Campal, Panaji, Goa - 403001 Pan: Aaacu1745F . . . . . . . अपीलार्थी / Appellant

disallowing additional depreciation of ₹21,69,257/- claimed u/s 32(1)(iia) of the Act on threefold reasons viz; (1) the business

GUALA CLOSURES (INDIA) PVT. LTD.,PANAJI vs. THE INCOME TAX OFFICER, WARD - 1(1), PANAJI

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

Bench: Shri Pavan Kumar Gadale & Shri G D Padmahshalii T A.No.344/Pan/2017 (A.Y.2013-14 ) Guala Closures(India) Vs. I T O Ward1(1), Private Limited, Aaykar Bhavan, D-1, Sesa Ghor, Edc, Patto, 20,Edc Complex, Panjim-403001. Patto, Goa. Panaji-403001, Goa Pan/Gir No.:Aaacg4447J Appellant .. Respondent

disallowance of excess depreciation on Nip Cap unit of Rs.17,54,911/ and assessed the total income of Rs.98,29,02,810/-. The assessee

GUALA CLOSURES (INDIA) PVT. LTD.,PANAJI vs. THE INCOME TAX OFFICER, WARD-1(1), PANAJI., PANAJI

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

Bench: Shri Pavan Kumar Gadale & Shri G D Padmahshalii T A.No.62/Pan/2017 (A.Y.2012-13 ) Guala Closures(India) Vs. I T O Ward1(1), Private Limited, Aaykar Bhavan, D-1, Seasa Ghor, Edc, Patto, 20,Edc Complex, Panjim-403001. Patto, Goa. Panaji-403001, Goa Pan/Gir No.:Aaacg4447J Appellant .. Respondent

disallowance of excess depreciation on Nip Cap unit of Rs.20,64,601/ and assessed the total income of Rs.99,48,28,460/-. The assessee

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

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-

disallowance of additional depreciation etc. The Ld. NFAC however, after recording his independent & concurrent findings in line with the findings

UMICORE AUTOCAT INDIA PRIVATE LIMITED ( ORIGINAL APPELLANT UMICORE ANANDEYA (INDIA) PRIVATE LIMITED),ZUARINAGAR, GOA vs. INCOME TAX OFFICER, WARD - 2,, MARGAO

In the result, the appeal for the A

Bench: Shri R.S. Syal & Shri S.S.Viswanethra Raviआयकर अपील सं. / Ita Nos.118 & 119/Pan/2019 "नधा"रण वष" / Assessment Years : 2009-10 & 2010-11

depreciation allowed has to be withdrawn. In view of this, Ground No.1 of the assesses’ appeal against the disallowance of depreciation

UMICORE AUTOCAT INDIA PRIVATE LIMITED ( ORIGINAL APPELLANT UMICORE ANANDEYA (INDIA) PRIVATE LIMITED),ZUARINAGAR, GOA vs. INCOME TAX OFFICER, WARD - 2,, MARGAO

In the result, the appeal for the A

Bench: Shri R.S. Syal & Shri S.S.Viswanethra Raviआयकर अपील सं. / Ita Nos.118 & 119/Pan/2019 "नधा"रण वष" / Assessment Years : 2009-10 & 2010-11

depreciation allowed has to be withdrawn. In view of this, Ground No.1 of the assesses’ appeal against the disallowance of depreciation

SURAJDATTA SAGUN MORAJKAR,NERUL vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1(1), PANAJI GOA, PANAJI

Bench: Hon’Ble Shri Pavankumar Gadale & Shri G. D. Padmahshaliita Nos. 122/Pan/2024 Assessment Year : 2017-18 Surajdatta Sagun Morajkar C/O. Sun Estate Developers, Next To Sal De Goa, Bhatti Waddo, Bardez, Goa-403114 Pan : Aempm7614J . . . . . . . Appellant

disallowance of depreciation u/s 32(1) of the Act for ₹12,34,116/- (ii) unsecured loan from aggrieved parties amounting

PEDNE TALUKA FARMERS SERVICE CO-OPERATIVE SOCIETY LIMITED,PEDNE vs. INCOME TAX OFFICER, WARD - 2(2), PANAJI

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

Bench: Shri Pavan Kumar Gadalei T A. No.198/Pan/2025 (A.Y. 2014-15) Pende Taluka Farmers Service Vs I T O Ward2(2), Co-Operative Society Limited, Aaykar Bhavan, . Sahakar Bhawan, Edc, Patto, Pernem, Panjim Goa-403512. Goa-403001. Pan .No. Aaaap0651P (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent) Assessee By Shri.Arun .F.Naik.Ar Revenue By Shri.Guru Kumar.S.Sr.Dr सुनवाई की तारीख/Date Of Hearing 22.09.2025 घोषणा की तारीख/Date Of Pronouncement 23.09.2025 Order Per Pavan Kumar Gadale, Jm: The Appeal Is Filed By The Assesse Against The Order Of The Addl/Jcit (A)-12 Mumbai Passed U/Sec 143(3) & U/Sec 250 Of The Act. 2. At The Time Of Hearing, The Ld.Ar Submitted That There Is A Delay Of 154 Days In Filing The Appeal Before The Hon’Ble Tribunal & The Assesse Has Filed The Application & Affidavit For Condonation Of Delay. Whereas, The Facts Mentioned In The Affidavit Are Reasonable & Sufficient Cause Is Explained & The Ld. Dr Has No Specific Objections. Accordingly, Condone The Delay & Admit The Appeal. The Assessee Has Raised The Grounds Of Appeal

disallowance of depreciation and assessed the total income of Rs.12,64,240/- and passed the order u/sec 143(3) of the Act dated

JENNY ELTON VALES,DONA PAULA vs. ITO, WARD - 5, MARGAO

In the result, the appeal of assessee in ITA No

Bench: Shri S.S. Viswanethra Ravi

disallowance of depreciation and addition to house property income. As appellant is covered by section 5A, any change in the total

JENNY ELTON VALES,DONA PAULA vs. ITO, WARD - 5, MARGAO

In the result, the appeal of assessee in ITA No

Bench: Shri S.S. Viswanethra Ravi

disallowance of depreciation and addition to house property income. As appellant is covered by section 5A, any change in the total

SALGAOCAR MINING INDUSTRIES PVT. LTD,PANAJI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - 1, MARGAO

The appeal of the assessee is PARTLY ALLOWED in aforestated terms

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshaliassessment Years: 2006-2007 M/S Salgaocar Mining Industries Pvt Ltd. Salgaonkar Bhava, Altino, Panaji, Goa-403001. Pan: Aabcs8862N . . . . . . . Appellant V/S Dy. Commissioner Of Income Tax, Circle-1, Margao, Goa. . . . . . . . Respondent Represented Assessee By: Mr Sukhsagar Syal [‘Ld. Ar’] Revenue By: Ms Rijjula Uniyal [‘Ld. Dr’] Date Of Conclusive Hearing : 20/01/2026 Date Of Pronouncement : 29/01/2026 Order Per G. D. Padmahshali; This Assessee’S Appeal Filed U/S 253(1) Of The Income- Tax Act, 1961 [‘The Act’] Impugns The Order Dt. 20/03/2025 Passed U/S 250 Of The Act By Commissioner Of Income Tax(Appeals-2), Panaji [‘Ld. Cit(A)’] Which In Turn Dealt With Order Dt. 20/12/2011 Passed U/S 144 Of The Act By Dcit, Circle-1, Margao Goa [‘Ld. Ao’] Anent To Assessment Year 2006-07.[‘Ay’]

disallowance of excess depreciation of 1,82,643/- . 2.4 Aggrieved assessee company preferred an appeal u/s 246A r.w.s. 249 of the Act before

M/S TRIMURTY INDUSTRIES,CUNCOLIM, SALCETE vs. DCIT, CIRCLE - 1, MARGAO

In the result, appeal of the assessee is allowed for statistical purposes

Bench: Shri Inturi Rama Rao & Shri Partha Sarathi Chaudhury(Through Virtual Hearing) M/S. Trimurty Industry, Vs Dcit, Circle-1, Plot No. M-20, Cuncolim Margao, Goa. Industrial Estate, Cuncolim, Salcette, Goa. Pan: Aadft 1136 F Appellant Respondent Assessee By : Shri Nagraj Kale, Fca Revenue By : Shri N. Shrikanth, Dr Date Of Hearing : 18/08/2023 Date Of Pronouncement : 23/08/2023 O R D E R Per Partha Sarathi Chaudhury, Jm: This Appeal Preferred By The Assessee Emanates From The Order Of Commissioner Of Income Tax [Appeals]-1, Panaji, Dated 02.07.2018 For A.Y.2009-10 As Per The Grounds Of Appeal On Record.

disallowance of excess claim of depreciation and withdrawal of excess deduction claimed u/sec. 80IB. 3. Aggrieved by the order of the AO, the assessee

M/S TERACOM (P) LTD,PONDA vs. THE JOINT COMMISSIONER OF INCOME TAX - 2, PANAJI

In the result, the Stay applications filed by the assessee are infactious and are dismissed, and the appeals filed by the assessee are allowed for statistical purposes

Bench: Shri Pavan Kumar Gadale & Shri G D Padmahshalii T A. Nos. 2/Pan/2025 & S A.2/Pan/2025 I T A. Nos. 3/Pan/2025 & S A.3/Pan/2025 (A.Y. 2010-11 & A.Y.2011-12 ) Teracom Ltd, Vs Jcit-Range-2, 55,1 St Floor, Aayakarbhavan, Patto, . Ponda Commerce Center Panaji, Ponda-403401, Goa-403001. Goa. . Pan .No. Aabct5254B (अपीलाथ"/Appellant) (""यथ"/Respondent) Assessee By Shri.Rama Rivonkar.Ar Revenue By Shri.Capt Pradeep Arya.Dr सुनवाई क" तार"ख/Date Of Hearing 02.07.2025 घोषणा क" तार"ख/Date Of Pronouncement 03.07.2025 Order Per Pavan Kumar Gadale, Jm: These Two Appeals Are Filed By The Assesse Against The Separate Orders Of The Nfac Delhi/Cit(A) Passed U/Sec 143(3) & U/Sec 250 Of The Act. 2. Since The Issues Involved In These Appeals Are Common & Similar, Hence They Are Clubbed, Heard & A Consolidated Order Is Passed. For The Sake Of Convenience, We Shall Take Up Ita No.2/Pan/2025, A.Y 2010-11 As Lead Case & Facts Narrated. The Assessee Has Raised The Grounds Of Appeal Challenging The Order Of The Cit(A)

depreciation on revaluation of assets in computing book profits u/sec115JB of the Act(ii)disallowance u/sec14A of the Act (iii)excess

M/S TERACOM (P) LTD,PONDA vs. THE JOINT COMMISSIONER OF INCOME TAX - 2, PANAJI

In the result, the Stay applications filed by the assessee are infactious and are dismissed, and the appeals filed by the assessee are allowed for statistical purposes

Bench: Shri Pavan Kumar Gadale & Shri G D Padmahshalii T A. Nos. 2/Pan/2025 & S A.2/Pan/2025 I T A. Nos. 3/Pan/2025 & S A.3/Pan/2025 (A.Y. 2010-11 & A.Y.2011-12 ) Teracom Ltd, Vs Jcit-Range-2, 55,1 St Floor, Aayakarbhavan, Patto, . Ponda Commerce Center Panaji, Ponda-403401, Goa-403001. Goa. . Pan .No. Aabct5254B (अपीलाथ"/Appellant) (""यथ"/Respondent) Assessee By Shri.Rama Rivonkar.Ar Revenue By Shri.Capt Pradeep Arya.Dr सुनवाई क" तार"ख/Date Of Hearing 02.07.2025 घोषणा क" तार"ख/Date Of Pronouncement 03.07.2025 Order Per Pavan Kumar Gadale, Jm: These Two Appeals Are Filed By The Assesse Against The Separate Orders Of The Nfac Delhi/Cit(A) Passed U/Sec 143(3) & U/Sec 250 Of The Act. 2. Since The Issues Involved In These Appeals Are Common & Similar, Hence They Are Clubbed, Heard & A Consolidated Order Is Passed. For The Sake Of Convenience, We Shall Take Up Ita No.2/Pan/2025, A.Y 2010-11 As Lead Case & Facts Narrated. The Assessee Has Raised The Grounds Of Appeal Challenging The Order Of The Cit(A)

depreciation on revaluation of assets in computing book profits u/sec115JB of the Act(ii)disallowance u/sec14A of the Act (iii)excess

M/S SOVA,PANAJI vs. PR. COMMISSIONER OF INCOME TAX, PANAJI

The appeal of the assessee is PARTLY ALLOWED in aforestated terms

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

depreciation and on other hand claim them doubly for c/f of loss owning to disallowance. Insofar as the denial of set-off against