M/S ADITI SCANS PVT. LTD,BIJAPUR vs. ACIT, CIRCLE - 1, BIJAPUR

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

Bench: Shri Laliet Kumar, Jm & Dr. Mitha Lal Meena, Am M/S Aditi Scans Pvt. Ltd. Vs Acit, Circle-1, Bijapur Shiva Kunja Chalukya Nagar (East) Solapur Road, Vijaypur, Vijaypur Pan No.Aagca 7255 E (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) .. यनधााररती की ओर से /Assessee By : Shri Prasanth G.S., Ca राजस्व की ओर से /Revenue By : Shri Prabhat Jha, Citdr सुनवाई की तारीख / Date Of Hearing : 07/10/2021 घोषणा की तारीख/Date Of Pronouncement : 07/10/2021 आदेश / O R D E R Per Bench : This An Appeal Filed By The Revenue Against The Order Passed By The Cit(A), Gulbarga, Dated 29.11.2017 For The Assessment Year 2009- 2010, On The Following Grounds :- The Order Of The Learned Cit(A) In So Far As It Is Against The 1. Appellant, Is Opposed To Law, Weight Of Evidence, Natural Justice, Probabilities, Facts & Circumstances Of The Appellant'S Case. The Appellant Denies Itself Liable To Be Assessed On A Total Loss 2. Of Rs. 15,76,829/- As Against The Lossof Rs.75,46,930/- Under The Facts & Circumstances Of The Case. The Authorities Below Erred In Treating The Share Capital Of Rs. 3. 13,75,000/- As Unexplained Money Under Section 68 Of The Act Under The Facts & Circumstances Of The Case. The Order Of The Authorities Below Is Bad In Law As The Amount 4. Of Rs. 13,75,000/- Cannot Be Brought To Tax In The Hands Of The Appellant As The Mandatory Conditions To Invoke Section 68 Of The Act Have Not Been Satisfied Under The Facts & Circumstances Of The Case.

disallowed the amounts without application of mind which is opposed to the settled principles of natural justice and thus the order

SHRI BEERESHWAR CO-OP CREDIT SOCIETY LTD MADABHAVI,BELAGAVI vs. ITO WARD-2, BELAGAVI, BELAGAVI

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshaliita Nos. 487/Pan/2025 Assessment Year : 2020-21

disallowed and total income was assessee accordingly by an order dt. 05/09/2022 framed u/s 143(3) r.w.s. 144B of the Act. ITAT-Panaji Page 2 of 7 Shri Beereshwar Co-op. Credit Society Ltd. Vs ITO ITA Nos.487/PAN/2025 AY: 2020-21 3.2 Consequent to aforestated assessment, the Ld. NFeAC initiated penal proceedings u/s 270A by service of notice dt. 30/12/2022

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 the Ld. CIT(A) on 25/01/2012 which was instituted for first appellate adjudication vide Appeal No : CIT(A)/PNJ/10310/2019-20 and dismissed by the Ld. CIT(A) by an order dt. 17/03/2025. ITAT-Panaji Page

DAMODAR MANGALJI & COMPANY LIMITED,PANAJI vs. THE JOINT COMMISSIONER OF INCOME TAX, RANGE - 1, PANAJI

Appeals stands DISMISSED

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshaliita Nos. 034 & 035/Pan/2025 Assessment Year : 2011-12 & 2014-15 Damodar Mangalji & Company Ltd. Damodar Niwas, 1St Floor, Mc Road, Panaji, Goa-403001. Pan : Aaacd6880G . . . . . . . Appellant V/S Jt./Asstt. Commissioner Of Income Tax, Range-1/Circle-1(1), Goa. . . . . . . . Respondent Appearances Assessee By : Adv Rahul Sarda [‘Ld. Ar’] Revenue By : Mr M Satish [‘Ld. Dr’] Date Of Conclusive Hearing : 20/11/2025 Date Of Pronouncement : 18/12/2025 Order Per G. D. Padmahshali; The Captioned Twin Appeals Of Assessee Instituted U/S 253(1) Of The Income-Tax Act, 1961 [‘The Act’] Are Directed Against Separate Din & Order 1070138041(1) Dt. 08/11/2024 & 1070321994(1) Dt. 13/11/2024 Passed U/S 250 Of The Act By National Faceless Appeal Centre, Delhi [‘Ld. Nfac/Cit(A)’] Which Sprang From Assessment Orders Passed U/S 143(3) Of The Act Anent To Assessment Years 2011-12 & 2014-15 [‘Ay’].

disallowances. Finding appellant being indifferent, the Ld. NFAC vide para 4.5 advanced ex-parte on merits and upheld the disallowance/addition by a reasoned order. ITAT-Panaji Page 17 of 32 Damodar Mangalji & Company Ltd. Vs JCIT/ACIT ITA Nos.034 & 035/PAN/2025 AY: 2011-12 & 2014-15 20. The perusal of case record of impugned proceedings for AY 2014-15 revealed much alike

DAMODAR MANGALJI & COMPANY LIMITED,PANAJI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 1(1), PANAJI

Appeals stands DISMISSED

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshaliita Nos. 034 & 035/Pan/2025 Assessment Year : 2011-12 & 2014-15 Damodar Mangalji & Company Ltd. Damodar Niwas, 1St Floor, Mc Road, Panaji, Goa-403001. Pan : Aaacd6880G . . . . . . . Appellant V/S Jt./Asstt. Commissioner Of Income Tax, Range-1/Circle-1(1), Goa. . . . . . . . Respondent Appearances Assessee By : Adv Rahul Sarda [‘Ld. Ar’] Revenue By : Mr M Satish [‘Ld. Dr’] Date Of Conclusive Hearing : 20/11/2025 Date Of Pronouncement : 18/12/2025 Order Per G. D. Padmahshali; The Captioned Twin Appeals Of Assessee Instituted U/S 253(1) Of The Income-Tax Act, 1961 [‘The Act’] Are Directed Against Separate Din & Order 1070138041(1) Dt. 08/11/2024 & 1070321994(1) Dt. 13/11/2024 Passed U/S 250 Of The Act By National Faceless Appeal Centre, Delhi [‘Ld. Nfac/Cit(A)’] Which Sprang From Assessment Orders Passed U/S 143(3) Of The Act Anent To Assessment Years 2011-12 & 2014-15 [‘Ay’].

disallowances. Finding appellant being indifferent, the Ld. NFAC vide para 4.5 advanced ex-parte on merits and upheld the disallowance/addition by a reasoned order. ITAT-Panaji Page 17 of 32 Damodar Mangalji & Company Ltd. Vs JCIT/ACIT ITA Nos.034 & 035/PAN/2025 AY: 2011-12 & 2014-15 20. The perusal of case record of impugned proceedings for AY 2014-15 revealed much alike

SHREE AMBEY FORGING PRIVAT LIMITED,PANAJI vs. ITO, WARD - (4), PANAJI

In the result, both appeals of the assessee are allowed

natural justice. If the AO decides in the said order that the transaction in question needs to be referred to the TPO, he should make a reference after obtaining the approval of the PCIT or CIT. 3.5 In addition to the cases to be referred as per paragraphs 3.2 and 3.3, a case involving a transfer pricing adjustment

SCORPIO IRON LTD,PANAJI vs. ITO, WARD - 1(4), PANAJI

In the result, both appeals of the assessee are allowed

natural justice. If the AO decides in the said order that the transaction in question needs to be referred to the TPO, he should make a reference after obtaining the approval of the PCIT or CIT. 3.5 In addition to the cases to be referred as per paragraphs 3.2 and 3.3, a case involving a transfer pricing adjustment

THE OMKAR URBAN CO-OPERATIVE CREDIT SOCIETY LIMITED,BELAGAVI vs. INCOME TAX OFFICER, WARD - 1, BELAGAVI

The appeal is ALLOWED FOR STATISTICAL PURPOSE in aforestated terms

Bench: Shri Partha Sarathi Chaudhury & Shri G. D. Padmahshali(Through Virtual Hearing From Pune) आयकर अपऩल सं. / Ita No. 84/Pan/2022 निर्धारण वषा / Assessment Year : 2017-18 The Omkar Urban Co-Op. Cr. Society Ltd. A/P. : Kangral (Bk.), Belagavi. Pan: Aaaat3508P . . . . . . . अपीलार्थी / Appellant

natural justice. 3. Because, the learned Assessing Officer has passed the best judgement assessment under section 144 of the Income Tax Act, without giving proper opportunity to the Appellant, the said order of the Assessing Officer is bad in law and needs to be set aside ITAT-Panaji Page 2 of 6 The Omkar Urban Co-op. Cr. Society

SHRI LOKESHWAR CO-OPERATIVE CREDIT SOCIETY NIYAMIT,LOKAPUR vs. INCOME TAX OFFICER, WARD - 1 & TPS, BAGALKOT

In the result, stay application of the assessee is dismissed as withdrawn and that the appeal stands allowed for statistical purposes

Bench: Shri Partha Sarathi Chaudhury & Shri G.D. Padmahshali(Through Virtual Hearing) S.A.No. 05/Pan/2023 & Shri Lokeshwar Co-Operative Vs Ito, Ward-1 & Tps, Credit Society Niyamit Bagalkot. Lokapur, Tq. Mudhol, Dist. Bagalkot Pan: Aaals 2253 H Appellant Respondent Assessee By : Shri Saidappa Gadadi, Ca Revenue By : Shri N. Shrikanth, Dr Date Of Hearing : 14/08/2023 Date Of Pronouncement : 21/08/2023 O R D E R Per Partha Sarathi Chaudhury, Jm: The Stay Application & The Appeal Preferred By The Assessee Emanates From The Order Of National Faceless Appeal Centre [Nfac], Delhi, Dated 23.02.2023 For A.Y.2013-14 As Per The Grounds Of Appeal On Record.

disallowing the same, order was passed u/sec. 143(3). Aggrieved by the action of the AO, the assessee filed an application u/sec. 154 which was also rejected. Aggrieved, assessee filed the appeal before the NFAC with a delay of 83 days. The NFAC had dismissed the appeal of the assessee on the ground of limitation i.e. 83 days delay

KRISHNA PLANTATIONS PVT. LTD,MARGAO vs. ASSESSMENT UNIT - INCOME TAX DEPARTMENT, DELHI

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

Bench: Shri Pavan Kumar Gadale & Shri G D Padmahshalii T A. Nos.199/Pan/2023 (A.Y. 2020-21) Krishna Plantations Pvt Ltd, Vs National Faceless 15/1452,Nanuhouse, Varde Assessment Centre, . Valaulikar Road, 2 Floor, F-Ramp, Margoa-403601, Jawaharlal Nehru Goa. Stadium, New Delhi-110003 Pan/Gir No. Aaack6885G (अपीलाथ"/Appellant) (""यथ"/Respondent) Assessee By Smt.Bhavya Goyal.Ar Revenue By Shri.Ravindra Hattalli Sr.Dr सुनवाई क" तार"ख/Date Of Hearing 20.03.2025 घोषणा क" तार"ख/Date Of Pronouncement 08.05.2025 Order Per Pavan Kumar Gadale ,Jm: The Assesse Has Filed The Appeal Against The Order Of The Nfac/Cit(A) Delhi Passed U/Sec143(3) & U/Sec 250 Of The Act. The Assesse Has Raised The Grounds Of Appeal Challenging The Order Of The Cit(A) Sustaining The Addition Made By The Assessing Officer. 2. At The Time Of Hearing, The Ld.Ar Has Not Pressed The Ground Of Appealno.1 & Made Endorsement; Accordingly This Ground Of Appeal Is Treated As Withdrawn & Is Dismissed.

disallowance of expenditure under various heads aggregating to Rs.21,62,039/-for the want of supporting evidences and passed the order u/sec143(3) r.w.s144Bof the Act dated 27.09.2022. Therefore, we considering the facts, circumstances, date of show cause notice, reply of the assesse and passing of assessment order on 27-09-2022 and the principles of natural justice

PENTAIR WATER INDIA PRIVATE LIMITED,VERNA vs. JCIT, MARGAO RANGE, 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) Pentair Water India Pvt. Ltd., Vs Jcit, Margao Range, L-52-55, Verna Industrial Margao, Goa. Estate, Phase-Ii, Verna, Salcette, Goa. Pan: Aabcs 8856 L Appellant Respondent Assessee By : Shri Rakesh Agrawal, Fca Revenue By : Shri N. Shrikanth, Dr Date Of Hearing : 16/08/2023 Date Of Pronouncement : 22/08/2023 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 16.03.2020 For A.Y.2009-10 As Per The Grounds Of Appeal On Record.

natural justice and come out with speaking order dealing with the submissions placed on record by the assessee and whether there is any issue of double taxation involved, in case in the relevant assessment year, the amount is disallowed

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

nature the Ld. DR further stated ITAT-Panaji Page 11 of 20 M/s Sova Vs PCIT ITA No. 024/PAN/2024 AY: 2018-19 that, the direction dilated at para 8 of the impugned order was with a view to ensure that the assessee shouldn’t on one hand get expenditure capitalised for claiming depreciation and on other hand claim them doubly

SHRI ADINATH MULTIPURPOSE,BELAGAVI vs. INCOME TAX OFFICER, WARD - 1, GOKAK

In the result, the two appeals filed by the assessee are allowed for statistical purpose

Bench: SHRI PAVAN KUMAR GADALE (Judicial Member), SHRI G D PADMAHSHALI (Accountant Member)

disallowances by the A.O and there could be various reasons for non appearance which cannot be overruled.Therefore, considering the principles of natural justice

SHRI ADINATH MULTIPURPOSE,BELAGAVI vs. INCOME TAX OFFICER, WARD - 1, GOKAK

In the result, the two appeals filed by the assessee are allowed for statistical purpose

Bench: SHRI PAVAN KUMAR GADALE (Judicial Member), SHRI G D PADMAHSHALI (Accountant Member)

disallowances by the A.O and there could be various reasons for non appearance which cannot be overruled.Therefore, considering the principles of natural justice

SHRI RENUKA CO-OPERATIVE CREDIT SOCIETY LTD,BELGAVI vs. ASSESSMENT UNIT, INCOME TAX DEPARTMENT, DELHI

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

Bench: Shri Pavan Kumar Gadale & Shri G D Padmahshalii T A. Nos. 64/Pan/2025 (A.Y. 2020-21) Shri Renuka Co-Operative Vs National Face Less Credit Society Limited, Assessment Centre, . Hotel Keerti Campus, Nfac, P.B.Road, Delhi. Belgaum-590001, . Karnataka. Pan/Gir No. Aabas0671B (अपीलाथ"/Appellant) (""यथ"/Respondent)

disallowances by the A.O and there could be various reasons for non appearance which cannot be overruled. Therefore, considering the principles of natural justice

THE ADARSH MULTIPURPOSE CO-OPERATIVE SOCIETY,BELAGAVI vs. INCOME TAX OFFICER WARD 1-(2) , BELAGAVI, 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

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

natural justice, shall provide with one more opportunity of hearing to the assessee to substantiate the case with evidences and information. Accordingly, we set aside the order of the CIT(A) on this issue and remit the entire disputed issue to the file of the Assessing Officer to adjudicate afresh and the assesse should be provided adequate opportunity of hearing

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

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

natural justice, shall provide with one more opportunity of hearing to the assessee to substantiate the case with evidences and information. Accordingly, we set aside the order of the CIT(A) on this issue and remit the entire disputed issue to the file of the Assessing Officer to adjudicate afresh and the assesse should be provided adequate opportunity of hearing

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

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

natural justice, shall provide with one more opportunity of hearing to the assessee to substantiate the case with evidences and information. Accordingly, we set aside the order of the CIT(A) on this issue and remit the entire disputed issue to the file of the Assessing Officer to adjudicate afresh and the assesse should be provided adequate opportunity of hearing