SOCIEADADE DE FOMENTO INDL. PVT. LTD.,MARGAO vs. JOINT COMMISSIONER OF INCOME TAX, MARGAO RANGE, MARGAO

In the result, the appeal of the assessee is partly allowed and that of the Revenue is dismissed

Bench: Shri Chandra Mohan Garg & Shri Girish Agrawal

253 (SC); (ii) CIT vs. Gopal Purohit, 336 ITR 287 (Bom); (iii) CIT vs. Vinay Mittal, (2012) 208 Taxman 106; (iv) Business Match Services (I) (P) Ltd. vs. DCIT, 43 ITR (T) 15 (Mumbai); (v) PCIT vs. Business Match Services (I) (P) Ltd. (2018) 100 taxmann.com 411 (Bombay); and (vi) PCIT vs. Viksit Engineering Ltd., (2018) 100 taxmann.com

ACIT, CENTRAL CIRCLE, PANAJI vs. M/S SOCIADADE DE FOMENTO INDUSTRIAL P. LTD, MARGAO

In the result, the appeal of the assessee is partly allowed and that of the Revenue is dismissed

Bench: Shri Chandra Mohan Garg & Shri Girish Agrawal

253 (SC); (ii) CIT vs. Gopal Purohit, 336 ITR 287 (Bom); (iii) CIT vs. Vinay Mittal, (2012) 208 Taxman 106; (iv) Business Match Services (I) (P) Ltd. vs. DCIT, 43 ITR (T) 15 (Mumbai); (v) PCIT vs. Business Match Services (I) (P) Ltd. (2018) 100 taxmann.com 411 (Bombay); and (vi) PCIT vs. Viksit Engineering Ltd., (2018) 100 taxmann.com

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’].

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

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’].

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

SHRI BHAGYALAXMI CO-OPERATIVE CREDIT SOCIETY LIMITED,MALLAPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CPC, BANGALURU

Appeals are ALLOWED

Bench: Shri Satbeer Singh Godara & Shri G. D. Padmahshali(Through Virtual Hearing From Pune) आयकर अपऩल सं. / Ita No. 001/Pan/2023 निर्धारण वषा / Assessment Year : 2018-19 Shri Bhagyalaxmi Co-Operative Credit Society Ltd., Mallapur, Pg Main Rd., Ghataprabha, Karnataka-591306 Pan: Aaaas5624D . . . . . . . अपीलार्थी / Appellant बिधम / V/S Dy. Commissioner Of Income Tax, Cpc, Bengaluru . . . . . . . प्रत्यर्थी / Respondent & आयकर अपऩल सं. / Ita No. 030/Pan/2023 निर्धारण वषा / Assessment Year : 2018-19 M/S Sangam Souharda Credit Sahakari Ltd., A/P. Galgali, Taluka-Bilgi, Dist.-Bagalkot-587117 Pan: Aaeas3685G . . . . . . . अपीलार्थी / Appellant बिधम / V/S Dy. Commissioner Of Income Tax, Cpc, Bengaluru . . . . . . . प्रत्यर्थी / Respondent द्वधरध / Appearances Assessee By : Mr Sateesh Nadagouda For Ita No. 001& None For Ita No. 030 [‘Ld. Ar’] Revenue By : Mr N. Shrikanth [‘Ld. Dr’] सुनवाई की तारीख / Date Of Conclusive Hearing : 07/08/2023 घोषणा की तारीख / Date Of Pronouncement : 01/09/2023 आदेश / Order Per G. D. Padmahshali, Am; These Two Appeals Of Different Assessee Are Instituted U/S 253(1) Of Income-Tax Act, 1961 [‘The Act’ Hereafter] Against Respective Orders Passed U/S 250 Of The Act By National Faceless Appeal Centre, Delhi [‘Nfac’ Hereafter] For Assessment Year 2018-19 [‘Ay’ Hereinafter].

D. PADMAHSHALI, AM; These two appeals of different assessee are instituted u/s 253(1) of Income-tax Act, 1961 [‘the Act’ hereafter] against respective orders passed u/s 250 of the Act by National Faceless Appeal Centre, Delhi [‘NFAC’ hereafter] for assessment year 2018-19 [‘AY’ hereinafter]. ITAT-Panaji Page 1 of 7 ITA No.001 & 030/PUN/2023 AY 2018-19 Belated Return

M/S SANGAM SOUHARD CREDIT SAHAKARI LIMITED,BAGALKOT vs. DCIT, CPC, BANGALORE

Appeals are ALLOWED

Bench: Shri Satbeer Singh Godara & Shri G. D. Padmahshali(Through Virtual Hearing From Pune) आयकर अपऩल सं. / Ita No. 001/Pan/2023 निर्धारण वषा / Assessment Year : 2018-19 Shri Bhagyalaxmi Co-Operative Credit Society Ltd., Mallapur, Pg Main Rd., Ghataprabha, Karnataka-591306 Pan: Aaaas5624D . . . . . . . अपीलार्थी / Appellant बिधम / V/S Dy. Commissioner Of Income Tax, Cpc, Bengaluru . . . . . . . प्रत्यर्थी / Respondent & आयकर अपऩल सं. / Ita No. 030/Pan/2023 निर्धारण वषा / Assessment Year : 2018-19 M/S Sangam Souharda Credit Sahakari Ltd., A/P. Galgali, Taluka-Bilgi, Dist.-Bagalkot-587117 Pan: Aaeas3685G . . . . . . . अपीलार्थी / Appellant बिधम / V/S Dy. Commissioner Of Income Tax, Cpc, Bengaluru . . . . . . . प्रत्यर्थी / Respondent द्वधरध / Appearances Assessee By : Mr Sateesh Nadagouda For Ita No. 001& None For Ita No. 030 [‘Ld. Ar’] Revenue By : Mr N. Shrikanth [‘Ld. Dr’] सुनवाई की तारीख / Date Of Conclusive Hearing : 07/08/2023 घोषणा की तारीख / Date Of Pronouncement : 01/09/2023 आदेश / Order Per G. D. Padmahshali, Am; These Two Appeals Of Different Assessee Are Instituted U/S 253(1) Of Income-Tax Act, 1961 [‘The Act’ Hereafter] Against Respective Orders Passed U/S 250 Of The Act By National Faceless Appeal Centre, Delhi [‘Nfac’ Hereafter] For Assessment Year 2018-19 [‘Ay’ Hereinafter].

D. PADMAHSHALI, AM; These two appeals of different assessee are instituted u/s 253(1) of Income-tax Act, 1961 [‘the Act’ hereafter] against respective orders passed u/s 250 of the Act by National Faceless Appeal Centre, Delhi [‘NFAC’ hereafter] for assessment year 2018-19 [‘AY’ hereinafter]. ITAT-Panaji Page 1 of 7 ITA No.001 & 030/PUN/2023 AY 2018-19 Belated Return

RAJA BHAT AND KUMUDA FOUNDATION,BELAGAVI vs. PR.COMMISSIONER OF INCOME TAX , BELAGAVI

The appeal of the assessee is ALLOWED

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshaliassessment Year : 2022-23 Raja Bhat & Kumuda Foundation Plot No. 4, Rs No1368, Kumudini, Sadashiv Nagar, Belgavi-590001 Pan:Aajcr6351B . . . . . . . Appellant

253(1) of the Income-tax Act, 1961 [for short ‘the Act’] by the assessee challenging order passed u/s 250 of the Act by the National Faceless Appeal Centre, Delhi [for short ‘Ld. CIT(A)/NFAC’] which in turn upheld the order of intimation passed u/s 143(1) of the Act by the Central Processing Centre, Bengaluru [for short

THE ORGAON URBAN CO-OPERATIVE CREDIT SOCIETY LIMITED,MARCELA vs. INCOME TAX OFFICER, WARD - 1(2), PANAJI

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshaliita Nos. 074/Pan/2025 Assessment Year : 2017-18 The Orgaon Urban Co-Operative Credit Society Limited. Devulwada, Mercela, Goa-403 107. Pan : Aaaat6227D . . . . . . . Appellant

253(1) of the Income-tax Act, 1961 [‘the Act’] challenges the DIN & orders ITBA/APL/S/250/2024-25/1073696310(1) dt. 25/02/2025 passed by the Addl./Jnt. Commissioner of Income Tax, Appeals-1, Visakhapatnam [‘Ld. CIT(A)’] u/s 250 of which in turn arose out of order of assessment passed u/s 143(3) of the Act by the Income Tax Officer, Ward

GOA P W D STAFF CO OP CREDIT SOCIETY LIMITED,PANAJI vs. INCOME TAX OFFICER, WARD-1(1) PANAJI GOA, PANAJI

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshaliita Nos. 107/Pan/2025 Assessment Year : 2017-18 Goa Pwd Staff Co-Operative Credit Society Limited. Pwd New Building, Altinho, Panaji Goa-403 001. Pan : Aabag5329G . . . . . . . Appellant

253(1) of the Income-tax Act, 1961 [‘the Act’] challenges the DIN & orders ITBA/APL/S/250/2024-25/1073747642(1) dt. 26/02/2025 passed by the Addl./Jnt. Commissioner of Income Tax, Appeals-2, Ahmedabad [‘Ld. CIT(A)’] u/s 250 of which in turn arose out of order of assessment passed u/s 143(3) of the Act by the Income Tax Officer, Ward

ZUARI MANAGEMENT SERVICES LTD.,GOA vs. DEPUTY COMMISIONER OF INCOME-TAX, CIRCLE - 1, MARGAO

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshaliassessment Years: 2009-10 M/S Zuari Management Services Ltd. (Erstwhile Zuari Infrastructure & Developers Ltd., Formerly Zuari Sez Ltd.) Jai Kisaan Nagar, Zuari Nagar, Goa. Pan: Aaacz2903Q . . . . . . . Appellant V/S Dy. Commissioner Of Income Tax, Circle-1, Margao, Goa. . . . . . . . Respondent Represented Assessee By: Mr Salil Kapoor [‘Ld. Ar’] Revenue By: Mr Senthil Kumar N [‘Ld. Dr’] Date Of Conclusive Hearing : 29/01/2026 Date Of Pronouncement : 06/02/2026 Order Per G. D. Padmahshali; This Assessee’S Appeal Filed U/S 253(1) Of The Income-

D. PADMAHSHALI; This assessee’s appeal filed u/s 253(1) of the Income- tax Act, 1961 [‘the Act’] impugns the order dt. 25/02/2020 passed u/s 250 of the Act by Commissioner of Income Tax(Appeals-1), Panaji [‘Ld. CIT(A)’] which sprung out of order dt. 18/02/2015 passed u/s 143(3) r.w.s. 263 of the Act by DCIT, Circle

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

253(1)(a) of the Act with following grounds; “1. The Learned Commissioner of Income Tax Appeals has erred in confirming the disallowance of additional depreciation on certain items of plant and machinery holding that the same do not qualify as plant and were purchased in the previous year. Your appellant contends that the items are part of the factory

MAHADEV MALLAPPA ATAR,BELAGAVI vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 1, BELAGAVI

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshaliita Nos. 014/Pan/2024 Assessment Year : 2013-14 Mahadev Mallappa Atar Pwd Contractor, Katkol, Ramdurg, Dist. Balgavi-591114 Pan:Abxpa7467P . . . . . . . Appellant

253(1) of the Act. ITAT-Panaji Page 1 of 4 Mahadev Mallappa Atar Vs ITO ITA Nos.14/PAN/2024 AY: 2013-14 2. The case was called twice, none appeared at the behest of the appellant nor the records shows any application therefrom seeking or requesting for adjournment in the matter. On the primary briefing from the Ld. DR we deem

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’]

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

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

D. PADMAHSHALI; This appeal of the assessee instituted u/s 253(1) of the Income-tax Act, 1961 [‘the Act’ hereinafter] is directed against DIN & order No. ITBA/NFAC/S/250/2022-23/1043826990(1) dt. 13/07/2022 of National Faceless Appeal Centre [‘NFAC’ hereinafter] passed u/s 250 of the Act for assessment year 2017-18 [‘AY’ hereinafter] 2. Briefly stated facts of the case

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, BELAGAVI, BELAGAVI vs. M/S POTDAR BROTHERS, BELAGAVI

Appeals of the Revenue are PARTLY ALLOWED for statistical purposes in aforestated terms

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

D. PADMAHSHALI, ACCOUNTANT MEMBER Sr ITA No Assessment Year Appellant Respondent 1 175/PAN/2025 2018-19 2 176/PAN/2025 2019-20 M/s Potdar Brothers Dy./Asstt. Commissioner PAN : AABFP5440N of Income Tax, Central 3 177/PAN/2025 2020-21 3125, Khade Bazar, Circle, Belagavi Belagavi-590001. 4 179/PAN/2025 2021-22 5 180/PAN/2025 2022-23 Appearances Assessee by: Mr Pramod Vaidya [‘Ld. AR’] Revenue

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, BELAGAVI, BELAGAVI vs. M/S POTDAR BROTHERS, BELAGAVI

Appeals of the Revenue are PARTLY ALLOWED for statistical purposes in aforestated terms

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

D. PADMAHSHALI, ACCOUNTANT MEMBER Sr ITA No Assessment Year Appellant Respondent 1 175/PAN/2025 2018-19 2 176/PAN/2025 2019-20 M/s Potdar Brothers Dy./Asstt. Commissioner PAN : AABFP5440N of Income Tax, Central 3 177/PAN/2025 2020-21 3125, Khade Bazar, Circle, Belagavi Belagavi-590001. 4 179/PAN/2025 2021-22 5 180/PAN/2025 2022-23 Appearances Assessee by: Mr Pramod Vaidya [‘Ld. AR’] Revenue

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, BELAGAVI, BELAGAVI vs. M/S POTDAR BROTHERS, BELAGAVI

Appeals of the Revenue are PARTLY ALLOWED for statistical purposes in aforestated terms

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

D. PADMAHSHALI, ACCOUNTANT MEMBER Sr ITA No Assessment Year Appellant Respondent 1 175/PAN/2025 2018-19 2 176/PAN/2025 2019-20 M/s Potdar Brothers Dy./Asstt. Commissioner PAN : AABFP5440N of Income Tax, Central 3 177/PAN/2025 2020-21 3125, Khade Bazar, Circle, Belagavi Belagavi-590001. 4 179/PAN/2025 2021-22 5 180/PAN/2025 2022-23 Appearances Assessee by: Mr Pramod Vaidya [‘Ld. AR’] Revenue

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, BELAGAVI, BELAGAVI vs. M/S POTDAR BROTHERS, BELAGAVI

Appeals of the Revenue are PARTLY ALLOWED for statistical purposes in aforestated terms

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

D. PADMAHSHALI, ACCOUNTANT MEMBER Sr ITA No Assessment Year Appellant Respondent 1 175/PAN/2025 2018-19 2 176/PAN/2025 2019-20 M/s Potdar Brothers Dy./Asstt. Commissioner PAN : AABFP5440N of Income Tax, Central 3 177/PAN/2025 2020-21 3125, Khade Bazar, Circle, Belagavi Belagavi-590001. 4 179/PAN/2025 2021-22 5 180/PAN/2025 2022-23 Appearances Assessee by: Mr Pramod Vaidya [‘Ld. AR’] Revenue

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, BELAGAVI vs. M/S POTDAR BROTHERS, BELAGAVI

Appeals of the Revenue are PARTLY ALLOWED for statistical purposes in aforestated terms

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

D. PADMAHSHALI, ACCOUNTANT MEMBER Sr ITA No Assessment Year Appellant Respondent 1 175/PAN/2025 2018-19 2 176/PAN/2025 2019-20 M/s Potdar Brothers Dy./Asstt. Commissioner PAN : AABFP5440N of Income Tax, Central 3 177/PAN/2025 2020-21 3125, Khade Bazar, Circle, Belagavi Belagavi-590001. 4 179/PAN/2025 2021-22 5 180/PAN/2025 2022-23 Appearances Assessee by: Mr Pramod Vaidya [‘Ld. AR’] Revenue