VGM EXPORT,VASCO vs. JOINT COMMISSIONER OF INCOME TAX, MARGAO

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshaliita Nos. 114/Pan/2023 Assessment Year : 2010-11 Vgm Export Suvarn Bandekar Building, Swatantra Path, Vasco, Goa Pan : Aaafv6197P . . . . . . . Applicant V/S Joint Commissioner Of Income Tax, Margao Range, Margao. . . . . . . . Respondent Appearances Assessee By : Mr P B Deshpande [‘Ld. Ar’] Revenue By : Mr Ravindra Hattalli [‘Ld. Dr’] सुनवाई की तारीख / Date Of Conclusive Hearing : 20/02/2025 घोषणा की तारीख / Date Of Pronouncement : 25/02/2025

D. PADMAHSHALI; The captioned appeal of the assessee impugns DIN & Order ITBA/NFAC/S/250/2023-24/1052430696(1) dt. 24/07/2024 passed by the National Faceless Appeal Centre, Delhi [‘Ld. NFAC’ hereinafter] u/s 250 of the Income-tax Act, 1961 [‘the Act’ hereinafter] which in turn arisen out of order of assessment dt. 08/03/2013 passed u/s 143(3) of the Act by the Joint Commissioner

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

D. PADMAHSHALI, ACCOUNTANT MEMBER आयकर 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 बिधम / V/s. M/s. V. M. Salgaonkar & Brother Pvt. Ltd., Salgaonkar House, F.L. Gomes Road, Vasco Da Gama, Goa. PAN: AAACV 5950 B . . . . . . .प्रत्यर्थी / Respondent द्वधरध / Appearances

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

D. PADMAHSHALI, ACCOUNTANT MEMBER आयकर 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 बिधम / V/s. M/s. V. M. Salgaonkar & Brother Pvt. Ltd., Salgaonkar House, F.L. Gomes Road, Vasco Da Gama, Goa. PAN: AAACV 5950 B . . . . . . .प्रत्यर्थी / Respondent द्वधरध / Appearances

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

D. PADMAHSHALI, ACCOUNTANT MEMBER आयकर 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 बिधम / V/s. M/s. V. M. Salgaonkar & Brother Pvt. Ltd., Salgaonkar House, F.L. Gomes Road, Vasco Da Gama, Goa. PAN: AAACV 5950 B . . . . . . .प्रत्यर्थी / Respondent द्वधरध / Appearances