BRAGANZA AND FULARI VENTURES PRIVATE LIMITED,MAPUSA vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE - 2(1), PANAJI

In the result, the appeal is allowed

Bench: Shri R.S. Syal & Shri S.S.Viswanethra Raviआयकर अपीऱ सं. / Ita No.28/Pan/2022 निर्धारण वषा / Assessment Year : 2014-15 Braganza & Fulari Ventures Vs. Acit, Private Limited, Circle-2(1), 303-304, 3Rd Floor, Panaji B&F Habitat Building, Canca Parra Bypass, Ximer Bardez, Mapusa, Goa – 403507 Pan : Aaecb3628E Appellant Respondent

deductible. Additions made under both the limbs eventually give a foundation for imposition of penalty u/s.271(1)(c), subject to the fulfilment of requisite conditions of the section. One cannot say that disallowance of expenses has resulted into `concealment of income for furnishing of inaccurate particulars of income’. The third category created by the ld. CIT(A) does not find

UNION BANK OF INDIA,MUMBAI vs. DCIT, TDS CIRCLE, PANAJI, PANAJI

Appeals are DISMISSED

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

deduction of Tax the Act TDS (Defaulted) Ld. AO u/s 194A 1 2 3 4 5 6 7 (5+6) First Default 51,56,153 10,31,231 8,97,144 19,28,375 169/PAN/2025 2010-11 Second Default 2,17,24,095 43,44,819 37,79,976 81,24,795 First Default

UNION BANK OF INDIA,MUMBAI vs. DCIT, TDS CIRCLE, PANAJI, PANAJI

Appeals are DISMISSED

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

deduction of Tax the Act TDS (Defaulted) Ld. AO u/s 194A 1 2 3 4 5 6 7 (5+6) First Default 51,56,153 10,31,231 8,97,144 19,28,375 169/PAN/2025 2010-11 Second Default 2,17,24,095 43,44,819 37,79,976 81,24,795 First Default

UNION BANK OF INDIA,MUMBAI vs. DCIT, TDS CIRCLE, PANAJI, PANAJI

Appeals are DISMISSED

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

deduction of Tax the Act TDS (Defaulted) Ld. AO u/s 194A 1 2 3 4 5 6 7 (5+6) First Default 51,56,153 10,31,231 8,97,144 19,28,375 169/PAN/2025 2010-11 Second Default 2,17,24,095 43,44,819 37,79,976 81,24,795 First Default

JCIT, SPECIAL RANGE, PANAJI vs. M/S WALLACE PHARMACEUTICALS PVT. LTD, PANAJI

Bench: Shri Satbeer Singh Godara & Shri Inturi Rama Rao

271(1)(c) of the Income Tax Act, 1961 (in short "the Act"); respectively. Heard both the parties. Case files perused. 2 ITA.No.289 & 290/PAN./2019 2. The Revenue’s former appeal ITA.No.289/PAN./ 2019 for assessment year 2009-2010 raise the following substantive grounds : 1. “The order of CIT(A), Panaji-1 is bad in law ignoring the facts

JCIT, SPECIAL RANGE, PANAJI vs. M/S WALLACE PHARMACEUTICALS PVT. LTD, PANAJI

Bench: Shri Satbeer Singh Godara & Shri Inturi Rama Rao

271(1)(c) of the Income Tax Act, 1961 (in short "the Act"); respectively. Heard both the parties. Case files perused. 2 ITA.No.289 & 290/PAN./2019 2. The Revenue’s former appeal ITA.No.289/PAN./ 2019 for assessment year 2009-2010 raise the following substantive grounds : 1. “The order of CIT(A), Panaji-1 is bad in law ignoring the facts

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, PANAJI vs. M/S SALITHO ORES PVT. LTD, PANAJI

In the result, appeal of the assessee is allowed

Bench: Shri Inturi Rama Rao & Shri Partha Sarathi Chaudhury(Through Virtual Hearing) M/S. Salitho Ores Pvt. Ltd., Vs Acit, Circle-1, Salgaocar Bhavan, Altinho, Margao Panaji, Goa. Pan: Aabcs 8859 F Appellant Respondent

271. In light of the facts as discussed above an amount of Rs.105,77,75,066/-, as computed in the table in para 3.3.4 above is added to the total income of the assessee on account of suppression of sales value/under-invoicing. Penalty u/s 217 (1)(c) of the I. T. Act, 1961 for suppression of income and for furnishing inaccurate

M/S SALITHO ORES PRIVATE LIMITED,PANAJI vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE - M1, MARGAO

In the result, appeal of the assessee is allowed

Bench: Shri Inturi Rama Rao & Shri Partha Sarathi Chaudhury(Through Virtual Hearing) M/S. Salitho Ores Pvt. Ltd., Vs Acit, Circle-1, Salgaocar Bhavan, Altinho, Margao Panaji, Goa. Pan: Aabcs 8859 F Appellant Respondent

271. In light of the facts as discussed above an amount of Rs.105,77,75,066/-, as computed in the table in para 3.3.4 above is added to the total income of the assessee on account of suppression of sales value/under-invoicing. Penalty u/s 217 (1)(c) of the I. T. Act, 1961 for suppression of income and for furnishing inaccurate

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, PANAJI vs. M/S SALITHO ORES PVT. LTD, PANAJI

In the result, appeal of the assessee is allowed

Bench: Shri Inturi Rama Rao & Shri Partha Sarathi Chaudhury(Through Virtual Hearing) M/S. Salitho Ores Pvt. Ltd., Vs Acit, Circle-1, Salgaocar Bhavan, Altinho, Margao Panaji, Goa. Pan: Aabcs 8859 F Appellant Respondent

271. In light of the facts as discussed above an amount of Rs.105,77,75,066/-, as computed in the table in para 3.3.4 above is added to the total income of the assessee on account of suppression of sales value/under-invoicing. Penalty u/s 217 (1)(c) of the I. T. Act, 1961 for suppression of income and for furnishing inaccurate