KAMAT CONSTRUCTION PVT LTD,PANAJI vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 1(1), PANAJI

In the result the three appeals ITA

Bench: Shri Pavan Kumar Gadale & Shri Gd Padmahshalii T A. No.137,138,139&140/Pan/2023 (A.Y. 2007-08, 2009-10,2010-11&2011-12) Kamat Construction Pvt The Assistant Ltd., F/2, Indira Vs. Commissioner Of Apartments, Income Tax, Circle Caetanoalburquerque 1(1),Panaji, Road, Panaji, Goa-403001. Goa-403001. Pan.No. Aaack8135H (अपीलार्थी/Appellant) (प्रत्यर्थी/Respondent)

2(22)(e) of the Act on account of deemed dividend. As per the assessment order the penalty proceedings u/s 271(1) (C) of the Act was stated to be initiated. The assessee preferred as appeal against the order u/s 143(3) r.w.s. 153A of the Act before the Commissioner of Income Tax (Appeals)-1 against the impugned assessment order