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6 results for “reassessment”+ Section 48(2)clear

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Delhi1,497Mumbai1,468Bangalore493Chennai460Jaipur397Ahmedabad297Kolkata237Hyderabad206Chandigarh180Pune138Indore126Surat111Amritsar109Raipur106Visakhapatnam90Cochin64Rajkot64Karnataka47Patna45Cuttack44Telangana43Nagpur42Allahabad42Lucknow42Guwahati40Agra39Jodhpur32Dehradun20SC20Orissa7Panaji6Calcutta5Ranchi4Jabalpur3Rajasthan3Kerala2A.K. SIKRI ROHINTON FALI NARIMAN2Madhya Pradesh1J&K1Uttarakhand1Varanasi1

Key Topics

Section 143(3)7Section 2636Addition to Income6Section 253(2)5Section 2505Section 143(1)5Section 1325Section 133A5Section 1485Reassessment

GUALA CLOSURES (INDIA) PVT. LTD.,PANAJI vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX, PANAJI., SELECT CITY

Appeal is dismissed in above terms

ITA 205/PAN/2019[2012-13]Status: DisposedITAT Panaji13 Oct 2023AY 2012-13

Bench: Shri Satbeer Singh Godara & Dr. Dipak Ripote

For Appellant: Shri Ketan VedFor Respondent: Shri P.S. Shivshankar, CIT-DR
Section 143(3)Section 144(3)Section 144CSection 253Section 263Section 4

48,28,460/- including adjustment u/s 4 ITA.No.205/PAN./2019 92C on account of Payment of Management Fees of Rs.3,04,33,012/-. The assessee company filed objections before the Dispute Resolution Panel-2, Bengaluru, and the DRP vide its order dated 09.11.2016 confirmed the order of the TPO. Order u/s 143(3) r.w.s 144C(13) of the Income

5
TDS5
Survey u/s 133A5

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

ITA 175/PAN/2025[2018-19]Status: DisposedITAT Panaji18 Nov 2025AY 2018-19

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

For Appellant: Mr Pramod Vaidya [‘Ld. AR’]For Respondent: Mr M Satish [‘Ld. DR’]
Section 132Section 133ASection 138Section 143(1)Section 143(3)Section 147Section 148Section 246ASection 250Section 253(2)

2 of 16 M/s Potdar Brothers ITA Nos.175 to 177 & 179 to 180/PAN/2025 19 the assessee filed its return of income [‘ITR’ hereinafter] on 26/10/2018 declaring total income of ₹1,54,36,889/- which was summarily processed u/s 143(1) of the Act. 3.2 On Potdar Group of cases a search & seizure action u/s 132 of the Act on 08/11/2021

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

ITA 180/PAN/2025[2022-23]Status: DisposedITAT Panaji18 Nov 2025AY 2022-23

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

For Appellant: Mr Pramod Vaidya [‘Ld. AR’]For Respondent: Mr M Satish [‘Ld. DR’]
Section 132Section 133ASection 138Section 143(1)Section 143(3)Section 147Section 148Section 246ASection 250Section 253(2)

2 of 16 M/s Potdar Brothers ITA Nos.175 to 177 & 179 to 180/PAN/2025 19 the assessee filed its return of income [‘ITR’ hereinafter] on 26/10/2018 declaring total income of ₹1,54,36,889/- which was summarily processed u/s 143(1) of the Act. 3.2 On Potdar Group of cases a search & seizure action u/s 132 of the Act on 08/11/2021

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

ITA 176/PAN/2025[2019-20]Status: DisposedITAT Panaji18 Nov 2025AY 2019-20

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

For Appellant: Mr Pramod Vaidya [‘Ld. AR’]For Respondent: Mr M Satish [‘Ld. DR’]
Section 132Section 133ASection 138Section 143(1)Section 143(3)Section 147Section 148Section 246ASection 250Section 253(2)

2 of 16 M/s Potdar Brothers ITA Nos.175 to 177 & 179 to 180/PAN/2025 19 the assessee filed its return of income [‘ITR’ hereinafter] on 26/10/2018 declaring total income of ₹1,54,36,889/- which was summarily processed u/s 143(1) of the Act. 3.2 On Potdar Group of cases a search & seizure action u/s 132 of the Act on 08/11/2021

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

ITA 177/PAN/2025[2020-21]Status: DisposedITAT Panaji18 Nov 2025AY 2020-21

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

For Appellant: Mr Pramod Vaidya [‘Ld. AR’]For Respondent: Mr M Satish [‘Ld. DR’]
Section 132Section 133ASection 138Section 143(1)Section 143(3)Section 147Section 148Section 246ASection 250Section 253(2)

2 of 16 M/s Potdar Brothers ITA Nos.175 to 177 & 179 to 180/PAN/2025 19 the assessee filed its return of income [‘ITR’ hereinafter] on 26/10/2018 declaring total income of ₹1,54,36,889/- which was summarily processed u/s 143(1) of the Act. 3.2 On Potdar Group of cases a search & seizure action u/s 132 of the Act on 08/11/2021

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

ITA 179/PAN/2025[2021-22]Status: DisposedITAT Panaji18 Nov 2025AY 2021-22

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

For Appellant: Mr Pramod Vaidya [‘Ld. AR’]For Respondent: Mr M Satish [‘Ld. DR’]
Section 132Section 133ASection 138Section 143(1)Section 143(3)Section 147Section 148Section 246ASection 250Section 253(2)

2 of 16 M/s Potdar Brothers ITA Nos.175 to 177 & 179 to 180/PAN/2025 19 the assessee filed its return of income [‘ITR’ hereinafter] on 26/10/2018 declaring total income of ₹1,54,36,889/- which was summarily processed u/s 143(1) of the Act. 3.2 On Potdar Group of cases a search & seizure action u/s 132 of the Act on 08/11/2021