SHREE MALLIKARJUN SHIPPING PRIVATE LIMITED,VASCO vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - 1(1), PANAJI

reassessment proceedings u/sec147 of the Act and addition of unexplained money u/sec69A of the Act and the CIT(A)has granted

AMRARAM GOMAJI CHOWDHARY,NAVELIM vs. INCOME TAX OFFICER, WARD - 1, MARGAO

Bench: Hon’Ble Shri Pavan Kumar Gadale & Shri G. D. Padmahshaliita Nos. 117/Pan/2025 Assessment Year : 2018-19 Amraram Gomaji Chowdhary 457/C, Aquem Baixo, Firgulem, Navelim, Goa-403707. Pan : Aqjpc0124C . . . . . . . Appellant V/S Income Tax Officer, Ward-(1), Margao, Goa. . . . . . . . Respondent Appearances Assessee By : Mr Pradeep Kulkarni [‘Ld. Ar’] Revenue By : Ms Manju Thakur [‘Ld. Dr’] Date Of Conclusive Hearing : 26/08/2025 Date Of Pronouncement : 26/08/2025 Order Per G. D. Padmahshali; The Captioned Appeal Of The Appellant Assessee Impugns Din & Order Itba/Nfac/S/250/2024-25/1074431239(1) Dt. 12/03/2025 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. 29/02/2024 Passed U/S 147 R.W.S. 144B Of The Act By The National Faceless E-Asstt Centre [‘Ld. Ao’ Hereinafter] Anent To Assessment Year 2018-19 [‘Ay’ Hereinafter].

unexplained money u/s 69A of the Act. Aggrieved by the addition the assessee filed appeal u/s 246A of the Act before the Ld. NFAC who after partly satisfying with the explanation tendered allowed the assessee’s appeal partly by restricting the addition to ₹9,35,000/- as against entire cash deposits. ITAT-Panaji Page 2 of 6 Amraram Gomaji Chowdhary