GOURISH GOPINATH DESAI,UTTAR KANNADA vs. ITO -2, KARWAR, KARWAR

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri Pavan Kumar Gadalei T A. Nos. 284,285 & 286/Pan/2025 (A.Y.2014-15 ) Gourish Gopinath Desai, Vs Ito-Ward-2, Katgal Kumta, Aayakar Bhavan, . Uttar Kannada-581444, Karwar-581301, Karnataka. Karnataka. Pan No:Bfwpd9695E

section 68 of the Act(i)opening balance of Rs.10,29,558/- and (ii) similarly Rs.9,94,319/- and assessed

GOURISH GOPINATH DESAI,UTTAR KANNADA vs. ITO -2, KARWAR, KARWAR

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri Pavan Kumar Gadalei T A. Nos. 284,285 & 286/Pan/2025 (A.Y.2014-15 ) Gourish Gopinath Desai, Vs Ito-Ward-2, Katgal Kumta, Aayakar Bhavan, . Uttar Kannada-581444, Karwar-581301, Karnataka. Karnataka. Pan No:Bfwpd9695E

section 68 of the Act(i)opening balance of Rs.10,29,558/- and (ii) similarly Rs.9,94,319/- and assessed

GOURISH GOPINATH DESAI ,KARWAR vs. ITO -2, KARWAR , UTTARA KANNADA DISTRICT

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri Pavan Kumar Gadalei T A. Nos. 284,285 & 286/Pan/2025 (A.Y.2014-15 ) Gourish Gopinath Desai, Vs Ito-Ward-2, Katgal Kumta, Aayakar Bhavan, . Uttar Kannada-581444, Karwar-581301, Karnataka. Karnataka. Pan No:Bfwpd9695E

section 68 of the Act(i)opening balance of Rs.10,29,558/- and (ii) similarly Rs.9,94,319/- and assessed

NASALAPUR MAHILA PATTINA SAHAKARI SANGH NIYAMIT,RAIBAG vs. INCOME TAX OFFICER, WARD - 4, BELAGAVI

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri Pavan Kumar Gadale & Shri G D Padmahshalii T A. Nos.185/Pan/2024 (A.Y. 2017-18 ) Nasalapur Mahila Pattin Vs I.T.O Ward-4, Sahakari Sangh Niyamit, Civil Hospital Road, . Nasalapur, Belgaum-590001. Chikodi, Karnataka. Belgaum-591213, . Karnataka. Pan .No. Aacan5745N (अपीलाथ"/Appellant) (""यथ"/Respondent) Assessee By Shri.Chetan Chougle.Ar Revenue By Smt.Rijula Uniyal.Sr.Dr

section 68 of the Act and made addition of unexplained cash credits and assessed the total income of Rs.48,16,818/- and passed the order u/sec 143(3) of the Act dated 28.12.2019. 3 ITA. No.185/PAN/2024 Nasalapur Mahila Pattin Sahakari Sangh Niyamit. 4. Aggrieved by the order, the assessee has filed an appeal before the CIT(A), whereas

SCORPIO IRON LTD,PANAJI vs. ITO, WARD - 1(4), PANAJI

In the result, both appeals of the assessee are allowed

68,545/- based on the order of the AO-TP u/s 92CA of the Income Tax Act'1961, in spite of the fact that the assesse or their AE has not taken any benefit or exemption / deduction under the Income Tax Act. The Id AO(TP) and Dispute Resolution Panel-2, Bangalore, 4) has willfully ignored that the assesee

SHREE AMBEY FORGING PRIVAT LIMITED,PANAJI vs. ITO, WARD - (4), PANAJI

In the result, both appeals of the assessee are allowed

68,545/- based on the order of the AO-TP u/s 92CA of the Income Tax Act'1961, in spite of the fact that the assesse or their AE has not taken any benefit or exemption / deduction under the Income Tax Act. The Id AO(TP) and Dispute Resolution Panel-2, Bangalore, 4) has willfully ignored that the assesee

SALGAOCAR MINING INDUSTRIES PRIVATE LIMITED.,PANAJI vs. THE JOINT COMMISSIONER OF INCOME TAX, MARGAO RANGE., MARGAO

In the result, the appeal filed by the Revenue in ITA

Bench: SHRI INTURI RAMA RAO (Accountant Member), SHRI PARTHA SARATHI CHAUDHURY (Judicial Member)

29,620/-. Against the said return of income, the assessment was completed by the Joint Commissioner of Income Tax, Margao Range, Margao (‘the Assessing Officer’) vide order dated 24.03.2014 passed u/s 143(3) of the Income Tax Act, 1961 (‘the Act’) at a total income of Rs.201,87,55,957/-. While doing so, the Assessing Officer made addition of Rs.24

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, MARGAO., MARGAO vs. M/S SALGAONCAR MINING INDUSTRIES PVT. LTD., PANAJI

In the result, the appeal filed by the Revenue in ITA

Bench: SHRI INTURI RAMA RAO (Accountant Member), SHRI PARTHA SARATHI CHAUDHURY (Judicial Member)

29,620/-. Against the said return of income, the assessment was completed by the Joint Commissioner of Income Tax, Margao Range, Margao (‘the Assessing Officer’) vide order dated 24.03.2014 passed u/s 143(3) of the Income Tax Act, 1961 (‘the Act’) at a total income of Rs.201,87,55,957/-. While doing so, the Assessing Officer made addition of Rs.24

ACIT, CENTRAL CIRCLE, PANAJI vs. M/S SOCIADADE DE FOMENTO INDUSTRIAL P. LTD, MARGAO

In the result, the appeal of the assessee is partly allowed and that of the Revenue is dismissed

Bench: Shri Chandra Mohan Garg & Shri Girish Agrawal

68 ITR 585 c. Matheson Bosanquet Enterprises Ltd., Vs. DCIT (Mad) 316 ITR 375 V) Transaction in exchange traded derivatives - life of short duration and they do not yield any income like dividend - Income can be derived only on their purchases and sales and so they are held only as stock-in-trade - Hence the income from such transactions

SOCIEADADE DE FOMENTO INDL. PVT. LTD.,MARGAO vs. JOINT COMMISSIONER OF INCOME TAX, MARGAO RANGE, MARGAO

In the result, the appeal of the assessee is partly allowed and that of the Revenue is dismissed

Bench: Shri Chandra Mohan Garg & Shri Girish Agrawal

68 ITR 585 c. Matheson Bosanquet Enterprises Ltd., Vs. DCIT (Mad) 316 ITR 375 V) Transaction in exchange traded derivatives - life of short duration and they do not yield any income like dividend - Income can be derived only on their purchases and sales and so they are held only as stock-in-trade - Hence the income from such transactions

VPK URBAN CO-OPERATIVE CREDIT SOCIETY,MARDOL, PONDA vs. DCIT/ACIT, NEAC, DELHI

In the result, the appeal filed by the revenue is dismissed and twenty eight appeals filed by the assessee are partly allowed for statistical purpose in aforestated terms

Bench: Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

29 252/PAN/2024 2015-16 AAJV0180G op Credit Ward -2(4), Panaji Kamat Society Page 3 of 36 Akshaya Co-Op credit society Limited & others. द्वारा / Represented Assessee by: Counsels as per the cause title. AR’s Revenue by: Ms. Rijula Uniyal, Sr. DR Date of Hearing: 13/11/2025 Date of Pronouncement: 28/11/2025 आदेश/ORDER PER BENCH: Of these twenty nine appeals

THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(1), PANAJI, AYAKAR BHAWAN vs. VPK URBAN COOPERATIVE CREDIT SOCIETY , VPK BHAWAN

In the result, the appeal filed by the revenue is dismissed and twenty eight appeals filed by the assessee are partly allowed for statistical purpose in aforestated terms

Bench: Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

29 252/PAN/2024 2015-16 AAJV0180G op Credit Ward -2(4), Panaji Kamat Society Page 3 of 36 Akshaya Co-Op credit society Limited & others. द्वारा / Represented Assessee by: Counsels as per the cause title. AR’s Revenue by: Ms. Rijula Uniyal, Sr. DR Date of Hearing: 13/11/2025 Date of Pronouncement: 28/11/2025 आदेश/ORDER PER BENCH: Of these twenty nine appeals

SHREE BASVANNA MAHADEV CO-OPERATIVE CREDIT SOCIETY LIMITED,BELAGAVI vs. INCOME TAX OFFICER WARD 6, BELGAUM

In the result, the appeal filed by the revenue is dismissed and twenty eight appeals filed by the assessee are partly allowed for statistical purpose in aforestated terms

Bench: Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

29 252/PAN/2024 2015-16 AAJV0180G op Credit Ward -2(4), Panaji Kamat Society Page 3 of 36 Akshaya Co-Op credit society Limited & others. द्वारा / Represented Assessee by: Counsels as per the cause title. AR’s Revenue by: Ms. Rijula Uniyal, Sr. DR Date of Hearing: 13/11/2025 Date of Pronouncement: 28/11/2025 आदेश/ORDER PER BENCH: Of these twenty nine appeals

VIVIDODDSHESHA PRATHAMIK GRAMEEN KRUSHI SAHAKARI SANGH NIYAMIT SOUDATTI,SOUDATTI vs. INCOME TAX OFFICER WARD-4, BELGAUM, BELGAUM

In the result, the appeal filed by the revenue is dismissed and twenty eight appeals filed by the assessee are partly allowed for statistical purpose in aforestated terms

Bench: Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

29 252/PAN/2024 2015-16 AAJV0180G op Credit Ward -2(4), Panaji Kamat Society Page 3 of 36 Akshaya Co-Op credit society Limited & others. द्वारा / Represented Assessee by: Counsels as per the cause title. AR’s Revenue by: Ms. Rijula Uniyal, Sr. DR Date of Hearing: 13/11/2025 Date of Pronouncement: 28/11/2025 आदेश/ORDER PER BENCH: Of these twenty nine appeals

HAVYAKA CREDIT SOUHARDA SAHAKARI NIYAMITA,KUMTA vs. INCOME TAX OFFICER, KARWAR

In the result, the appeal filed by the revenue is dismissed and twenty eight appeals filed by the assessee are partly allowed for statistical purpose in aforestated terms

Bench: Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

29 252/PAN/2024 2015-16 AAJV0180G op Credit Ward -2(4), Panaji Kamat Society Page 3 of 36 Akshaya Co-Op credit society Limited & others. द्वारा / Represented Assessee by: Counsels as per the cause title. AR’s Revenue by: Ms. Rijula Uniyal, Sr. DR Date of Hearing: 13/11/2025 Date of Pronouncement: 28/11/2025 आदेश/ORDER PER BENCH: Of these twenty nine appeals

SHRI JAI JINENDRA CREDIT SOUHARDA SAHAKARI LIMITED,BELAGAVI vs. INCOME TAX OFFICER WARD 1 NIPANI, BELAGAVI

In the result, the appeal filed by the revenue is dismissed and twenty eight appeals filed by the assessee are partly allowed for statistical purpose in aforestated terms

Bench: Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

29 252/PAN/2024 2015-16 AAJV0180G op Credit Ward -2(4), Panaji Kamat Society Page 3 of 36 Akshaya Co-Op credit society Limited & others. द्वारा / Represented Assessee by: Counsels as per the cause title. AR’s Revenue by: Ms. Rijula Uniyal, Sr. DR Date of Hearing: 13/11/2025 Date of Pronouncement: 28/11/2025 आदेश/ORDER PER BENCH: Of these twenty nine appeals

SHRI JAI JINENDRA SOUHARDA SAHAKARI SANGH NIYAMIT,BELAGAVI vs. NATIONAL E ASSESSMENT CENTRE, BELAGAVI

In the result, the appeal filed by the revenue is dismissed and twenty eight appeals filed by the assessee are partly allowed for statistical purpose in aforestated terms

Bench: Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

29 252/PAN/2024 2015-16 AAJV0180G op Credit Ward -2(4), Panaji Kamat Society Page 3 of 36 Akshaya Co-Op credit society Limited & others. द्वारा / Represented Assessee by: Counsels as per the cause title. AR’s Revenue by: Ms. Rijula Uniyal, Sr. DR Date of Hearing: 13/11/2025 Date of Pronouncement: 28/11/2025 आदेश/ORDER PER BENCH: Of these twenty nine appeals

VARDHAMAN URBAN CO-OP CREDIT SOCIETY LTD,BELGAUM vs. INCOME TAX OFFICER WARD 4 BELGAUM, BELGAUM

In the result, the appeal filed by the revenue is dismissed and twenty eight appeals filed by the assessee are partly allowed for statistical purpose in aforestated terms

Bench: Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

29 252/PAN/2024 2015-16 AAJV0180G op Credit Ward -2(4), Panaji Kamat Society Page 3 of 36 Akshaya Co-Op credit society Limited & others. द्वारा / Represented Assessee by: Counsels as per the cause title. AR’s Revenue by: Ms. Rijula Uniyal, Sr. DR Date of Hearing: 13/11/2025 Date of Pronouncement: 28/11/2025 आदेश/ORDER PER BENCH: Of these twenty nine appeals

HAVYAKA CREDIT SOUHARDA SAHAKARI NIYAMITA,KUMTA vs. INCOME TAX OFFICER WARD-2 KARWAR, KARWAR

In the result, the appeal filed by the revenue is dismissed and twenty eight appeals filed by the assessee are partly allowed for statistical purpose in aforestated terms

Bench: Shri Pavan Kumar Gadale & Shri G. D. Padmahshali

29 252/PAN/2024 2015-16 AAJV0180G op Credit Ward -2(4), Panaji Kamat Society Page 3 of 36 Akshaya Co-Op credit society Limited & others. द्वारा / Represented Assessee by: Counsels as per the cause title. AR’s Revenue by: Ms. Rijula Uniyal, Sr. DR Date of Hearing: 13/11/2025 Date of Pronouncement: 28/11/2025 आदेश/ORDER PER BENCH: Of these twenty nine appeals