IN THE INCOME TAX APPELLATE TRIBUNAL, PANAJI BENCH, GOA BEFORE HON’BLE SHRI PAVAN KUMAR GADALE, JUDICIAL MEMBER AND SHRI G. D. PADMAHSHALI, ACCOUNTANT MEMBER ITA No. 038/PAN/2025 Assessment Years: 2013-14 Bandekar Brothers Pvt. Ltd.

Post Box No. 11, Suvarna Bandekar Bldg., Swatantra Path, Vasco-Da-Gama Goa-403802 PAN: AAACB5502B . . . . . . . Appellant V/s Asstt. Commissioner of Income Tax, Circle-2(1), Panaji, Goa. . . . . . . . Respondent Represented Assessee by: Mr Pramod & Mr Shriniwas Deshpande [‘Ld. AR’]

Revenue by: Mr M Satish & Mr Renga Rajan [‘Ld. DR’]

Date of conclusive Hearing : 12/01/2026 Date of Pronouncement : 11/02/2026

ORDER

PER G. D. PADMAHSHALI;

This assessee’s appeal filed u/s 253(1) of the Income- tax Act, 1961 [‘the Act’] impugns order dt. 27/12/2024 passed u/s 250 of the Act by National Faceless Appeal Centre, Delhi [‘Ld. NFAC’] which in turn arisen out of order dt. 28/03/2016 passed u/s 143(3) of the Act by ACIT, Circle-2(1), Panaji Goa [‘Ld.

AO’] anent to assessment year 2013-14.[‘AY’]

2. The sole & substantive grievance came for adjudication in this appeal revolves around determination of true nature, character & substance of stamp duty paid to the ‘Government of