In the result, the appeal of Revenue in ITA
Bench: Shri Rama Kanta Panda & Shri Laliet Kumar
271(1)(c) of the Act. Further, he submitted that the recent decision of the Tribunal in the case of NEC NCC Maytas JV (supra) had elaborately discussed various aspects of the matter and thereafter, had decided the issue in favour of the Revenue. 14. We have heard the rival submissions and perused the material available on record