THE DIRECTOR OF INCOME TAX vs. THE EXECUTIVE ENGINEER

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

270 litres of water per day from Cauvery River. In order to get the benefit of consultancy services of International Standards, the assessee floated global tenders and contract for Stage – I project was awarded to a Consortium, consisting of two companies and an agreement was executed on 29.11.1996 as per which maximum charges payable for consultancy services were Rs.19

SRI C M MAHADEVA S/O SRI MANCHE GOWDA vs. THE COMMISSIONER OF INCOME TAX

The appeal stands allowed

Bench: B.MANOHAR,VINEET SARAN

Reassessment made u/s 147 of the Act 1961 on 10.12.2007 for the Asst. year 2004-2005 was valid when the original Return of income involuntarily filed on 21.3.2007 remained undisposed of, when the proceedings u/s 147 were initiated on 27.9.2006? 2) Whether on the facts and in the circumstances of the case and in law, the Tribunal was right

THE COMMISSIONER OF INCOME TAX vs. ING VYSYA BANK LTD

In the result, this appeal is allowed in part,

Bench: B.MANOHAR,D.V.SHYLENDRA KUMAR

reassessment and if the finding of the Tribunal on this aspect is set aside, then the matter will have to be remanded to the Tribunal for recording a finding etc. 22. We have bestowed our attention to the submissions made at the Bar and have also examined the legal position in the wake of the statutory provisions of the Board