OUTOTEC (FINLAND) OY (NOW MERGED WITH "METSO MINERALS OY" AND THE MERGED ENTITY HAS BEEN RENAMED TO METSO OUTOTEC FINLAND OY),HARYANA vs. ACIT(INTERNATIONAL TAXATION), CIRCLE-2(1), KOLKATA, KOLKATA

In the result,both the appeals of the assessee are partly allowed

Bench: Shri Rajpal Yadav & Shri Girish Agrawal

271A and 271B of the Act. 3. Brief facts of the case are that assessee is incorporated in Finland and is a tax resident of the same. Assessee is a worldwide leader in providing innovative and environmentally sound solutions for a wide range of customers in metals processing industries. During the year under consideration, with regard to Indian projects, assessee

RUNGTA IRRIGATION LIMITED,NEW DELHI vs. D.C.I.T., CENTRAL CIRCLE - 3(1), KOLKATA

In the result, all the appeals of the assessee are allowed and all the appeals of the\nrevenue stand dismissed

271A, 271AAA, 271AAB and 271AAC etc. where the legislature has used the word\n\"may\" stated that the Assessing Officer may impose or forward penalty meaning thereby that\nlegislature has given a discretion to the Assessing Officer. The Ld. AR, therefore, prayed that\nthe literal rule of interpretation has to be followed for interpretation of the provisions of the\nAct

RUNGTA IRRIGATION LIMITED,DELHI vs. A.C.I.T., CENTRAL CIRCLE 3(1), KOLKATA

In the result, all the appeals of the assessee are allowed and all the appeals of the\nrevenue stand dismissed

271A, 271AAA, 271AAB and 271AAC etc. where the legislature has used the word\n\"may\" stated that the Assessing Officer may impose or forward penalty meaning thereby that\nlegislature has given a discretion to the Assessing Officer. The Ld. AR, therefore, prayed that\nthe literal rule of interpretation has to be followed for interpretation of the provisions of the\nAct