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9. Another allegation pertains to the Dalmia
Group investing around Rs.5000 crores by way of
capital expenditure on setting up cement
manufacturing facility and various part of the country
in "last 4 years". As the TEP was received in F.Y.2016-17
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W.P.(MD)Nos.19202, 19825 and 19826 of 2018
in the office of DGIT (Inv.), Mumbai therefore the
aforementioned "last 4 years" may be considered as,
from F.Y. 2012-13 to F.Y.2015-16. However as this is a
generalized allegation therefore only the specific issue
in this allegation may be looked into. The specific issue
in this allegation is that "Calcom Cement India Limited,
one of the subsidiary of DCBL awarded a contract for
mechanical erection and fabrication to Gannon
Dunkerley & Co Limited at a rate almost double of
market rate. Copy of contract awarded, copy of
comparable contract and a comparison chart is
attached as Annexure - D where contract of Rs.21
Crores has been given at Rs.43 Crores. On going
through the Annexure - E, of this TEP name of other
contractors were found, however as no specific or
incriminating information or amount of transaction is
present against these parties, hence information in
their case is generalized in nature hence does not
invite any further action at this stage only in case of
Gannon Dunkerley & Co Limited, the issue is specific.
Therefore, the contract awarded and payment received
by Gannon Dunkerley & Co Limited may be verified by
passing on the information to its jurisdictional
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W.P.(MD)Nos.19202, 19825 and 19826 of 2018
assessing officer to take an appropriate action under
the relevant section of I.T. Act, 1961.