conduct further enquires to match every invoices vis-à-vis realization vide
FIRC's filedby the assessee and then pass an order fresh ... further pointed out that the payments realized as
the FIRCs have the description that the payments were made to
the appellant as advances
conduct further enquires to match every invoices vis-à-vis realization vide
FIRC's filedby the assessee and then pass an order fresh ... further pointed out that the payments realized as
the FIRCs have the description that the payments were made to
the appellant as advances
Remittance Certificates
10 I.T.A. Nos. 1866 & 1867/Mds/12
(FIRC in short) only for a sum of ` 52,74,300/-, against total ... disallowed.
22. Before the CIT(Appeals), assessee claimed that it had FIRC for
the claim of ` 4,92,05,590/- received as export proceeds. Such
year with
reference to foreign services rendered and corresponding amount
deposited with FIRC noticed that the following invoices have already
been taken into account ... explained the numerical data by the following chart:-
Invoice Amount (INR) FIRC No. Amount (INR) Reasons
001/MTS/2010
foreign inward remittance towards equity, but subsequently on
the basis of corrected FIRCs claimed that it has received
contribution towards CCDs and paid interest. Therefore ... Before the
learned CIT(A), the assessee has filed corrected FIRCs issued
by Axis Bank, Madurai branch and claimed that it has received
amount towards
assessees have not produced any evidence
including Foreign Inward Remittance Certificate
(FIRC) to support the remittance of funds from
abroad.
(ii) The remittances have ... grounds, endorsing the findings of the
assessing authority:-
(i) No evidences including FIRC was produced.
(ii) No bank statement of Shri K.Ansari was produced
remittances was produced, which is as under:
Date of Transferor Remitting Recipient FIRC Amount
remittance Bank Bank DOC No. (INR)
1. 5/2/2006 SAUDI ... file (i) RBI clearance i.e. FIPB clearance and (ii)
original FIRC certificate. The assessee did not file the original FIRC
certificate but filed
Assistant Commissioner Of Income Tax, ... vs R K M Powergen Pvt. Ltd., Chennai on 6
Assistant Commissioner Of Income Tax, ... vs R K M Powergen Private Limited, T Nagar on
taken on record. The assessee has
filed its bank statements as well FIRC issued by its bankers as an
evidence. Thus, based on material
