Gsb Capital Markets Ltd, Mumbai vs Ito (Tds) 1(4), Mumbai on 29 March, 2017
आयकर अपीलीय अिधकरण, मुं बई ायपीठ 'जी' मुंबई ... 7432/Mum/2014
(िनधा#रण वष# / Assessment Year: 2008-09)
GSB Capital Markets Ltd. बनाम/ Income Tax Officer (TDS)
78/80 Ali Chambers
present petition concerns the construction of a granular
sub-base („GSB‟) as described in bill of quantities („BOQ‟) 3.01. The said
BOQ item reads ... Page 1 of 12
"Constructing Granular Sub-base (GSB) using crushed stone
aggregate only conforming to Grading 1 of Table 400-1
complete
payable for a non-BOQ item i.e., Granular Sub-Base („GSB‟) for emergency
repairs and maintenance of shoulders and main carriageway ... dispute
that the work of the GSB was a non-BOQ item for which rates were not
specified elsewhere in the CA.
3. The genesis
Chandrakant D. Teravkar vs Manager, North Kanara Gsb Co-Op Bank ... on 20 January, 2017
Bench: Arun Mishra , Amitava Roy
ITEM NO.26 COURT ... Court of Bombay)
CHANDRAKANT D. TERAVKAR Petitioner(s)
VERSUS
MANAGER, NORTH KANARA GSB CO-OP BANK LTD. AND ANR. Respondent(s)
(With appln
Gsb Securities P. Ltd, Mumbai vs Ito (Tds) 1(4), Mumbai on 29 March, 2017
आयकर अपीलीय अिधकरण, मुं बई ायपीठ 'जी' मुंबई ... 7433/Mum/2014
(िनधा#रण वष# / Assessment Year: 2008-09)
GSB Securities Pvt. Ltd. बनाम/ Income Tax Officer (TDS)
78/80 Ali Chambers
towards the
balance payment for providing Granule Sub Base (GSB). It is
submitted that the respondent had paid towards 90% of the value for
providing ... GSB and the balance 10% had to be funded by the
petitioner. The petitioner was therefore entitled to refund of this 10%
amount once
claim
No.1.4 which related to payment of additional cost of GSB (Granular Sub
Base) and WMM (Wet Mix Macadam) in Profile Corrective Course ... profile
FAO(OS) 21/2017 Page 6 of 11
corrective course using GSB and WMM in certain stretches. However,
the payments were only made
Learned Assessing Officer has pointed out some
variations in rates of GSB purchased. GSB(Granular Sub Base
Material) is purchased from various sources in natural ... proportion so as to
meet the requirement of specification. The rate of GSB
depends on the percentage of course and fine aggregate which
further varies
with respect to 40 Creditors shown
under the head stone expenses (Gitti), GSB expenses and Hire Charges
and crane loader expenses on the basis ... Satya Narayan Nagar for stone purchase & Sh. Dev Karan for GSB
expense. Sh. Satyanarayan Nagar gave statements contradictory to the
assessee's version
Point and (Rupees Forty Two Lakhs
3 Guest Houses with 1 layer GSB grading I One Thousand) only
materials and 2 layers grading 3 stone
