observed that AIR information
was received from ITD database and the assessee was given the same to
reconcile it with its books of accounts ... assessee also submitted
that the data from ITD database may be incorrect or the parties may have
erroneously put wrong PAN and accordingly adding
sales and income figures of these investor entities as per their
ITD database details depict too meek a balance sheet to justify such huge fund
assessment proceedings based on the information received by the AO from ITD database, it
was found that substantial cash deposit
before him at the time of assessment.
According to AO, from ITD database the AO found that the assessee company had issued
paid up shares ... before
him at the time of assessment. According to AO, from ITD database he found that the
assessee company had issued paid up shares including
Ward - 6(4), Ahmedabad as per the
departmental ITD database. However, for initiation of proceeding u/s
158BD of the Act, as per provisions
during the assessment year under appeal
and on perusal of the ITD database, it was found that
2
ITA.No.5778/Del./2018
Shri
proceedings were initiated by the AO on the
information received from ITD database and that the cash deposits
of Rs.25,30,000/- had been
applying
15
ITA No.1663 & 1923/Mum/2015
Pangea3 Legal Database Systems Private Limited
Assessment Year-2010-11
the turnover filter has excluded this ... this tribunal in :
Sony India (P.) Ltd. v. Dy. CIT [2008] 114 ITD 448 (Delhi)
E-Gain Communication
assessee submits that the assessee
selected 19 comparable companies from Prowess database and the average
margin of comparable were 10.48%. The TPO accepted 11 comparables ... filter in case of Sony India (P) Ltd. 114 ITD 448,Wills
Processing Service (India) P. Ltd. 57 SOT 34 (URO) and in Tavant
Technologies
Ranbaxy Laboratories Ltd., Delhi vs Dcit, New Delhi on 5 September, 2019
IN THE INCOME
