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
Institutional
Investor (FII). The A.O noticed from the departments data base (ITD),
that assesse had not filed its return of income for assessment year ... observed from the data as per ITD database that the assesse had
entered into purchase and sale of equities on stock
exchanges/commodities exchanges, however
basis of verification of data available on the ITBA/ITD database. While the third
addition was made on the basis of the perusal of details ... search/post-survey enquiries, perusal
of information available on ITBA/ITD database or information already available
on record in terms of delayed payment of employee
placed in the file nor visible in the
online database, (ITD)(ITBA) for the assessment year 2009-10 & 2010-
11. It is evident from
regards entries "ITS Details"
generated in the Income Tax database (ITD) dated 23.8.2010 containing
11 pages and 85 entries.
3. In response
taxable
income of the assessee and as per information available on ITD
database, neither any appeal nor rectification application u/s 154 has
been filed ... income. The AO further stated that as per
information available on ITD database, neither any appeal nor any
rectification application u/s 154 has been
available at the address mentioned in the PAN database of the
ITD system. Further, on enquiry in the neighbourhood, it was found that the
said
Income Tax Act, 1961
As per the PAN database in the ITD System, the jurisdiction over the present
assessee is lying with this charge
dated 26th September 2000 has permitted both
products and services of legal database as eligible
information technology enabled products or services for grant
of deduction ... services provided by the assessee firm were rendered by use of
legal database created by the assessee firm over a period of
more than
315ITR150-AT),E-gain
indications Private Ltd(118 ITD 243)Mentor Graphics (Noida)Private Ltd(109 ITD
101),Dharampal Premchand Ltd(317 ITR 353), Vellore ... appropriate method(MAM),that it carried
out a search process on capitaline database for identifying the comparables,that the
search resulted into identification of eight
