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
issued to FSPL was received back unserved
and as per ITD database that the company's
income and tax for various years were
ITD information, Rajesh Gupta (HUF) is having PAN:
AAGHR9262M address at 14, Sainik Farm, Lane C-3, Khanpur,
New Delhi. Further, as per ITD database
assessment
proceedings, the Assessing Officer noted from Form 26AS downloaded
from ITD database that the appellant received income in the nature of
contracts and commission
provisions of the Act.
Further, from the information available on ITD database, it is noticed that
the assessee has filed its return of income
Reasons for the belief that income had escaped assessment
As per ITD database and e-filing ITBA portal, return was filed till assessment year
regards entries "ITS Details"
generated in the Income Tax database (ITD) dated 23.8.2010 containing
11 pages and 85 entries.
3. In response
Based on the information received from the ITD
database, it was found that appellant has deposited an
amount of Rs. 32,01,000 in savings
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
Mckinsey and Co Inc vs Asst DIT (International
Taxation) (2006) 99 ITD 549(Mum) it was held by the
Tribunal that since make available technology ... taxable in India.
(d) Even payment made for access to a database on an
overseas server will not attract TDS as held
