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
observed as
under: "... As per intimation obtained from the ITD database, it was
found that the return of income
regards entries "ITS Details"
generated in the Income Tax database (ITD) dated 23.8.2010 containing
11 pages and 85 entries.
3. In response
Information based on Non-filter AIR data available on the ITD
system reveals that Sh. Harmeet Singh has deposited cash ... pertaining to AY 2008-09. Perusal of the database in
7
the ITD system shows that the assessee has not filed
Tribunal in Aztec Software & Technology
Services Ltd. vs. ACIT [2007] 107 ITD 141 [Bang] [SB] as
well as Mumbai Tribunal decision in the case ... ACIT vs.
Maersk Global Service Centre (1) Pvt. Ltd [2011] 133 ITD
543 [Mum] wherein while interpreting the Transfer Pricing
provisions, the courts have held
collected details of profits declared by the
comparable companies from Capitaline database and noticed that the average
industry margin was 12.80%. After making some adjustments ... placing reliance on the decision of Champion
Construction (5 ITD 495)(Mum), took the view that the Gross profit margin
should have been compared
The Dy. Cit, Circle-1(1)(2),, ... vs Cadila Healthcare Ltd.,, Ahmedabad on 3 March
Rain Cii Carbon (India) Limited, ... vs Dcit, Circle 3(1), Hyderabad on 26 April, 2017
M/S. At & T Global Network Services ... vs Dcit, New Delhi on 18 September
Dr. Reddy'S Laboratories Limited, Hyd, ... vs Acit, Circle-17(1), Hyderabad, ... on 28
