jurisdictional High Court in the case of IBC Knowledge Park (supra) and
Lancy Constructions Ltd. (supra), but we find that in those cases original
assessment ... jurisdictional High Court in the case of IBC Knowledge
Park (supra) and Lancy Constructions Ltd. (supra) would not apply. Since
the AO has noticed
Continental Constructions Ltd. v. CIT . The Supreme Court has held that:
Where a person employs an architect or an engineer to construct a house ... hardly be any doubt that service involving specialized knowledge, experience and skill in the field of constructional operations are 'technical service'.
Section
related to sub-contract
payments) without the knowledge of the Appellant (such as M/s Valmiki
Constructions, C. Ranganath, B. Pradeep Reddy, and P. ChowdaReddy
Bang/2017
i. CIT Vs. IBC Knowledge Park Pvt. Ltd. 136 DTR 65(Kar)
ii. CIT Vs. Lancy Constructions 237 Taxmann 728
iii. Order ... seized material.
12. In the case of CIT Vs. Lancy Constructions (supra), the Hon'ble High Court
has held that in the absence
KNOWLEDGE PARK LIMITED reported in 385 ITR 346
[Kar];
2) DIPAK JASHVANTLAL PANCHAL reported in 397 ITR 153 (Guj)
3) SAUMYA CONSTRUCTIONS PVT. LTD. reported ... KNOWLEDGE PARK LIMITED reported in 385 ITR 346
[Kar];
2) DIPAK JASHVANTLAL PANCHAL reported in 397 ITR 153 (Guj)
3) SAUMYA CONSTRUCTIONS PVT. LTD. reported
case of IBC Knowledge Park (supra), the High Court
held that 'Sale of construct property is not a sine qua non for
commencement
sale. It had
raised large loans the bank and developed a constructed are of
2,00,000 sq. ft. of commercial space though there ... since there was a dispute with the development partner, M/s.
IBC Knowledge Park. It is pertinent to note that with respect to this
property
learned Departmental Representative submitted that it is common
knowledge that these canals have been developed and constructed decades ago and
the assessee
Karnataka in the case of
Lancy Constructions reported in 383 ITR 168 [Kar] and IBC
Knowledge Park Limited reported
without any fresh incriminating seized
material coming to the Department's knowledge is not warranted under
the Act.
6.1.3 In this regard ... Karnataka High Court in the case of
CIT Vs Lancy Constructions in its order in ITA Nos.528 to 531 has held as
under
