made by the Assessing Officer by
disallowing the staff contract expenses.
4.1 The learned CIT(A) ignored the fact that the assessee neither
deducted ... appeal relates to disallowance of `9,70,525/- on
account of staff contract expenses. The AO noticed that the assessee debited
8 ITA no.4446
business of electrification of Government
department. For this, the assessee receives contracts/ tender from
Government and because of this kind of business, there are quite ... amount received from them/ sale-proceeds and the labour and contract
staff expenses. It is difficult to correlate the expenses from one month to
another
structure and not merely the
services of its qualified, professional engineers/staff. The contract between
the two parties is for work which clearly satisfies ... structure end not merely the
services of its qualified, professional engineers/staff. The contract between
rnc two panics is [or work which c tearly satisfies
Ion Trading India Private Limited, New ... vs Assessee on 7 December, 2015
IN THE INCOME
Spectris Technologies Pvt. Ltd. along with all data,
contracts, staff and non-competitive agreement. The data base given
the assessee a list of large number
disallowance of
Rs.1,50,000/- out of labour and contract staff expenses.
4. The Assessing Officer noted that assessee has claimed labour charges
contention that the contracts have
been carried out by independent teams under different contract
managers and contract engineers, the Ld. DR submitted that this
contention ... existing EPC Contracts of Stage-1, either as a new
separate contract package or as an addendum to the existing
contract. The contract conditions should
2016
(Assessment Year: 2012-13 to 2014-15)
contract, but for the purpose of executing the contract as per
the contrac tual stipulations ... depute
supervisory staff including qualified engineers not under a
contract for the supply of such staff, but as stated in the clause
itself by ensuring
each contract as against staff cost incurred
to date as a percentage of estimated staff cost for each contract. Accordingly,
the assessee company had reversed ... accounting by
considering only staff cost incurred to date as a percentage of estimated staff
cost for each contract to ascertain the percentage of completion
entering into contracts with Subscribers who wish to use Galileo International's CRS Services in the Market Region. Such contracts shall be consistent with ... Subscriber contracts entered into or renewed;
(c) a list of Subscriber contracts terminated or due to expire in the forthcoming year;
(d) staff training activities
