alleged that he was wrongly deprived of work by employment of debitable agency, so he was entitled to loss of profit on the balance work ... rightly rescinded and the respondent had rightly got completed work through debitable agency. The respondent had also claimed Rs. 2,33,800/-against the petitioner
risk and cost of the petitioner firm from any debitable agency. The petitioner was asked to remain present at the site ... contract was terminated for being awarded to other debitable agency at the risk and cost of the petitioner.
5. Apart from other objections raised
lakhs as managing agency remuneration. It, however, claimed, that the whole of Rs. 3.13 lakhs paid as managing agency remuneration was debitable to the Bombay ... profit earned in Karachi without any deduction of the managing agency remuneration debited in the accounts as relating to Karachi or the net figure after
work was done in the bridge by debitable agency. He, however, could not show from the Measurement Book, which was produced in the court, that ... deducted the excess amount which it had to pay to the debiting agency for getting the unfinished work done and completed,
it is not entitled
user-agencies to pay any interest. The user-agencies were not under any legal obligation to pay any interest. The assessee never debited that amount ... never legally due or claimable from the user-agencies ; and nothing had been debited to their account. However, even if it is treated
claimant abandoned the work and the Balance work was allotted to Debitable Agency for which extra cost of Rs. 3,24,014.80 was made
work out of the hands of the respondent for completion by another agency on extra cost to be borne by the respondent. The petitioner ... respondent and got completed unexecuted part of the work through debitabled agency in which extra expenditure was paid. The tribunal found that the respondent
user-agencies to pay any interest. The user agencies were not under any legal obligation to pay any interest. The assessee never debited that amount ... never legally due or claimable from the user agencies; and nothing had been debited to their account. However, even if it is treated
ought to have been followed by the Investigating
Agency before ordering debit freeze of the bank account of the
petitioner-company, that too after obtaining ... part of the investigating agency to
nomenclature the notice u/s 91 because the prosecuting
agency has the power to debit freeze an account even
liquidation. The payments made by the partners of the managing agency debited to the company in the accounts of the company have to be taken
