machinery, as also the land. The valuation was obtained from M/s.ITCOT Consultancy Ltd., apart from private valuers. The valuation of ITCOT ... side. It may be stated that there were two valuation reports of ITCOT dated 02.07.2007 later on 13.07.2007. The auction was held on that basis
department, is capital in nature. Insofar as project appraisal fee paid to ITCOT is concerned, claim for revenue deduction was totally allowed, though one-tenth ... consider the issue of disallowance in respect of the amount paid to ITCOT towards integrated system package. The Tribunal failed to appreciate that Explanation
floor which position had been disputed by the defendant. This
court appointed ITCOT Constancy and Services Limited, a Structural
Engineer to inspect the property ... counsel for the defendant agrees
to this suggestion.
31. Accordingly, M/s.ITCOT Consultancy and Services Ltd. is appointed
as a Local Commissioner with
Arcade, August Keranti Marg,
Nana Chowk, Mumbai-400 036.
3.M/s.ITCOT Consultancy and Service Limited,
A company registered under the Companies Act ,
Having
Company Court ought not to have blindly accepted the report submitted by ITCOT and should have examined as to whether the valuation done
rejected on the ground that the petitioner has not produced the ITCOT Report.
3.This Court, by order dated 02.11.2006, remanded the matter for fresh ... consideration and the petitioner was directed to file the ITCOT Report along with the copy of the Court order and the 1st respondent was directed
Manager,
Indian Bank,
Ethiraj Salai Branch,
Ethiraj Salai, Chennai - 600 008,
4. ITCOT Consultancy and Services Ltd.,
No.50-A, Greams Road,
Chennai
