extract the same are called as overburden
charges or stripping costs. Subcontract was awarded by assessee company
to GVP E&C, which ... Pratap Reddy, the
Managing Director of the assessee company. The subcontracts were then
given to the employees of the assessee company. Mr. GV Pratap Reddy
submarine pipelines in the Mumbai High/Bassein/Heera Fields.
Leighton has further subcontracted a certain portion of work with
respect of work with respect ... stated that assessee was supposed to do the following
work under the subcontract:
"1. Mobilisation of marine spread and resources such as construction
equipment
Percentile 19.77
2.5 The Ld.TPO further noted that, the assessee excluded
subcontracting charges while computing its operating margins.
The Ld.TPO thus called upon ... year. It was further submitted before the Ld.TPO that, the said
subcontracting charges formed part of its total cost base, on
which the cost
facts that these contracts are nothing but
artificially arranged back to back subcontracts for inflating expenses
in the books of
3. Whether, on the facts ... back given
to Maganti Constructions and there was no rationale for giving subcontract
work to ABIL and Splendor Developers. Accordingly, he disallowed an
amount
made disallowance of bogus
purchases, bogus job works & labour charges,
subcontracts payments, unexplained cash credits of
loans and disallowance of interest on loans ... additions made in
respect of bogus purchases, job works, subcontract
works and labour expenses, addition of unsecured
loans and interest disallowance are without any
incriminating
SERVICES AND USE OF FACILITIES:
1.1 Time to time, ASUS will subcontract part of the work to
ASI that it has entered into with ... customer Invoice Amount.
1.2 Time to time, ASI will subcontract pant of the work that
it has entered into with its customers. When the main
SERVICES AND USE OF FACILITIES:
1.1 Time to time, ASUS will subcontract part of the work to
ASI that it has entered into with ... customer Invoice Amount.
1.2 Time to time, ASI will subcontract pant of the work that
it has entered into with its customers. When the main
SERVICES AND USE OF FACILITIES:
1.1 Time to time, ASUS will subcontract part of the work to
ASI that it has entered into with ... customer Invoice Amount.
1.2 Time to time, ASI will subcontract pant of the work that
it has entered into with its customers. When the main
SERVICES AND USE OF FACILITIES:
1.1 Time to time, ASUS will subcontract part of the work to
ASI that it has entered into with ... customer Invoice Amount.
1.2 Time to time, ASI will subcontract pant of the work that
it has entered into with its customers. When the main
SERVICES AND USE OF FACILITIES:
1.1 Time to time, ASUS will subcontract part of the work to
ASI that it has entered into with ... customer Invoice Amount.
1.2 Time to time, ASI will subcontract pant of the work that
it has entered into with its customers. When the main
