regarding illicit payment made by various
suppliers as elaborately reported in the Volcker committee report. The
report gave detailed account of manipulation ... form of kickback. The information received from CBDT
based on Volcker committee report, the assessee has made ASSF
payment
connection with the
export sales of the assessee. Relying on the Volcker Committee Report
2
ITA Nos. 2611 & 2612/PUN/2012
Kirloskar Brothers Limited ... name appeared in the list of the persons
enlisted in the Volcker Committee Report (in short 'VCR'). Other names
appeared in the list
assessee had executed
the contract accordingly. On the basis of Volcker Committee report , the
CBDT vide letter dated 18.11.2005 informed the AO that ... basis of
said letter of CBDT and on referring to the Volcker Committee report, the
AO disallowed a sum of Rs.28,16,366/- claiming
company for
agriculture of Iraq for Ratol 80%.
The Table 7 of Volcker Committee is as under: (Figure in US $)
United Phosphorous ... said items is
genuinely business expenditure.
8. Relying upon the findings of Volcker Committee Report that
the assessee company paid "Kick Backs
company for
agriculture of Iraq for Ratol 80%.
The Table 7 of Volcker Committee is as under: (Figure in US $)
United Phosphorous ... said items is
genuinely business expenditure.
8. Relying upon the findings of Volcker Committee Report that
the assessee company paid "Kick Backs
company for
agriculture of Iraq for Ratol 80%.
The Table 7 of Volcker Committee is as under: (Figure in US $)
United Phosphorous ... said items is
genuinely business expenditure.
8. Relying upon the findings of Volcker Committee Report that
the assessee company paid "Kick Backs
company for
agriculture of Iraq for Ratol 80%.
The Table 7 of Volcker Committee is as under: (Figure in US $)
United Phosphorous ... said items is
genuinely business expenditure.
8. Relying upon the findings of Volcker Committee Report that
the assessee company paid "Kick Backs
orders and the papers appended, along with
the copy of Volcker Committee Report. The preamble of the Report
reads,
"SUMMARY OF REPORT
Today ... commission, included any part of illicit payment termed
as kickback in the Volcker Committee Report, on which basis, the
payment made to Dalala & Company
1426/Mum/2011
Security General appointed an independent Enquiry Committee (called Volcker
Committee) to investigate the administration and management of "Oil for Food ... Reliance Petroleum Ltd figured as one of the beneficiaries in Volcker
committee Report. It was stated that 19 million barrels of oil was allotted
irregular. Hence the UN Security General appointed an
independent Enquiry Committee (called Volcker Committee) to
investigate the administration and management of "Oil for Food ... Reliance Petroleum Ltd
figured as one of the beneficiaries in Volcker committee Report. It
was stated that 19 million barrels of oil was allotted
