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Sara Services & Engineers Pvt. Ltd., New ... vs Acit, New Delhi on 18 January, 2016

Dcit, New Delhi vs M/S. Sara Services & Enginners Pvt. ... on 18 January, 2016

Obtaining payment through Bank against LC 4.3.2 The authorities below, citing the Volcker Committee Report which reported that illicit kickbacks and surcharges were paid ... assessee are either non genuine or are excessive or unreasonable. The Volcker Committee Report, cited by Revenue, had discussed about the utilization of money

also have paid commission on these sales. In view of Volcker's Committee Report, I have reasons to believe that the commission paid ... Cipla was involved in illicit payment made to Iraq Government, as per Volcker Report. It has been held by the coordinate Bench in Para

received an information from the CBDT on the basis of Volcker Committee appointed by the United Nations that the assessee company made illegal payment