2015 (9) TMI 76

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....mit Nema, learned counsel ORDER As common questions of law and facts are involved in all these 4 appeals filed under Section 260-A of the Income Tax Act by the revenue, they are being disposed off by this common order except the fact that the assessment quarter are different, all other the facts and questions of law are identical. 2. A show cause notice was issued by the Assessing Officer....

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....ounds. Further appeal filed by the revenue having also being dismissed by ITAT, Jabalpur by the impugned order passed on 28/03/2014 this appeal by the revenue. It is the case of the revenue that as the contract in question is a composite contract in the nature of a works contract, the deduction under Section 201(1) and 201 (1A) was required and as the addition made on account of such statutory vio....

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....urchase contract for procurement of certain items on prices fixed from a foreign company and therefore in view of the law laid down by the Supreme Court in the case of GE India Technology Cen. (P) Ltd. Vs. Commissioner of Income Tax (2010) 193 TAXMAN 234 (SC) the appellate authorities have not committed any error. Shri Sumit Nema points out that under the misapprehension and misconception that the....

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....agreement was entered into by the assessee for the purchase of certain items vide quotation No.210.62 dated 04/05/2006 a purchases made from M/s Marine Power International, Dubai so also various other purchase contract similar in nature. This was not a composite contract, it was a simple purchase contract for purchase of certain items, all these purchase agreements were made for unit No.1 and are ....