TaxTMI 
TaxTMI 
2007 (2) TMI 99
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.... 45 lakhs (2) Income from services rendered Rs. 1.42 crores 2. These were Balance Sheets for 1998-99, 1999-2000. During the Adjudication proceedings, the appellant stated that income was not received from services rendered to M/s. Innovative Textiles Pvt. Ltd., New Delhi in regard to certain exports of Textiles. It was the contention of the appe....
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....sp; Monitoring of delivery schedules from mills (d) Liaison with transporters used by mills for despatch of export material (e) Settlement of quality or shipment disputes with mills on behalf of customers. Alongwith above specific jobs all other matters relating to sourcing will be handled by your company and all expenditure incurred on correspondence, travel, communications and couriers etc. will be borne by your company. 3. Our company will be responsible for selling of material in overseas markets and will undertake following jobs: (a) All arrangements for selling of material in overseas markets and for opening of L/Cs for ....
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....tification or upgradation of any working system of any organization". 6. While all the above services are recognized in the statue as management consultancy, of the agreement between the parties, as made clear by the clauses already reproduced, is for collaboration. That collaboration is in relation to sourcing and export marketing of cotton yarns. Para 2 of the agreement lays down the responsibility of one party (the appellant) and Para 3 lays down the responsibility of the other party. It is clear that the appellant's responsibility are in the areas of handling matters related to sourcing of material for export from all the mills in India. Sub-clause (a) to (e) of Para 2 mentions In detail the components of that service. Para 4 of the ....