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2013 (4) TMI 191 - HC - Income TaxProvisions of Section 40A - Addition on account of difference in rate of sale as compared to Sister & non-sister concerns - Held that:- The learned Tribunal has found that the sister concerns have paid tax at the rate of 33.6% as compared to 30.6% paid by the assessee - The provisions of Section 40-A of the Act could not have been invoked as no payment has been made to the sister concerns for any item of expenditure, which the assessee might have claimed as revenue expenditure - The Tribunal found that a tax payer can manage his affairs to reduce tax liability within the frame work of law and that the sale of goods at a lesser price to the sister concerns than to the non-sister concerns, does not violate any provision of law. - Decided against the revenue.
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