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    Income Tax

    Sister concern since had a licence for importing the furnace...

    Assessee's Contractual Shift to Sister Concern Raises Questions Over Unexplained "Commission" for Import License Fulfillment.

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    Income TaxOctober 22, 2013Case LawsHC

    Sister concern since had a licence for importing the furnace oil, the assessee diverted its contractual obligation for averting the payment of damages, nothing comes on the record to explain as to how the sum termed as “commission“ for performing the contract obligation was needed to be paid to the sister concern. - HC

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