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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Sale of baggasses at lower rate than market rate to tis sister ...

Income Tax

July 7, 2015

Sale of baggasses at lower rate than market rate to tis sister concern - No material to record finding that market price of baggasse was ₹ 18/- throughout the year - it cannot be said that the agreement was not genuine or that price was fixed to suppress the turn over of sale and the resultant profits - no addition - HC

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