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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Addition u/s 40A(2)(a) - trade discount allowed by the assessee ...


Section 40A(2)(a) Case: Trade Discounts to Sister Concerns Deemed Reasonable, No Disallowance Required.

May 3, 2016

Case Laws     Income Tax     AT

Addition u/s 40A(2)(a) - trade discount allowed by the assessee to its sister concerns - discount allowed to sister concerns were not unreasonable and cannot be excessive having regard to the market rate - AT

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