Section 17 - Transactions between related parties - Delhi Value Added Tax Act, 2004

17. Transactions between related parties .- If - (a) a registered dealer sells or gives goods to a related person; (b) the terms or conditions of the transaction have been influenced by the relationship; and (c) the related person had purchased the goods, the related person would not be entitled to a tax credit for the purchase, or the amount of the tax credit would be reduced under sub-section (3) of section 9 of this Act; the transaction shall be deemed to be a sale made by the registered dealer and the sale price of the goods shall be deemed to be their fair market value.