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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Deletion of disallowance of trade discount - assessee Company ...


Court Deletes Disallowance of 2.5% Trade Discount to Sister Concern, Finds No Tax Evasion Intent.

May 7, 2014

Case Laws     Income Tax     HC

Deletion of disallowance of trade discount - assessee Company had arranged to give 2.5% discount to the sister concern - Such facility was also made available to others - there appears no attempt of evading the tax - HC

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