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Income Tax - Highlights / Catch Notes

Home Highlights January 2016 Year 2016 This

Disallowance of discount on sale of car to various customers - ...


Court Upholds Car Sale Discounts as Genuine, Rejects Claims of Sham Transactions by Assessee.

January 7, 2016

Case Laws     Income Tax     AT

Disallowance of discount on sale of car to various customers - assessee had granted discount to various customers on the sale of several model of the cars traded by the assessee. These transactions cannot be held as sham or not genuine. - AT

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