Additions - under pricing to sister concern - This action of the ...

Case Laws Income Tax

February 11, 2020

Additions - under pricing to sister concern - This action of the A.O. is unjustified. Hence, the addition on account of underpricing was not warranted. The assessing officer missed the vital point that income was below taxable limit after b/f losses were set off during the current year. Moreover, there was no finding by the lower authorities that sister concerns benefited in any manner.

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Additions - under pricing to sister concern - This action of the ...

Case Laws Income Tax

February 11, 2020

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