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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Abnormally high profit - extraordinary profits cannot lead to ...


High Court Rules Extraordinary Profits Alone Don't Prove Collusion; Efficient Businesses Shouldn't Be Penalized.

September 15, 2012

Case Laws     Income Tax     HC

Abnormally high profit - extraordinary profits cannot lead to the conclusion that this is an arrangement between the parties. This would penalize efficient functioning. - HC

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