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Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
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Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Gross profit on the declared turnover and resultant undisclosed sales was prescribed at 4.315% after rejection of the flexible-packaging manufacturer's books, using the average rate of eight comparable concerns. In computing undisclosed sales from seized diaries, total sales to traders and verified contra entries were deductible; claimed totaling errors required verification, while post-search sales could not be deducted. No commission addition for alleged RTGS accommodation entries was sustainable because the employee statement lacked corroboration and the relevant trader sales were to be reduced from diary receipts. Verified bank withdrawals supported telescoping of cash found during search against undisclosed-sales income.
Gross profit on the declared turnover and resultant undisclosed sales was prescribed at 4.315% after rejection of the flexible-packaging manufacturer's books, using the average rate of eight comparable concerns. In computing undisclosed sales from seized diaries, total sales to traders and verified contra entries were deductible; claimed totaling errors required verification, while post-search sales could not be deducted. No commission addition for alleged RTGS accommodation entries was sustainable because the employee statement lacked corroboration and the relevant trader sales were to be reduced from diary receipts. Verified bank withdrawals supported telescoping of cash found during search against undisclosed-sales income.
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