Functional comparability under TNMM supported exclusion of ITeS comparables with R&D, intangibles, diversified operations, or unavailable segmental da...
Profiteering - supply of “Snacks” - benefit of reduction in the rate of tax not passed on - Profiteering proceedings are only concerned with ascertaining whether the Respondent had passed on the benefit of rate reduction to his customers or not - have no concern with the above factors such as stiff competition, increase in the raw material and transportation costs, discounts to his dealers etc. - amount of profiteering determined
Profiteering - supply of “Snacks” - benefit of reduction in the rate of tax not passed on - Profiteering proceedings are only concerned with ascertaining whether the Respondent had passed on the benefit of rate reduction to his customers or not - have no concern with the above factors such as stiff competition, increase in the raw material and transportation costs, discounts to his dealers etc. - amount of profiteering determined
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