Trademark depreciation and section 14A adjustments: ITAT applies consistency, independent book-profit computation, and no disallowance without exempt ...
Rebuttable search presumptions and corroboration standards shaped deletion of unsubstantiated additions, while rental income and limited profit estima...
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Once GST was reduced, the seller remained under a statutory duty to pass on the benefit through commensurate price reduction, and regulated cinema ticket pricing did not displace scrutiny under anti-profiteering law. The Tribunal rejected reliance on Telangana cinema licensing orders and found no equitable relief because material facts had not been fully disclosed and the earlier High Court conditions were not shown to have been satisfied. It accepted the DGAP methodology, held that the base price should have been maintained after the tax cut, and found profiteering established. Interest was made recoverable only prospectively from 28.06.2019, while penalty was held inapplicable because the penalty provision came into force later.
Once GST was reduced, the seller remained under a statutory duty to pass on the benefit through commensurate price reduction, and regulated cinema ticket pricing did not displace scrutiny under anti-profiteering law. The Tribunal rejected reliance on Telangana cinema licensing orders and found no equitable relief because material facts had not been fully disclosed and the earlier High Court conditions were not shown to have been satisfied. It accepted the DGAP methodology, held that the base price should have been maintained after the tax cut, and found profiteering established. Interest was made recoverable only prospectively from 28.06.2019, while penalty was held inapplicable because the penalty provision came into force later.
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