https://www.taxtmi.com/caselaws?id=219446 The High Court upheld the Tribunal's decision in favor of the respondent-assessee, dismissing the appeal. The court found that the Assessing Officer was unjustified in disallowing the difference in discounts offered to the sister concern and other customers under Section 40A (2) of the Income Tax Act. It was determined that the higher discount to the sister concern was justified due to additional expenses incurred for sales outside Varanasi. Similarly, the lower price charged for books to the sister concern was deemed reasonable, and Section 40A (2) did not apply in that scenario. en-us Tue, 11 Dec 2012 00:00:00 +0530 Fri, 14 Dec 2012 08:59:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219446 The High Court upheld the Tribunal's decision in favor of the respondent-assessee, dismissing the appeal. The court found that the Assessing Officer was unjustified in disallowing the difference in discounts offered to the sister concern and other customers under Section 40A (2) of the Income Tax Act. It was determined that the higher discount to the sister concern was justified due to additional expenses incurred for sales outside Varanasi. Similarly, the lower price charged for books to the sister concern was deemed reasonable, and Section 40A (2) did not apply in that scenario. Case-Laws Income Tax Tue, 11 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219446