Court Deletes Disallowance of 2.5% Trade Discount to Sister Concern, Finds No Tax Evasion Intent.

Court Deletes Disallowance of 2.5% Trade Discount to Sister Concern, Finds No Tax Evasion Intent. https://www.taxtmi.com/highlights?id=18459 Deletion of disallowance of trade discount - assessee Company had arranged to give 2.5% discount to the sister concern - Such facility was also made available to others - there appears no attempt of evading the tax - HC en-us Wed, 07 May 2014 11:04:06 +0530 Wed, 07 May 2014 11:04:06 +0530 TaxTMI RSS Generator Court Deletes Disallowance of 2.5% Trade Discount to Sister Concern, Finds No Tax Evasion Intent. https://www.taxtmi.com/highlights?id=18459 Deletion of disallowance of trade discount - assessee Company had arranged to give 2.5% discount to the sister concern - Such facility was also made available to others - there appears no attempt of evading the tax - HC Highlights Income Tax Wed, 07 May 2014 11:04:06 +0530 https://www.taxtmi.com/highlights?id=18459