https://www.taxtmi.com/forum/issue?id=108799 A branch sold stock transferred from its head office at prices lower than the inward value; the tax authority adjusted the trading account by imputing a margin, found discrepancies with physical stock and treated the difference as sales suppression. The primary legal contention is whether the branch can prove its sales were at arms length and not undervalued; demonstrating transfer pricing rationale, intercompany documentation, stock records and market-based pricing can rebut the department's reconstruction and suppression finding. en-us Tue, 23 Jun 2015 20:49:07 +0530 Thu, 23 Jan 2025 15:56:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108799 A branch sold stock transferred from its head office at prices lower than the inward value; the tax authority adjusted the trading account by imputing a margin, found discrepancies with physical stock and treated the difference as sales suppression. The primary legal contention is whether the branch can prove its sales were at arms length and not undervalued; demonstrating transfer pricing rationale, intercompany documentation, stock records and market-based pricing can rebut the department's reconstruction and suppression finding. Discussion-Forum VAT / Sales Tax Tue, 23 Jun 2015 20:49:07 +0530 https://www.taxtmi.com/forum/issue?id=108799