https://www.taxtmi.com/caselaws?id=49451 The Court allowed one of the appeals, directing the Tribunal to provide a statement on whether the Bombay branch sold sovereigns to the Karachi branch. Emphasizing the necessity for clarity on this issue, distinct from local sales assessment, the judgment underscores the significance of verifying evidence and accounting practices for accurate profit assessment in transactions between branches. The decision highlights the importance of legal precision and evidence-based evaluations in tax matters. en-us Mon, 07 Nov 1960 00:00:00 +0530 Mon, 01 Sep 2014 21:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49451 The Court allowed one of the appeals, directing the Tribunal to provide a statement on whether the Bombay branch sold sovereigns to the Karachi branch. Emphasizing the necessity for clarity on this issue, distinct from local sales assessment, the judgment underscores the significance of verifying evidence and accounting practices for accurate profit assessment in transactions between branches. The decision highlights the importance of legal precision and evidence-based evaluations in tax matters. Case-Laws Income Tax Mon, 07 Nov 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49451