Company Fails to Pass Tax Rate Cut from 28% to 18%, Engages in Profiteering; Actions Deemed Dishonest.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Profiteering Activity - Benefit of reduction in the rate of tax from 28% to 18% not passed - Respondent has deliberately acted in defiance of the above law and hence he is guilty of the conduct which is contumacious and dishonest.....