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

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Full Text of the Document

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....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.....

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