Profiteering Allegations in Film Admission Services Confirmed; DGAP's Methodology Valid u/s 171(1) of the Tax Law.

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....Profiteering - supply of “Services by way of admission to exhibition of cinematograph films” - allegation that the benefit of reduction in the rate of tax not passed on by way of commensurate reduction in price - The mathematical methodology employed by the DGAP to compute the profiteered amount is correct, appropriate, reasonable and in consonance with the provisions of Section 171(1) - NAPA....