Friday 25 October 2013

Co. not disclosing total transactions conducted at arm's length price can disclose these later on

CL: Where transactions were conducted at arm's length and accounts being maintained, merely because company did not refer totality of transactions would not preclude it from later disclosing entire range of its business and it could not be presumed that loans were made available in guise of trade advances alleging violation of section 295(1)(e)


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