Saturday 6 December 2014

Commission paid to affiliate on import of furnace oil was illegal as it was purchased subsequently i

IT : Where purchases made by assessee from sister concern of furnace oil, its storage and consequent sale were in complete breach of Solvent, Raffinate & Slop [Acquisition, Safe, Storage & Prevention of Use in Automobiles] Order, 2000, payment made by assessee to sister concern could not be allowed under section 37(1)


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