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When applying CUP method international transaction can be compared with actual transaction and not with mere ‘quotation’

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  • When applying CUP method international transaction can be compared with actual transaction and not with mere ‘quotation’
Posted onon April 21, 2014

Tenet Tax Daily April 21 2014

By tenettax-team
Corporate Tax, International Tax

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HC allowed wastage claimed by assessee as no doubt was casted on entries in stock register maintained by assessee
Concealment penalty couldn’t be imposed merely because ITAT confirmed quantum of additions made by AO

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