Sunday, July 27, 2014

[aaykarbhavan] Transportation cost and taxes to be considered to compute market value of goods transferred under sec. 80-I(8)




Transportation cost and taxes to be considered to compute market value of goods transferred under sec. 80-I(8)

July 28, 2014[2014] 46 taxmann.com 401 (Karnataka)/[2014] 360 ITR 606 (Karnataka)
IT : In order to determine market value of goods for purpose of Explanation to section 80-I(8), incidental expenses such as transportation, octroi and local taxes are to be included to value of cost of goods sold
 
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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