No Penalty if two views possible under Income Tax Act. Assessee (Salman Khan) in the present case who derives income from profession of acting and advertisement assignments [Source-Salman Khan vs. ACIT (ITAT Mumbai)].
Sale of goods at a price below manufacturing cost and profit now onwards will not be considered as exception to section 4 of Central Excise Act, 1944.
Sale of goods at a price below manufacturing cost and profit now onwards will not be considered as exception to section 4 of Central Excise Act, 1944.