erred in not considering the insurance income,
discount received from suppliers towards early payment of bills,
and commission received towards car finance referrals ... operating margin by treating royalty
income, VAT, incentive, commission/discount received and
insurance claim as non-operating revenue. The ld.TPO had
also treated forex
transactions are at arm's length after
considering the discount received by assessee from its AEs.
-In 3 instances, the transactions ... length after
considering the discount received by the assessee from its AEs and
also the benefit of 5 percent range provided under proviso to
section
there was a mistake in the financial year 2010-11. The discount received
from the Times of India was, in fact, paid to the sundry ... during the year
under consideration. In respect of the discount received from Times of
India, according to the Ld. D.R., the assessee claimed before
adding a sum of
Rs.5,93,406/- being the discount received by the appellant for
purchase of villa (a capital asset) as the income ... made by
the Ld.AO is nothing but the discount received by the assessee
towards purchase of property. The Ld.AR therefore pleaded
before
principal.
ii. Section 194H defines Commission and brokerage as payment received or
receivable directly or indirectly by a person acting on behalf of another person ... return sim cards, the assessee has only recorded the
amount received/receivable in the books. Since it is a case of receipt of payment
case assessee was engaged in executing projects of a Power Corporation. Assessee received excess amounts over and above amounts due to it as per actual ... assessee purchased IDBI Bonds. It exercised option to receive discounted interest for entire period in the relevant accounting year. Hon'ble High Court
Exide Industries, the AO noted that
the assessee has received incentives apart from cash discounts on
purchases made from M/s. Exide Industries. According ... Exide Industries, it was noticed that, the appellant has
received incentives apart from the cash discount while purchasing the
batteries from M/s Exide Industries
discounting system, a person who discounts the bill
takes the interest amount upfront when he discounts the bill by way of 'front
end discount ... future interest receivable is
not an accrued income. However, this aspect cannot be accepted as
assessee has received the discounted amount as a part
discounting system, a person who discounts the bill
takes the interest amount upfront when he discounts the bill by way of 'front
end discount ... future interest receivable is
not an accrued income. However, this aspect cannot be accepted as
assessee has received the discounted amount as a part
discounting system, a person who discounts the bill
takes the interest amount upfront when he discounts the bill by way of 'front
end discount ... future interest receivable is
not an accrued income. However, this aspect cannot be accepted as
assessee has received the discounted amount as a part
