SC dismisses SLP against decision of High Court in Veer Gem's case

IT/ILT: SLP dismissed against High Court ruling that where assessee-firm purchased rough diamonds from firm 'B', controlled by close relatives, in view of fact that clauses (i), (j) and (l) of sub-section (2) of section 92A did not apply to assessee's case, both firms could not be regarded as associated enterprises

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