Amendment status not verified — confirm the current text below against the official source.
If- bdkeal related (a) a registered dealer enters into a transaction with the related person for sale of pasom- 5 goods or sells or gives otherwise goods without adequate consideration to a related perspn; or (b) the terms or conditions of such transaction or sale or giving of goods have been influenced by seller being related with such person, the dealer shall not be entitled to a tax credit for the purchase of the goods or he shall be entitled to the proportibnately reduced tax credit under sub-section (3) of section 9 and the transaction or sale or giving of goods shall be deemed to be a sale made by the registered dealer and the sale price ofthe goods shall be deeined to be their fair market value. SERIES - I No. : 05 DATED isTH AUGUST, 2005. CHAPTER IV I ~ I s I R A T I o N A N 0 SECURITY I