Quiz for the week (03 Aug 2026) :
Aditi (P) Ltd is engaged in manufacturing activities. Throughout the year the company purchased raw material from a director (having 15% voting rights) for Rs.20 lakhs every month. The supplier i.e. director charged 20% more than the market price. Similarly, throughout the year it sold its finished goods to another director (having voting rights of 25%) of Rs.30 lakhs at a price which was 10% less than the market price. Discuss how both the transactions would be dealt with in assessment.
Share your thoughts on or before 10.08.2026.