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TII BREAKING NEWS
 
TP - Where main relief is granted on basis of one reason, adjudication of exclusion of comparable company for other reasons may not be necessary:
TP - Entity engaged in diversified activities cannot be selected for purpose of comparison, in absence of segmental bifurcation: ITAT
TP - Assessment order passed in case of non-existent entity is void: ITAT
I-T - Managerial services which did not make available any technical knowledge, skill, knowhow or processes to purchaser, do not fall under FTS: ITAT
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TII SPECIAL Jul 27, 2020
 
Extension of Applicability of Transfer Pricing Safe Harbour Rules - A Welcome Move
By CA Maneet Pal Singh

21st century's competitive marketplace lives in the shadow of a hyper-competitive spirit, which creates a combined effect of growth and malaise for new, up-and-coming ventures. With multiple companies in the same domain targeting the same consumer base for marketing their products, companies seek to widen their reach and diversify territorially, if not product-based. Like

 
TII EDIT Jul 29, 2020
 
The rotten state of private discretionary trusts
By D P Sengupta

A recent case decided by the ITAT has created unease amongst India's tax planners, whose job it is to prepare an elaborate smokescreen to hide the truth from the taxman thereby facilitating tax avoidance and at times, blatant tax evasion. Indian Courts and Tribunals, steeped in common law doctrines and overtly reliant on

 
BULLETIN BOARD
 
New Delhi, Jul 16, 2020
Exchange of information - CBDT notifies authorities for sharing data with FIU u/s 138...
New Delhi, Jul 09, 2020
Filling up vacancies at the level of Director/Deputy Secretary in Foreign Tax & Tax Resea...
New Delhi, Jun 02, 2020
Govt amends Passport Rules 1980; Fee can be paid online or in cash at counter ...
New Delhi, May 27, 2020
Income tax - Sec 9A - Rule 10V - Sub-rule (10) & forms notified in relation to remunerati...
< More News >
 
TII BRIEF
 
New Delhi, Jul 31, 2020
OECD Members agree on method for reporting debt relief as ODA ...
New Delhi, Jul 31, 2020
BRICS Environment Ministers' meet calls for promoting circular economy ...
Paris, Jul 23, 2020
Tax revenue to be badly hit in Asia-Pacific: OECD ...
Paris, Jul 16, 2020
OECD area employment dips in Q1 ...
New Delhi, Jul 10, 2020
CLI remains close to crisis low in India: OECD ...
 
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