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TP - DRP not liable for reducing an adjustment when TPO himself on being satisfied has carried out such reduction: ITAT (See 'Breaking News') TP - profits/losses of speculative transactions can be set off against normal business profits/losses if such transactions are incidental to main business of assessee: ITAT (See 'Breaking News') Govt approves six proposals of FDI (See 'FDI Approved' in FDI) TP - RPM most suitable for distributor obtaining goods/services from AE and reselling without making any value addition: ITAT (See 'Breaking News') TP - Distribution activity & AMP expenses are two separate but related international transactions and should be aggregated only for determining their ALP: ITAT (See 'Breaking News') UAE signs pact for Assistance in Tax Matters (See 'TII Brief') Clarification on removal of Cyprus from the list of notified jurisdictional areas under section 94A of the Income tax Act, 1961 (See 'Circular' in Intl Taxation) USD 250 bn Tax Bill - Australian Federal Court rules against Chevron TP - 'Guarantee commission' would be construed as 'international transaction' u/s 92B, if AE was charged lesser interest in case of credit taken against guarantee: ITAT (See 'Breaking News') TP - Adjustment on account of underutillization of margins should be made while computing ALP, if underutilization is more than average underutilization of industry: ITAT (See 'Breaking News') The Insolvency and Bankruptcy Code, 2016 (IBC) (See 'CORP EINSICHT' in TIOLCorplaws.com) I-T - Contribution made by member to its mutual association by way of foreign remittances, would not constitute income chargeable to tax: ITAT (See 'Breaking News') France - new tax haven for India? (See 'TII Edit') TP - No gaint company having huge intangibles & IPR can be compared to any average entity: ITAT (See 'Breaking News') I-T - TDS u/s 195 is mandated on consultancy fee paid to foreign company, who had deputed their skilled employees to India to render services to assessee: ITAT (See 'Breaking News')
 
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