Monday , December 11, 2017 |   22:46:29 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
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NEWS FLASH
 
TP - Disagreement over application of benchmarking method, would not amount to question of law, unless it is established that such application resulted in distorted outcome: HC (See 'Breaking News') TP - Royalty paid by AEs to their parent group company, cannot be treated as capital expenditure: ITAT (See 'Breaking News') DTAA - Global corporate guarantee agreement entered with NRI company for securing loans to AEs, cannot be treated as business profit: ITAT (See 'Breaking News') I-T - Mere failure to record detailed discussion in consequential order, is not sufficient to hold that AO has decided to allow expenditure without verification: ITAT (See 'Breaking News') TP - Rate of interest in case of pending receivables from AEs should be determined by applying LIBOR plus suitable basis point keeping in view credit score of AEs: ITAT (See 'Breaking News') TP - When determination of ALP in appeal effect order did not lead to any TP adjustment, with no effect on income of Assessee, no penalty provisions is applicable in such case: ITAT (See 'Breaking News') I-T - Overseas payment received as consideration for use of, or right to use industrial or scientific equipment, will fall within realm of 'Royalty' as per DTAA: ITAT (See 'Breaking News') TP - Outstanding receivables from AE prior to amendment of Finance Act, 2012, cannot be considered as 'international transaction' u/s 92B: ITAT (See 'Breaking News') Action 5 - Report on 44 tax jurisdictions released ( See ' Brief') TP - Extraordinary event of acquisition which has affected profit level indicator, is no ground for exclusion of comparable: ITAT (See 'Breaking News') TP - TNMM adopted for determination of ALP will only cover broad functional & product or services comparability & will involve comparison of margins at net profit level: ITAT (See 'Breaking News') TP - TP study of Assessee cannot be rejected by TPO and Assessee cannot be directed to establish benefit derived by it from AEs, when no TP examination was carried by TPO: ITAT (See 'Breaking News') Revamped GST calls for change in Basic Design! (See 'The Cob(Web)' in TIOL) I-T - No TDS is mandated on payments made to foreign residents for activities connected with business & directly related to earning of income from sources outside India: ITAT (See 'Breaking News') I-T - Provisions of section 147 can be triggered, in absence of any reason to believe escapement of income: ITAT (See 'Breaking News') I-T - No interest is imposable u/s 234B for failure of payer to deduct TDS, if advance tax paid by him including TDS was less than the amount he was obliged to pay: ITAT (See 'Breaking News') South Korea, Macau & UAE figure in list of 17 tax haven blacklisted by EU (See TII Brief')
 
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TII BREAKING NEWS
 
TP - Disagreement over application of benchmarking method, would not amount to question of law, unless it is established that such application resulted in distorted
TP - Royalty paid by AEs to their parent group company, cannot be treated as capital expenditure: ITAT
DTAA - Global corporate guarantee agreement entered with NRI company for securing loans to AEs, cannot be treated as business profit: ITAT
I-T - Mere failure to record detailed discussion in consequential order, is not sufficient to hold that AO has decided to allow expenditure without verification:
< More News >
 
TII SPECIAL Nov 29, 2017
 
Can triple Cobweb of Info Exchange Net Tax Evaders?
By Naresh Minocha

IT is time to take a stock of ground covered by the world in tax transparency within the domain of tax administrations.

Organisation for Economic Co-operation and Development (OECD-hosted Global Forum on Transparency and Exchange of Information for Tax Purposes (Forum) released on 17th November its first report on the status

 
TII EDIT Nov 18, 2017
 
Digital economy to the fore again
By D P Sengupta

TAXATION of digital economy is still making headlines in policy circles all over the world. The OECD is working on it again; the EU is working on it. Most of the giant digital companies being American, the Trump/Republican tax reforms on which there is no consensus as yet in the USA, will also have

 
BULLETIN BOARD
 
New Delhi, Nov 14, 2017
Foreign Exchange Management (Transfer or Issue of any Foreign Security) (Amendment) Regula...
Mumbai, Nov 09, 2017
Govt notifies detailed amendments in FEMA Regulations for transfer of shares by a non-resi...
New Delhi, Nov 07, 2017
Clarification on Indirect Transfer provisions in case of redemption of share or interest ...
New Delhi, Oct 31, 2017
Vacancy at the level of Under Secretary in Foreign Tax & Tax Research Division of CBDT...
< More News >
 
TII BRIEF
 
New Delhi, Dec 07, 2017
Action 5 - Report on 44 tax jurisdictions released ...
New Delhi, Dec 05, 2017
South Korea, Macau & UAE figure in list of 17 tax haven blacklisted by EU ...
New Delhi, Dec 01, 2017
India signs two bilateral APAs with Netherlands ...
Paris, Dec 01, 2017
CbC Reporting - OECD releases additional guidance ...
Paris, Nov 30, 2017
Q3 brings acceleration to G-20 merchandise trade ...
 
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