Tenet Tax Daily January 11 2020
Loss making company for Transfer Pricing analysis to include companies declaring losses consistently for 3 consecutive AYs
Benchmarking intra-group services availed by assessee from AE – TNMM most appropriate method
Tenet Tax Daily January 10 2020
Profit Split Method adopted without examining expenses incurred by AE vis-à-vis assessee – issue remitted back
Tenet Tax Daily January 09 2020
Editing and Proof reading services not FTS and hence not taxable in India
Tenet Tax Daily January 08 2020
If salary is considered as part of operating cost, Forex cost mark-up was required while making salary payment to expat employee
Tenet Tax Daily October 16 2019
If recipient cannot perform such services on its own, sum received for providing technical services not taxable as FTS
Tenet Tax Daily October 14 2019
Payments made to foreign co. towards installation and repair work of wind turbine abroad taxable as FTS in India
Tenet Tax Daily October 08 2019
International transactions of payment of FTS to be benchmarked by applying TNMM as most appropriate method
Tenet Tax Daily October 05 2019
In case where no PE in India, sum received for supply of equipment and its installation are not taxable as FTS
Tenet Tax Daily September 28 2019
If average collection period of outstanding trade receivable is less than industry’s average TP additions are not warranted
Tenet Tax Daily September 27 2019
Issue of existence of LG’s PE in India remanded to DRP for examination and decision: ITAT
Tenet Tax Daily September 18 2019
Rejection of assessee’s benchmarking of royalty payment by TPO without any basis is unsustainable
Tenet Tax Daily September 17 2019
Draft order not required to be issued for rectifying mistakes which happened while giving effect to DRP’s directions
Tenet Tax Daily September 11 2019
Arrest warrant issued by TPO without issuing SCN to be quashed:HC
Tenet Tax Daily September 09 2019
Computing of ALP on adhoc basis by AO held not justified: ITAT
Tenet Tax Daily August 23 2019
No TDS in case of Foreign Company receiving compensation for breach of contract since it did not have a PE in India
Tenet Tax Daily August 16 2019
TPO cannot question justification for purchase of Know-how – he can only determine ALP of the purchase
Tenet Tax Daily August 12 2019
Payment received by Foreign Company for installation and supervision of pipes and fittings is not FTS
Tenet Tax Daily August 06 2019