Tuesday, 17 December 2013

Financial analysis of borrowers won't be deemed as facilitation of loan agreement as per India-Franc

IT/ILT: Where role of assessee in inninged transactions of foreign currency loan under ECB was to provide financial analysis of borrowers, general market conditions and regulatory environment, nature of services provided by assessee did not fall under terms of facilitation of conclusion of loan agreement or signing thereof as stipulated under para 4 of protocol between India and France


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