Wednesday, 9 December 2015

ITAT treats transaction between two domestic cos as international transaction due to involvement of

IT/ILT: Where foreign AE gave Indian assessee licence to manufacture and market insulin and transactions arranged between assessee with Indian third party to get insulin manufactured also involved AEs, provisions of section 92B would be attracted and said transaction would be an international transaction between assessee and AE requiring determination of ALP under section 92(1)

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