Tag Archives: arms

Corp guarantees have no bearing on profits: ITAT

In a recent ruling, Income Tax Appellate Tribunal (ITAT) held that when corporate guarantees are in the nature of shareholder activities, they have no bearing on profits and in such cases no arms length price adjustments need to be made. … Continue reading

Posted in Banking Law, Company Law, Contract Law, FDI, General Law, Income Tax Law, International Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Procedure for investigation of related party import cases: CBEC

Central Board of Excise & Customs has laid down procedure for investigation of related party import cases and other cases by Special Valuation Branches. The Circular No. 5/2016 dated February 9, 2016 is issued in supersession of Circular No. 1/98 … Continue reading

Posted in Administrative Law, customs law, General Law, International Law, Notifications/Publications/Circulars, Trade Law, WTO/GATT | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment