Blogs tagged with: Income-tax Act

IMPORTANCE OF SERVICE OF DOCUMENTS REFERRED IN THE SHOW CAUSE NOTICE ISSUED UNDER (INDIAN) INCOME TAX ACT, 1961 AND (INDIAN) BLACK MONEY (UNDISCLOSED FOREIGN INCOME AND ASSETS) AND IMPOSITION OF TAX ACT, 2015

by Rajat on 19 May 2017 in Criminal law

By Vijay Pal Dalmia, Advocate & Partner Vaish Associates & Rajat Jain, Advocate Email: var _em0_0="vpdalmi",_em0_1="a$vaish",_em0_2="law*com";document.write(" "+window.__liDecEmail(_em0_0,_em0_1,_em0_2)+" ") vpdalmiavaishlaw Mobile: +91 9810081079 and Email: var _em2_0="rajat",_em2_1="jain...

Seminal decision: Capacity Utilization Adjustment in Transfer Pricing

by Economic Laws Practice (ELP) on 16 September 2015 in Tax (indirect & direct)

The Transactional Net Margin Method (‘TNMM’) is a prescribed method for determining the arm’s length price in some cases. It also enjoins the adjustment owing to capacity under-utilization differences. Sizes of entities and level of activities differ, so does the available comparables for the purpos...