Opinion: India meets OECD transfer pricing aims
November 08, 2007
There has been considerable criticism that India fails to accord with OECD guidelines on TP policy. Hardev Singh of KPMG South India argues that it does
Transfer pricing disputes have been a subject matter of great debate in India. The Indian tax tribunals over the past few months have delivered and laid the ground rules for application and interpretation of the transfer pricing legislation. The first of such rulings being the Aztec’s case decided by the Special Bench of the tax tribunal. The overall approach of the tribunal has been to take due cognisance of OECD guidelines, in disposing issues not specifically addressed by the Indian transfer pricing legislation.
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