How to reduce documentation risk in India
October 29, 2009
Samir Gandhi, Manisha Gupta and Viswanathan Subramaniam of Deloitte India explain the importance of maintaining appropriate documentation to evidence that the transaction price has been computed in good faith and with due diligence.
In a landmark decision by the Delhi Income Tax Appellate Tribunal it was held that the revenue authorities cannot levy penalty under Indian tax regulations for transfer pricing adjustments which are debatable.
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