Friday, 25 May 2012

NO TP Adjustment for Corporate Guarantee

S. 92B --International transactions--Transfer pricing--Corporate guarantee provided by assessee to subsidiary does not fall within international transaction--No transfer pricing adjustment required-- Four Soft Ltd. v. Deputy CIT (Hyderabad) . . . 73 Vol 16 - ITAT - ITR

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Mere execution of JDA with developer does not trigger capital gains tax in real estate transactions

  Recently Bangalore ITAT recently delivered an important ruling clarifying that merely executing a Joint Development Agreement (JDA) does n...