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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Commission Paid to Overseas Sourcing Agents Not Taxable as FTS; No Witholding Obligation

  Delhi ITAT held that commission paid by an exporter to an overseas sourcing agent for procurement of export orders and follow-up on realis...