Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Transfer pricing comparables for basic market research and testing services turned on functional comparability and related party screening. India Tourism Development Corporation Ltd. was retained as a comparable, while Unimed Diagnostics Private Limited, Medall Healthcare Private Limited, IGT Solutions Private Limited and Fuzen Software Private Limited were treated as functionally dissimilar because their business models differed from information-gathering and data-compilation services. The note also records that depreciation on computer software and disallowance of international travel expenses were sent back for fresh verification because the DRP directions had not been properly implemented.
Transfer pricing comparables for basic market research and testing services turned on functional comparability and related party screening. India Tourism Development Corporation Ltd. was retained as a comparable, while Unimed Diagnostics Private Limited, Medall Healthcare Private Limited, IGT Solutions Private Limited and Fuzen Software Private Limited were treated as functionally dissimilar because their business models differed from information-gathering and data-compilation services. The note also records that depreciation on computer software and disallowance of international travel expenses were sent back for fresh verification because the DRP directions had not been properly implemented.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
