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Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
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Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Delayed trade receivables from associated enterprises are treated as a separate international transaction where realisation exceeds the normal credit period and provides an uncompensated financing benefit. Acceptance of the underlying IT/SDS service margin at arm's length, or inclusion of finance costs in operating costs, does not itself establish arm's-length compensation for extended credit. A debt-free service provider with no interest-bearing borrowings may not require a notional interest adjustment, subject to factual verification. For foreign-currency IT/SDS receivables, the article notes benchmarking at LIBOR plus 200 basis points after allowing a 60-day credit period.
Delayed trade receivables from associated enterprises are treated as a separate international transaction where realisation exceeds the normal credit period and provides an uncompensated financing benefit. Acceptance of the underlying IT/SDS service margin at arm's length, or inclusion of finance costs in operating costs, does not itself establish arm's-length compensation for extended credit. A debt-free service provider with no interest-bearing borrowings may not require a notional interest adjustment, subject to factual verification. For foreign-currency IT/SDS receivables, the article notes benchmarking at LIBOR plus 200 basis points after allowing a 60-day credit period.
Note: It is a system-generated summary and is for quick reference only.
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