Transfer pricing comparables and adjustments: Tribunal revisits loss-maker status, segmental comparability, working capital relief, and risk allocatio...
Business expenditure disallowance failed where commission, related-party salary and promotion payments were supported by records and inquiry was inade...
Regulations amend valuation requirements for bankruptcy proceedings of personal guarantors to corporate debtors by replacing the phrase "internationally accepted valuation standards" with "such valuation standards as notified by the Board through circular", thereby vesting the Board with rulemaking authority to specify applicable standards; they further mandate that a registered valuer must prepare the valuation report and maintain documentation in the format notified by the Board through circular, making compliance with Board notified formats and circulars mandatory for valuation reports and recordkeeping with effect from publication in the Official Gazette.
Regulations amend valuation requirements for bankruptcy proceedings of personal guarantors to corporate debtors by replacing the phrase "internationally accepted valuation standards" with "such valuation standards as notified by the Board through circular", thereby vesting the Board with rulemaking authority to specify applicable standards; they further mandate that a registered valuer must prepare the valuation report and maintain documentation in the format notified by the Board through circular, making compliance with Board notified formats and circulars mandatory for valuation reports and recordkeeping with effect from publication in the Official Gazette.
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