Arm's Length Principle: Foreign Enterprise's Tax Gains or Losses Irrelevant; Focus on Functional, Not Product Similarity in Chapter X.

Arm's Length Principle: Foreign Enterprise's Tax Gains or Losses Irrelevant; Focus on Functional, Not Product Similarity in Chapter X. https://www.taxtmi.com/highlights?id=14424 Transfer pricing - ALP - Whether said foreign A.E. is having losses, or otherwise not benefitted in any tax savings in that country, is not matter of examination in this Chapter-X of IT Act - it is incorrect to hold that ‘functional similarity' is to be preferred over and above 'product similarity' - AT en-us Wed, 11 Sep 2013 10:42:25 +0530 Wed, 11 Sep 2013 10:42:25 +0530 TaxTMI RSS Generator Arm's Length Principle: Foreign Enterprise's Tax Gains or Losses Irrelevant; Focus on Functional, Not Product Similarity in Chapter X. https://www.taxtmi.com/highlights?id=14424 Transfer pricing - ALP - Whether said foreign A.E. is having losses, or otherwise not benefitted in any tax savings in that country, is not matter of examination in this Chapter-X of IT Act - it is incorrect to hold that ‘functional similarity' is to be preferred over and above 'product similarity' - AT Highlights Income Tax Wed, 11 Sep 2013 10:42:25 +0530 https://www.taxtmi.com/highlights?id=14424