https://www.taxtmi.com/news?id=24907 Pan India search operations targeting foreign controlled mobile handset manufacturers uncovered alleged non compliance with related party disclosure and transfer pricing norms, unsupported royalty remittances to group entities abroad, suspect foreign borrowings with interest claimed as deductions, inflation of expenses and payments for associated enterprises, failures in tax deduction at source obligations, and evidence of nominal directorships with substantive foreign management control; investigators also identified use of shell vendors to siphon funds. Investigations remain in progress. en-us Fri, 31 Dec 2021 18:24:32 +0530 Fri, 31 Dec 2021 18:24:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24907 Pan India search operations targeting foreign controlled mobile handset manufacturers uncovered alleged non compliance with related party disclosure and transfer pricing norms, unsupported royalty remittances to group entities abroad, suspect foreign borrowings with interest claimed as deductions, inflation of expenses and payments for associated enterprises, failures in tax deduction at source obligations, and evidence of nominal directorships with substantive foreign management control; investigators also identified use of shell vendors to siphon funds. Investigations remain in progress. News - Fri, 31 Dec 2021 18:24:32 +0530 https://www.taxtmi.com/news?id=24907