Thursday, December 15, 2011

INTERNATIONAL TAXATION/TRANSFER PRICING


  • The Mumbai ITAT bench in Asst DIT vs. Neo Sports Broadcast Pvt. Ltd. has held that payment for "live telecast" of event is not "royalty" nor arising from "business connection".
  • The Mumbai ITAT bench in ACIT vs. Maersk Global Service Centre (India) P. Ltd. has held that if TPO does not give cogent reasons to reject a comparable, it must be presumed to be comparable & DR cannot argue to the contrary

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