The income tax authorities should not view the computation of transfer price by assessees with a jaundiced eye. Transfer pricing is not a science in which mathematical precision is possible. There should be room for some degree of approximation. reality check on computation of transfer price
India Woos Foreign Investors: Abandons Discriminatory Tax Policies
In order to woo foreign investors, Indian government has decided to accept the Bombay High Court order of October 10, 2014 that went in favour of Vodafone India Services Pvt. Ltd. in the Rs.3,200 crore ($0.5 million approx) tax case. Similar approach would be adopted in transfer pricing cases where courts have decided in favour […]
Corporate Environment Is Changing In India
The corporate environment of India is fast changing. Even the Parliament of India realised this fact and it passed the Indian Companies Act, 2013 (PDF). The Act has streamlined the corporate environment of India and has also widened the powers of serious Frauds Investigation Office (SFIO) that can now investigate many more serious frauds happening […]
General Director of Togliattiazot is Wanted by Russian Prosecutors, Possibly Hides in London
Disclaimer: Togliattiazot and its management consider that this article contains inaccurate and misleading information relating to Togliattiazot and its management. Togliattiazot does not support the publication of this article and considers it to be defamatory Samara’s regional department of Investigative Committee of Russian Federation, a state watchdog inspecting into economic crime in the country, issued […]
Shareholding Meeting of Togliattiazot Failed Leaving $127 Million of Dividends Undistributed
Disclaimer: Togliattiazot and its management consider that this article contains inaccurate and misleading information relating to Togliattiazot and its management. Togliattiazot does not support the publication of this article and considers it to be defamatory Last Saturday I had a phone call from my Togliatti friend. You may remember I was writing a lot about […]
Expert Magazine: Togliattiazot May Change Ownership, Fertilizer War in its Finale
Disclaimer: Togliattiazot and its management consider ttiat this article contains inaccurate and misleading information relating to Togliattiazot and its management. Togliattiazot does not support the publication of this article and considers it to be defamatory We have been tremendously bored reporting on Togliattiazot conflict, but the new facts are coming in the Russian media every […]