The Income Tax Appellate Tribunal (ITAT), Mumbai bench recently delivered an important ruling in the case of Aurionpro Solutions Limited (ASL) on applicability of transfer pricing provisions to business advances granted by Indian parent companies to offshore subsidiaries and related aspects.
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The US president also unveiled a new 50% levy on copper imports; in other news, a UK wealth tax proposal has been criticised by the Institute for Fiscal Studies
MNEs are increasingly using algorithmic tools in TP. Sahasranshu Dash argues that data ethics should therefore plug directly into the TP design process