This content is from: India Transfer pricing alone “is not enough” to repatriate Indian black money India’s Finance Minister said yesterday that an upgrade was needed to bring the country’s transfer pricing norms into line with global standards. January 26 2011
This content is from: India ITAT rules on pricing method of generic active pharmaceutical ingredients (API) Rohan Phatarphekar and Manish Bafna, of KPMG, dissect the Mumbai ITAT ruling in the case of Serdia Pharmaceuticals and explain why APIs can constitute a comparable uncontrolled price (CUP) for the import of drugs when... January 19 2011
Indian court finds that profits from offshore supply of equipment are not taxable The Delhi High Court has ruled that a company with a contract for the offshore supply of equipment was not liable to pay tax in India when title to the property had passed outside of the country. January 13 2011
Interest is applicable under MAT, says India’s Supreme Court India’s Supreme Court has held that interest must be paid on minimum alternate tax (MAT) even in cases where the final tax liability is under the provisions of MAT. By Jack Grocott January 13 2011
India authorities target avoidance by opening eight more offices abroad The Indian government has announced that it is to open eight overseas tax offices in an effort to improve tax information exchange and reduce tax evasion. January 12 2011
This content is from: India India sets out five year plan to tackle tax leakage The Indian tax department has released a five-year vision statement, which mentions forming a group of experts, by March this year, to tackle tax leakage and transfer pricing. January 12 2011
JetLite wins service tax appeal India's Customs, Excise & Service Tax Appellate Tribunal ruled in favour of JetLite in a service tax dispute, which had the taxpayer facing a demand for more than Rs1 billion ($21 million) in unpaid tax and a penalty. By Salman Shaheen January 06 2011
This content is from: India Key Indian transfer pricing cases and legislation In light of several recent developments in Indian transfer pricing, Rohan Phatarphekar and Vinita Chakrabarti, of KPMG, provide an overview of key cases and legislation. January 05 2011
India launches tax probe into Kraft’s purchase of Cadbury Indian authorities are investigating possible tax evasion by Kraft Foods, the US food and beverage company, in relation to its purchase of the UK food company Cadbury in 2010. January 04 2011
