ITAT recommends Constitution of Special Bench on the question of Transfer Pricing adjustment as Notional Interest and charging it to tax is disregarded under Indo Cyprus Tax Treaty

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench recommended the constitution of a  Special Bench on a question of transfer pricing adjustment as notional interest and charging it to tax is disregarded under Article 11 of Indo Cyprus tax treaty. The assessee-appellant, Ampacet Cyprus Limited has raised two separate, but materially identical, petitions seeking additional […]

from Taxscan | Simplifying Tax Laws https://ift.tt/315czkt