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NEWS FLASH
Whether when department cannot charge notional interest when interest-free loan is advanced to sister concern under normal provisions of Act, it is possible to make an adjustment on account of interest free loan given to a non-resident associated enterprise under TP provisions - Whether provisions of section 92 being special provisions would override general provisions (See 'Breaking News')
India-Japan DTAA - Whether when RBI has not found any violation of rules by LO, Revenue can still presume that LO was engaged in carrying out profit-making business activities in India (See 'Breaking News')
ICC suggests way out of TP disputes (See 'TII Brief')
Trade Unions urge Australian Govt to levy Millionaires' tax (See 'TII Brief')
TP - Whether Department can say that assessee, engaged in telecom business, does not require to make any payment to AEs for resolving complicated problems of telecom instruments - Whether to avail of services of AEs is prerogative of assessee - Whether expenditure can be disallowed only on ground that expenses were not required to be incurred by assessee - Whether while determining ALP of any international transaction, TPO is required to examine only quantum of expenditure incurred by assessee or reasonableness of an expenditure is also required to be examined (See 'TII Breaking News')
TP - Whether issuing corrigenum is a permissible mechanism to cure defect in an order, which would otherwise make assessment proceedings invalid - Whether TP adjustment on account of write back of excess depreciation charged by assessee is justified when depreciation charged by assessee was higher than that claimed by comparable companies (See 'TII Breaking News')
House Panel moots tax sops for NRI investors (See 'TII Brief')
Thailand to sign tax treaty with Cambodia (See 'TII Brief')
45 mn people unemployed across OECD area by March-end, 2012 (See 'TII Brief')
UNIDO Competitiveness Index: India's index improves (See 'TII Brief')
Whether when non-resident is found to have camouflaged contract awarded to it but execution of work is not doubted, it is a fit case for invoking provisions of Sec 40(a)(ia) - Whether when once books are held to be camouflaged not representing assessee’s proper income, proper course is to reject books of a/c and estimate income (See 'TII Breaking News')
Bermuda, Qatar sign DTAA (See 'TII Brief')
I-T - Whether when when first/original assessment was an agreed one, re-assessment can be initiated if conditions mentioned in Section 147 are satisfied (See 'TII Breaking News')
India's outward FDI by Indian Companies jumps from USD 7210 mn to USD 72037 mn (See 'TII Brief')
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INTERNATIONAL TAXATION
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