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Transfer Pricing News

Income Tax department

29 Apr 2017

CBDT signs two unilateral APAs with taxpayers

The tax department has entered into two unilateral advance pricing agreements (APAs) with Indian taxpayers as it looks to reduce litigation by providing certainty in transfer pricing.

Information Technology

06 Aug 2015

India, US resolve 35 transfer pricing disputes in IT sector

The Revenue Department Thursday said 35 transfer pricing disputes between India and the US in different segments of Information Technology (IT) have been resolved and another 100 are likely to be settled in the next three months.

Income Tax department

21 May 2015

Draft norms for 'Range Concept' in transfer pricing released

The tax department Thursday came out with draft norms for introduction of 'range concept' for calculating Arm's Length Price for valuing transactions between related entities for the purpose of taxation.

31 Mar 2015

CBDT extends time for filing roll-back applications under APA

The Central Board of Direct Taxes has extended the window for filing roll-back applications under the Advance Pricing Agreement relating to transfer pricing cases by three months to June 30.

29 Jan 2015

Govt not to challenge transfer pricing rulings in Vodafone, other cases

Wooing overseas investors, government Wednesday decided against challenging the Bombay High Court decision favouring Vodafone in the Rs 3,200 crore tax case and adopt a similar approach in transfer pricing litigations involving other MNCs like Shell.

10 Oct 2014

Vodafone welcomes Indian tax battle win

Vodafone on Friday welcomed an Indian court ruling in favour of the British mobile giant which was engaged in a $490-million tax battle with local authorities.

17 Sep 2014

'OECD proposals to have impact on transfer pricing in India'

Once implemented, the measures proposed by OECD to curb tax avoidance activities would have "far reaching implications" in India's transfer pricing landscape as well as a significant impact on US multinationals with overseas operations, according to experts.

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