TMI BlogASSOCIATED ENTERPRISESX X X X Extracts X X X X X X X X Extracts X X X X ..... of an enterprise of a Contracting State and an enterprise of the other Contracting State, and in either case conditions are made or imposed between the two enterprises in their commercial or financial relations which differ from those which would be made between independent enterprises, then any profits which would, but for those conditions, have accrued to one of the enterprises, but, by reaso ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... etent authorities of the Contracting States shall if necessary consult each other. 3. The provision of paragraph 2 shall not apply where judicial, administrative or other legal proceedings have resulted in a final ruling that by actions giving rise to an adjustment of profits under paragraph 1, one of the enterprises concerned is liable to penalty with respect to fraud, gross negligence or wilf ..... X X X X Extracts X X X X X X X X Extracts X X X X
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