If an international transaction is proved to be not genuine, the ...

Interest Payments Under Non-Genuine Hire Purchase Agreements Not Deductible; Transfer Pricing Rules Exempt.

June 11, 2018

Case Laws Income Tax AT

If an international transaction is proved to be not genuine, the transfer pricing provisions are not triggered - once we have treated hire purchase agreement as not genuine, it is but natural that the payment of interest made under such hire purchase agreement, cannot be allowed as deduction.

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If an international transaction is proved to be not genuine, the ...

Interest Payments Under Non-Genuine Hire Purchase Agreements Not Deductible; Transfer Pricing Rules Exempt.

June 11, 2018

Case Laws Income Tax AT

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