India - Ruling on Applicability of Transfer Pricing Provisions to Situations Where No Income Arises under the Income Tax Act
- P.R.K. Jhabakh
- Derivatives & Financial Instruments, 2013 (Volume 15), No 5
- 23 September 2013
In its recent judgment in the Vijai Electricals Ltd case, the Income Tax Appellate Tribunal considered the applicability of transfer pricing provisions in situations where no income can be said to arise under the Income Tax Act, 1961.