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Transaction between two resident entities won’t be an ‘International transaction’; no additions to be made

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  • Transaction between two resident entities won’t be an ‘International transaction’; no additions to be made
Posted onon September 15, 2014

Tenet Tax Daily September 15 2014

By tenettax-team
Corporate Tax, International Tax

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Exp. incurred by ‘Idea Cellular’ on abandoned projects intending to facilitate its business was revenue exp.
Broker assuming all risks without any right to conclude contracts on behalf of NR can’t be treated as agency PE

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