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Forex loss couldn’t be considered while computing ALP of purchases if sale/purchase wasn’t at pre-determined rates

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  • Forex loss couldn’t be considered while computing ALP of purchases if sale/purchase wasn’t at pre-determined rates
Posted onon January 17, 2015

Tenet Tax Daily January 16 2015

By tenettax-team
Corporate Tax, International Tax

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Share application money paid to AE couldn’t be held as international transaction by deeming it as lending/borrowing
Compensation awarded under Motor Vehicle Act and interest accrued thereon in bank weren’t taxable

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