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Sum paid to AE to make good its forex losses can’t be treated as management fee

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  • Sum paid to AE to make good its forex losses can’t be treated as management fee
Posted onon January 31, 2016

Tenet Tax Daily January 25 2016

By tenettax-team
Corporate Tax, International Tax

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Income initially disclosed before SetCom couldn’t be said to be concealed if additions were made due to TP provisions
Export commission paid to NR agent via banking channel couldn’t treated as unverifiable; allowable

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