Decision of arbitrary asset valuation in Intel case highlights transfer pricing dilemmas in India
February 09, 2011
Matthew Gilleard - TP Week
The assistant director of income tax (ADIT) in Bangalore has rejected the valuation of assets, by a registered valuer, as arbitrary.
This first ruling in Intel Asia Electronics Inc, India Branch Office vs ADIT (ITA No. 131/Bang/2010) sheds some light on the computation of fair market value of the assets which a taxpayer can adopt while transferring assets to associated entities.
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